QS Energy Inc (QSEP)

[zerosnoop]

ABSOLUTELY FALSE. REVENUE is FAST APPROACHING as per the EVIDENCE in the 8k filed yesterday.

http://ir.qsenergy.com/all-sec-filings/content/0001683168-16-000840/qsenergy_8k-120116.htm

On November 28, 2016, QS Energy, Inc. (the “Company”) entered into a Field Test Agreement (“Agreement”) with a large Canadian oil company, located in Calgary, Alberta (“COC”). The Agreement confirms COC’s desire to field test (the “Field Test”) the Company’s AOT Viscosity Reduction System (the “AOT Technology” or “AOT”) at a COC facility utilizing a fully functional laboratory-scale AOT device (the “AOT-Lab”) to assess the technical capability of the AOT Technology under field operating conditions. Toward this end, the Agreement provides, among other things, that the Company shall deliver and setup, and thereafter Field Test, the Company’s AOT-Lab equipment at a suitable location to be provided by COC (the “Services”). The Field Test shall be conducted and completed over a consecutive five (5) day period, by a date no later than March 31, 2017. As compensation for the Company’s Services, COC has agreed to pay the Company a fixed sum of $50,000 (USD), payable in two (2) equal installments of $25,000 (USD), each due no later than 30 days from COC’s receipt of the Company’s invoice, the first of which was issued by the Company upon execution of the Agreement, and the second of which shall be issued upon delivery of the Company’s Final Report to COC. The Final Report shall contain, among other things, the results of the Field Test, including technical information and data related thereto, preliminary specifications for a full-scale AOT configuration optimized to pipeline operating parameters supplied by COC, and a pro forma benefit analysis applying the Field Test results to the Company’s recommended AOT configuration and operating parameters provided by COC.

The above description of the Agreement is qualified in its entirety by reference to the Agreement, a copy of which is attached hereto as Exhibit 10.1, and incorporated herein by reference. The name of the COC has been redacted on confidentiality grounds.

More from Temple University's web site. The is more FACTUAL & the TRUTH about the PROVEN AOT & TRANSCANADA.

https://cst.temple.edu/about/news/enhancing-crude-oil-pipeline-flow


An electrical device designed by professor of physics Rongjia Tao, which significantly enhances the flow of crude oil through pipelines, has been successfully tested on existing U.S. portions of the Keystone Pipeline by the TransCanada Corp.

Tao’s applied oil technology (AOT) device greatly reduces the viscosity and turbulence of crude oil. Patented by Temple University, the device was created with the financial support of Save The World Air, a Santa Barbara, California-based developer and vendor of commercial flow assurance solutions.

Utilizing electrorheology principles, Tao’s devices have been installed just downstream from pipeline pumps. The electrical field polarizes suspended nanoparticles found in crude oil, causing them to aggregate in short chains along the flow direction—which both decreases viscosity in that direction and effectively suppressing turbulence. This green technology may eliminate the need to heat the crude oil, a current costly industry standard, while significantly reducing required pumping pressures.

Tests have verified viscosity decreases of 40 percent. “It also reduces the power needed to pump crude oil by 72 percent while the flow rate is unchanged,” added Tao. “And by reducing pumping pressures, it’s much safer for both land-based pipelines and pipelines that connect with off-shore drilling sites.”