Quantum Materials appoints company founder as chairman and CEO
Quantum Materials Corp, a leading developer and manufacturer of quantum dots and nanomaterials based in San Marcos (TX), USA, announced that its founder and Asia CEO Stephen Squires has returned to helm the parent company as chairman and CEO, replacing outgoing CEO and director Sri Peruvemba.
“Sri did a great job in elevating awareness of Quantum Materials throughout the broader display industry,” said Squires. “We are now moving our best materials into high-volume production and working closely with our film partners to develop market-ready products. Our proprietary volume QD production process is fulfilling its promise to deliver quantum dots at favourable price points and at a scale unequalled by our competitors’ batch processing methods.”
“Stephen founded Quantum Materials Corp over eight years ago with a powerful vision of nanomaterials as the extraordinary and enabling materials they are today,” said Dr. Ghassan Jabbour, lead director of Quantum’s board. “Quantum Materials’ focus on developing its high volume QD manufacturing process in order to produce quantum dots at extremely competitive price points is a successful formula that is coming to fruition.”
Squires concluded: “In response to many of our concerned shareholders, I also want to clarify that I do not intend to pursue most of the items in the most recent proxy filing, including the reverse split, preferred shares, nor the move to incorporate in Delaware.”