Quantum Energy, Inc. Announces Retirement of Chairman William Hinz
Quantum Energy (OTC: QREE) has announced the retirement of its Chairman and Director, William Hinz, who will now serve as Chairman Emeritus. The company, a global licensee of flywheel energy storage systems, energy conditioning systems, and rare earth material supply and manufacturing, appreciates Hinz's contributions in transforming Quantum into a prominent manufacturer of energy equipment.
CEO Harry Ewert highlighted the company's focus on manufacturing flywheel and energy conditioning products. Quantum plans a name change and branding effort, with new trademarks to be introduced by the month's end. An annual meeting to elect a new Board of Directors is scheduled by August 1, 2024, with detailed information to be provided to shareholders.
- William Hinz's retirement marks a transition to Chairman Emeritus, providing continuity.
- Quantum Energy has a strategic focus on manufacturing flywheel and energy conditioning products.
- The company is engaging in a name change and branding efforts, including new trademarks.
- An annual meeting will be held by August 1, 2024, ensuring shareholders are informed about corporate governance.
- The retirement of a key figure like William Hinz could create uncertainty in leadership.
- The announcement lacks specific financial data or performance metrics, potentially worrying investors.
- No immediate details on who will replace Hinz or specifics on how the company plans to achieve growth.
William Hinz, chairman of QREE, stated: “I have had the pleasure of helping to develop and transform this Company into a world class manufacturer of energy related equipment, which is a part of a broad effort to decentralize energy distribution. The Company is in a position to grow at a steady rate in the fully distributed energy market in
Harry Ewert, Chief Executive Officer of QREE, stated, “As QREE begins to focus on flywheel and energy conditioning product manufacturing, the Company cannot thank Bill enough for his tireless service, and hard work to bring the Company to this point in its commercialization.”
Ewert further stated, “The Company will continue to concentrate on its name change and branding efforts including a series of new Trademarks through the end of this month.”
QREE will be announcing an annual meeting to elect a new Board of Directors no later than August 1, 2024. Shareholders of record will receive detailed information via their chosen contact method by that date.
About Quantum Energy
Quantum Energy Inc. (OTC: QREE) is a fully distributed energy-focused company. Quantum’s project emphasis is on its licensed commercialized cleantech energy systems, which include flywheel and energy conditioning technology and will reduce the need for the use of aging and inefficient electrical grids and the widespread use of alternating current to direct current inverters, both of which contribute to massive energy losses worldwide.
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Quantum Energy Investor Relations Contacts:
Brett Maas
Managing Partner
Hayden IR
(646) 536-7331
brett@haydenir.com
Source: Quantum Energy Inc.
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