QS Energy and VIPS Petroleum Forge Strategic Partnership to Enhance Oil Transport Efficiency
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 Inc. (OTCQB:QSEP) e VIPS Petroleum hanno annunciato una partnership strategica per migliorare l'efficienza nel trasporto del petrolio. La collaborazione prevede l'installazione del dispositivo Applied Oil Technology (AOT) presso i clienti di VIPS Petroleum. I punti salienti includono:
1. I contratti con i clienti si prevede siano finalizzati tra agosto e settembre 2024
2. L'installazione del dispositivo AOT è attesa nel Q4 2024-Q1 2025
3. Ogni unità AOT dovrebbe generare entrate annuali nell'ordine di decine di milioni
4. Ordine minimo di 5 unità per cliente
5. VIPS ha ottenuto diritti di esclusiva di 6 mesi in Malaysia, Singapore, Australia, Bahrain, Arabia Saudita e Thailandia
Questa partnership segue i recenti passi di QS Energy verso la distribuzione commerciale dell'AOT, sottolineando l'impegno dell'azienda per il valore azionario e la leadership nel settore.
QS Energy Inc. (OTCQB:QSEP) y VIPS Petroleum han anunciado una asociación estratégica para mejorar la eficiencia en el transporte de petróleo. La colaboración implica el despliegue del dispositivo Applied Oil Technology (AOT) a los clientes de VIPS Petroleum. Los puntos clave son:
1. Se espera que los contratos con los clientes se finalicen en agosto/septiembre de 2024
2. Se anticipa el despliegue del dispositivo AOT en el Q4 de 2024-Q1 de 2025
3. Se espera que cada unidad AOT genere ingresos anuales en millones de un solo dígito
4. Pedido mínimo de 5 unidades por cliente
5. VIPS ha recibido derechos de exclusividad de 6 meses en Malasia, Singapur, Australia, Bahréin, Arabia Saudita y Tailandia
Esta asociación sigue los recientes pasos de QS Energy hacia el despliegue comercial del AOT, enfatizando el compromiso de la empresa con el valor para los accionistas y el liderazgo en la industria.
QS Energy Inc. (OTCQB:QSEP)와 VIPS Petroleum이 전략적 파트너십을 체결하여 석유 운송 효율성을 향상시키기로 했습니다. 이번 협력에서는 VIPS Petroleum 고객을 위해 QS Energy의 적용 석유 기술(AOT) 장치를 배치할 계획입니다. 주요 사항은 다음과 같습니다:
1. 고객 계약이 2024년 8월/9월에 최종화될 것으로 예상됨
2. AOT 장치 배치가 2024년 4분기에서 2025년 1분기 사이에 이루어질 것으로 예상됨
3. 각 AOT 유닛이 연간 수익이 단일 숫자 백만 달러 수준일 것으로 예상됨
4. 고객 당 최소 5개 유닛 주문 필요
5. VIPS는 말레이시아, 싱가포르, 호주, 바레인, 사우디아라비아, 태국에서 6개월의 독점 권한을 부여받음
이번 파트너십은 AOT의 상용 배포를 향한 QS Energy의 최근 조치에 따른 것으로, 주주 가치를 위한 회사의 헌신과 산업 리더십을 강조합니다.
QS Energy Inc. (OTCQB:QSEP) et VIPS Petroleum ont annoncé un partenariat stratégique pour améliorer l'efficacité du transport pétrolier. La collaboration implique le déploiement du dispositif Applied Oil Technology (AOT) chez les clients de VIPS Petroleum. Les points clés incluent :
1. Les contrats clients devraient être finalisés en août/septembre 2024
2. Le déploiement du dispositif AOT est prévu au T4 2024-T1 2025
3. Chaque unité AOT devrait générer des revenus annuels dans les millions à un chiffre
4. Commande minimale de 5 unités par client
5. VIPS a obtenu des droits d'exclusivité de 6 mois en Malaisie, à Singapour, en Australie, à Bahreïn, en Arabie Saoudite et en Thaïlande
Ce partenariat fait suite aux récentes initiatives de QS Energy en vue du déploiement commercial de l'AOT, soulignant l'engagement de l'entreprise envers la valeur pour les actionnaires et le leadership dans l'industrie.
QS Energy Inc. (OTCQB:QSEP) und VIPS Petroleum haben eine strategische Partnerschaft angekündigt, um die Effizienz beim Transport von Öl zu verbessern. Die Zusammenarbeit umfasst den Einsatz des Applied Oil Technology (AOT) Geräts bei den Kunden von VIPS Petroleum. Zu den Hauptpunkten gehören:
1. Es wird erwartet, dass die Kundenverträge im August/September 2024 finalisiert werden
2. Der Einsatz des AOT-Geräts wird für Q4 2024 bis Q1 2025 erwartet
3. Jede AOT-Einheit soll jährliche Einnahmen im einstelligen Millionenbereich generieren
4. Mindestbestellmenge von 5 Einheiten pro Kunde
5. VIPS wurde ein 6-monatiges Exklusivrecht in Malaysia, Singapur, Australien, Bahrain, Saudi-Arabien und Thailand gewährt
Diese Partnerschaft folgt den jüngsten Schritten von QS Energy zur kommerziellen Bereitstellung von AOT und hebt das Engagement des Unternehmens für den Aktionärswert und die Branchenführung hervor.
- Strategic partnership with VIPS Petroleum to deploy AOT devices
- Expected annual revenue of single-digit millions per AOT device
- Minimum order of 5 units per customer
- 6-month exclusivity rights granted to VIPS in six countries
- Customer contracts expected to be finalized in August/September 2024
- AOT device deployment anticipated in Q4 2024-Q1 2025
- None.
MOU Actively Being Reviewed by Several Countries & Companies
TOMBALL, TX / ACCESSWIRE / August 15, 2024 / QS Energy Inc. (OTCQB:QSEP), a leader in energy efficiency technology, and VIPS Petroleum LLC, a prominent player in the petroleum industry, are excited to announce a strategic collaboration as a result of positive MOU discussions with VIPS country and company clients. This partnership builds on the recent advancements announced by QS Energy in the commercialization of their Applied Oil Technology (AOT) device, which significantly improves the economics and sustainability of oil transport.
Key Highlights of the Collaboration Agreement:
Deployment of AOT Device:
The agreement outlines the deployment of QS Energy's AOT device to VIPS Petroleum's customers. This initiative will commence with customer contracts expected to be finalized in August/September 2024, followed by the expected deployment of the AOT device in Q42024-Q12025.
Revenue-Generating Contracts:
The partnership between QS Energy and VIPS Petroleum will deploy AOT units to enhance oil transport efficiency, with customers from several countries committing to minimum purchases based on the project schedule outlined in the MOU. VIPS Petroleum will facilitate the deployment of AOT devices under material revenue-generating contracts, with each unit expected to generate annual revenues of single digit millions per device with a (5) unit minimum per customer order.
Exclusive Regions:
As a result of initial customer discussions and expanded discussions with certain countries actively reviewing the MOU, VIPS Petroleum has been granted 6-Month exclusivity rights for the deployment of AOT devices in Malaysia, Singapore, Australia, Bahrain, Saudi Arabia, and Thailand, reinforcing its strategic market positioning.
Customer Onboarding:
The collaboration agreement includes provisions for customer onboarding. VIPS will manage the customer relationships, ensuring seamless integration and ongoing operational success.
Cecil Bond Kyte, Chief Executive Officer at QS Energy, stated, "This collaboration with VIPS Petroleum marks a significant milestone in our efforts to commercialize AOT technology. By leveraging VIPS' extensive market reach and customer base, we are poised to enhance the efficiency and sustainability of oil transportation on a global scale."
John McLeod Jr., CEO of VIPS Petroleum, stated, "Our partnership with QS Energy reflects our dedication to offering innovative and efficient solutions to our clients. They are enthusiastic about deploying the AOT platform and are actively working on MOUs."
This announcement follows the recent press release detailing QS Energy's initial steps towards the commercial deployment of AOT, underscoring the company's commitment to shareholder value, innovation, and industry leadership.
Looking Forward
The partnership between QS Energy and VIPS Petroleum is set to drive significant advancements in oil transportation efficiency. With a shared vision for innovation and excellence, both companies are well-positioned to lead the industry towards a more sustainable and efficient future.
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., visit https://www.qsenergy.com/, read our SEC filings at https://ir.stockpr.com/qsenergy/all-sec-filings and subscribe to Email Alerts at https://ir.stockpr.com/qsenergy/email-alerts to receive Company news and shareholder updates.
Safe Harbor Statement
Some of the statements in this release may constitute forward-looking statements under federal securities laws. Please visit the following link for our complete cautionary forward-looking statement: https://www.qsenergy.com/site-info/disclaimer
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 at www.qsenergy.com.
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. More information is available at 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
FAQ
What is the strategic partnership between QS Energy and VIPS Petroleum?
When are the customer contracts for QS Energy's AOT device expected to be finalized?
What is the expected revenue per AOT device for QS Energy (QSEP)?
In which countries has VIPS Petroleum been granted exclusivity rights for QS Energy's AOT device?
What is the minimum order quantity for QS Energy's AOT device per customer?
