Qsolar Ltd. QSLRF

RE:Warranty is only 10 years.

[mzsmith]

Just joined July 13th to add your insightful comment?? Ok, I'll bite - even though you do Kevin a great disservice using his name. 

On Q's latest product sheets they state a 10 year product warranty. If you read further, they also state that because of their unique technology the residual stresses are reduced, extending the module's lifetime up to and even over 25 years.

When you say the standard in the industry is 25 what do you mean... materials, workmanship, output... all of the above. Popular industry warranty seems to be 10 yrs for for materials and workmanship and 25 yrs for output. The latter (output) has proven not true in several cases... First Solar's warranty issues come to mind in hotter climates where their panel output drops due to issues casued by increased temperatures. It is also widely thought that the 25 year output is really more about securing financing for roof top installations. Most PV roof top installations are installed on roofs that don't last 25 yrs so what does a 25 yr warranty mean in this case... will it ever be used/tested?

For solar farms you usually/should get some form of output performance insurance to make a project bankable... which Q received back in Dec 2012 for their product line. See link below.

https://www.theglobeandmail.com/globe-investor/news-sources/?mid=NLK.20121227.00020839

From recent news releases, Q's desert testing is proving that their polymer panels output is better and outpaces their glass counterparts. This increases over time as glass panels degrade faster due to heat/material issues. The panels they are testing can be used for solar farms. If you call the MENA region, which is expected to invest over 50Billion by 2020 in solar... niche then I guess you are correct?? Or the emence rooftop real estate that can't handle the weight of a glass panel niche... then you need to do some more DD (hint start in India or China).... or the potential size of automous solar powered golf cart market... 

However, if Q's products were only applicable to niche markets I'd be ok with this because margins are multiple times better than rooftop or solar farms and market size is growing quickly. So good of you to point out that they are well positioned there.

The flexibility of Q's technology allows it to compete in both the traditional PV market and the growing consumer markets and niche markets... QSS, Golf cart and drones. It all works for me.

If you are interested in investing in the company, but have concerns I encourage you to call them - I've always found them more than willing to answer any and all questions.

GLTA