Sydney - Thursday - March 11: (RWE) - Quantum Energy Ltd has received notification from the Chinese Central Government that its approval will be forthcoming by the end of the month for Quantum's Shandong subsidiary to be admitted to the Torch Program. This program allows the products sold by Quantum to be labeled as certified and endorsed by the Government Torch Program. The Government endorsement means Government enterprises will no longer need to trial Quantum's products. Quantum expects this to accelerate the adoption of its products across China. Benefits of the program include low interest loans arranged by the Government in order to produce the products. The company will have initial access to funding of up to $8.5 million.
QTM Price at posting:
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