QS Energy Inc (QSEP)

[moorea9]

This reference to a budget for 2015 is interesting.

It is consistent with the fact that the deadline for the test has been advanced from End December 2014 (the natural end of the lease i.e. End june = acceptance date + 6 months lease = end December) to October 15th, thanks to the termination notice. Which brings back TC to their initial planning should the installation not have been delayed (april 15th + 6 months = October 15th).

It is also consistent with the fact that a big order must be budgeted by the managers in charge. Which leads me to think that the termination notice and the wording (positive wording) have received the OK of the top TC management.

Only a very successful 15 days testing could have motivated such OK from top management.

Why ? When a test delivers outstanding parameters, you know instantly that the device is working. Whereas when the parameters are just OK or So-So, you cannot draw any immediate conclusions about the device, the operational conditions, or the environment parameters. You avoid disrupting the testing calendar by issuing an early termination notice. You then have to take your time, even if it means not meeting the budget dates.

I am confident that the preliminary tests have had outstanding results, and that the logical outcome is an order either for 1 AOT or hopefully for a whole bunch of them, just in time for the 2015 budget.