QS Energy Inc (QSEP)

[zerosnoop]

INCORRECT according to the RECENT HOUSTON BUSINESS JOURNAL article below

http://www.bizjournals.com/houston/news/2017/06/05/pipeline-tech-co-moves-to-houston-names-ceo.html


Pipeline tech co. moves to Houston, names CEO, directors

Joshua Mann
5 June 2017
Houston Business Journal

QS Energy Inc.’s (OTCMKTS: QSEP) new CEO, board members and recent move to the Houston area are all signs that the company is undergoing a major change.

All of that is happening as the company prepares to move into commercial production of its pipeline viscosity reduction technology, CEO Jason Lane said.

“We’re working hard on it right now,” Lane said. “Things are moving as we speak.”

Until recently, QS Energy’s headquarters was in California, where it focused on developing its technology.

But now that it wants to begin the commercial phase of its life, its headquarters have shifted to Tomball, Texas, which is northwest of Houston, Lane said.

“This is the hub of the oil business,” he said. “Being here and being around a lot of the companies we’ll be dealing with helps tremendously.”

Lane said he had been based in Houston for about 20 years already before he took the QS job, and that he was the driving force behind the move.

Lane joined QS Energy as chairman and CEO on April 1. In addition to Lane, the company has also added two more directors to its board — Gary Buchler, a COO for one of Kinder Morgan Inc.'s (NYSE: KMI) business units, and Richard Munn, who works in the royalty and mineral arena.

"I approached several people in the industry to talk board appointments,” Lane said. "It’s going to be a tremendous help to have this kind of caliber."

Lane said he wants to leverage the industry contacts and experience of the board to jumpstart his company's commercial operations, which he said come at a good time in the industry cycle.

"This is the time," Lane said. “The business is picking back up, these pipelines are moving at capacity. The timing is perfect right now.”