Quantum Materials announced on Wednesday it had appointed Sri Peruvemba, the CEO of marketing services firm, Marketer International, to its board of directors. The company confirmed its board now had the sufficient number of independent directors to be compliant with NASDAQ regulations.
In its SEC filing, Quantum Materials said Mr Peruvemba was an “acknowledged expert” on electronic displays, touch screens, and related technologies. He has also held senior level positions at Sharp Corp, TFS, Planar Systems and Suntronic Technology.
The quantum dot manufacturer, who was listed by New Materials as the third global Quantum Dot company, is currently listed on the OTCQB exchange but has said in the past it hopes to achieve a “mainstream listing.”
The company confirmed that the addition of Mr. Peruvemba as an independent director meant that it had “a NASDAQ-compliant independent board of directors” and this further positioned “the company for a future major market listing.”
Mr Peruvemba will replace Chris Benjamin, who was has been on the company’s board since 2012.