Quantum Solar working device to be submitted for NREL certification in early 2012

VANCOUVER, CANADA: Quantum Solar Power Corp. has achieved a milestone in the development of their groundbreaking solar technology. Quantum’s first photovoltaic (PV) prototype suitable for performance characteristics testing will be submitted to the National Renewable Energy Laboratory (NREL) in early 2012 for certification.

Dr. Andras Pattantyus-Abraham and his team of 13 scientists at Quantum’s laboratory in Burnaby, British Columbia have been working for over two years toward a testable prototype of their groundbreaking approach to a next generation solar photovoltaic device. The NGD technology uses a novel approach combining a barrier oxide layer with a patent-pending absorber layer, replacing the traditional semiconductor layer used in crystalline silicon and thin-film photovoltaics.

Quantum’s approach eliminates rare elements used in thin-film PV at a cost that is projected to be significantly less expensive than current PV technology. Dr. Pattantyus-Abraham, CTO of Quantum said: “We think we have discovered an approach to solar PV design that is years ahead of the nearest research. We are optimistic that, once commercialized, we’ll be able to make a significant impact with our device on the role of solar energy as a true replacement to fossil fuel generated electricity.”

The National Renewable Energy Laboratory in Golden, Colorado is a premier independent laboratory that engages in testing the performance of commercial, developmental, and research photovoltaic devices. NREL is one of only two laboratories in the world that has International Organization for Standardization (ISO) 17025 accredited cell calibration. NREL’s role in verifying device performance for the PV industry, will serve as an important next step in Quantum’s research and development program.

Steven Pleging, CEO and president of Quantum, said: “This is a very important step in our product development. With NREL verification of an NGD prototype, we will obtain industry recognized data allowing us to begin our third phase of research and development: developing a commercial product. We believe, our PV device will be a significant achievement in making solar energy competitive with any other source of electrical energy.”