Replies to post #42781 on QS Energy Inc (QSEP)

[zerosum]

Having a a multi billion dollar corporations that are best of breed in their industry shut down part of their operations to try out a product from the back of a magazine is a better analogy. They could have paid nothing at all. Seeing them pay is better. Shows more commercial interest, which I think was the topic.

[zerosnoop]

ABSOLUTELY FALSE according to CENOVOUS. Sales of the PROVEN AOT are FAST APPROACHING. FURTHER EVIDENCE the PROVEN AOT will be going to CENOVUS in CANADA as per the FACTS in the 10k below. The big players in the oil industry want the PROVEN AOT as per the EVIDENCE below. This is about the PRESENT, NOW & the FUTURE, not what happened 15 years ago.

The Company generated $50,000 in revenue from the viscosity reduction license during the six-month period ended June 30, 2017.

In November 2016, the Company executed an agreement with Cenovus FCCL Limited (“Cenovus”), a Canadian company, for the field testing of the Company’s AOT equipment at a fixed cost of $50,000. As the part of the agreement, Cenovus will pay the Company $25,000 in January 2017. The balance of $25,000 will be due upon completion of the test analysis and final report. The field testing was performed in January 2017. Final analysis and test report is scheduled to be completed in April 2017. Upon completion of the field testing and collection of the amount due, the Company will recognize the $50,000 as revenue.

More EVIDENCE below that PROVES CENOVUS wants the PROVEN AOT

https://ir.qsenergy.com/press-releases/detail/2031


QS Energy Completes AOT Testing on Alberta Bitumen, Establishing Benchmarks for Opex Savings and Environmental Benefits in Oil Sands Market

SANTA BARBARA, CA -- (Marketwired) -- 02/10/17 -- QS Energy, Inc. (the "Company") (OTCQB: QSEP), a developer of integrated technology solutions for the energy industry, today announced the successful demonstration of a modified AOT (Applied Oil Technology) system to measurably reduce the viscosity of Canadian synthetic crude oil, offering pipeline operators the potential to improve flow volume, reduce reliance on diluents, meet carbon emission reduction goals, and other measurable operational efficiencies. The field tests were conducted on Alberta oil sands dilbit using a miniaturized AOT system which replicates QS Energy's full-scale vessels designed for use on high volume commercial crude oil pipelines.

"Through collaboration with an upstream customer we've established a strong performance benchmark for AOT on oil sands products, achieving results on par with laboratory testing conducted at Temple University by Dr. Rongjia Tao, a leading researcher in the development of technologies based on the use of electrorheological principles," commented Greggory M. Bigger, QS Energy Chief Executive Officer and Chairman. "In the lab, we have routinely attained viscosity reduction of similar degree on super heavy, heavy, and ultra-light crude oils ranging from 15% to more than 40%. Though we are restricted from disclosing specific details of this in-field test, we can report that they correlated well with laboratory results and full-scale testing performed on closed-loop and commercial pipelines."

Developed in collaboration with crude oil producers and transporters to optimize the performance of the global pipeline infrastructure, AOT was originally field tested on a closed-loop pipeline by the U.S. Department of Energy at the Rocky Mountain Oilfield Testing Center during which viscosity reductions greater than 56% on a medium crude oil product were recorded. A more recent commercial deployment of a four-vessel AOT Midstream system on a high-volume, mid-continent pipeline achieved viscosity reductions better than 20% on heavy crude oils, results that were independently verified by third parties.

"This month's successful benchmark test on diluted crude oil from oil sands sources demonstrates strong potential for reducing operational overhead costs for our customers and helping them meet CO2 and methane reduction goals which is particularly relevant with the availability of tax credits, rebates, and other financial incentives through carbon levy and carbon pricing programs," Mr. Bigger stated. "Because AOT is designed specifically to increase pipeline efficiency and throughput and reduce reliance on diluent and other additives, it can deliver substantial savings by lessening the degree by which these thinning agents displace feedstock and take up valuable pipeline capacity. This factor alone can drive tens of thousands of dollars a day to the bottom line of producers when AOT is in use on a high-volume pipeline transporting 100,000 to 200,000 barrels per day."

Mr. Bigger added that with the introduction of Alberta's Carbon Levy on January 1st of this year, the retrofitting of AOT for use in treating Alberta oil sands could not be more timely.

"By improving flow, countering pipeline pressure drop, and increasing pipeline capacity, AOT can potentially lower pump station power consumption and thereby reduce greenhouse gas (GHG) emissions," he stated. "Based on the support of Alberta's Climate Leadership Plan by the largest producers active in the oil sands, we agree that revenue generated from market-driven carbon pricing programs will encourage the development and use of GHG-reducing technologies and position Alberta as a recognized global leader in the application of clean technologies in the oil and gas industry."

Home to the third largest oil sands deposits in the world, the Province of Alberta and the companies active in the region have made finding solutions to improve the flow of the thick, asphalt-like bitumen a central focus of research and ongoing capitalization. Despite a reduction in new projects following a drop in spot prices in 2014, oil sands output is still projected to reach 3,000,000 barrels per day by 2020. The growing use of new extraction and processing technologies also hold the potential for bitumen production to become profitable at the current oil benchmark prices of $50 USD per barrel, according to a report issued last month by CIBC World Markets, the research arm of the Canadian Imperial Bank of Commerce.

Covering an area of roughly 54,800 square miles in northern Alberta, the Athabasca, Peace River, and Cold Lake oil sands deposits contain an estimated 315 billion barrels of recoverable oil, approximately 80% of which is extracted through drilling and other forms of in-situ production. The bulk of the bitumen and dilbit produced in the region and diluent used as a thinner are primarily transported by the Cold Lake, Corridor and Polaris pipeline systems. With AOT's efficacy now tested on a variety of oil sands samples, its ability to significantly reduce the viscosity of bitumen and its derivatives could help maximize the intended benefits of carbon-pricing within the Alberta energy sector which contributes in excess of $50 billion annually to Canada's gross domestic product of $1.5 trillion

For further information about QS Energy, Inc., visit www.QSEnergy.com, read our SEC filings at http://ir.stockpr.com/qsenergy/all-sec-filings and subscribe to Email Alerts at http://ir.stockpr.com/qsenergy/email-alerts to receive company news and shareholder updates.

Safe Harbor Statement:
Some of the statements in this release may constitute forward-looking statements under federal securities laws. Please visit the following link for our complete cautionary forward-looking statement: http://www.qsenergy.com/site-info/disclaimer

About AOT (Applied Oil Technology)
Developed in partnership with scientists at Temple University in Philadelphia, AOT (Applied Oil Technology) is the energy industry's first crude oil pipeline flow improvement solution using an electrical charge to coalesce microscopic particles native to unrefined oil, thereby reducing viscosity. Over the past four years AOT has been rigorously prepared for commercial use with the collaboration of over 30 engineering teams at 19 independent oil production and transportation entities interested in harnessing its demonstrated efficacy to increase pipeline performance and flow, drive up committed and uncommitted toll rates for pipeline operators, and reduce pipeline operating costs. Although AOT originally attracted the attention of pipeline operators motivated to improving their takeaway capacity during an historic surge in upstream output resulting from enhanced oil recovery techniques, the technology now represents what we believe to be the premiere solution for improving the profit margins of producers and transporters during today's economically challenging period of low spot prices and supply surplus.

About QS Energy, Inc.
QS Energy, Inc.(OTCQB: QSEP), provides the global energy industry with patent-protected industrial equipment designed to deliver measurable performance improvements to crude oil pipelines. Developed in partnership with leading crude oil production and transportation entities, QS Energy's high-value solutions address the enormous capacity inadequacies of domestic and overseas pipeline infrastructures that were designed and constructed prior to the current worldwide surge in oil production. In support of our clients' commitment to the responsible sourcing of energy and environmental stewardship, QS Energy combines scientific research with inventive problem solving to provide energy efficiency 'clean tech' solutions to bring new efficiencies and lower operational costs to the upstream, midstream and gathering sectors. More information is available at: www.QSEnergy.com

Image Available: http://www.marketwire.com/library/MwGo/2017/2/9/11G129904/Images/MultimediaAsset1-378075462.jpg

Company Contact
QS Energy, Inc.
Tel: [phone]
E-mail: [e-mail]

Investor Relations
QS Energy, Inc.
Tel: [phone]
E-mail: [e-mail]

Source: QS Energy, Inc.

Released February 10, 2017

[zerosnoop]

ABSOLUTELY FALSE according to the EVIDENCE in the latest shareholders update released RECENTLY. The PROVEN AOT will be sold WORLD WIDE as per the FACTS below

https://ir.qsenergy.com/press-releases/detail/2036


QS Energy CEO Jason Lane Issues Shareholder Update

HOUSTON, TX -- (Marketwired) -- 11/02/17 -- QS Energy, Inc. (the "Company" or "QS Energy") (OTCQB: QSEP) is a developer of integrated technology solutions for the energy industry. The following is a shareholder update from Jason Lane, Chief Executive Officer and Chairman of the Board, QS Energy, Inc.

Dear Shareholders,

I am pleased to share this update with everyone on behalf of QS Energy. As most of you are aware, I have been on the job now for 7 months, having taken the helm at QS Energy in April. This letter underscores my enthusiasm about important progress we've made on multiple fronts over this short period of time, including a revamp of our go-to-market strategy with AOT; added depth of our leadership team and board; growing domestic and international interest in our technology; and the confidence and support of our shareholders in the Company's long-term product and financial strategies as demonstrated in our recent consent vote. Each element in this mix is crucial to QS Energy's future growth and success.

Revised go-to-market strategy: "eDiluent"
Our team continues to see increasing demand in the oil industry for new means of achieving viscosity reduction. Oil companies today often dilute heavy crudes by more than 25%, incurring considerable direct and indirect costs of adding condensate or other diluent, along with pipeline tariffs to transport diluent combined with heavy crude, while potentially degrading the market value of the final diluted product. Our AOT technology addresses this demand, and we've made some important changes in our business model to take advantage of this market opportunity.

In essence, using our AOT solid-state technology to reduce viscosity provides an electronic form of diluent -- a service we call "eDiluent" (trademark pending). Priced at a fraction of the cost of diluent replaced through AOT viscosity reduction, eDiluent can be a true win-win, with midstream operators positioned to upsell eDiluent as a premium service, while upstream producers enjoy reduced reliance on diluents, increased delivery volumes, decreased transport tariffs, and increased market value of their delivered product. This comes with ancillary benefits of AOT operations, such as improved vapor pressure and reduced off-gassing, pipeline pressure-drop reduction, elimination of bottlenecks, increased pipeline capacity, and reduced downtime.

Having received strong initial interest in our eDiluent concept, we are now working with select midstream companies to develop, install, and operate short-term demonstration projects. As currently proposed, equipment for these demonstration projects would be provided at no cost. Once cost savings have been established, we intend to initiate long-term leases with recurring eDiluent service fees at the demonstration site, and look to install additional AOT equipment throughout customer operations.

We are encouraged by both domestic and international opportunities. In October, we completed laboratory testing at Temple University on crude oil samples provided by a prospective customer from the Middle East, and are now preparing to run laboratory tests on a crude oil sample recently provided by a U.S. midstream oil company. Shannon Rasmussen, our VP of Engineering, and I will be traveling in early November to meet with 7-8 prospective customers in three South American countries that transport heavy crudes and are highly reliant on naphtha, a very expensive source of diluent. In Peru and Ecuador, we will be visiting two on-site oilfield operations performing feasibility studies. We are also advancing our discussions with companies in Europe and China.

Value Engineering
Last year, the Company began a value engineering program to develop and implement design improvements based on lessons learned in field tests under commercial operating conditions. As reported in February 2016, our initial value engineering efforts improved measured electrical impedance by a factor of two orders of magnitude. These design changes increased system efficiency while widening the scope of feedstocks we can treat to include certain electronically-conductive crudes. These results were supported by field tests performed on a condensate pipeline in 2016.

Since joining QS Energy in July, Mr. Rasmussen has reinvigorated our value engineering efforts with three goals in mind: to decrease cost-of-goods; decrease supply chain fabrication time; and widen our product line to meet the conditions and constraints specified by prospective customers. As a result, we are anticipating a 30%-40% reduction in cost-of-goods and a 30% decrease in production time. Mr. Rasmussen is in the process of expanding our product line to include Upstream AOT -- designed to operate in the upstream and gathering market, and meet specific requirements of prospective customers in South America; and AOT XL -- a design initiated several months ago with four times the capacity of our standard Midstream AOT, designed to meet demands of very high-volume operations and space-constrained operations such as an off-shore oil platform.

Expanded equity structure to drive growth
I'd like to thank our shareholders for your support and actions on our recent consent vote, approving our plan to authorize an additional 200 million shares of common stock and create a new class of preferred stock of 100 million additional shares. This expanded equity base provides a critical new foundation we plan to leverage in our efforts to accelerate market adoption of our AOT technologies and build upon our revised business.

Key to accelerated market adoption is our planned roll-out of a hybrid lease/eDiluent service model, designed to reduce customer cost-of-deployment, while providing long-term recurring revenues for the Company. We recognize that an equipment lease strategy comes with increased capital requirements. This was one of the primary reasons for asking our shareholders to authorize the issuance of preferred stock. Our goal now is to use this combined preferred/common structure to fund our final push into the commercial markets while minimizing shareholder dilution. In particular, we would like to use preferred shares to provide initiative-based funding, such as building equipment to be leased into the market. We have started conversations with institutional investors and others to fund QS Energy's market strategy moving forward, and to build up inventory to deploy in the field, domestically and internationally.

Closing thoughts
All of us at QS Energy continue to work diligently in our efforts to move our Company forward towards full commercialization, revenues and profitability. I have enjoyed visiting with many shareholders over the last several months. I share your enthusiasm, and assure you my team and I are doing everything in our power to make QS Energy the thriving, successful Company we all believe it can be. We look forward to seeing the AOT operating in the field worldwide, solving many of the problems that oil pipeline operators face today. In closing I would like to thank you all once again for your belief in myself, my team, and the Company and I look forward to bringing you all definitive news in the near future.

For further information about QS Energy, Inc., visit www.QSEnergy.com, read our SEC filings at http://ir.stockpr.com/qsenergy/all-sec-filings and subscribe to Email Alerts at http://ir.stockpr.com/qsenergy/email-alerts to receive Company news and shareholder updates.

Safe Harbor Statement
Some of the statements in this release may constitute forward-looking statements under federal securities laws. Please visit the following link for our complete cautionary forward-looking statement: http://www.qsenergy.com/site-info/disclaimer

About Applied Oil Technology
Developed in partnership with scientists at Temple University in Philadelphia, Applied Oil Technology (AOT) is the energy industry's first pipeline flow improvement solution for crude oil, using an electrical charge to coalesce microscopic particles native to unrefined oil, thereby reducing viscosity. Over the past four years AOT has been rigorously prepared for commercial use with the collaboration of engineering teams at numerous independent oil production and transportation entities interested in harnessing its demonstrated efficacy to increase pipeline performance and flow, drive up committed and uncommitted toll rates for pipeline operators, and reduce pipeline operating costs. Although AOT originally attracted the attention of pipeline operators motivated to improving their takeaway capacity during an historic surge in upstream output resulting from enhanced oil recovery techniques, the technology now represents what we believe to be a premiere solution for improving the profit margins of producers and transporters during today's economically challenged period of low spot prices and supply surplus.

About QS Energy
QS Energy, Inc. (OTCQB: QSEP), provides the global energy industry with patent-protected industrial equipment designed to deliver measurable performance improvements to crude oil pipelines. Developed in partnership with a leading university along with crude oil production and transportation entities, QS Energy's high-value solutions address the enormous capacity inadequacies of domestic and overseas pipeline infrastructures that were designed and constructed prior to the current worldwide surge in oil production. In support of our clients' commitment to the responsible sourcing of energy and environmental stewardship, QS Energy combines scientific research with inventive problem solving to provide energy efficiency 'clean tech' solutions to bring new efficiencies and lower operational costs to the upstream, midstream and gathering sectors.

Company Contact:
QS Energy, Inc.
Tel: [phone]
E-mail: [e-mail]
Sales: [e-mail]

Investor Relations:
QS Energy, Inc.
Tel: [phone]
E-mail: [e-mail]

Source: QS Energy, Inc.

Released November 2, 2017