QSolar Announces Appointment of Corporate Secretary and Resignation of Director
Calgary, Alberta CANADA, May 09, 2012 /FSC/ - QSolar Limited (QSL - CNSX),(the "Corporation") is pleased to announce that Bill Walker has been appointed to the role of Corporate Secretary. Mr. Walker is a partner with the law firm McLeod & Company LLP in Calgary, Alberta, and has practiced in the areas of corporate and securities law for more than 20 years. Mr. Walker has been associated with the Corporation from preparation of the reverse take-over and the subsequent listing of the Corporation on the Canadian National Stock Exchange in March 2011.
The Corporation also wishes to announce the resignation of Mr. Neil Ramsay as a director of QSolar for personal reasons.
QSolar trades under the symbol QSL on the Canadian National Stock Exchange ("CNSX").
About QSolar Limited
QSolar Limited and its wholly-owned subsidiary, QSolar Ltd., develop patented and proprietary solar related processes and technologies, and manufacture and sell their own proprietary solar products. The Corporation currently manufactures solar photovoltaic (PV) panels in its new manufacturing facilities in Shanghai, China using its proprietary patent pending Spraytek(r), Kruciwatt(r) and ESS process and its own QLitedesigns. QSolar products were initially introduced by QSolar in July 2010 and have attracted significant interest, orders and letters of intent from European and U.S. markets generated by its sales office in France and through its various sales representatives. QSolar Spraytek(r) 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, longer life and cost less than equivalent solar products, and are now offered in various sizes and colors. In addition, QSolar offers solar panels with positive tolerance which means that the customer will get a guaranteed output which can be up to 5% more than the actual specifications.
Additional information on the operations or financial results of QSolar Limited and QSolar Ltd. are included in reports on file with applicable securities regulatory authorities and may be accessed through the CNSX website (www.cnsx.ca) and the SEDAR website (www.sedar.com) under the profile for QSolar.
FOR FURTHER INFORMATION PLEASE CONTACT:
Andreas Tapakoudes,
Chief Executive Officer
QSolar Limited
Telephone: 011-44-7534-711-503
email: andreas@QSolar-Limited.com
Preston J. Maddin, CFO
QSolar Limited
Telephone: 403-617-0000
email: preston@pacificroyalty.com
The CNSX has neither approved nor disapproved the contents of this press release. The CNSX does not accept responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements
This press release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements included in this report and the documents that we incorporate by reference, are forward-looking statements and can generally be identified by words such as "will," "allow," "outlook," or the negative of these terms, and other comparable terminology.
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 Limited 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 web page, please click on the following link: http://www.usetdas.com/pr/qsolar05092012.htm
Source: QSolar Limited (CNSX: QSL) http://www.qsolar.net
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