QS Energy Announces Milestones in Global Sales Activity and Strategic Partnerships as 2024 Closes
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) riporta progressi significativi nelle sue attività commerciali e iniziative strategiche per il 2024. L'azienda ha espanso i suoi sistemi Applied Oil Technology (AOT) nei mercati del Sud-Est asiatico e dell'Asia meridionale, passando dalle fasi esplorative all'emissione di contratti. QS Energy sta portando avanti discussioni con un'istituzione finanziaria supportata dal governo statunitense per il finanziamento del commercio globale, al fine di supportare l'espansione dei clienti.
L'azienda sta lavorando per risolvere le spese di licenza pregresse con la Temple University e ha raggiunto traguardi chiave, inclusa l'istituzione di alleanze strategiche per le operazioni commerciali di AOT e la firma di un MOU per il dispiegamento nel Sud-Est asiatico. Questi sviluppi pongono QS Energy in una posizione favorevole per una crescita accelerata nel 2025.
QS Energy (OTCQB:QSEP) informa sobre progresos significativos en sus actividades comerciales e iniciativas estratégicas para 2024. La compañía ha expandido sus sistemas de Applied Oil Technology (AOT) en los mercados de Asia del Sudeste y Asia Meridional, pasando de fases exploratorias a la emisión de contratos. QS Energy está avanzando en conversaciones con una institución financiera respaldada por el gobierno de EE. UU. para el financiamiento del comercio global, con el fin de apoyar la expansión de los clientes.
La compañía está trabajando para resolver tarifas de licencia heredadas con la Temple University y ha alcanzado hitos clave, incluyendo el establecimiento de alianzas estratégicas para operaciones comerciales de AOT y la firma de un MOU para el despliegue en Asia del Sudeste. Estos desarrollos posicionan a QS Energy para un crecimiento acelerado en 2025.
QS Energy (OTCQB:QSEP)는 2024년을 위한 상업 활동 및 전략적 이니셔티브에서 significant progress를 보고합니다. 이 회사는 Applied Oil Technology (AOT) 시스템을 동남아시아 및 남아시아 시장으로 확대하였으며, 탐색 단계에서 계약 발행 단계로 넘어갔습니다. QS Energy는 고객 확장을 지원하기 위해 글로벌 무역 금융을 위한 미국 정부 지원 금융 기관과의 논의를 진행하고 있습니다.
이 회사는 Temple University와의 기존 라이센스 수수료 문제를 해결하기 위해 노력하고 있으며, 상업 AOT 운영을 위한 전략적 파트너십 수립 및 동남아시아 배치를 위한 MOU 체결 등을 포함한 주요 이정표를 달성하였습니다. 이러한 발전은 QS Energy를 2025년의 가속 성장을 위한 유리한 위치에 놓이도록 합니다.
QS Energy (OTCQB:QSEP) fait état de progrès significatifs dans ses activités commerciales et initiatives stratégiques pour 2024. L'entreprise a étendu ses systèmes Applied Oil Technology (AOT) sur les marchés d'Asie du Sud-Est et d'Asie du Sud, passant des phases exploratoires à l'émission de contrats. QS Energy engage des discussions avec une institution financière soutenue par le gouvernement américain pour le financement du commerce mondial afin de soutenir l'expansion des clients.
L'entreprise s'efforce de résoudre les frais de licence hérités avec la Temple University et a atteint des jalons clés, y compris l'établissement de partenariats stratégiques pour les opérations commerciales de AOT et la signature d'un MOU pour le déploiement en Asie du Sud-Est. Ces développements positionnent QS Energy pour une croissance accélérée en 2025.
QS Energy (OTCQB:QSEP) berichtet über bedeutende Fortschritte in seinen Geschäftstätigkeiten und strategischen Initiativen für 2024. Das Unternehmen hat seine Applied Oil Technology (AOT)-Systeme auf die Märkte in Südostasien und Südasien ausgeweitet und ist von Erkundungsphasen zur Vertragsausstellung übergegangen. QS Energy führt Gespräche mit einer von der US-Regierung unterstützten Finanzinstitution über die globalen Handelfinanzierung zur Unterstützung der Kundenausweitung.
Das Unternehmen arbeitet daran, alte Lizenzgebühren mit der Temple University zu klären, und hat wichtige Meilensteine erreicht, darunter den Aufbau strategischer Partnerschaften für den kommerziellen AOT-Betrieb und die Unterzeichnung eines MOU für den Einsatz in Südostasien. Diese Entwicklungen positionieren QS Energy für ein beschleunigtes Wachstum im Jahr 2025.
- Advanced from exploratory phase to contract issuance for AOT systems deployment
- Secured potential U.S. government-backed financing support for expansion
- Established strategic partnerships for first commercial AOT operations
- Signed MOU for Southeast Asia market expansion
- Unresolved legacy licensing fee obligations with Temple University
2024 Concludes with Positive Update On Current Initiatives
TOMBALL, TX / ACCESSWIRE / December 23, 2024 / QS Energy, Inc. (OTCQB:QSEP), a leader in advanced crude oil transport efficiency technologies, is pleased to announce a significant progression in its commercial activities and strategic initiatives as the year comes to a close. Building on the strong foundation established throughout 2024, the company has achieved key milestones that position it for accelerated growth in 2025.
Expansion into Global Markets
Over the past year, QS Energy has made notable strides in deploying its Applied Oil Technology (AOT) systems across new and high-demand markets in Southeast Asia and South Asia. Through partnerships formalized earlier this year, the company has moved from exploratory phases to contract issuance that will enable the rollout of AOT units across critical energy infrastructure in key regions. These developments reflect QS Energy's ability to meet the growing global demand for technologies that enhance pipeline efficiency and reduce operational costs.
Financial Backing to Support Customer Expansion and Growth
To support these contracts and ensure smooth execution, QS Energy is advancing discussions with a leading U.S. government-supported financial institution specializing in global trade financing. This institution offers a comprehensive suite of financing solutions, including working capital, buyer-backed financing, and funding opportunities designed to enable manufacturing scale and expansion within the United States.
These financial pathways allow QS Energy's customers to adopt AOT technology with minimal upfront capital barriers, streamlining the deployment process. As customers adopt and expand their use of AOT, this financing structure positions QS Energy to scale operations, including the necessary expansion of its U.S.-based assembly capabilities to meet growing demand.
"Our progress with this trusted export financing partner reflects our ability to align innovative technology with practical financial solutions," says CEO, Cecil Bond Kyte. "This support framework enables us to help our customers adopt AOT systems while also preparing to meet future growth opportunities through scalable manufacturing."
Addressing Legacy Licensing Fees with Temple University
In support of our positive momentum to clean up our final balance sheet items, QS Energy and Temple University are in discussions to rectify our past obligations to our mutual future economic benefit.
Reflecting on a Year
Throughout 2024, QS Energy has demonstrated its ability to evolve from technology development to commercialization. Key milestones this year include:
Establishing strategic partnerships to bring the first AOT systems into commercial operation.
Signing a Memorandum of Understanding (MOU) to expand AOT deployment in Southeast Asia.
Advancing financial pathways for global adoption through innovative customer financing solutions.
"As we reflect on the successes of 2024, we are proud to have reached these milestones while staying true to our vision of enhancing energy efficiency worldwide. The momentum we've built sets the stage for even greater achievements in 2025." says CEO Cecil Bond Kyte.
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.
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FAQ
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