- Business
- Quantum Solar Power Corp. (QSPW) is a development-stage company focused on researching, developing, and commercializing next-generation solar power technology in Canada. The company develops its patent-pending Next Generation Device (NGD) technology, a photovoltaic solution that employs a novel approach to solar power conversion, eliminating the need for expensive silicon or rare earth semiconductors; it plans to generate revenues primarily through royalty-based licensing arrangements for these devices. Founded in 2004 by Desmond Ross and headquartered at 1055 West Hastings Street, Suite 300, Vancouver, British Columbia, V6E 2E9, Canada, the firm operates in the semiconductors and utilities sectors, targeting photovoltaic applications without current commercial production or sales. Previously known as Quantum Ventures, Inc., it changed its name to Quantum Solar Power Corp. in June 2008, with its principal executive offices relocated to Vancouver; no recent partnerships, funding rounds, acquisitions, new product launches, or significant operational changes have been reported in the last 1-2 years, as the company remains in the development phase with minimal activity reflected in its low market capitalization of approximately $15,000-$20,000 and share price around $0.0001.