Quantum Materials Corp said that it has got Chemical Abstract Service (CAS) registration for its QDX cadmium-free quantum dots through a division of the American Chemical Society and has also completed the requisite analysis in support of the QDX Safety Data Sheet (SDS). Both CAS and the SDS are required in order to ship high volumes of advanced materials abroad, the firm said.
Toshi Ando, Quantum Materials Sr. Director of Business Development for Asia/Pacific said:
“Completing both the CAS registration requirements and the SDS for our materials is a significant milestone. The optical performance of our cadmium free quantum dots is arguably the best in the industry and has gained the attention of industry leading companies. With the CAS registry and SDS completed we are better positioned to respond to industry demand. Our collaboration partners played a critical role in our ability to complete this process quickly and efficiently.”
CEO Stephen Squires said:
‘With regard to the company’s filing status, I know there are many questions concerning timing for the company getting its requisite filings current. The mid-fiscal year complete change in executive management, the recent predatory lender lawsuits and the resignation of our prior independent auditors after year end in July 2017 have added to the complexities of completing the companies year-end audit. We are expending every effort to get these filings completed so that we can be compliant and get the Company back on the OTCQB. Based on discussions between our counsel and the OTC markets, once our filings are current and we provide a good standing certificate from the state of Nevada , we can request that our status will be upgraded from the pinks to the OTCQB,”
Analyst Comment
We reported on the company’s filing issues a couple of months ago. (QMC Updates Shareholders) when the company said that it didn’t have enough funds to go beyond development and we can’t find an update to that. (BR)
