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We still don't have Q1 statements for FLCX or QREE. They're 2 quarters behind - We haven't yet seen the impact of distributors and manufacturing.
No sign of an installed QE device anywhere, not a single social media post from a distributor. Also 10Qs for QREE and FLCX are way late.
Quantum Energy, Inc. Announces Retirement of Chairman William Hinz
Quantum Energy Inc. (OTC: QREE), ("Quantum"), a worldwide exclusive licensee of flywheel energy storage systems, energy conditioning systems, and rare earth material supply and manufacturing, today announces the retirement of William Hinz,
And they spend barely anything on CapEx or materials. Their last report listed $249.5K of equipment purchases but $1.7M on professional fees, Also don't list any inventory or raw materials.
Yes, ARC Energy has the contract to build the 500k units and Quantum has an agreement with ARC that pays them for $1000 per deployed system plus 20% electricity royalties.
ARC Energy has contracted with PNOC to develop 500,000 affordable housing units and it anticipates starting construction on these units in Q2
the Company will receive a license fee of $3,000,000.00 and a $1,000.00 payment, under a cost-plus contract, for each residential housing unit powered by its Direct Energy System
Initial Direct Energy Systems will be supplied by the Company in the United States.
What about the various patents besides putting solar cells in a light source? Flooid was to contribute 136 patents to the merger. Are there patents for the magnetic propulsion or rare earth processing? There was also a Tampa office to open Feb 1.
FLCX:
*136 filed and to be filed utility and design patents involving photonic collection systems;
*$14 million in non-amortized intellectual property from FLCX processes related to treating and separating rare earth materials.
What's the cost? The case for interior solar needs both sides of the CBA. How much is spent upfront to provide $7/yr of recaptured energy?
The published patents describe putting solar cells on the inside of a light fixture that outputs to USB or ethernet - Don't see the point.
Method of Forming a Photovoltaic Light Fixture
Implementations of a method of forming a photovoltaic light fixture may include coupling a photovoltaic construction to an interior surface of a light fixture housing. The photovoltaic construction may include a photovoltaic module having a plurality of photovoltaic cells and outgoing photovoltaic wiring directly coupled electrically and mechanically to the photovoltaic module. The method may also include electrically coupling the outgoing photovoltaic wiring to either a battery or a capacitor. The outgoing photovoltaic wiring may include either a universal serial bus (USB) cable or a power over ethernet (PoE) cable. The USB cable or the PoE cable may be configured to harvest power from the photovoltaic module.
1. A photovoltaic construction comprising: a photovoltaic module comprising a plurality of photovoltaic cells; and outgoing photovoltaic wiring directly coupled electrically and mechanically to the photovoltaic module; wherein the outgoing photovoltaic wiring comprises one of a universal serial bus (USB) cable or a power over ethernet (PoE) cable; wherein the one of the USB cable or the PoE cable is configured to harvest power from the photovoltaic module.
Yes, FLCX is now Pink Limited Information - Delinquent SEC Reporting.
How are the other distributors coming along? There's supposed to be various offices and facilities open by now.
Viridis will be announcing its office and facility location within the month. Quantum will be announcing the opening of its first Michigan service facility and offices by the end of this month.
ARC Energy has contracted with PNOC to develop 500,000 affordable housing units and it anticipates starting construction on these units in Q2.
They put out their annual report through Dec 2023. Cash is at $1.23 Million with $327K of equipment. Zero revenue while recording a loss on CoGS of $259k - Does this mean writing down inventory on rare earths?
https://www.otcmarkets.com/otcapi/company/financial-report/398365/content
FLCX is now also Pink Limited Information - Delinquent SEC Reporting. What is going on with these companies that were just planning to merge?
https://www.otcmarkets.com/stock/FLCX/overview
They've put out press releases about signing them and mentioned things like a backlog of installations, without actually saying if a single installation has happened.
Same story with the catalog of 400+ Quantum offerings, not publicly available anywhere - Why wouldn't they publish their sales catalog?
QREE has not released their quarterly report covering through Dec 2023 and is now 'Pink Limited Information' on OTC markets. They put out notice of late filing on Mar 29, but the report hasn't been published.
I was hoping to see the impact of the distributors conference and license fees - They were getting low on cash and have bond payments to make.
Also, Aesir Energy has taken down the front page content and only has a placeholder. https://aesir.energy/
Is it a source of energy using rare earth magnets or magnet assisted flywheel energy storage? What is the function of the Photon Engine in Quantum's Direct Energy technology?
They also claimed in Feb 2023 that FLCX has 136 patents some of which are filed:
As part of the transaction, the following intellectual property will be contributed to the combined entity:
FLCX:
136 filed and to be filed utility and design patents involving photonic collection systems;
$14 million in non-amortized intellectual property from FLCX processes related to treating and separating rare earth materials.
Is there any update on patents? In January they said:
Chief Operating Officer Craig Kitchen stated: “This product effort is the result of nearly four years of challenging laboratory work, and having all of the technology licenses under one roof is a great result for the Company and its shareholders. The Company’s new solar line will be deployed in late February as soon as the final few patents are filed, and we have safety certifications in place.
Yeah, its unclear what the point of FLCX is at all when the company has no assets or operations.
The tech went Danzik -> WyoTech -> Inductance -> Quantum.
All technology licenses are being granted from WYOTech Investments Group, LLC, (“WYOTech”), Danzik Applied Sciences, LLC, (“DAS”) and Inductance Energy Corporation (“IEC”), for $1.00 (One dollar).
The license agreements do not change royalty terms for WYOTech, on magnetic related technologies, or earnings for IEC in regards to Photon Engines for energy production. Neither DAS or Mr. Danzik will receive any royalty benefit for the technology transfer.
Inductance Energy Corporation (“IE”), currently operated as a majority owned subsidiary of Quantum Energy, Inc., will continue in its current structure, and current shareholders of Inductance Energy Corporation will retain their current ownership of IE.
You've provided some info (300 to 400 W aluiminum panels) at times. I'd like to read more on these promising energy technologies they've developed: magnetic, solar, Iron-air batteries. Are they going answer with details they haven't released publicly to a non-investor?
Are they going to be able to tell me what category of solar panel tech they are using or is that confidential?
Aesir Energy has published that Quantum has $300 Million of signed contracts to install Quantum's system at large retailers.
Quantum Energy is an energy technology company with proprietary magnetic driven generator technology that is now ready for market. With over $300 million dollars in fully signed contracts to fulfill for large big box retail chains, agriculture, and industrial locations.
This technology is tested and proven to lower electric bills by 30% or more.
Installation of Quantum’s Energy System is a store promise substantial energy cost savings, estimated at 30% minimum annually.
Is FLCX still connected to Quantum? The merger is cancelled but they are renaming to Quantum Energy Corp...
Merger Cancellation on Mar 21 2024
Both FLCX and QREE will continue to operate as separate and distinct entities, each maintaining their respective corporate structures and trading status on the OTC Markets.
They aren't posted publicly - Could you give somewhat more detail on the things you have already given limited information on instead of tell me to travel across the country? You talked about them assembling rigid aluminum panels. Why give that detail but respond to a followup question with fly to the Southwest?
What kind of photovoltaic device is it? - Silicon, GaAs, thin film CdTe,,,? The only description they provide is that it weighs less than monocrystalline solar panels. What kind of solar cell is being assembled into panels?
What kind of panels are they printing? The only details I've seen describes it as:
The new Quantum solar (photovoltaic) product line is the first ultra-lightweight (about 15% of the weight of a monocrystalline) solar panel, that does not require the use of glass.
No - Not if the fraction of recovered energy isn't worth the upfront cost vs outside solar. Have you noticed people don't do this now? What's the innovation here, the idea of indoor solar panels?
Also, are they manufacturing them or just buying them? If they are, when did they develop solar panels and do they have a semiconductor foundry?
Yeah - QE, IEC, WyoTech are all them. There's no external group they are licensing anything from, its all various entities they have made and passed along.
Why is this happening after the merger was canceled? I also never saw the point of merging with an inactive company.
One of the Company’s featured products is Photon Lighting Systems, a revolutionary technology enabling light fixtures to generate power while being energized. This technology is compatible with various light sources including LED, incandescent, fluorescent, and sodium vapor. In addition, the Company is the exclusive provider of Photon Engines (PEs), which require minimal power for activation and are capable of storing substantial electrical energy.
The FLCX merger was cancelled, What is the connection of FlooidCX to QE?
They have posted financial statements, not 10Qs but quarterly reports. Last quarter ending 9/30/2023 they had $2.1M Cash.
https://www.otcmarkets.com/stock/QREE/disclosure
I learned that company critical events will be increasing by leaps and bounds, such as a move to NASDAQ and a QQQQ starting initial public offering that will be impressive,
And though they did everything in their power not to disclose insider information, there is enough information given to cause my trust in the company to skyrocket. I learned that shortly two press releases will be offered by their new PR firm, and these releases, unlike before, will be released to the world--not just to shareholders. I learned that company critical events will be increasing by leaps and bounds, such as a move to NASDAQ
It's their own published material they put out on their Youtube Channel. I really don't get this point - How is recorded video and memorialized writing subject to interpretation in a way a phone conversation can't be? How are 1:1 statements on the phone better than polished material they have chosen to put in a press release or financial filing?
https://www.youtube.com/@QuantumEnergyCorporation/videos
They put out demonstrations and investor presentations on YouTube, it's their own material not just stuff "from Youtube". Dorick is not the source of my opinions, its Quantum statements on their own videos and published press releases.
They put out written descriptions and video of their devices and plans. Why do you emphasize calling the individuals so much? What are they going to reveal in personal calls that hasn't been publicly released? It's a public company, they can't just give out proprietary or material info in call to anyone.
Can you explain why the FLCX merger was canceled?
FLCX Merger has been canceled.
On March 23, 2023, flooidCX Corp. (“FLCX”), a Nevada corporation, and Quantum Energy, Inc., a Nevada corporation (“QREE”), entered into an Agreement and Plan of Merger (the “Agreement”). Subsequently, the parties agreed that it was no longer in their material interest to proceed with the merger, and on March 21, 2024 the parties entered into a termination agreement which officially terminated the merger and the merger agreement, and released the parties from all liabilities related thereto.
Both FLCX and QREE will continue to operate as separate and distinct entities, each maintaining their respective corporate structures and trading status on the OTC Markets.
As a result of the termination of the Agreement, the planned changes in the management structure, company name, and trading symbol for Flooid will not take place. Inductance Energy Corporation (“IE”), currently operated as a subsidiary of Quantum Energy, Inc., will continue in its current structure as a wholly owned subsidiary of QREE, and shareholders of Inductance Energy Corporation will retain their current ownership of IE.