Company strengthens biotech research capabilities with the appointment of Todd K. Malan, M.D. as Senior Vice President of Clinical Research
Advances in “medical grade” quantum dot technology may enable faster, more accurate quantifiable testing for COVID-19 and possible applications in dozens of other disease states
San Marcos, Texas – December 22, 2020 -- QDX HealthID™ Incorporated, a wholly owned subsidiary of Quantum Materials Corp. (OTC Bulletin Board: QTMM), today announced that it has changed its name to QMC HealthID™. The name change came as a strategic initiative to leverage the organization’s relationship with its parent company Quantum Materials Corporation, a leading nanomaterial and cadmium free quantum dot manufacturer. Promising research utilizing quantum dot technology shows the potential for COVID-19 testing to be made faster, easier to use and more accurate.
As a result of these recent advances, QMC HealthID took the added step to strengthen its executive team with the appointment of Todd K. Malan, M.D. as senior vice president of clinical research. Dr. Malan will focus on leading the firm into the next generation of quantitative testing. Dr Malan’s background includes health diagnostics, medical informatics, applied biotechnology and use of quantum dots and nano particles across a number of healthcare initiatives.
“The potential impact that quantum dot technology could have on enhancing test technology for COVID-19 as well as other infectious diseases is significant. We could see improved accuracy, speed and ease through the use of nanotechnology. Additionally, with the embodiment of our QDX quantum dots into the test kits, we can extend the utility of our authentication and tracking technology to reduce the chances of counterfeit test entering the supply chain,” said Stephen B. Squires, CEO of QMC HealthID Incorporated. “Given these advances in research, it made sense from a branding standpoint to emphasize the relationship between QMC HealthID and Quantum Materials and decided changing the company’s name to QMC enhanced the connection. Now, with Todd on board, we have the expertise to truly advance care through the innovative use of quantum dot technology.”
Quantum dots are nanoparticles, which – due to their unique physical and chemical properties – are promising in the field of drug and biomarker research. Quantum dots can synthesize in the form of nano-islands on various substrates, which can be used as single-photon emitters in electronics for storing information, as well as in the form of colloidal quantum dots, which can be used for diagnostic and potential uses in other health and wellness application areas.
“The grand challenge for the future of medicine is to learn to harness technology in ways that we gain greater precision through personalizing our approach,” said Dr. Malan. “Quantum dots allows us to work at the cellular level to enhance our diagnostic skills and to create therapies that are so specific as to target the underlying issues at the cellular level.”
About QMC HealthID
QMC HealthID Inc., a wholly owned subsidiary of Quantum Materials Corp. (OTC Bulletin Board: QTMM), leverages its QMC technologies to address global health challenges spurred by current and future pandemics. The QMC HealthID management platform and mobile app authenticates infectious disease testing and personal health status. Six out of the 12 rapid-result antibody tests currently granted FDA Emergency Use Authorization as well as Innova Medical, the foremost global producer of COVID-19 Antigen tests, can utilize QMC HealthID’s mobile test reporting app. These tests along with the mobile app are designed to test for COVID-19, with benefit towards helping people get safely and securely back to work, school, travel, events and living.
For more information, please visit www.qmchealthid.com.
About Quantum Materials Corp
Quantum Materials Corp. develops and manufactures quantum dots and nanomaterials for display, solar energy, and lighting applications through its proprietary high-volume continuous-flow production process. Combined with its proprietary blockchain technology, QMC’s unique quantum dots are also used in anti-counterfeit applications. QMC's volume manufacturing methods enable consistent quality and scalable cost reductions to provide the foundation for technologically superior, energy-efficient, and environmentally sound displays, the next generation of solid-state lighting and solar photovoltaic power applications. For more information, visit Quantum Materials Corp at www.quantummaterialscorp.com.