Quantum Materials appoints new CEO

Sri Peruvemba, new CEO of Quantum Materials

The leading quantum dot manufacturer Quantum Materials Corporation (San Marcos (TX), USA) announced that company board member Sri Peruvemba will be expanding his leadership role with the company to take the helm as Chief Executive Officer effective 30 June 2016. While founder and current CEO Stephen Squires will continue to have a strategic role, this change will enable Squires to focus more effort on Solterra Renewable Technologies, the wholly-owned subsidiary developing solar cells where QMC’s proprietary tetrapod technology offers promise to be a predominant QD photovoltaics technology. In addition, Squires will continue his role as CEO of Quantum Materials Asia Co., Ltd., the company’s joint venture with Guanghui Technology Group (“GTG”) announced in January 2016.

“Since joining Quantum Materials as a director, Peruvemba’s deep knowledge and experience in the display industry has been crucial to advancing opportunities for the company in our most important and immediate market – quantum dots for next-generation displays,” said Quantum Materials Corp founder and CEO, Stephen Squires. “We are excited to have him expand his role with us as Chief Executive Officer and welcome his ‘display-centricity’ as it is precisely that focus which will drive our success in delivering superior non-heavy metal quantum dots to our current and future clients.”

“Our company is making great progress with product development and the market conditions are right for rapid growth in quantum dot technology for electronic displays,” said Daniel Carlson, chairman of the board. “With Sri and Stephen leading key initiatives for the company, we are well poised to grow Quantum Materials Corp within the display industry while positioning the company to be a market leader as other uses for quantum dots begin to commercialise.”

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