QS Energy Inc (QSEP)

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NOT TRUE. From the RECENT 8K about the "large" Canadian oil company & the NDA :

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.

With respect to any Confidential Information, the Confidentiality Agreement shall govern the use and non-disclosure obligations of the Parties.