“What’s laughable are your spurious and desperate arguments attempting to disparage a company on the verge of successful industry adoption. Everybody needs to do their own due diligence and not rely on one-sided binary distortions attempting to convince people not to invest for suspicious reasons that are never stated.
“

The facts are indisputable. 20 years of trying has not landed Qsep a single ongoing contract for any of the products it’s tried to launch. In Binary Qsep commercial success to date would be represented by a zero!

What a difference 5 years can make!


“During the quarter ended March 31 2013, STWA increased the number of major multi-national companies with which it is under non-disclosure agreements of AOT Midstream from five to seven. The Company has seen progress in formal negotiations with these entities towards implementation of the AOT technology to operations both domestic and abroad. The recent completion of ASME certification for STWA's AOT Midstream was an important milestone in meeting installation requirements from both the complanies interested in the new product and their governmental regulator body counterparts.

"STWA has never been on stronger footing" stated STWA CEO Cecil Bond Kyle. "Not only have we created a new and novel cutting edge product that the industry needs and wants, but we have succeeded in building a strong corporate foundation at the same time. Both of these efforts have yielded a company poised for explosive success. We look forward to 2013 being a monumental year"'.

“Marketing is a responsible path to pursue simultaneously and is exactly what they are doing at the conference.
Accept the risk or don’t. Very simple. Trying to highlight past failed launches is meaningless in the context of an R&D business cycle. “

Wow now the micro cap conference is marketing! Hahaha!!! Forget about attending real trade shows where the business of transporting oil is front and center...apparently there are more important fish to fry than generating legitimate leads for legit business but Qsep real “business” is selling paper. Historically it’s as significant as any new fluff news that is touted and concocted from thin air.

When the planned next pilot doesn’t do squat and the news shifts and revert back to some offshore South America or Middle East opportunity, I wonder what excuse will be used then! I’m already hearing how Saudi are chopping at the bit. Makes for flowery story telling but it’s just a rehash of old Qsep tactics which have not changed and any failure just gets piled into the “history doesn’t matter “ bin. Yeah...

Payroll and 10K expenses must be due and Qsep still doesn't have a finance plan in place except selling more convertible notes to anyone including its BOD. The fact is current Directors plus Lane have invested under 300K combined. Any insider buys can be positive but the most recent 25K between two directors will only finance the company for another week of operations.

Preferred shares is not the answer nor is any other fluff side show except actually getting a customer willing to pay Qsep for its products or services...which after 10 years of spending very little on actual R&D Qsep pretends it’s on the cusp of doing. They are not...if the magic pipe works today as advertised (giant assumption) it would still take another 24 months to even see revenue never mind profitability. During all of this Qsep executives mismanaged company cash resources to such a degree that they constantly have to go back to the well to make payroll. Yeah...this is s great great candidate for uplisting. Lol!!’

If Qsep was on the verge of breaking the laws of Mother Nature they would have joint ventures with several O&G majors and likely be financed by a consortium of interested parties. Instead their brightest prospect is a yet another free pilot with an unnamed operator that will need to run for a year so they can share data and hopefully get a buyer! Meanwhile 2 million in cash gets burned every year just to over existing expenses.

“
I am of the exact same mind with QSEP. At $3.00, when they get there, they will be uplisting to a higher exchange, so that will be great.
“

Yeah except that Qsep doesn’t even come close to fulfilling any of the financial requirements to uplist even though it has been touted every year for over two decades.

Pseudoscience will never produce products that can ever propel a company beyond fluff expectations. It’s object is solely to extract money from those who “want” to believe.

Look how Tao’s theory of turbulence suppression is floated even though it defies Mother Nature and if it was true, would be immediately used throughout industry shortly after it was discovered a decade ago. It simply a fabrication of the truth and no way does the great white magic pipe somehow exhibit reduced pressure spikes to laminar levels while operating at turbulent flow rates. It’s not just possible ...even Rasmussen contends that is not a benefit of AOT but it doesn’t stop Tao and his loyal following from floating this old paper that are resubmitted and presented as new. Old trick of the trade..but only fool a few.

Wow that’s conclusive and relevant .

Qsep promotions always paint a picture of Qsep magic pipe spewing out coins of gold and while it might play well to a few ,long shots are called that for a good reason. No one should make the mistake in believing Qsep is anywhere near ready to start generating cash or have engineered a battle hardened field tested product and proven its technology anyone is willing to pay for and operate longer than a day or two.

All this talk of a institutional investment conference is also mildly entertaining as its the same line of BS floated each new season with the various other conferences Qsep/Stwa has attended throughout its sorted history. It’s meaningless without sales which have been promised for a decade.

Wow...now there’s a Qsep family!

I wonder what the entry fee is...perhaps loosing more than 50% of ones investment is the prerequisite which is pretty much the entire Qsep float. It’s wildly entertaining watching how the waves of pure puffery slam into the wall of logical thinking. In the end the truth and science will always prevail and that will be the undoing of Qsep great white magic pipe... well until they can cook up an alternative pitch like they have done a half dozen times before!

1.50-20.00 had been touted for years yet the pps hasn’t come even close for 5 years! Besides the company has significantly diluted the shareholders since then. At $20 Qsep is a 6 billion dollar mcap which not only unrealistic but is the crux of how management has been luring investment. They weave a tale ,not of incremental and sustained growth through increasing sales, but inevitably pitch the get rich quick scheme where investors envision a great white pipe spewing out liquid gold. It’s an old con and one that might have worked years ago before botching it’s last few tests but not today.

“These experimental observations confirm the theoretical predictions and demonstrate the efficiency of this technology for transporting heavy crude oil via pipeline. “

This is a lab result that been extrapolated not observed at ANY field testing so pawning it off as some sort of industry result is a standard Qsep ploy to spin fake science into some believable hybrid of fantasy and reality. The idea that without reducing oil density by diluents or heating a viscosity reduction occurs simply by apply microamps within the vessel violates the laws the of Mother Nature...but hey it makes for great penny stock promotion!

Qsep has fielded a giant capacitor and no O&G player is going to put this on their line willie nillie without years of testing as it posses a significant safety risk to anything potential flammable flowing through it. Maybe Tao should stick to blood and chocolate!

“
That was past management with no oil industry connections or experience what so ever. Yet they still made huge progress with both TransCanada and Kinder Morgan.”

Huge progress...as in termination and suspension of both pilots! Tao is a college physicist with no long term pipeline experience yet he is regarded as the inventor of this supposed technology and routinely heralded some wizard like inventor on par with Tesla. ..its insane to believe just changing executive can make a product based on pseudoscience suddenly viable.

“
AOT should have been placed on a small gathering line initially, where they could’ve gathered dats and proved out the technology easily without any hassle. Instead previous management decided to go for the big opportunities, which is great, but in hindsight was a mistake.”

Well thats the story of Qsep since day one. Should woulda coulda! Look at the Failure and abandonment of the fuel injections products as an example. They had Auto execs on the board along with SEMA connected sales agents endorsements who touted imminent world wide penetration with their products but the results were zero.

“That said QS has learned from the experiences, and AOT has been improved upon time and time again on multiple tests with both the TransCanada and Kinder Morgan. They have the right engineer and the right CEO. “

The only experience they have had is failure. They did not test multiple times with either pilot that would be another Qsep fluff job to try to take advantage of the failure of both pilots especially KMCC which dangerously shorted to ground on several occasions and could not even pass the safety review and was finally acknowledged as suspended years later.

“Recurring revenue companies get a much higher multiple (valuation). Wall Street will eat this story up.”

Nothing to do with Qsep which is no where close to commercializing or monetizing any of its products service or IP. It’s market cap is approaching 40Million which is a gift from the heavens.Honestly this behavior will continue for years as it has been, with nothing more than few tests here or there that get spun as successful. Just like Tcpl was a overwhelming positive but was terminated in 90 days or Kmcc who after three tries knocked one out of the park but wouldn’t pay and suspended the contract. Success won’t be difficult to spot. Failure isn’t either.

Poppycock. “Big” oil has seen this product and sent it home packing on every pilot that’s been touted for last 5 years. Qsep botched at minimum two major opportunities with “Big” O&G and now won’t even tell its shareholders who there potential next test is with. So much for transparency.

How shameful it is to watch this management team do a repeat performance of the same ploys they have used in the past as if none of us can look at the disclosures and discover how utterly incapable Qsep is at executing anything it tries. The only exception is its ability to keep selling off ownership and promoting the next test, which is NOT reported as installed or even delivered yet! Any talk of imminent “sales” is just that...talk which Qsep investors have had 20 years full of! Meanwhile back at Tomball farm, the other 4 magic white pipes sit collecting dust when company claims they would save major pipeline hundreds of millions of dollars..yeah right!

How is company that Brian Altounian is still involved with still breathing?

Honestly for a guy that has MBA he has mismanaged just about everything he has touched. Where is the Alliance Acquisition vehicle he touted along with his cohort CEO fro bankrupt imaging 3? Penny’s are a haven for zombie executives. They all get paydays whiles investors get lumps of coal.

“
Remember, QSEP got to $2.00 when all we had was a test with TransCanada. Now we have the real deal with this partner who is a massive oil company. If the data is good sales will follow.”

Remember, Qsep testing at RMOTC then a prototype to china, then a test at KMCC, then a mobile aot test, then off shore offloading and underwater plans for AOT, then Requests for AOTXL...all amounted to NOTHING! There is no current ‘“real deal’ only another micro chance to prove it’s equipment is worth more turned on than off! Qsep has completely done a company reset and expects investors to keep ponying up so they can have another 5 years in an attempt to finally achieve the revenue of a family owned liquor store. Management has floated so many different bullshit claims they now have zero credibility but always afforded another shot! A human comedy!

 
 20183Q	254,198,000	19,221,093	8.18% 
 2017	234,976,907	42,145,097	21.86% 
 2016	192,831,810	9,000,233	4.90% 
 2015	183,831,577	2,803,333	1.55% 
 2014	181,028,244	4,785,427	2.72% 
 2013	176,242,817	32,575,247	22.67% 
 2012	143,667,570	29,394,100	25.72% 
 2011	114,273,470	22,820,276	24.95% 
 2010	91,453,194	20,163,798	28.28% 
 

Everyday it is posted that SEC has “verified” Qsep technology which is a misrepresentation of the actual facts. According to Qsep own lawyers it’s device(s) have not been commercially proven and they agreed to remove the “proven” statement and replace it with “may show” or like language. Here is the response in regards to Aot efficacy:

“
AOT Efficacy and Reports

The efficacy of our AOT equipment has not been established. This is consistent with statements made in the Company’s Form 10-K and Form 10-Q filings. As reported in the Company’s 10-K for the year ended December 31, 2014, filed March 16, 2015 (“2014-10K”):
“While more testing is required to establish the efficacy of our AOT technology, we are encouraged by the findings of our independent research laboratory.” (page 12, 2014-10K)
“
https://www.sec.gov/Archives/edgar/data/1103795/000101968716004821/filename1.htm

Truth be told with actual SEC correspondence:

https://www.sec.gov/Archives/edgar/data/1103795/000000000016068072/filename1.pdf


“ Page 2
2. We note your response to our prior comment 3. Please provide specific, objective support for your statement at page 3 that your AOT technology “has been proven . . . in full scale operation on a commercial crude oil pipeline to increase the energy efficiency of oil pipeline pump stations.” Alternatively, please revise or remove this language and all similar claims. In that regard, we note the following:
The AOT technology appears to lack a clear demonstration of full-field sustained commercial effectiveness.
The tests appear to be of limited duration and do not appear to clearly demonstrate the applicability and benefits of the technology under continuous long-term operating conditions.
Your deployment of AOT technology on the TransCanada Keystone pipeline and the Kinder Morgan KMCC pipeline has been limited to initial testing rather than full- scale operation with proven efficacy.
You disclose at page 14 that “our technology is commercially unproven, and the use of our technology by others is limited.”
Similarly, please provide us with specific support for your assertions at page 8 that your Joule Heat system “is much more efficient than current electric-powered heat solutions (35±% vs 80±%),” that the system “eliminates local emissions, [thus conferring] a key advantage over current natural-gas based systems,” and that it “can be made in a small enough form factor to expand the market into mobile applications such as truck and train transport systems.”
3. At an appropriate place in your filing, please disclose the particular examples you provided in response to prior comment 6 with regard to the limited use of your technology in “joint development, research, and testing applications.”

Yet the facts are:

From 2009 10k Aot is reported as:

“
MAG ChargR is past the development stage and we believe that an initial small run of several thousand units may be manufactured and sold by the end of second quarter 2010. We believe ELEKTRA may be nearing the end of the product development cycle which we believe could culminate in an upcoming Society of Automotive Engineers (SAE) tests to prove and certify the level of fuel savings. AOT is in the research and development phase.”


From 2010 10K

“We have two product lines; Applied Oil Technology (“AOT”) and ELEKTRA™.

Applied Oil Technology is transitioning from the research and development stage to full-scale commercial prototypes, and is in testing with the U.S. Department of Energy. ELEKTRA is in the research and development stage.”
“

From 2011 10k:

“

We have two product lines; Applied Oil Technology (“AOT”) and ELEKTRA™.

Applied Oil Technology is transitioning from the research and development stage to full-scale commercial prototypes, and is in testing with the U.S. Department of Energy. ELEKTRA is in the research and development stage.
“
From 2012 10k:
“
Our primary technology is called Applied Oil Technology™ (AOT™) which is designed to improve oil flow through pipelines. AOT™ has been proven in U.S. Department of Energy tests to increase the energy efficiency of oil pipeline pump stations. We are seeking to transition our AOT product from the research and development stage to initial commercial production for the midstream pipeline marketplace. Our AOT product is called AOT Midstream, which is a commercial grade, viscosity reduction device for crude oil pipeline applications. The product installs at crude oil pipeline pump stations to reduce the friction loss of the pipeline, providing benefits to pipeline operators and their customers.”

From 2013 10k:
“
Between 2011 and 2012, the Company transitioned from prototype testing of its AOT technology at the U.S. Department of Energy Rocky Mountain Oilfield Testing Center, Midwest, Wyoming, to the design and production of full-scale commercial prototype units. The Company worked in a collaborative engineering environment with multiple energy industry companies to refine the AOT™ Midstream commercial design to comply with the stringent standards and qualification processes as dictated by independent engineering audit groups and North American industry regulatory bodies. In May 2013, the Company’s first commercial prototype unit known as AOT™ Midstream, was completed.
“

From 2014 10k:

“
Save The World Air, Inc. (“STWA” or “Company” or “we” or “us” or “our”) develops and commercializes energy efficiency technologies that assist in meeting increasing global energy demands, improving the economics of oil extraction and transport, and reducing greenhouse gas emissions. The Company's intellectual property portfolio includes 47 domestic and international patents and patents pending, a substantial portion of which have been developed in conjunction with and exclusively licensed from Temple University of Philadelphia, PA (“Temple”). STWA's primary technology is called Applied Oil Technology™ (AOT™), a commercial-grade crude oil pipeline transportation flow-assurance product. AOT™ has been proven in U.S. Department of Energy tests and other independent tests, as well as in full scale operation on a commercial crude oil pipeline to increase the energy efficiency of oil pipeline pump stations.”


From 10k 2015
“

In 2014, we reached a major milestone in the Company’s evolution, generating revenues from our AOT technology for the first time since our inception in February 1998. We continue to devote the bulk of our efforts to the promotion, design, testing and the commercial manufacturing and operations of our crude oil pipeline products in the upstream and midstream energy sector. We anticipate that these efforts will continue during 2016 and 2017.”


That’s 9 years of “transitioning” and these they are still at it. Notice how they actually say the device is “proven” but that statement gets removed on future disclosures because of the SEC correspondence (see link)they don’t verify efficacy but they sure as heck can know when management is fluffing reality.

https://www.sec.gov/Archives/edgar/data/1103795/000101968716006601/filename1.htm
“
Staff Comment No. 3:

3. We reissue our prior comment 2 in part. You continue to suggest that your AOT technology has been “proven” to “increase the energy efficiency of oil pipeline pump stations.” Based on the information you provided on a supplemental basis and the related disclosures, and for the reasons cited in prior comment 2, please revise your disclosure to remove the claim that the technology has been “proven.”
“

The point being that Qsep doesn't spend much money pursuing the actual trade side of the O&G business with zero participation in any of these type of exhibit shows. Heck, they don't even spend it on R&D. The modus operandi is now just to show progress and all will be forgiven.

It doesn't matter that they have some future agreement to share data from some unnamed operator. If the data is bad QSEP will sit on it just as they have done with the results from the CHINA,TCPL and Kinder Morgan prototypes. When TCPL whacked the AOT after only 90 days it sent a pretty clear message about the efficacy of this concept. No private company would ever get this many shots at running a field test for a proven thoroughly tested out product. it is abundantly clear that AOT has never been adequately run at full scales for any length of time in a variety of conditions so it's amazing to hear how any question of the proof of its actual benefit is akin to questioning Einsteins Theory of relativity. LOL!

I remember how SCADA was going to be the golden DATASET that would seal the victory for AOT. Well, it didn't and no amount PR can clean that up. Besides product development always comes first and this company has burned 100M and 20 years trying to field ANY product based on these alleged scientific findings. They have not....unitl they generated recurring income from something they make one has to assume they will never.

I was referring to the NAPE show which is an oil and gas production summit. Qsep should be there but have opted to do a promotional small cap show instead. That says much about current management and the state of its technology.

Legitimate companies attend industry specific trade shows, have a developed sales force, to generate business before they go off to hock more paper.

“
Did they go to NAPE this week? Anyone who is anyone in the biz was there.”

Not according to the exhibit list.

https://s23.a2zinc.net/clients/nape/19summit/Public/EventMap.aspx?shMode=E

It’s a paid promotional show to peddle paper. They don’t have a say in where they are placed only that they need to write a check...I love the whole “ invited to attend” statement as if showing at these events is some sort of great honor...just like the award they didn’t win for best new tech.

Qsep previously made office and house calls to promote its Private placements but now they need a boatload more of cash so that the current crop of executives can get another pay raise. As the money gets tighter this management will fall into the same hole as its predecessors and start to make claims that simply will never happen. They have already started.

“
The science works. The company has said it till they are blue in the face. Validated by major powerhouses like Kinder Morgan and Transacanada, and not LEAST OF WHICH is seeing the MAIN engineer from TransCanada LEAVE his job, cush salary, and benefits, for low paying no name QSEP because he saw the tech WORKS, and believes in the AOT tech so much.”

Lol...Tcpl terminated the pilot 3 months before the end of minimum term by evoking the Termination clause reserved for situations where there is no benefit and Tcpl needed to immediately cut it losses. Characterizing it as a success after only 24 hours of testing simply ignores how pipeline equipment is evaluated and field tested. Kinda Morgan didn’t even consummate the contract by proving consideration and suspended it without explanation after the crack Qsep team could not get it right after years of trying and three separate installation attempts.

As far as Rasmussen is concerned he was never an salaried employee of Tcpl and characterizing it as such would be a misrepresentation of the facts. He was a “consulting” engineer during a 2 year period of the Aot nightmare installation. The idea he gave up a cush job with Tcpl is just another long list of fact fabrications.

In the end Qseps checkered past and scrap heap off failed products and total lack financial management makes for a poorly conceived investment no matter how its fluffed up.

Pictures and claims of efficacy have been the backbone of the Qsep story for decades but the scientific conclusion is woefully inadequate.

“
Picture worth a thousand words.
The picture of the AOT in production from the recent sh update is very telling. It indicates that it is December 2012 at the bottom of the picture. The people in the picture are certainly wearing clothes for a cold weather climate (the garb doesn't fit in the warmer states).
Can you imagine all the maufacturing and quality control steps this new AOT has to go through before being slapped on a pipeline for a live run. The quality controls and testing that the new AOT has to go through must be time consuming. The processes, the problems they will encounter with their checks, then fixes, then re-testing. OMG! No wonder this is taking so long. But I have no doubt the STWA crew is doing everything the right way. No short-cuts. They want the first commercial application to work perfectly. Quality, Quality, Quality! A lemon out the gate would really hurt our street credibility. Patience is wise at this time. “

Scientific discoveries on this order would have been duplicated around the globe in prestigious university throughout the US. I see nothing from MIT or Caltech where this type of alleged phenomena would be fleshed out in short order. Instead what gets published is third world academic papers from graduate students or PhD candidates looking to establish a record or publishing. The posted links or supposed proof are actual comical. Some prof in Iraq who has written maybe just few papers on boiler blow down...sorry this type of info is not going to sway anyone. Besides lab effects are meaningless without a full scale in field test that runs for a year. Qsep has run pilots at RMOTC, China, Tcpl, and KM. After all this effort they were still unable to place a single unit no matter how qsep spun the result of those pilots.

“Mmmm why sell at .13 when you can sell at $1.30....

Or $2.00.....plus plus plus
“

Because the most generous value of the Corp is less than .05 a share and water always finds its level!

Qsep technology has been promoted as proven for years. It’s amazing how fluff can morph into scientific legitimacy and continues to this day!



“
I rarely post these days as there really is very little news things to say. There is no question if it "works as advertised", as this is the world of hard science. The scientific principles that support the AOT influence on oil and fluids in general are not subject to debate...it is proven. One might as well debate the reality of gravity. The effectiveness of the AOT is only a matter of degrees dependent on the quality of the fluid. This "pilot" is not about whether the science is true, it only a matter how much money it will save and generate for the oil company. They must do their due diligence as responsible stewards to their shareholders before spending hundreds of millions of dollars;otherwise, there would be lots of concerning questions about this major purchase and modification to the pipeline. Checks and balances in corporate America”

The only thing the SEC “verified” was that Qsep can not use the word “proven” is describing its alleged technology. All verbiage to that degree has been purged from public disclosures. It’s a good all fashion crack on the knuckles!

Qsep has been reporting "soon enough" for years.

China was soon
TCPL was soon
KM was soon
Middle East was soon
Now a free deployment at ???? is soon.

It all means nothing and shouldn't be promoted as anything more than hype. The only proof anyone will believe is actual legitimate sales not promises that "MIGHT" occur sometime in the distant future. Besides the so-called golden "data" has been around for years with a decade of testing according to the companies own releases and the resident ad Professor. In fact, old Tao supposedly stumbled onto the phenomena which would revolutionize fluid dynamics by claiming that AOT can actually operate at turbulent flows but exhibit laminar like pressure spikes.

Qsep must believe its investors can not compare updates. Lane goes from “achievable” installation date of July 2018 to now some unknown date in 2019 which is still subject to inspection protocols that are unknown and now it’s all free! Management in its infinite wisdom releases a picture of the rig on a truck dangled like a piece of meat on a tender hook!

From Feb 2019:

"Last week, Shannon Rasmussen, our VP of Engineering, met with project partner team members at the demonstration site. “It was important for me to confirm first-hand the AOT installation location, orientation and utility coordination,” said Rasmussen. “Site and pipeline selection are excellent, with easy access and operating characteristics well aligned with our demonstration and data collection needs. Once site preparation is complete, we stand ready to deliver, install and begin operations.

"With progress accelerating on our AOT demonstration project, we are now in what we hope will be the final steps towards commercial operations."

Hope and final steps "towards" commercialization has been used as an excuse for a decade. It is merely business code for the fact that this will require many more years of engineering and testing just to get to a point where they can sell one unit. Current management is 7 months off its estimation for just getting this free pilot up yet investors still don't know an actual date of installation nor the partners name or site location. Concrete footings can take 2 months to set so this isn't happening anytime soon especially with the cold weather.

From December 2018:
"
Upon completion of inspection and testing protocols, the modified AOT was certified for operations and is now ready for delivery to the demonstration site. We expect site preparation (foundation, electrical interconnect, etc.) to begin in January, with delivery, installation and operations to begin shortly thereafter.


From October 2018:

“
Although final project terms may vary from those described in the current statement of work, we and the operator have a general understanding that, subject to the execution of a definitive agreement, the demonstration project will operate under an initial term of 36 months, targeting installation in December 2018”




From May 2018 update:

We are continuing to make progress on our 2018 targets for the installation and operation of one or more demonstration projects, with four customers at the site-location phase. In addition, we have begun to build supplemental relationships outside of the midstream market, with gaining interest in trucking and ocean shipping. Once again, we thank you for your support and we look forward to a great year.


From March 2018 update :

I would like to update you on progress we've made since my previous shareholder update letter. In January, I described three prospective customers considering AOT pilot programs. I am excited to report the first of these three potential pilots has received preliminary approval and has moved from concept to planning phase, targeting pilot installation in July 2018.”


From Jan 2018 update:

“Based on current timelines and discussions, we are projecting installation of our first pilot test in Q2-Q3 2018, followed by 30 to 60 days of testing to be completed by the end of Q3 2018. Subject to successful testing, we would execute definitive agreements to sell or lease equipment for the expanded rollout as defined in the original LOI in Q4 2018.

Based on current discussions with prospective pilot customers, we believe this schedule is achievable, putting us on target to begin commercial deployment by year-end. Armed with pilot project data, we should be positioned for accelerated sales in 2019 and beyond.”


From 2016 Update

“Looking forward to 2017, I'm pleased to say we have three active, collaborative AOT projects on our agenda. The first is documented in the November 28th, 2016 Form 8-K filing which sets forth the stages of AOT testing at the facility of a vertically-integrated company active in Alberta's oil sands region. The initial phase will commence in the first quarter of 2017, with a fully functional laboratory-scale AOT device. The objective is to assess the technical capability of AOT technology under field operating conditions characteristic of the oil sands. Following that process, based on positive results, the next stage would call for a full pump station installation ("Field Test"). Previous viscosity reduction and related tests performed on customer-supplied samples at Temple University's Department of Physics were highly favorable, which led to the current Field Test Agreement.

The second collaborative project involves a trial assessment and then full and potentially sponsored engineering of the AOT-XL, an innovative new addition to our flagship product line. This specially configured, high volume AOT system was developed upon request by the management team at a trusted, long-term collaborative partner within the midstream sector of the domestic energy industry. Designed for very high volume pipeline environments, the AOT-XL is fabricated to meet a target of 25,000 barrels per hour capacity (600,000 bpd). Initial laboratory tests of one of their crude oil samples has also shown favorable results.

The third project is our continuing collaboration with an entity based in the Middle East, one of the largest oil companies in the world. Customer-supplied samples of crude oil are in possession of Dr. Tao's team at Temple University for the full scope of testing and analysis to replicate the efficacy of AOT. The infrastructure of this high-output producer and transporter is massive in scale and could require numerous installations of the AOT technology at strategic points. Our discussions to date have encompassed a variety of deployment scenarios based on the improved flow volume and time-to-market goals of the customer.”


Wow...three active programs
and Zero revenue. Bravo!

From 2015
Quote:

“I am extremely pleased that today we are now in a more advantageous position than at any point in our history. Our commitment to a bifurcated strategy of acquiring undervalued assets while further optimizing our technologies has already opened up new horizon of opportunity, and will undoubtedly drive our expansion throughout 2016.
To date we have identified target acquisitions and hope to complete our first transaction with one of them shortly, subject to our obtaining sufficient acquisition financing. Once the deal has been finalized, QS Energy will have entered a new phase as a profitable and sustainable corporate entity, with the resources and expertise necessary to capitalize on the unique market conditions that only occur in a highly cyclical industry such as the energy sector.”


I wonder what became of the genius “bifurcated" strategy that the current CEO was brought on to implement! Bye bye Felicia!


From 2014 Shareholders letter
Quote:

It is our goal to re-deploy our inventory of AOT equipment with other pipeline operators in North America and internationally through our global business development efforts and our distributorship with Energy Tech Africa which provides us with representation in Africa and the Middle East. Existing and upcoming opportunities for positioning these income-generating assets will afford the Company with the necessary infrastructure venues for the next stage of AOT testing and optimization.
The Company currently owns five AOT pressure vessels; one which has been deployed to Texas under a short-term lease with options to extend the lease or purchase the equipment. This equipment is on schedule to be commissioned and the lease initiated in 2015. The remaining four AOT pressure vessels will be re-deployed either separately or together depending on the target pipeline infrastructure.
All of these objectives which we outlined at last year's Shareholders Meeting have been accomplished according to a pre-determined timeline that was both ambitious and aggressive. We are extremely proud of this effort and the accomplishments of our team and our supply chain partners and customers, given the extremely tight deadlines that all have had to operate under.


Or...they can warehouse them
In Tomball and charge admission to shareholders to come in and “kick the tires”

Words of wisdom..no sale is a sale until the cash register rings and the money is in hand! Qsep has been claiming imminent success since the turn of the century but they have simply been unable to execute any of the promises and claims of this alleged technology. All Qsep executives follow the same path and all have been heralded as the next “save the day” CEO. Yet the latest incarnation is no different than its predecessors. Lane was brought in specifically to generate acquisitions for the Qspool nonsense so if he couldn’t even provide one small deal it’s absurd to believe he is capable of bringing an unproven technology to market. Especially from a nanocap that needs to raise another 2 million dollars just to make it through 2019.

Oh yes you are correct since they downgraded to non accelerated. So much for the up-listing theories floated like balloons!

“Chill sano!
No investor here needs to read your 'pearls of wisdom'.
Take a break.
Or better still, invest and join the club!
That is if you aren't invested already. :)
“
Sorry I would never personally invest in a penny that is financially insolvent with no sales of any kind on the horizon. It’s amazing how all this praise is levied before they have even delivered the device yet. That fact didn’t prevent Qsep from posting a picture of the pipe strapped to a big rig as if it’s just getting on the highway. Yeah right! Seen it...smelt it and tasted it all before.

Apparently there is no current link for this “scheduled” update pr. It’s not illegal but just another example of how Qsep management remains as smarmy as ever! Not that it is such a big surprise. This type of move has been made a half dozen times before. It’s curious that this current update is leaked early to only a select audience as if investors haven’t seen that move before. It is page one of the Qsep historical playbook to exasperate the grand fluff feast prior to the upcoming reality check of having to show actual numbers!10k due out in 8 days... this update is all they had. Mercy!

Lol! Another non event PR and yet the skyrockets get sent up with predictions of an easy “30 bagger”! Comical! Apparently additional hiring continues without a word on how this company survives another Q without diluting it’s base by another 20%. Last Q they reported cash levels predicted to last through January. It’s February yet no mention of the company funding plan. No legitimate company reports crap like this...especially Qsep who has mislead its investors so many times and has pulled this “equipment on its way” stunt with the likes of China,Tcpl and Kmi that investors are numb to it all. Qsep still flogs pics of its failed pilots as if they were great achievements. This is what this company does. It’s a prop builder that pretends there is magic in its great white pipe.

The good news is they will be pitching at a small cap conference which is just another opportunity to fabricate more fluff and move paper.
The reality will be that 2019 will not bring a dollar of sales and mark 21 years of being “ pre revenue” hahaha!!!!!

Only “soaking” going on is the underwater investors from years of non-performance, ridiculous salaries and a bloated overhead with a buffet of continual ownership dilution. The ramp up of fluff must start soon to counter the 10k which will have come clean on the company’s real prospects which are nil! Qsep investors have heard it all before!

From 1/31/2017“
I think QSEP stock will be up 300% to 500% in 3 to 4 months time. I think the Canadian oil company will work out, and substantial progress will be made. Just my opinion.
“

Market watch shows the public float to be 241M so the idea that there is real scarcity of stock is just another dream that been floated for a decade.