Petroteq Energy Inc (PQEFF)

[NetworkNewsWire]

PQEFF Subsidiary Joins Hyperledger

Petroteq Energy Inc. (TSX.V: PQE) (OTCQX: PQEFF), a company focused on the development and implementation of environmentally friendly heavy oil processing and extraction technologies, this morning announced that its PetroBLOQ subsidiary has become the latest member of Hyperledger, an open source collaboration aimed at advancing cross-industry blockchain technologies. “We are excited to be part of the Hyperledger community of industry leaders and technology experts,” Alex Blyumkin, CEO of Petroteq, stated in the news release. “As pioneers in the development of blockchain applications for the oil and gas energy, PetroBLOQ is excited to contribute to the Hyperledger collaboration.” Hosted by the Linux Foundation, Hyperledger is currently supported by more than 180 diverse organizations.

To view the full press release, visit http://nnw.fm/1iJVC

About Petroteq Energy Inc.

The Company is engaged in the development and implementation of its proprietary environmentally friendly heavy oil processing and extraction technologies. Our proprietary process produces zero greenhouse gas, zero waste and requires no high temperatures. Petroteq is currently focused on developing its oil sands resources and expanding production capacity at its Asphalt Ridge heavy oil extraction facility located near Vernal, Utah. The company also owns a minority stake in an exploration and production play located in southwest Texas held by Accord GR Energy Inc. Under a joint venture agreement with Recruiter.com and Oilprice.com, we anticipate that the website offering employment opportunities in the Energy sector will be launched in the month of November 2017. Petroteq is also developing technologies to optimize petrochemical industry workflow processes and will bring a team of professionals to expedite the process. For more information, visit www.PetroteqEnergy.com