QS Energy Inc (QSEP)

[zeroedin]

Smile....Why would QSEP waste its resources by bifurcating them on different projects at this point? I would think that the AOT would need substantial capitalization. Why revive the joule heat technology now? Nothing was mentioned about this at the annual shareholders meeting. Input on this by anyone would be welcomed.


The Company plans to restart shortly commercial development of a suite of products based around the Joule Heat technology. The Company began fabrication of prototype equipment to be operated under a joint development agreement with a commercial entity in the fourth quarter of 2014. The Company’s first Joule Heat prototype was installed for testing purposes at the Newfield facility in June 2015 and the system is operational; however, changes to the prototype configuration will be required to determine commercial effectiveness of this unit. In addition, the Company filed two additional provisional patents related to the technology’s method and apparatus. In December 2015, we temporarily suspended Joule Heat development activities to focus Company resources on finalizing commercial development of the AOT Midstream. We currently plan to resume Joule Heat development in 2018 depending on the availability of sufficient capital and other resources.