Thank you, yes it is amazing that some investors don't even know that many start ups take years to bring a product to market, (especially new disruptive technologies) and in many cases raise much more than $100M!
QSEP IS CURRENTLY TESTING WITH CENOVUS and KINDER MORGAN was mentioned in the most recent 10K as active with QSEP.
QSEP CONTINUE TO TEST WITH HUGE OIL COMPANIES
QSEP is a high quality OTC company with A REAL PRODUCT that trades on the OTCQB. Most OTC companies don't even have a product! And yet those OTC stocks can skyrocket. QSEP has a REAL PRODUCT, with a REAL TECHNOLOGY verified by independent 3rd parties. QSEP's AOT is of interest to many of the best names in the oil industry like Kinder Morgan and Cenovus as well as many state owned oil companies.
Major oil companies continue to come forward and test the AOT on their pipelines. The first was TransCanada, the second was Kinder Morgan, and Newfield Oil also. QS and AOT has had interest from Iraq, Saudi Arabia and Columbia too. And now a gulf coast oil company and Cenovus have stepped forward, and yet again we see yet another oil company display a willingness to test AOT and pay for the privilege. Why is that? These are not nobodies in the oil space. These are the largest oil behemoths worth billions of dollars. Are we not to believe they have done their own due diligence? There is no reason for these companies to come forward and test AOT on their valuable pipelines without good reason.
I have discussed with a fellow investor why things have taken so long and whether or not something was amiss with the technology. He argued that every stage of development there has been a logical conclusion which each time has moved the technology forward. There are things that QSEP simply could not learn without a test at scale on a live pipeline. Yes we can argue how good or bad management has been along the way, and we can certainly question whether better and more qualified CEO or management team could have gotten QSEP to the finish line by now or faster. But nonetheless, they are still receiving interest and executing testing contracts with with large oil companies, and that tells me that QSEP has a viable and valuable solution for the oil pipeline industry. It will only take one deployment for this story to work out and QSEP to become a lot more valuable.