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or Name
USA
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QSolar Ltd
Symbol QSL
Shares Issued 73,748,912
Close 2014-08-15 C$ 0.455
Market Cap C$ 33,555,755
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ORIGINAL: QSolar Provides Update on TUV SUD’s IEC and UI Certification Process

2014-08-18 09:05 ET - News Release

QSolar Provides Update on TUV SUD’s IEC and UI Certification Process



Calgary, Alberta (FSCwire) - (CSE:QSL, FSE:Q2O) – QSolar Limited (“QSolar” or the “Corporation”) is providing an update pursuant to its December 17, 2013, January 7, 2014, May 13, 2014, June 23, 2014 and July 11, 2014 news releases regarding the certification process for the QSS solar module range of products currently undergoing testing in the independent TUV SUD laboratory in the United States. The Corporation is pleased to report that TUV SUD continues to support QSolar in the ongoing testing to achieve certification of the first non-glass PV solar module design under these testing protocols.

 

“Environmental stress tests for PV modules that are simulated for the certification in TUV SUD’s laboratory are of long duration. The certification testing of a never-before certified non-glass PV solar module design such as QSolar’s will also be of naturally long duration,” stated Mr. Alexander Krenz, PV Quality Manager for Greater China, TUV SUD China. “The ongoing certification testing has assisted QSolar to further improve its innovative module design and make big steps towards the final IEC UL certifications. TUV SUD is very proud to support QSolar to achieve global market access,” further stated Mr. Krenz.

 

“QSolar is extremely pleased with the continued successful cooperation with the independent testing and certification company TUV SUD,” commented Mr. Andreas Tapakoudes, Chief Executive Officer.

 

TUV SUD has also advised the Corporation that testing results will be provided to QSolar as soon as practical.

 

The purpose of the certification testing is to obtain global market access through the most crucial certifications in the solar industry for PV modules: IEC 61215, IEC 61730 along with UL 1703. The additional CB certification will allow market access for the QSS 250W product family to specific and very attractive PV markets like Japan and Australia.

 

QSolar will continue to provide updates regarding the results of the certification process as soon as they are known.

 

About QSolar Limited

 

QSolar trades under the symbol QSL on the CSE and Q2O on the Frankfurt Securities Exchange (“FSE”). There are currently 73,748,912 common shares issued and outstanding.

 

QSolar Limited (www.qsolar.net) and its wholly-owned subsidiary, QSolar Ltd., and its wholly-owned subsidiary, QSolar (Shanghai) Photovoltaic Technology Co. Ltd., develop proprietary trade secret solar related processes and technologies, and manufacture and sell proprietary solar products. The Corporation currently manufactures solar photovoltaic (PV) panels in Shanghai, China using its proprietary trade secret Spraytek® and ESS process and its own QLite and QSS family designs. QSolar Spraytek® panels offer several advantages over competing products as they have significantly lower losses in hot climates due to their design, offer superior solar cell encapsulation for better protection, significant weight savings and durability features over existing competitors PV modules.

 

Additional information on the operations or financial results of QSolar Limited are included in reports on file with applicable securities regulatory authorities and may be accessed through the CSE website (www.cnsx.ca) and Sedar website (www.sedar.com) under the profile for QSolar.

 

 

FOR FURTHER INFORMATION PLEASE CONTACT:

 

Gary Perkins, Investor Relations

Tekkfund Capital Corp.

Telephone: 416- 882-0020

Email:   garyperkins@rogers.com

 

Karsten Busche

public eye Consulting – Berlin, Germany

Telephone: +49 30 430 589 22

Email: kb@publiceye-consulting.com

 

Andreas Tapakoudes, Chief Executive Officer

QSolar Limited

Telephone:  011-44-7534-711-503

email:  andreas@QSolar-Limited.com

 

Preston J. Maddin, Chief Financial Officer

QSolar Limited

Telephone:  403-617-0000

email:  preston@qsolar-limited.com

 

Neither the CSE nor the FSE have approved nor disapproved the contents of this press release. Neither the CSE nor the FSE accept responsibility for the adequacy or accuracy of this release.

 

Forward-Looking Statements

 

Certain statements contained in this news release constitute forward looking statements. The use of any of the words “anticipate”, “continue”, “estimate”, “expect”, ‘may”, “will”, “project”, “should”, ‘believe”, and similar expressions are intended to identify forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements are based on reasonable assumption but no assurance can be given that these expectations will prove to be correct and the forward-looking statements included in this news release should not be unduly relied upon.

 

Various risks and other factors could cause actual results, and actual events that occur, to differ materially from those contemplated by the forward looking statements, such as whether QSolar is able to meet price, performance, quality and delivery requirements.  Although QSolar believes that the expectations represented by any forward-looking statements and forward-looking information contained herein are reasonable based on the information available to them on the date of this document, management cannot assure investors that actual results, performance or achievements will be consistent with these forward-looking statements or forward-looking information. QSolar undertakes no obligation to update the information in this press release to reflect events or circumstances after the date hereof or to reflect the occurrence of anticipated or unanticipated events.



To view this press release as a PDF file, click onto the following link:
public://news_release_pdf/qsolar08182014.pdf

Source: QSolar Limited (CSE:QSL) http://www.qsolar.net/

 

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