Solar Thin Films, Inc. (OTCPK:SLTZ) entered into agreement to acquire Quality Resource Technologies, Inc. in stock on April 26, 2013. As a part of consideration, Solar Thin Films will transfer 50% issued and outstanding shares of Solar Thin Films to Quality Resource Technologies. Solar Thin Films intends to arrange to raise a total of $5 million pursuant to the sale of newly issued Solar Thin Films common stock, a minimum of $2 million to be raised within 60 days after the closing date and the balance to be raised within 150 days after the closing date. As of April 30, 2013, Solar Thin Films acquired 95% stake in Quality Resource Technologies and require shareholder approval of Quality Resource Technologies to acquire the remaining 5% stake in Quality Resource Technologies within 30 days.

Solar Thin Films, Inc. (OTCPK:SLTZ) completed the acquisition Quality Resource Technologies, Inc. on April 30, 2013.