Quantum Solar Power Corp. has adjusted its operating strategy. Quantum plans to reduce administrative costs in order to focus more of its resources on research and development.

In order to assist Quantum in achieving its new operating goals, Stephen Pleging resigned as Quantum's president, CEO, chairman and as a director in order to assist Quantum in cutting non-research costs. Pleging remains a strong believer in Quantum's technology and is prepared to be involved as a consultant once the development of its NGD(TM) solar device reaches the appropriate stage. In addition, Stella Guo resigned as Quantum's vice president of Corporate Development and as a director in order to assist Quantum in its efforts to reduce administrative costs to increase its research and development activities. When the NGD(TM) Technology is ready for licensing and commercial deployment, Ms. Guo will discuss with management and the Board of Directors whether they would like her to provide consulting services to assist Quantum in strategic planning, developing strategic partnerships and facilitating agreements with Asian manufacturing partners.

Quantum has appointed Dr. Andras Pattantyus-Abraham as president and CEO in addition to his role as chief technology officer. Daryl Ehrmantraut, Quantum's CEO, will manage the business related activities of Quantum so that Dr. Pattantyus-Abraham can focus primarily on the research and development aspects of Quantum's NGD(TM) Technology.