Quantum Materials Corp. announced that it has received an initial $500,000 along with confirmation that the $500,000 balance payment is in process as part of the upfront license fee for the License and Development Agreement consummated with Amtronics CC. The license is the foundation for the establishment of large scale, low cost quantum dot production for the development and future commercial manufacture of: ultra-high definition display panels (UHDTV); solid state lighting (SSL) LED’s; and quantum dot driven thin-film solar cells (QDSC) in Assam, India. The Agreement provides Amtronics CC with the right to manufacture quantum dots and thin-film quantum dot solar cells for commercial supply in India, as well as the right to use the QDX™ trademark and technical data to support its marketing initiatives. Under the terms of the Agreement, in addition to the upfront license fee, QMC will also receive technology development funding, scheduled milestone payments and royalties on all quantum dots/solar cells produced. Initial construction has begun with the foundation test pilings now being completed and non-destructive testing now underway. The initially proposed 12,000 square foot facility has been expanded to cover 120,000 square feet and is anticipated to be completed in the fourth calendar quarter of 2019. The QMC nanotech-focused facility is being established as the anchor project within the recently announced Electronics Manufacturing Cluster in the Guwahati Tech City.