News Article
QSolar Receives Chinese Okay
QSolar's Chinese Subsidiary qualifies for 17% export incentive
QSolar Limited announced that its new subsidiary in Shanghai has qualified for the Chinese export incentive at the 17% maximum rate of the dollar value of its proprietary solar panel exports from China.
Andreas Tapakoudes, President & CEO of QSolar commented "This is a very significant development for QSolar as the 17% incentive represents a net increase in the Company's margins and will provide us with an even better pricing advantage and lead to higher profitability. The combination of our proprietary technology, low cost unique manufacturing processes and the 17% rebate incentive will enable QSolar to compete in any market and increase our market presence worldwide.
In addition, QSolar announces that it has retained Dricus de Rooij as head of the Company's Shanghai operations. Mr. de Rooija brings related industry experience to QSolar, most recently as a director of Kisun Renewable Energy Industries Ltd. in Shanghai and prior to that he was a service segment manager with Hewlett Packard in the Netherlands. Mr. de Rooij's educational background includes a B.Sc. from Zuyd University in Maastricht, Netherlands, in European studies and a M.Sc. in International Business from the IESEG School of Management, Lille France.
Dricus de Rooij commented, "In an industry where most solar products are standardised, QSolar distinguishes itself with unique solar panel designs and manufacturing technology that will significantly reduce the production costs of solar panels. I'm pleased to be in a position to contribute to the expansion of QSolar's manufacturing and to manage their growing production facilities in China."
