CORRECTING and REPLACING Quantum Power Company Pronounces Crowning glory of 2d Approved Distributor Guarantee with Viridis Power Companions
Article content material
PHOENIX — The ticker within the loose dated March 12, 2024 must learn: (OTC: FLCX).
The up to date loose reads:
Article content material
QUANTUM ENERGY CORPORATION ANNOUNCES COMPLETION OF SECOND LICENSED DISTRIBUTOR AGREEMENT WITH VIRIDIS ENERGY PARTNERS
Quantum Power Company (OTC: FLCX), (“Quantum” or “the Company”), a global unique licensee and producer of the transformative Quantum Direct Power Machine for the economic, govt and client power markets, nowadays introduced it finalized a 2nd Approved Distributor Guarantee (“Agreement”) with Viridis Power Companions, Inc. (“Viridis”). The Guarantee was once completed on March 8, 2024.
Article content material
Harry Ewert, Quantum Section President, represented and closed the transaction for the Corporate.
Viridis has now completed and paid for a non-exclusive Quantum Approved Distributorship for Maricopa County, Arizona, which incorporates the Phoenix metropolitan branch. Viridis is the primary Quantum Approved Distributor in Arizona. Viridis could also be a Quantum Approved Distributor for Southeastern Michigan, together with the Detroit metro branch.
Viridis is headed via veteran energy and electric govt Keith Masserant, and seasoned Michigan finance and industry chief Paul Swinkey. Mr. Masserant operates Mid-American Team of Newport, Michigan, a world-leader nuclear power contractor and electric carrier corporate using greater than 500 family. The Viridis Arizona Distributorship will to begin with make use of a group of workers of about 25.
Income from the Guarantee is within the mode of a License Rate to Quantum of $500,000 with an alternative $1,500,000 in stocking stock of Quantum Direct Power Machine merchandise.
Viridis will announce its place of work and facility location in April of this life. Quantum recently operates two amenities in Arizona.
Viridis will deal all of the Quantum product layout, which now exceeds 400 services and products.
As prior to now introduced, Viridis can be interested in business checking out of the brandnew Quantum sun (photovoltaic) product layout, the primary ultra-lightweight (about 15% of the load of a monocrystalline) sun panel that doesn’t require the virtue of glass. The Quantum approved generation is synthetic perception managed, deploys and cleans thru automation day-to-day, and calls for refuse structural amendment or bodily penetration of roofs or external buildings for set up. The whole thing of the sun gadget, which is a part of a Quantum Direct Power Machine, is totally rebuildable and recyclable. The Corporate has large-scale field-testing systems i’m ready for California, Arizona, Washington, Michigan and Ohio.
All merchandise manufactured via Quantum and introduced on the market shall be qualified via Underwriters Laboratory and the Canadian Requirements Affiliation for virtue.
“Viridis intends to grow with Quantum, and we are extremely pleased to now own a Quantum Distributorship in Arizona, with more expansion planned,” stated Paul Swinkey, Viridis’ president.
Working Officer Craig Kitchen said, “This is our second contract with Viridis. Quantum was in need of a licensed distributor in Arizona, just on forward-looking installation contracts and the current installation backlog in Arizona. Viridis will provide Quantum with much-needed installation, product and service support in one of our home states.”
Article content material
Section President Harry Ewert said, “Quantum’s revenues continue to climb on distributor agreements, and the Company’s 240-month recurring revenue model is very popular with our customers. Customers paying zero upfront costs and equipment costs that are less than their current utility-derived power is driving interest in our Direct Energy Systems in the U.S. and Canada.”
About Quantum Power Company
Quantum is the global unique licensee and producer of the Quantum Direct Power Machine, a transformative photonic, magnetic propulsion engine, capacitor and battery power gadget for at once producing and distributing electric power for commercial, institutional, business, governmental, far off and home installations. Quantum’s distinctive and patent-pending applied sciences mix the perfect makes use of of photonic, magnetic and uncommon earth processing and production, turning the while from solar energy to the brandnew frontier of Photon Energy.
Ahead-Taking a look Statements
Positive statements contained on this press loose are forward-looking statements and are according to while expectancies, plans, and possibilities for our industry and operations and contain various dangers and uncertainties. Remarkable elements may motive occasions or our result of operations to alter considerably from our forward-looking statements. The forward-looking statements on this loose are made as of the future hereof and we reject any accountability to complement, replace or revise such statements on a in the future foundation.
View supply model on businesswire.com: https://www.businesswire.com/news/home/20240312343551/en/
Contacts
Investor and Media Touch:
Brett Maas, Managing Spouse
Hayden IR
(646) 536-7331
Brett@haydenir.com
www.haydenir.com
Twitter: HaydenIR
#distro
Percentage this text on your social community
