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QS Energy, Inc. (OTCQB: QSEP) offers patent-protected industrial equipment to enhance crude oil pipeline performance globally. Collaborating with key industry players, the company addresses significant capacity gaps in older pipeline infrastructures. These solutions focus on energy efficiency, providing clean tech solutions for upstream, midstream, and gathering sectors, supporting sustainability efforts in the energy industry.
QS Energy (OTCQB:QSEP) is finalizing negotiations for multi-year, government-backed lease agreements to implement its Applied Oil Technology (AOT) in Southeast Asia, the Pacific, and West Africa. The AOT technology reduces crude oil viscosity, increasing pipeline throughput by a minimum estimated 10% while decreasing energy consumption and emissions.
The company is structuring 10-year lease-to-own agreements that will provide sustained revenue streams. The business model includes lease and mobilization revenue, with payments backed by third-party financial institutions. AOT units are designed and manufactured in the United States, positioning QS Energy as a leader in energy technology innovation.
The company is also in discussions with Temple University regarding long-term intellectual property and licensing agreements. QS Energy anticipates upcoming milestones including the finalization of lease agreements, completion of financing approvals, and manufacturing launch for initial AOT unit deliveries.
QS Energy (OTCQB:QSEP) reports significant progress in its commercial activities and strategic initiatives for 2024. The company has expanded its Applied Oil Technology (AOT) systems into Southeast Asia and South Asia markets, moving from exploratory phases to contract issuance. QS Energy is advancing discussions with a U.S. government-supported financial institution for global trade financing to support customer expansion.
The company is working to resolve legacy licensing fees with Temple University and has achieved key milestones including establishing strategic partnerships for commercial AOT operations and signing an MOU for Southeast Asia deployment. These developments position QS Energy for accelerated growth in 2025.
QS Energy (OTCQB:QSEP) has announced a significant milestone through signing a consortium-based Memorandum of Understanding (MOU) with the Australia Asia India Business Organization (AAIBO). The agreement expands beyond the initial Malaysia focus to include state-owned oil and gas companies across eight countries: Malaysia, Vietnam, Philippines, Indonesia, Thailand, Australia, Bahrain, and Saudi Arabia.
The partnership enables deployment of QS Energy's Applied Oil Technology (AOT) devices across the consortium's pipeline networks, with plans for an initial 200 AOT units within an estimated 5-year period. The technology aims to reduce crude oil viscosity and transport costs. All AOT devices will be manufactured in the United States, contributing to domestic job creation.
QS Energy, Inc. (OTCQB:QSEP) has signed a Memorandum of Understanding (MOU) with VIPS Petroleum, advancing their partnership with a leading Southeast Asian energy producer and its state-owned oil and gas This MOU sets the stage for commercializing QS Energy's Applied Oil Technology (AOT) unit. The agreement is structured as a wholesale pass-through agreement, facilitating integration of the AOT unit into the region's energy infrastructure.
The MOU outlines a three-tier revenue model comprising upfront payments, sales and lease agreements, and royalty and ancillary revenues. This model secures long-term financial growth for QS Energy while protecting its intellectual property. The company anticipates formally announcing the identity of the major customer in the coming weeks, solidifying both wholesale and retail aspects of the agreement.
QS Energy Inc. (OTCQB:QSEP) and VIPS Petroleum have announced a strategic partnership to enhance oil transport efficiency. The collaboration involves the deployment of QS Energy's Applied Oil Technology (AOT) device to VIPS Petroleum's customers. Key highlights include:
1. Customer contracts expected to be finalized in August/September 2024
2. AOT device deployment anticipated in Q4 2024-Q1 2025
3. Each AOT unit expected to generate annual revenues in single-digit millions
4. Minimum order of 5 units per customer
5. VIPS granted 6-month exclusivity rights in Malaysia, Singapore, Australia, Bahrain, Saudi Arabia, and Thailand
This partnership follows QS Energy's recent steps towards commercial deployment of AOT, emphasizing the company's commitment to shareholder value and industry leadership.
QS Energy (OTCQB:QSEP) announced the signing of a Letter of Intent (LOI) with VIPS Petroleum on June 11, 2024. This partnership aims to deploy QS Energy's Applied Oil Technology (AOT) device to enhance operational efficiency for VIPS Petroleum's customers. The agreement includes a timeline for the deployment, starting with a Memorandum of Understanding (MOU) and collaboration agreement in June 2024. A customer contract is expected by July/August 2024, and the AOT device deployment will occur between September and the end of the year. The device must meet performance goals during an initial 30-day evaluation period before full-scale deployment. The collaboration is expected to improve efficiency and sustainability in oil transportation, boosting QS Energy's market position and investor confidence.
QS Energy (OTCQB:QSEP) provided an update on its Applied Oil Technology (AOT) testing, confirming an 80% correction of necessary improvements for reliable AOT performance. Recent tests achieved high voltage in both air and oil without anomalies, suggesting previous issues were insulation failures. Laboratory results indicated that the oil sample could withstand up to 40 kV. Discussions with development partners have resumed, aiming for further field tests with actual pipeline oil. Completion of final design criteria for the new grid pack is underway.
QS Energy, Inc. (OTCQB:QSEP) provided an update on its Applied Oil Technology (AOT) testing, revealing key findings that impacted previous demonstration outcomes. Arcing incidents were identified due to damaged electrical insulation in the original grid pack, limiting achieved voltage. The company replaced the grid pack to improve reliability and observed improved performance in recent tests. Discussions highlighted ongoing design changes to address identified issues, aiming for a future demonstration test with a development partner.
QS Energy, Inc. (OTC PINK:QSEP) has announced its restoration to OTC Current status following the acceptance of its Q2 filings for the period ending June 30, 2021. This development allows the company to refocus on testing its Applied Oil Technology (AOT). Recent tests have identified 'design challenges' affecting AOT's performance, with ongoing evaluation aimed at optimizing the technology. The company plans to disclose further findings based on its current testing.
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