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Thursday, 05/25/2023 8:33:54 AM

Thursday, May 25, 2023 8:33:54 AM

Post# of 53228
Reached out to Brad on a few items...he responded in a timely manner:

Thank you for reaching out and sharing your concerns regarding the Smart Tank and our follow-up on certain initiatives. We appreciate your feedback and understand the importance of providing updates to maintain transparency and investor confidence.

Regarding the Smart Tank, we are excited about its potential and the opportunities it presents. However, it's important to note that the nature of our business often involves confidentiality agreements with major corporations. These agreements are in place to protect the interests of all parties involved and ensure the successful development and deployment of our technologies.

While we strive to provide timely updates, it's important to understand that the process of testing, refining, and securing contracts with larger entities can take significant time. This includes rigorous evaluations, negotiations, and sometimes multi-year testing periods. As a result, we may not always be able to disclose detailed information until appropriate milestones are reached and confidentiality agreements allow.

Regarding Upstream, we understand the anticipation for updates and apologize for any frustrations caused by the lack of recent news. Rest assured, we are actively working on various initiatives, including Upstream, and will provide updates as soon as we can.

We value your support and appreciate your patience as we navigate the complexities of our industry. We remain committed to driving growth, solidifying our initiatives, and delivering long-term value to our shareholders.

If you have any further questions or concerns, please feel free to reach out. Thank you for being part of the iQSTEL community.

Best regards,

Brad
Investor Relations Manager
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