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QuantumSphere Continues to Ramp Growth in Key Energy Markets; Appoints Financial
Veteran to Newly Created Post of Controller
FOR IMMEDIATE RELEASE
Santa Ana, CA – August 22, 2006 – QuantumSphere, a leading manufacturer
of nanoscale metals and alloys for applications in renewable energy and other
markets demanding advanced materials, has announced the appointment of Stephen
Gillings to the newly created position of Controller.
“Mr. Gillings brings a critical dimension to our senior management team
as we ramp our growth in response to significant customer demand for our products,
continue to file groundbreaking patents on nano electrode devices for clean-energy
applications, build strong relationships with major industry partners, and anticipate
substantial additional achievements in 2007 and beyond,” stated Kevin Maloney,
CEO, QuantumSphere, Inc. "His breadth and depth of experience with a wide range
of companies, including technology firms, will provide important expertise as
we move into our next stage of business development."
Gillings brings to QuantumSphere over 25 years of financial and accounting
management to the position, including experience with other high-technology
firms. Prior to joining QuantumSphere, Gillings served as CFO, Vice President
of Finance and Controller for I/OMagic, a provider of optical storage and digital
entertainment products based in Irvine, CA. His experience also includes the
position of Controller at Laser Medical Technology of San Clemente, CA.
Gillings received his BS in Accounting from the University of California
at Berkeley and an MBA in Finance from California State University Fullerton.
"The opportunity to be involved with a true innovator like QuantumSphere
and a technology that has the potential to transform core markets like clean-energy
is extremely exciting,” stated Gillings. “I look forward to contributing
to the company’s financial management as we evolve and grow. My goal
will be to help implement the financial systems and processes necessary to
optimize the performance of an entrepreneurial organization on a fast growth
track"
QuantumSphere is focused on the development and commercialization of disruptive,
low-cost, efficient, clean-energy solutions with applications in batteries,
fuel cells, photovoltaics and hydrogen generation. These applications encompass
very large, global markets with the potential to revolutionize the world energy
landscape.
About QuantumSphere, Inc
QuantumSphere is a manufacturer of nanoscale metals and alloys for applications
in portable power, renewable energy, electronics, aerospace, defense and other
markets demanding advanced materials. QuantumSphere’s proprietary technology
enables the production of ultra-pure, highly uniform nanometals and alloys
under 50 nanometers in high volume at commercial prices with the potential
to be utilized in a large number of new applications. QuantumSphere has also
created an extensive intellectual property portfolio around its process capabilities
and end-use commercial applications. QuantumSphere seeks to leverage its market
position to manufacture and ship high-performance catalyst materials and electrode
devices for clean-energy applications such as batteries and micro fuel cells
for portable power and hydrogen generation through electrolysis, among others.
QuantumSphere also works closely with leading universities by funding research
to validate QuantumSphere-Nano materials and generate licensing rights to intellectual
property for disruptive high-value commercial applications. For more information,
please visit www.qsinano.com.