Quantum Energy Corp., a worldwide licensee and manufacturer of direct energy systems for the direct generation and distribution of electrical energy, has finalized its first licensed distributor agreement with Viridis Energy Partners Inc. of Monroe.
Viridis is headed by veteran power and electrical executive Keith Masserant, and Michigan finance and business leader Paul Swinkey. Masserant operates Mid-American Group of Newport, located south of Detroit. It is a nuclear energy contractor and electrical service company employing more than 500 people.
The agreement means Viridis can now offer its customers the entire Quantum product line of more than 400 products and services. The company will also be involved in commercial testing of the new Quantum solar (photovoltaic) product line, which is an ultra-lightweight (about 15 percent of the weight of a monocrystalline) solar panel that does not require the use of glass.
The Quantum licensed technology is AI controlled, deployed, and cleaned daily through automation and requires no structural modification or physical penetration of roofs or exterior structures for installation.
The solar system is part of Quantum’s direct energy system, is fully rebuildable and recyclable. The company has large-scale field-testing programs for Michigan, California, Arizona, Washington, and Ohio.
Revenue from the agreement consists of a license fee to Quantum of $500,000 with an additional $1,500,000 in stocking inventory of Quantum Direct Energy System products. The distributor license covers the following Michigan counties on a non-exclusive basis:
- Hillsdale
- Ingham
- Jackson
- Lenawee
- Livingston
- Macomb
- Monroe
- Oakland
- Washtenaw
- Wayne
Viridis will be announcing its office and facility location within the month, while Quantum will be announcing the opening of its first Michigan service facility and offices by the end of this month, says Paul Swinkey, president of Viridis.
“All of us at Viridis are extremely pleased with our new licensing rights,” says Swinkey. “The Viridis team has worked with Quantum for over three years on this opportunity. Our professionals, which include master electricians and professional engineers, are very pleased with Quantum energy systems and product quality. Our customers are excited about the installed systems, ongoing installations, and expanded opportunities to bring Quantum products and services to the larger market.”
