Quantum Materials Corp selects Austin, Texas for new R&D Labs

KINGSTON, Okla., April 22, 2013 /PRNewswire/ -- Quantum Materials Corporation (OTCQB: QTMM) has chosen the greater Austin area in Texas to relocate headquarters and to establish the company's R&D labs. After considering attractive proposals from Texas, North Carolina and Florida, Quantum Materials Corp. (QMC) has decided that Austin's "Silicon Hills" offers superior business advantages to emerging companies in both the nanotech and biotech fields.

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As part of the location assessment, Quantum Materials Corp. management team met this month with Texas Governor Rick Perry's Economic Development Staff to discuss available programs and incentives. Texas has several programs available to emerging technology companies willing to relocate to Texas and/or collaborate with Texas institutions.

Stephen Squires, Quantum Material's President commented, "We anticipate our new facilities will expedite our commercial growth by providing optimal manufacturing resources and a synergistic collaboration among QMC, nearby nanotech businesses and Texas research universities."

MarketsandMarkets 2012 Quantum Dot Global Forecast predicts total QD sales of $7.48 Billion by 2022 due to the wide range of potential QD applications. Quantum Materials believes that its provision of an accessible supply of tetrapod quantum dots enables potential joint-venture partners to now reliably plan financially promising business operations for revolutionary quantum dot products.

About Quantum Materials Corporation, Inc. and Solterra Renewable Technologies, Inc.

QUANTUM MATERIALS CORPORATION, INC. has a steadfast vision that advanced technology is the solution to global issues related to cost, efficiency and increasing energy usage. Quantum dot semiconductors enable a new level of performance in a wide array of established consumer and industrial products, including low cost flexible solar cells, low power lighting and displays and biomedical diagnostic applications. QMC's volume manufacturing methods enables cost reductions moving laboratory discovery to commercialization. (http://www.qmcdots.com)

SOLTERRA RENEWABLE TECHNOLOGIES, INC. is Quantum Materials Corporations' wholly owned subsidiary, singularly positioned to lead the development of truly sustainable and cost-effective solar technology by introducing a new dimension of cost reduction by replacing silicon wafer-based solar cells with high-production, low-cost, efficient, flexible thin-film Tetrapod Quantum Dot solar cells. (http://solterrarenewable.com)

Safe Harbor statement under the Private Securities Litigation Reform Act of 1995

This press release contains forward-looking statements that involve risks and uncertainties concerning our business, products, and financial results. Actual results may differ materially from the results predicted. More information about potential risk factors that could affect our business, products, and financial results are included in our annual report and in reports subsequently filed by us with the Securities and Exchange Commission ("SEC"). All documents are available through the SEC's Electronic Data Gathering Analysis and Retrieval System (EDGAR) at http://www.sec.gov/ or from our website. We hereby disclaim any obligation to publicly update the information provided above, including forward-looking statements, to reflect subsequent events or circumstances.

Contact:
Art Lamstein
Director of Marketing
Quantum Materials Corporation
[email protected]

SOURCE Quantum Materials Corporation