QSolar Limited Receives Initial Order for US$450,000 of Specialty Solar Products - Video News Alert on InvestmentPitch.com

September 26, 2014 11:26 AM EDT | Source: InvestmentPitch Media

Vancouver, British Columbia--(Newsfile Corp. - September 26, 2014) - QSolar Limited (CSE: QSL) (FSE: Q2O) has signed a one year non-exclusive distribution agreement for its off-grid emerging specialty solar products with Worldwide Sun LLC. Worldwide has now provided negotiated deposits on two initial and significant container orders to be sent to the U.S. totalling approximately USD $450,000. This significant initial order will assist in meeting and exceeding QSolar's expectations for third quarter sales as well as gross margin targets.

InvestmentPitch.com has produced a "video news alert" which provides a brief overview of QSolar. If this link is not enabled, please visit www.InvestmentPitch.com and enter "QSolar" in the search box.


If you cannot view the video above, please visit:
http://www.investmentpitch.com/video/0_y6zxtb8i/Qsolar-Limited-CSE-QSL-FSE-Q2O-Signs-Agreement-with-Worldwide-Sun-LLC

QSolar is headquartered in Calgary, Canada with offices in London and manufacturing operations in Shanghai.

QSolar's specialty products were developed utilizing the QSolar proprietary trade secret based Spraytek99 and ESS embedded production process which opened a wide range of new applications in the solar energy market which are proprietary, unique and leading edge. QSolar's 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.

Phoenix, Arizona-based Worldwide Sun is a private company that has been developing new special relationships in this new emerging off-grid market with certain retail golf car distributors and local golf courses, as well as large U.S. consumer retail chains and solar sub-distributors in the survival, outdoor hunting and living industry and those that wish to have off-grid lifestyles.

The first U.S. specialty product container orders for Worldwide are currently being manufactured which include QDrives, solar boxes and a HLP-4KW portable power plant unit.

Andreas Tapakoudes, CEO of QSolar stated: "QSolar's new specialty product lines above are examples of the unique features, flexibility, and capabilities of its proprietary technology. Development of off-grid solar products will enable QSolar to enter into these emerging solar sectors with the assistance of distributors such as Worldwide that understand that off-grid solar solutions and markets that were non-existent, inadequate, or the applications deemed to be impossible with standard glass solar panel technology, and are now available on a cost effective basis with QSolar technology. These new off-grid emerging markets that QSolar is targeting have little or no competition, are potentially very large as no solutions exist, and have extremely attractive margins compared to traditional markets. QSolar is developing a unique suite of solar panel product supply to address lifestyle and environmental conditions, and to meet specific needs and solutions in this new emerging solar energy marketplace. With the availability of supply of alternative off-grid power, and having a constant continuous supply of uninterrupted power on a cost effective basis, QSolar and Worldwide believe this Agreement will assist to secure and underpin each party's growth and development strategy."

The shares are trading at $0.36, and with 73.7 million shares currently outstanding, the company is capitalized at $26.5 million.

For more information, please visit the company's website www.qsolar.net or contact Preston Maddin, CFO at 403-617-0000 or email preston@qsolar-limited.com. Investor relations is handled by Gary Perkins at Tekkfund Capital, who can be reached at 416-882-0020 or email garyperkins@rogers.com.

About InvestmentPitch

InvestmentPitch.com, a multimedia company that provides a combined solution for creating and hosting financial video content, and distributing it across multiple platforms to investors and financial professionals, specializes in producing short three minute videos based on significant news releases and research reports.

CONTACT:
InvestmentPitch.com
Barry Morgan, CFO
bmorgan@investmentpitch.com

info