Quantum Materials Corp (OTCMKTS:QTMM) Secures $9.75M in Financing

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Quantum Materials Corp (OTCMKTS:QTMM) shares were down 4.68% on Monday to $0.0105 and flat in after-hours trading. Share prices have been trading in a 52-week range of $0.07 to $0.20. The company has a market cap of $34.08 million at 336.87 million shares outstanding.

Quantum Materials Corp is a nanotechnology company that specializes in the design, development, production and supply of nanomaterials, including quantum dots, tetrapod quantum dots and other nanoparticles. Its nanomaterials are used for a range of applications in televisions, displays and other optoelectronics, photovoltaics, solid state lighting, life sciences, security ink, battery and sensor sectors of the market.

QDs are semiconductor nanoparticles between 2 and 10 nanometers in diameter. QDs emit light or electrons when excited with energy, such as light or electricity. A high performance variant of QDs is TQDs, which have a molecular configuration consisting of a center portion and four arms extending from the center that are equally spaced in three dimensions. The Company’s subsidiary, Solterra Renewable Technologies, Inc., is focused on the photovoltaic or solar cell market.

In a press release this week, Quantum Materials Corp announced that it is shipping high performance red and green cadmium-free quantum dot sample sets to display film manufacturers. These are made of eco-friendly material that enables energy efficient, ultra-bright displays with a significantly expanded color gamut at a lower cost than competing technologies.

Demand for quantum dot-enabled TVs and displays is growing rapidly,” commented Quantum Materials Corp CEO Sri Peruvemba. “Our materials, combined with the efficiency and scalability of our continuous flow production technology, makes us uniquely situated to meet the demand regardless of how fast it grows.”

Quantum Materials Corp also announced that it recently entered into a $9.75 million common stock purchase agreement and registration rights agreement with an existing institutional investor. Under the terms of the agreement, the company will have the right and the sole discretion to sell up to $9.75 million worth of common stock to the investor over a 36-month period and will control the timing and amount of any future investment.

I believe we have exceptional materials, unequalled manufacturing technology, a great partner in Uniglobe Kisco, Inc., and also the financing to bring our advanced materials to market. Our plan remains to begin shipping commercial quantities of quantum dots in the first part of 2017,” remarked CEO Sri Peruvemba.

Uniglobe Kisco Inc is a copmany that supplies a full range of products and services to the electronics, chemicals and plastics manufacturing industries. It is the US-based subsidiary of KISCO LTD. of Tokyo, Japan.

“It’s exciting to be partnering with Quantum Materials in this revolutionary display material technology. Our own rigorous testing has shown product specifications for their cadmium-free quantum dots to be at or beyond what is currently available in the market today, and their innovative high-volume production technology gives us confidence in the company’s ability to fulfill demand as the market for quantum dot-enabled films for displays grows,” mentioned Uniglobe Kisco Inc President Kenji Shimada.

The daily chart of Quantum Materials Corp stock shows that price just bounced off the support at $0.10 and could make its way back up to the next resistance at $0.15 if momentum keeps up. Stronger bullish pressure and volumes could lead to a climb up to the yearly high at $0.20.

DISCLAIMER: There is a substantial risk of loss with any speculative asset, especially small cap stocks. The opinions expressed are those of the author, and do not constitute recommendations to buy or sell a stock. Do your own research before committing capital.