Quantum Energy Corporation Announces Completion of Second Licensed Distributor Agreement with Viridis Energy Partners
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Harry Ewert, Quantum Division President, represented and closed the transaction for the Company.
Viridis has now executed and paid for a non-exclusive Quantum Licensed Distributorship for
Viridis is headed by veteran power and electrical executive Keith Masserant, and seasoned
Revenue from the Agreement is in the form of a License Fee to Quantum of
Viridis will announce its office and facility location in April of this year. Quantum currently operates two facilities in
Viridis will offer the entire Quantum product line, which now exceeds 400 products and services.
As previously announced, Viridis will also be involved in commercial testing of the new Quantum solar (photovoltaic) product line, the first ultra-lightweight (about
All products manufactured by Quantum and offered for sale will be certified by Underwriters Laboratory and the Canadian Standards Association for use.
“Viridis intends to grow with Quantum, and we are extremely pleased to now own a Quantum Distributorship in
Chief Operating Officer Craig Kitchen stated, “This is our second contract with Viridis. Quantum was in need of a licensed distributor in
Division President Harry Ewert stated, “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
About Quantum Energy Corporation
Quantum is the worldwide exclusive licensee and manufacturer of the Quantum Direct Energy System, a transformative photonic, magnetic propulsion engine, capacitor and battery energy system for directly generating and distributing electrical energy for industrial, institutional, commercial, governmental, remote and residential installations. Quantum’s unique and patent-pending technologies combine the very best uses of photonic, magnetic and rare earth processing and manufacturing, turning the future from solar power to the new frontier of Photon Power.
Forward-Looking Statements
Certain statements contained in this press release are forward-looking statements and are based on future expectations, plans, and prospects for our business and operations and involve a number of risks and uncertainties. Important factors could cause events or our results of operations to vary significantly from our forward-looking statements. The forward-looking statements in this release are made as of the date hereof and we disclaim any duty to supplement, update or revise such statements on a going forward basis.
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Source: Quantum Energy Corporation
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