Telix QSAM Inc (QSAM)

[BuddyWhazhizname]

History of the last pilot plant using the Q2Power engine.

Q2Power was spun out of Cyclone Power Technologies (CYPW) last year. Q2P's CEO is Chris Nelson who was Executive Vice President and General Counsel of Cyclone January 2009 and March 2011 (and President and General Counsel until July 31, 2014).

Starting in January 2009 Cyclone made a number of announcements regarding a pilot plant at a company called Bent Glass Designs in Pennsylvania:

January 28, 2009: "Bent Glass Design Purchases Engine System From Cyclone Power Technologies" http://www.marketwired.com/press-release/Bent-Glass-Design-Purchases-Engine-System-From-Cyclone-Power-Technologies-921147.htm

February 10, 2009: "Cyclone Power Technologies Secures License for Waste Heat Recovery Power Systems", http://www.businesswire.com/news/home/20090422005428/en/Cyclone-Power-Technologies-Secures-License-Waste-Heat#.VQ2ed-F26zk

June 30, 2009: "Cyclone Power Improves Performance and Durability of Waste Heat Engine". http://www.cyclonepower.com/press/06-30-09.pdf

July 22, 2009: "Cyclone Power Commences Durability Testing of Waste Heat Engine", http://www.bloomberg.com/apps/news?pid=newsarchive&sid=ayEemLBc7gGA

October 13, 2010: "Cyclone Power Technologies Completes Testing, Ships Initial Waste Heat Power Generator", http://www.cyclonepower.com/press/7-13-10.pdf

November 3, 2010: "Pennsylvania Utility Approves Cyclone Power Technologies' Application for Small-Scale Waste Heat Power Generator". http://www.cyclonepower.com/press/11-3-10.pdf

November 18, 2010: "We made substantial progress in the recent quarter towards the completion of our waste heat engine (WHE-25 model) prototypes, which we expect will lead to the commercialization of this product in the first half of 2011. Among the material events was the delivery in July of the WHE-25 system to Bent Glass Design in Hatboro, PA, for installation on its glass manufacturing furnace. This system will recover over 500,000 BTU of exhaust heat to run the WHE-25 combined with a grid-tied electric generator. This will offer our customer a predicted pay-back in less than 24 months. In November, the electric utility PECO approved our application to connect the system to the grid, allowing this installation to go live sometime in the fourth quarter of 2010." Letter to Shareholders, http://www.otcmarkets.com/financialReportViewer?symbol=CYPW&id=26193

December 8, 2010: "Cyclone Power Technologies to Present its Small-Scale Waste Heat Recovery System at Power-Gen International". http://www.cyclonepower.com/press/12-8-10.pdf

December 14, 2010: "Cyclone Power Technologies Successfully Powers-Up Small-Scale Waste Heat Recovery Pilot", http://www.businesswire.com/news/home/20101214005528/en/Cyclone-Power-Technologies-Successfully-Powers-Up%C2%A0Small-Scale-Waste-Heat#.VRDUUeF26zk

The last press release announced the system was finally operating, and that extensive testing would be conducted. That was the very last news of the Bent Glass Design pilot project. No explanation has been given about how long the engine operated or what happened to the Bent Glass Design installation.

Why does this matter to Q2Power investors? From page 27 of the 11/18/2015 Current Report (http://ih.advfn.com/p.php?pid=nmona&article=69381207):

"The Company’s operating subsidiary, Q2P was originally formed by Cyclone Power Technologies Inc. (“Cyclone”) in April 2010 in the state of Florida as a limited liability company called “Cyclone-WHE LLC.” The purpose of the Company at such time was essentially the same as it is today: to pursue waste-to-power and waste heat recovery business opportunities on a global basis. "

The Managing Director of Cyclone-WHE? Chris Nelson, now CEO of Q2Power.

After the Bent Glass Design experience, the only thing Cyclone-WHE produced was press releases.