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The latest PR below is about the PRESENT, NOW & the FUTURE, not what happened 15 years ago. The PROVEN AOT is going GLOBAL.
https://ir.qsenergy.com/press-releases/detail/2059
QS Energy and VIPS Petroleum Forge Strategic Partnership to Enhance Oil Transport Efficiency
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.
But wait, according to the “experts”, I thought this was supposed to be just a “simple leak test” ? Wonder why they would need to run the device at 40KV for a “simple leak test?” I guess we can also throw the “going against the laws of mother nature” claim out the window as well (I still laugh at that one). Looking forward to exposing more of the continued lies against the company....meanwhile I’ll continue loading up while the price is at a bargain rate.
https://s3.amazonaws.com/content.stockpr.com/qsenergy/files/news/2022/Successful_Hydrostatic_Test_Complete_December_30_2022.pdf
NAKED SHORT SELLING gets reported differently & isn't part of Finra reporting. Experts that know their job tell me there is a HUGE SHORT position in QS.
This is why I do my own d/d. I only take advice from professionals who know what they are talking about & who know how to read and understand public filings.
As QS is getting closer & closer to SUCCESS with the PROVEN AOT, those that are SHORT big time on QS seem to be getting more & more desperate with their CONTINUED LIES.
I would NOT want to be SHORT on QS Energy. I notice the SHORT POSITION in QS Energy is increasing as per the EVIDENCE in the short report below.
https://otcshortreport.com/company/QSEP?index=qsep&action=view#.Vc0xR17ovIU
The below is so TRUE in regards to QSEP
When the company held numerous shareholders meetings in Santa Barbara, the keyboard warriors didn't bother showing up to ask any questions even though they were in the area. The uneducated fools with a low IQ, compulsive liar's, cowards, grubs, failed crypto Cardano traders, tax cheats, paid bashers and fraudsters prefer to post lies on the blogs & get laughed at when their nonsense is exposed.
If authorities don't believe lies told by uneducated fools with a low IQ, compulsive liar's, cowards, grubs, failed crypto Cardano traders, tax cheats, paid bashers or fraudsters, nor do I
This is why I do my own d/d. I only take advice from professionals who know what they are talking about & who know how to read and understand public filings.
Hmm Saudi Arabia, could that be with Saudi Aramco ? The PROVEN AOT is going GLOBAL
This November will mark 6 years without a Qsep shareholders meeting. All the pundits here pumping this company for decades say nothing about this fact! It’s almost like asking real questions and demanding factual answers from Qsep management (Cecil) is forbidden.
The latest PR below is about the PRESENT, NOW & the FUTURE, not what happened 15 years ago. The PROVEN AOT is going GLOBAL.
https://ir.qsenergy.com/press-releases/detail/2059
QS Energy and VIPS Petroleum Forge Strategic Partnership to Enhance Oil Transport Efficiency
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.
But wait, according to the “experts”, I thought this was supposed to be just a “simple leak test” ? Wonder why they would need to run the device at 40KV for a “simple leak test?” I guess we can also throw the “going against the laws of mother nature” claim out the window as well (I still laugh at that one). Looking forward to exposing more of the continued lies against the company....meanwhile I’ll continue loading up while the price is at a bargain rate.
https://s3.amazonaws.com/content.stockpr.com/qsenergy/files/news/2022/Successful_Hydrostatic_Test_Complete_December_30_2022.pdf
There is still time in September. Lets see what happens
NAKED SHORT SELLING gets reported differently & isn't part of Finra reporting. Experts that know their job tell me there is a HUGE SHORT position in QS.
This is why I do my own d/d. I only take advice from professionals who know what they are talking about & who know how to read and understand public filings.
As QS is getting closer & closer to SUCCESS with the PROVEN AOT, those that are SHORT big time on QS seem to be getting more & more desperate with their CONTINUED LIES.
I would NOT want to be SHORT on QS Energy. I notice the SHORT POSITION in QS Energy is increasing as per the EVIDENCE in the short report below.
https://otcshortreport.com/company/QSEP?index=qsep&action=view#.Vc0xR17ovIU
The below is so TRUE in regards to QSEP
If authorities don't believe lies told by uneducated fools with a low IQ, compulsive liar's, cowards, grubs, failed crypto Cardano traders, tax cheats, paid bashers or fraudsters, nor do I
This is why I do my own d/d. I only take advice from professionals who know what they are talking about & who know how to read and understand public filings.
Hmm Saudi Arabia, could that be with Saudi Aramco ? The PROVEN AOT is going GLOBAL
Does it matter? They will not come close. Remember these idiots are dangling nonbinding LOI and MOU garbage like they have done a dozen times before.
Remember successful companies preform then they release the news. When you are sucky little troll company looking to keep fleecing investors you pull these type of stunts. Someone explain to me how a tiny outfit working on commission with sales under 5M, can suddenly ink a deal for Qsep?
“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.”
Reading is hard…that said, doubtful this timeline holds true.
Wasn't the end of August when all these contracts and deals would be announced? Or did Cecil mean 2025?
Ya/ What are their 'innovative petroleum solutions'? Can you fill us all in or is this just another Norront that you said was the best thing since sliced bread and would lead to contracts? Why hasn't management uttered a peep about what happened to all these supposed 'deals' and JVs they had in the past? Funny how they just end up being forgotten about, when the next one magically appears!
Shilling and wrong, for a decade strong!
The latest PR below is about the PRESENT, NOW & the FUTURE, not what happened 15 years ago. The PROVEN AOT is going GLOBAL.
https://ir.qsenergy.com/press-releases/detail/2059
QS Energy and VIPS Petroleum Forge Strategic Partnership to Enhance Oil Transport Efficiency
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.
But wait, according to the “experts”, I thought this was supposed to be just a “simple leak test” ? Wonder why they would need to run the device at 40KV for a “simple leak test?” I guess we can also throw the “going against the laws of mother nature” claim out the window as well (I still laugh at that one). Looking forward to exposing more of the continued lies against the company....meanwhile I’ll continue loading up while the price is at a bargain rate.
https://s3.amazonaws.com/content.stockpr.com/qsenergy/files/news/2022/Successful_Hydrostatic_Test_Complete_December_30_2022.pdf
NAKED SHORT SELLING gets reported differently & isn't part of Finra reporting. Experts that know their job tell me there is a HUGE SHORT position in QS.
This is why I do my own d/d. I only take advice from professionals who know what they are talking about & who know how to read and understand public filings.
As QS is getting closer & closer to SUCCESS with the PROVEN AOT, those that are SHORT big time on QS seem to be getting more & more desperate with their CONTINUED LIES.
I would NOT want to be SHORT on QS Energy. I notice the SHORT POSITION in QS Energy is increasing as per the EVIDENCE in the short report below.
https://otcshortreport.com/company/QSEP?index=qsep&action=view#.Vc0xR17ovIU
The below is so TRUE in regards to QSEP
If authorities don't believe lies told by uneducated fools with a low IQ, compulsive liar's, cowards, grubs, failed crypto Cardano traders, tax cheats, paid bashers or fraudsters, nor do I
This is why I do my own d/d. I only take advice from professionals who know what they are talking about & who know how to read and understand public filings.
Hmm Saudi Arabia, could that be with Saudi Aramco ? The PROVEN AOT is going GLOBAL
Goal posts are on wheels…
The latest PR below is about the PRESENT, NOW & the FUTURE, not what happened 15 years ago. The PROVEN AOT is going GLOBAL.
https://ir.qsenergy.com/press-releases/detail/2059
QS Energy and VIPS Petroleum Forge Strategic Partnership to Enhance Oil Transport Efficiency
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.
QS Energy, Inc. (OTCQB: QSEP), provides the global energy industry with patent-protected industrial equipment designed to deliver measurable performance improvements to crude oil pipelines. Developed in partnership with leading university and crude oil production and transportation entities, QS Energy's high-value solutions address the enormous capacity inadequacies of domestic and overseas pipeline infrastructures that were designed and constructed prior to the current worldwide surge in oil production. In support of our clients' commitment to the responsible sourcing of energy and environmental stewardship, QS Energy combines scientific research with inventive problem solving to provide energy efficiency 'clean tech' solutions to bring new efficiencies and lower operational costs to the upstream, midstream and gathering sectors.
QS Energy's flagship technology is the AOT.
Sign up to QS Energy's email alert list
Developed in partnership with scientists at Temple University in Philadelphia, Applied Oil Technology (AOT) is the energy industry's first pipeline flow improvement solution for crude oil, using an electrical charge to coalesce microscopic particles native to unrefined oil, thereby reducing viscosity. Over the past four years AOT has been rigorously prepared for commercial use with the collaboration of engineering teams at numerous independent oil production and transportation entities interested in harnessing its demonstrated efficacy to increase pipeline performance and flow, drive up committed and uncommitted toll rates for pipeline operators, and reduce pipeline operating costs. Although AOT originally attracted the attention of pipeline operators motivated to improving their takeaway capacity during an historic surge in upstream output resulting from enhanced oil recovery techniques, the technology now represents what we believe to be the premiere solution for improving the profit margins of producers and transporters during today's economically challenging period of low spot prices and supply surplus.
JASON LANE: Chief Executive Officer and Chairman of the Board of the Company
Jason Lane is a veteran of the oil and gas industry with a 20-year track record of procuring and divesting of oil and gas leases, mineral and royalty interests and production in the lower 48 States through his own partnerships and joint ventures. His most recent large transaction includes lease divestitures to Halcon Resources (Woodbine) and Terrace Energy LLC (Woodbine). Previously, Mr. Lane sold Rocky Mountain prospects to Bill Barrett Corp as well as multiple prospects to Chesapeake Energy across East Texas. Additionally, Mr. Lane has operated and or participated in the drilling of wells in Texas, Louisiana, Montana, and Wyoming. He has been the lead on all of his partnerships since 2002, with partners ranging from family offices to hedge funds.
During his career, Mr. Lane has been directly involved in the leasing of over 650,000 prime acres for his partnerships. Also in the royalty field, he has sold multiple royalty packages to NGP portfolio companies, Noble Royalties and other companies and funds. Mr. Lane has also managed up to a 125 Landman operation which was responsible for title and lease acquisition work for several significant companies throughout the United States.
SHANNON RASMUSSEN: VP of Engineering
As co-founder and senior principal of Colorado-based energy consulting firm Citrine Energy, Mr. Rasmussen comes to QS Energy with nearly two decades of experience in the power and oil and gas sectors, with deep expertise in engineering design, project and program management, construction, compliance, and quality. Mr. Rasmussen comes into this new role at QS Energy with critical knowledge of AOT and its demonstrated ability to reduce the viscosity of crude oil -- helping operators increase flow volume, reduce reliance on diluents, relax viscosity requirements, and meet carbon emission reduction goals while decreasing operating costs and improving pipeline efficiency. As a consulting engineer for TransCanada in 2014, Mr. Rasmussen experienced AOT operations first hand; in a similar role for QS Energy over the past two years, he helped spearhead critical design and fabrication improvements that have resulted in significant gains in AOT operating efficiencies, while achieving stable operations on a high-volume high API crude oil pipeline. In addition to his recent on-site consulting with QS Energy, Mr. Rasmussen has served as a project - program manager and consultant for TransCanada Pipelines across a range of compliance-related projects including Keystone, Gulf Coast, KXL, and Energy East Pipelines. Mr. Rasmussen holds a B.S. in Mechanical Engineering from the Colorado School of Mines, is a registered Professional Engineer (PE), and a certified Project Management Professional (PMP). Mr. Rasmussen, along with his wife and three children, are looking forward to relocating to the Houston area.
GARY BUCHLER: Independent director, member of Audit Committee
Gary Buchler is Chief Operating Officer of the Natural Gas Pipeline business unit of Kinder Morgan, Inc. (NYSE: KMI) and operator of one of the largest interstate pipeline systems in the United States. With oversight of a combined annual expense/capital budget of $1.3 billion, Mr. Buchler is responsible for all Engineering, Operations, Environmental, Health and Safety (EHS), and Land Management functions for roughly 70,000 miles of transmission and gathering pipelines. Mr. Buchler is responsible for the day-to-day management of 3,900 employees, evaluation and oversight of expansion projects, and the evaluation of potential acquisitions. As Chief Operating Officer of the KM Gas Pipelines, Mr. Buchler has been instrumental in the acquisition and integration of more than $45 billion in pipeline assets at Kinder Morgan. Mr. Buchler has held various management positions at Kinder Morgan since 1979, including Vice-President Engineering/Operations Pipeline Group, Vice-President Eastern Pipeline Operations, Vice-President Engineering and Operations Kinder Morgan Gas Treating/Kinderhawk Field Services, and Director of Pipeline Integrity. He earned a Bachelor's Degree in Electrical Engineering from the University of Iowa and an MBA from the Keller Graduate School of Management.
DON DICKSON: Independent director
Mr. Dickson returned to Kinder Morgan after working for the company in their natural gas operations for 26 years during which time he served in various capacities including Director of Operations on two major pipeline projects: the 42” Rockies Mountain Express (REX) and the 42” Midcontinent Express Pipeline (MEP). In between his stints at Kinder Morgan, Mr. Dixon served as Chief Executive Officer for Advanced Pipeline Services (APS), which provided a full range of services to the oil and gas industry including new pipeline and facilities construction, horizontal directional drilling and pipeline integrity/rehabilitation. He also was Director of Operations at Tetra Resources where he completed various onshore and offshore oil and gas wells. He also served as a Senior Engineer with Halliburton Services. Mr. Dickson earned his B.S. in Engineering from Oklahoma State University.
THOMAS A. BUNDROS: Independent director
During his extensive career in the energy industry Mr. Bundros has served as chief financial officer and a senior level finance executive with a variety of entities in the oil and gas industry and public utilities sector. In addition to his tenure as Chief Financial Officer at Colonial Pipeline Company, the world’s largest pipeline operator transporting 100 million gallons of refined petroleum products daily across 5,500 miles of pipeline, Mr. Bundros held various financial positions in the Atlanta and New York offices of the Southern Company System, the 16th largest utility company in the world and the fourth largest in the U.S. with over 4 million customers in Alabama, Georgia, Florida, and Mississippi.
Mr. Bundros currently serves as the Chief Executive Officer for Dalton Utilities, a provider of electricity, natural gas, water and telecommunications services to the city of Dalton and portions of northwest Georgia. Mr. Bundros earned his Master of Business Administration in Finance and Bachelor of Science in Economics and Business Administration at the University of North Carolina at Greensboro.
ERIC BUNTING: Independent director
Eric Bunting, M.D. is a board-certified Ear, Nose, and Throat physician, and he is an owner and partner in an independent specialty group. This group has partnered with Wichita Surgical Specialist (“WSS”), which remains one of the country’s largest surgical multispecialty groups. Dr. Bunting has been on the board of directors of WSS for the last 10 years. Dr. Bunting graduated from Kansas University School of Medicine and subsequently received specialty training at Kansas University Medical Center.
Dr. Bunting has many diverse business and entrepreneurial interests. Dr. Bunting has an interest in early startup companies and franchising opportunities. He is an owner and partner in approximately 40 fast-casual restaurant franchises in 10 states. He has board of director experience in the health care industry with multiple ambulatory surgical centers and a radiation center. Dr. Bunting has been an integral part of these boards through merger and acquisition periods. Other interests are in the wine and spirits industry where Dr. Bunting has been involved in a successful spirit start-up, which is poised for an acquisition opportunity. Dr. Bunting has other ongoing active business investments in the evolving internet artificial intelligence industry, as it relates to marketing and advertising.
Dr. Bunting has been an investor in the Company, acquiring a significant number of shares over the last four years. During this period, he has been and will remain an unbiased shareholder advocate looking forward to commercialization, deployment, and eventual profitability for the Company.
RICHARD MUNN: Independent director
Richard W. Munn is one of the top players in the royalty and mineral arena as demonstrated over the last 15 years with 39 years of industry experience. Of note, he managed the royalty acquisition teams at Noble Royalties and other companies, closing on the acquisition of approximately $450 million worth of Royalty and Mineral Interests involving over 50 separate transactions. Mr. Munn has a solid reputation and extensive relationships with private and public U.S.-based energy producers and mineral holders. He has also managed his own exploration and production companies. From 2005 to 2007, Mr. Munn chaired the IPAA Business Development Committee and from 2007 to 2009, he chaired the IPAA Business Development/ Membership Committee. From 2005 to 2007, Mr. Munn chaired the Society of Petroleum Engineers Business Development Committee. In addition, to his network of oil and gas industry relationships, Mr. Munn is a licensed registered professional geologist in Wyoming with a B.A. in Geology from the University of Colorado.
(1) On 8/5/2016 Don Dickson invested $70,000 in a Private Placement offering of convertible notes and warrants.
(2) On 10/13/2016 Don Dickson converted his note into common stock.
(3) On 4/17/2017 Dr. Eric Bunting invested $50,000 in a Private Placement offering of convertible notes and warrants.
(4) On 5/15/17 Richard Munn invested $10,000 in a Private Placement offering of convertible notes and warrants. He immediately converted the notes to common stock.
(5) On 5/15/2017 Richard Munn bought 42,000 shares of common stock in the open market at $0.24 per share.
(6) On 5/31/2017 Thomas Bundros invested $100,000 in a private Placement of convertible notes and warrants. He immediately converted the notes to common stock.
(7) On 7/19/2017 Dr. Eric Bunting invested an additional $40,000 to convert his warrants and stock options into common stock well before their expiration dates.
(8) On 7/30/2017 Don Dickson invested an additional $38,500 to convert warrants into common stock.
(9) On 8/2/2017 Gary Buchler invested $50,000 to buy common stock at market prices and converted all of his vested stock options.
Review Form-3 and Form-4 filings to find the original documents showing these purchases.
*To access and read all official SEC filings, click here.
*Company SEC Filings
*Corporate profile
*Investor tear sheet
- All press releases
- Incoming QS Energy CEO and Chairman Jason Lane's Letter to Shareholders and Board of Directors (MARCH 31, 2017)
- QS Energy CEO Jason Lane Issues Shareholder Update (MAY 25, 2017)
- Veteran Pipeline Infrastructure Engineer Shannon Rasmussen Joins QS Energy To Lead Global Commercialization of AOT Flow Assurance Technology (JUNE 30, 2017)
- World Pipelines: QS Energy: positive evaluation on major crude and condensate pipeline (June 6, 2016)
- Pipeline tech co. moves to Houston, names CEO, directors (June 5, 2017)
- Energy tech CEO: 'The timing is perfect' for commercial phase (June 8, 2017)
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