Canada’s Qsolar shipped a record number of its proprietary Spraytek79 solar panels to European customers during the final quarter of 2010. The final sales total of US$600,000 was a more than 100% increase on the Q3 figure.
This success has carried on into 2011, with Qsolar already securing letters of intent covering the full production capacity of the contracted manufacturing facility. The panels are produced in China using its patented Spraytek manufacturing process.
The Spraytek panels were sold with positive tolerance, meaning that customers will get a guaranteed output which can be up to 5% more than the specified figure. Contrastingly, most of Qsolar’s competitors were bringing panels to market with tolerances +-3% of the official output.
QSolar has also recently gained a listing on the Canadian National Stock Exchange. It started trading on March 25, 2011 under the symbol QSL.