QS Energy Achieves Phase 4 Milestone with Southeast Asia’s Leading Energy Producer
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 (OTCQB:QSEP) ha annunciato una pietra miliare significativa attraverso la firma di un Memorandum of Understanding (MOU) basato su un consorzio con l'Australia Asia India Business Organization (AAIBO). L'accordo si espande oltre il focus iniziale sulla Malesia per includere le compagnie di petrolio e gas a partecipazione statale in otto paesi: Malesia, Vietnam, Filippine, Indonesia, Thailandia, Australia, Bahrain e Arabia Saudita.
La partnership consente il dispiegamento dei dispositivi Applied Oil Technology (AOT) di QS Energy attraverso le reti di pipeline del consorzio, con piani per un iniziale 200 unità AOT in un periodo stimato di 5 anni. La tecnologia mira a ridurre la viscosità del petrolio greggio e i costi di trasporto. Tutti i dispositivi AOT saranno prodotti negli Stati Uniti, contribuendo alla creazione di posti di lavoro domestici.
QS Energy (OTCQB:QSEP) ha anunciado un hito significativo al firmar un Memorando de Entendimiento (MOU) basado en un consorcio con la Australia Asia India Business Organization (AAIBO). El acuerdo se expande más allá del enfoque inicial en Malasia para incluir empresas estatales de petróleo y gas en ocho países: Malasia, Vietnam, Filipinas, Indonesia, Tailandia, Australia, Baréin y Arabia Saudita.
La asociación permite el despliegue de los dispositivos Applied Oil Technology (AOT) de QS Energy a través de las redes de oleoductos del consorcio, con planes para un total inicial de 200 unidades AOT en un período estimado de 5 años. La tecnología tiene como objetivo reducir la viscosidad del petróleo crudo y los costos de transporte. Todos los dispositivos AOT se fabricarán en los Estados Unidos, contribuyendo a la creación de empleos en el país.
QS Energy (OTCQB:QSEP)는 Australia Asia India Business Organization (AAIBO)와의 컨소시엄 기반 양해각서(MOU) 체결을 통해 중요한 이정표를 발표했습니다. 이 협정은 초기 말레이시아 중심에서 벗어나 말레이시아, 베트남, 필리핀, 인도네시아, 태국, 호주, 바레인, 사우디아라비아의 8개국 전역에 있는 국영 석유 및 가스 회사들을 포함합니다.
이번 파트너십은 QS Energy의 Applied Oil Technology (AOT) 장치를 컨소시엄의 파이프라인 네트워크에 배치할 수 있도록 하며, 초기 200개의 AOT 장치를 예상 기간 5년 이내에 설치할 계획입니다. 이 기술은 원유의 점도와 운송 비용을 줄이는 것을 목표로 하고 있습니다. 모든 AOT 장치는 미국에서 제조되며, 이는 국내 일자리 창출에 기여할 것입니다.
QS Energy (OTCQB:QSEP) a annoncé une étape significative en signant un protocole d'accord (MOU) basé sur un consortium avec l'Australia Asia India Business Organization (AAIBO). L'accord s'étend au-delà de l'accent initial mis sur la Malaisie pour inclure des entreprises pétrolières et gazières d'État dans huit pays : Malaisie, Vietnam, Philippines, Indonésie, Thaïlande, Australie, Bahreïn et Arabie Saoudite.
Le partenariat permet le déploiement des dispositifs Applied Oil Technology (AOT) de QS Energy à travers les réseaux de pipelines du consortium, avec des plans pour une première série de 200 unités AOT dans un délai estimé de 5 ans. La technologie vise à réduire la viscosité du pétrole brut et les coûts de transport. Tous les dispositifs AOT seront fabriqués aux États-Unis, contribuant à la création d'emplois sur le sol américain.
QS Energy (OTCQB:QSEP) hat einen bedeutenden Meilenstein mit der Unterzeichnung eines konsortiumbasierten Memorandum of Understanding (MOU) mit der Australia Asia India Business Organization (AAIBO) bekannt gegeben. Die Vereinbarung geht über den anfänglichen Fokus auf Malaysia hinaus und schließt staatliche Öl- und Gasunternehmen aus acht Ländern ein: Malaysia, Vietnam, Philippinen, Indonesien, Thailand, Australien, Bahrain und Saudi-Arabien.
Die Partnerschaft ermöglicht den Einsatz der Applied Oil Technology (AOT) Geräte von QS Energy in den Pipeline-Netzwerken des Konsortiums, mit Plänen für anfängliche 200 AOT-Einheiten innerhalb eines geschätzten Zeitraums von 5 Jahren. Die Technologie zielt darauf ab, die Viskosität von Rohöl und die Transportkosten zu senken. Alle AOT-Geräte werden in den Vereinigten Staaten hergestellt, was zur Schaffung von Arbeitsplätzen im Inland beiträgt.
- Expanded market reach through consortium agreement covering 8 countries
- Planned deployment of 200 AOT units over 5 years
- Manufacturing to be done in US, securing domestic production
- No immediate revenue impact disclosed
- Timeline for actual deployment and revenue generation not specified
- MOU is non-binding and subject to final contract negotiations
Advancing Energy Efficiency and Expanding AOT Deployment Globally
TOMBALL, TX / ACCESSWIRE / December 10, 2024 / QS Energy, Inc. (OTCQB:QSEP), a leader in crude oil transportation efficiency, proudly announces a significant milestone in its partnership with VIPS Petroleum: the successful signing of a consortium-based Memorandum of Understanding (MOU) with the Australia Asia India Business Organization (AAIBO). This agreement, which builds on the progress outlined in QS Energy's September 2024 press release, represents a transformative evolution of the company's Southeast Asia strategy. Southeast Asia is a rapidly industrializing region, with increasing energy demands driven by population growth and urbanization. The region has significant crude oil pipeline infrastructure, with major operators and state-owned enterprises spearheading oil production and distribution. Countries such as Malaysia, Vietnam, and Indonesia are investing heavily in modernizing their energy systems to meet growing domestic and export demands.
Previously, QS Energy announced its intention to secure an MOU with Malaysia for the deployment of its Applied Oil Technology (AOT) devices. The agreement has been successfully finalized through the AAIBO consortium, which unites Malaysia with additional state-owned oil and gas companies across Vietnam, the Philippines, Indonesia, Thailand, Australia, Bahrain, and Saudi Arabia. This expanded scope allows for a broader and more impactful deployment of AOT devices across the consortium's pipeline networks.
Cecil Bond Kyte, CEO of QS Energy, commented:
"This milestone is a testament to the power of patience, persistence, and precision in executing a global strategy. What began as a focused opportunity in Malaysia has blossomed into an unprecedented collaboration across eight countries, demonstrating the trust and confidence that these nations place in QS Energy's cutting-edge technology."
Strategic Highlights:
A Clear Path to Global Deployment: The successful signing of the AAIBO agreement not only fulfills the commitment outlined in the September press release but also exceeds expectations by bringing together multiple nations under one unified framework.
Expanded Scope for AOT Technology: The consortium-based approach allows for an initial 200 AOT units within an estimated 5 year period, ensuring a significant reduction in crude oil viscosity and transport costs for some of the most prominent pipeline systems in the world.
Commitment to American Innovation: All AOT devices will be manufactured in the United States, contributing to domestic job creation and reinforcing the role of U.S. technology in advancing global energy infrastructure.
John McCleod, Jr., CEO of VIPS Petroleum, added:
"This agreement signifies not just an achievement but a leap forward in our vision for global energy solutions. By leveraging the collective strength of AAIBO's member nations, we've created a pathway for widespread adoption of AOT technology that delivers unmatched efficiency."
Rajendran Boopathi, Executive Director of AAIBO, stated:
"The AAIBO consortium was created to drive collaborative energy solutions, and this partnership exemplifies that mission. With QS Energy's AOT technology, our member nations are positioned to enhance their oil transport infrastructure and strengthen their role in the global energy market."
Importance of U.S. Leadership in Energy Exports:
As the United States anticipates a resurgence in crude oil production and exports in 2025, QS Energy's partnership with AAIBO underscores the strategic value of American-made technologies in shaping the future of global energy. By introducing innovative solutions like the AOT, the U.S. continues to lead in fostering international partnerships that drive efficiency, sustainability, and shared economic growth.
Looking Ahead:
With this agreement, QS Energy has taken a significant step forward in its mission to revolutionize crude oil transport efficiency. The AAIBO partnership not only reflects the company's ability to deliver on its commitments but also positions it as a trusted partner in one of the world's most dynamic energy markets. The months of careful planning and collaboration behind this milestone ensure a solid foundation for future successes, proving that strategic patience yields extraordinary results. The company will continue to parallel process MOU activity with closing material contracts with the VIPS's customers and AAIBO's members.
About The Australia Asia India Business Organization (AAIBO)
The Australia Asia India Business Organization (AAIBO) focuses on strengthening economic and strategic ties between Australia, Asia, and India, with a particular emphasis on the crude oil sector. AAIBO aims to drive collaboration across the energy industry to address regional challenges, enhance sustainability, and ensure energy security. Through partnerships, projects, and events, AAIBO empowers businesses to innovate and create a more prosperous, stable, and energy-secure future for the region. For more information, visit www.aaibo.com.au.
About VIPS Petroleum
VIPS Petroleum is an industry leader providing innovative petroleum solutions and exceptional service. Committed to leveraging advanced technologies, VIPS Petroleum aims to enhance the performance and sustainability of its operations. For more information, visit www.vipspetroleum.co.
For further information about QS Energy, Inc., click here and read our SEC filings at https://ir.qsenergy.com/sec-filings. To stay connected, subscribe to Email Alerts at https://ir.qsenergy.com/news/email-alerts to receive Company filings and press releases, and subscribe to our new QS UPDATES email service here to receive timely updates on the Company's latest news and innovations.
Safe Harbor Statement
Some of the statements in this release may constitute forward-looking statements under federal securities laws. Please click here for our complete cautionary forward-looking statement.
About Applied Oil Technology
QS Energy's patented Applied Oil Technology (AOT) is a solid-state turn-key system which uses a high volt / low amp electric field to reduce crude oil viscosity. AOT installs inline on crude oil pipelines, operates unattended without interrupting pipeline flow, with full remote monitoring and control. More information is available online here.
About QS Energy
QS Energy, Inc. (OTCQB:QSEP), develops and markets crude oil flow assurance technologies designed to deliver measurable performance improvements to pipeline operations in the midstream and upstream crude oil markets. For further information about QS Energy, Inc., visit www.qsenergy.com.
Company Contact
QS Energy, Inc.
Tel: +1 844-645-7737
E-mail: investor@qsenergy.com
Sales: sales@qsenergy.com
SOURCE: QS Energy, Inc.
View the original press release on accesswire.com
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