On Friday, Quantum Solar Power Corp. announced the appointment of Ms. Stella Guo as a Director and as Vice President of Corporate Development – effective September 1, 2011. Ms. Guo will assist the Company with their operations in Asia. This includes, but is not limited to, strategic planning, developing strategic partnerships, and facilitating agreements with Asian manufacturing partners.
Under the terms of Ms. Guo’s Employment Agreement, she will receive a salary of $100,000 US annually and options to purchase 1,000,000 shares of Quantum Solar Power Corp.’s common stock. The Agreement is for a one-year term. It renews automatically for successive one-year periods, if no notice of termination has been provided.
Before joining Quantum Solar Power Corp., Ms. Guo was Regional Director for BP Solar. She was named by Asia Law Business magazine as “China’s Top 10 In-house Counsels.” Ms. Guo held a series of management positions over the past fifteen years with British Petroleum. This company benefited from Ms. Guo’s general management, business development, merger & acquisitions, and corporate legal expertise. Ms. Guo holds a Master in Commercial Law from the University of Melbourne in Australia, and a Bachelor in Commercial Law from SunYat-Sen University in China.
Daryl Ehrmantraut, President and Chief Executive Officer of Quantum Solar Power Corp., said, “We look forward to working with Stella Guo in establishing our presence in China. China is working hard to establish itself as a major player in the solar power business. By 2020, China’s government is committed to raising the share of renewable energy (excluding hydroelectric power) in the energy mix to 6 percent, from their current 1.5 percent. We believe that partnerships between Chinese companies and Quantum along with our ground breaking NGD™ technology could help Chinese solar companies achieve their ambitious goals.”
Headquartered in Vancouver, British Columbia, Quantum Solar Power Corp. is developing a “Next Generation Device” (NGD™) photovoltaic technology. The Company’s NGD™ is a patent pending, laboratory model that uses a new approach to solar power conversion with the potential to remove the requirement of using expensive silicon semiconductor-based technologies. The Company believes their NGD™ technology has the potential to match the efficiency of crystalline silicon PV at the cost of thin film PV. The anticipated NGD™ technology is free of any rare element dependencies found in other modern-day solar technologies. The Company believes they have the potential to create solar cells (via manufacturing collaborations) at substantially less cost per watt than current technologies. Quantum Solar Power Corp. has offices in the United States and Canada.
For more information visit: www.quantumsp.com
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