ABSOLUTELY FALSE. The funds raised were used to develop the PROVEN AOT. Sales of the PROVEN AOT are FAST APPROACHING. The PROVEN AOT is here to stay. This is about the PRESENT, NOW & the FUTURE, not what happened 15 years ago.
QS Energy Releases AOT Technical Update of Value Engineered Industrial Equipment Designed to Optimize Performance of Crude Oil Pipelines
SANTA BARBARA, CA -- (Marketwired) -- 06/27/16 -- QS Energy, Inc. (the "Company") (OTCQX: QSEP), a developer of integrated technology solutions for the energy industry, today released an AOT Technical Update documenting the functionality and operational benefits of its Applied Oil Technology crude oil pipeline optimization technology. Currently in commercialization phase and undergoing case study review with leading pipeline operators, AOT is designed to allow crude oil to flow at a higher volume by subjecting it to a high-voltage/low-amperage electrical field which decreases viscosity and reduces friction in pipelines.
"During discussions with shareholders and industry analysts we're often asked about the motivating factors which drive interest in AOT from producers and operators in Canada, South America, Europe and the Middle East," stated Greggory M. Bigger, QS Energy Chief Executive Officer and Chairman. "This document is meant to educate interested parties on how QS Energy operates and the many factors involved in reviewing the needs of our customers, determining the optimal configuration for our technology, and collaborating with executives and engineering professionals within our industry to ensure the efficient, safe and economical delivery of crude oil from oil field to market."
Based in California with supply chain partners in Casper, Wyoming, QS Energy has pioneered the use of electrical fields to improve the performance of crude oil pipelines and lower operating expenses (Opex) while favorably impacting tariff revenues at a time when the energy industry is seeking to mitigate margin compression and gain measurable efficiencies.
"From the development of the first AOT prototype, up to our latest value engineered system, our overriding goal has been to leverage our patent protected technology to provide quantifiable bottom line opportunities for our customers," Mr. Bigger added. "Extensive studies of the mechanical behavior of crude oil in pipelines have historically identified two primary factors capable of improving flow -- the lowering of the viscosity of the oil, and reducing friction within the line. AOT has demonstrated the ability to do both to an extent that pressure drop is reduced, flow volume is increased, and power consumption at pumping stations is lessened."
Entirely designed, fabricated and tested in the United States, AOT is ISO/TS 9001-compliant and ASME-certified industrial hardware approved for use in hazardous location Class 1, Div. I. rated areas and designed to optimize the performance of crude oil pipeline infrastructures.
AOT is the energy industry's first crude oil pipeline flow improvement solution using an electrical charge to anisotropically cause a conformational change of the microscopic particles native to unrefined oil, which lowers the viscosity of the oil and improves flow. AOT has been rigorously tested by Temple University's Department of Science and Technology and the U.S. Department of Energy, and is being commercialized in collaboration with engineering teams at independent oil production and transportation entities interested in harnessing its proven efficacy to increase pipeline performance and flow.
Benefits: Lowers viscosity of a wide spectrum of crude oils Reduces friction within pipelines Counters pressure drop, reducing the amount of energy used to power pump stations Minimizes friction loss, or the loss of pressure along the walls of the pipe Increases flow rate and volume of crude oil transported within MAOP (maximum allowable operating pressure) ratings Positive impact on tariff revenue for pipeline operators (transporters) Studies are currently underway to determine effectiveness in suppressing deposition of wax, reducing sludge and hydrocarbon buildup, and suppressing turbulence
The Importance of Friction Reduction in Pipelines
To achieve efficient movement of any fluid in a pipeline, the pressure maintained in the line and the viscosity of the fluid are important factors in ensuring optimal flow. Pressure must be used to move the fluid forward, and due to friction, this is impeded to varying degrees (fluid pressure drop). When pipeline flow and pressure reach a certain point, measured in Reynolds numbers, the flow can change from stable (laminar) to chaotic (turbulent), which introduces further inefficiencies in the forward movement of the fluid. By reducing the viscosity of crude oil, AOT also mitigates friction within the pipeline which helps improve pressure loss reduction and achieve higher flow volume.
The Physics Behind AOT
The development of AOT technology has its basis in research conducted by scientists, physicists and engineers in the field of electrorheological fluids and magnetorheological suspension. Working with our research and development partner Temple University, QS Energy is able to forecast AOT performance outcomes using mathematical calculations performed by Dr. Rongjia Tao, co-developer of AOT and Chairman of Temple University's Physics Department. Among the core calculations in play are those used to determine expected viscosity reduction of crude oil, anticipated pressure drop within the pipeline, and the estimated amount of AOT operating time necessary to treat all crude oil throughout the length of a pipeline.
The Importance of Viscosity Reduction in Pipelines
Since the construction of the first pipelines to move crude oil from the well to downstream destinations such as storage tanks and refineries, the industry has sought to improve flow by various means. The use of thinners (diluents), Drag Reduction Agents (DRAs), and heat have been introduced to supplement the pipeline pressure achieved with pumping stations. Fluid viscosity plays an important role in the function of any hydraulics system and is one of the main sources of internal fluid friction. Friction is responsible for major pressure loss, a factor that must be overcome by a strong pressure gradient created by a pump. By reducing viscosity of crude oil while in transit and contributing to the reduction of friction, AOT has shown an ability to counter pipeline pressure drop, thereby improving the efficiency of the system as a whole. The reduction of power required for flow also decreases demand on pump station motors, directly reducing the amount of carbon dioxide (CO2) emitted.
The Value of AOT in Today's Evolving Energy Sector
As the global oil and gas industry continues to recalibrate its operations in response to the current supply surplus, producers and transporters are investing in technologies that reduce cost and improve efficiencies. Since most pipelines are dependent on committed and uncommitted toll rates, AOT's efficacy in improving flow rates by one-and-a-half to three percent has the potential to greatly impact tariff revenues and profitability. When fully optimized, the AOT system may improve the efficiency of virtually any crude oil pipeline system, providing the opportunity for pipeline operators to reduce operating costs and drive more revenue based on applicable toll rates due to higher flow rates.
"A significant percentage of pipelines are operated at a constant pressure or power level, providing enormous opportunity for the viscosity reduction capabilities of AOT to increase pipeline capacity and flow volume and therefore boost revenues derived from tariff rates," Mr. Bigger commented. "Following several years of design refinements and the current commercialization phase, we believe AOT is uniquely positioned within the global energy industry as a cost-efficient, low maintenance solution capable of having a positive impact on the operations of oil producers and transporters during today's down cycle and well into the future. We are now ready to offer this technology as a complete turn-key, pressure drop reduction tool that can be customized to fit the needs of a variety crude oil pipeline companies."
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 proven 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 interested in improving their takeaway capacity during an historic surge in upstream output resulting from enhanced oil recovery techniques, the technology now represents 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. (OTCQX: 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
ABSOLUTELY FALSE according to the EVIDENCE from the latest shareholders update released RECENTLY. The PROVEN AOT will be sold WORLD WIDE as per the FACTS below
QS Energy CEO Jason Lane Issues Shareholder Update
HOUSTON, Feb. 11, 2019 (GLOBE NEWSWIRE) -- 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:
The new year is off to a quick start as the Company continues to advance a number of important initiatives. Of course, top on this list is our AOT demonstration project, which continues to progress as planned. As of today, much of the work on this project is in the very capable hands of our pipeline operations partner as they work to complete the AOT installment design, site preparation and installation details.
Last week, Shannon Rasmussen, our VP of Engineering, met with project partner team members at the demonstration site. “It was important for me to confirm first-hand the AOT installation location, orientation and utility coordination,” said Rasmussen. “Site and pipeline selection are excellent, with easy access and operating characteristics well aligned with our demonstration and data collection needs. Once site preparation is complete, we stand ready to deliver, install and begin operations.”
With progress accelerating on our AOT demonstration project, we are now in what we hope will be the final steps towards commercial operations. This has led us to restructure internal operations and external communications. All engineering, mechanical and logistical functions have been moved to Houston operating out of our headquarters in Tomball, Texas. We now see the need to consolidate corporate and investor communications to that of one voice ensuring all current and potential investors continue to receive consistent, complete and accurate information. We recently began the process of selecting an investor relations firm with expertise in public small-cap corporate growth and a public relations firm with specific crude oil industry experience. We plan to retain a public relations firm before the end of this quarter and retain an investor relations firm shortly thereafter.
In parallel, Mr. Rasmussen is continuing value engineering work begun in 2018, fine-tuning system and component-level designs, computerized 3D modeling and preparing requests for proposals to lock down equipment costs and lead times in anticipation of future AOT sales and deployment. In support of this effort, Mr. Rasmussen plans to enhance our internal resources by adding an engineer with equipment design and oil industry experience to his team in the near future.
In support of this restructuring and after much consideration of our long-term strategic plans and goals, John Valenti has agreed to step down from his combined roles in project management and investor communications and return to his previous career in law enforcement. “After many years of working with QS Energy, I am proud of this company and its technology. Though it will be hard to watch from the sidelines, I’ll be excited to follow progress and results of the demonstration project. I see a great future ahead for the company and its AOT technology.” With his deep knowledge of our technology and strong relationship with many investors and supply chain partners, Mr. Valenti has been a valuable resource for the Company. We thank him for his many years of support and service and wish him the best in his future endeavors. Going forward, all investors are encouraged to communicate with the Company directly by email at investor@qsenergy.com or through our investor relations phone line at (281)845-8097.
On a final note, I am pleased to announce QS Energy has been invited to participate as a premium presenting company in the annual Spring Investor Summit in New York City, April 1st and 2nd. “We are excited to host QS Energy,” said Tony Yu, CEO The MicroCap Conference. “QS Energy CEO Jason Lane and CFO Michael McMullen will be presenting to an audience of investors in the energy track room as well as participating in 1x1 meeting discussions with many qualified, pre-screened investors.” The Spring Investor Summit’s focus is to highlight the most compelling publicly traded small-cap and micro-cap companies across all sectors. This upcoming event will feature up to 200 presenting companies, 1200 institutional and retail investors, many one-on-one meeting opportunities, expert speakers, and industry panels.
We are excited by QS Energy’s prospects for 2019 and believe our strategy and team are positioned for success. Once again, we thank you for your support.
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 QS Energy’s patented Applied Oil Technology (AOT) is a solid-state turn-key system which uses a high volt / low amp electric field to reduce crude oil viscosity. AOT installs inline on crude oil pipelines, operates unattended without interrupting pipeline flow, with full remote monitoring and control. More information is available online at www.qsenergy.com/technology.
About QS Energy QS Energy, Inc. (OTCQB: QSEP), develops and markets crude oil flow assurance technologies designed to deliver measurable performance improvements to pipeline operations in the midstream and upstream crude oil markets. More information is available at www.qsenergy.com.
Company Contact: QS Energy, Inc. Tel: +1 844-645-7737 E-mail: investor@qsenergy.com Sales: sales@qsenergy.com
Investor Relations: QS Energy, Inc. Tel: +1 844-645-7737 E-mail: investor@qsenergy.com Source: QS Energy, Inc.
(1) On 8/5/2016 Don Dickson invests $70,000 in a Private Placement offering of convertible notes and warrants.
(2) On 10/13/2016 Don Dickson converts his note into common stock.
(3) On 4/17/2017 Dr. Eric Bunting invests $50,000 in a Private Placement offering of convertible notes and warrants.
(4) On 5/15/17 Richard Munn invests $10,000 in a Private Placement offering of convertible notes and warrants. He immediately converts the notes to common stock.
(5) On 5/15/2017 Richard Munn buys 42,000 shares of common stock in the open market at $0.24 per share.
(6) On 5/31/2017 Thomas Bundros invests $100,000 in a private Placement of convertible notes and warrants. He immediately converts the notes to common stock.
(7) On 7/19/2017 Dr. Eric Bunting invests an additional $40,000 to convert his warrants and stock options into common stock well before their expiration dates.
(8) On 7/30/2017 Don Dickson invests an additional $38,500 to convert warrants into common stock.
(9) On 8/2/2017 Gary Buchler invests $50,000 to buy common stock at market prices and convert all of his vested stock options.
(10) On 10/2/2017 Dr. Eric Bunting invests an additional $33,875 to buy 125,000 shares of common stock in the open market at $.271 per share. He also converts 178,002 of his newly vested stock options into common stock at an out of pocket cost of $12,460. This brings his total common stock holdings to 6,735,430 shares worth approx. $1.8 million at today's price.
(11) On 2/6/2018 Dr. Eric Bunting converts 179,710 of his newly vested stock options into common stock, well before their expiration date, at an out of pocket cost of $12,580.
(12) On 3/30/2018 Dr. Eric Bunting invests another $40,000 in a private Placement of convertible notes and warrants. He immediately converts the notes to common stock.
(13) On 3/30/2018 Dr. Eric Bunting invests an additional $18,000 to convert warrants into common stock, well before their expiration date.
(14) On 05/14/2018 Richard Munn invests an additional $5,500 to convert his 110,000 warrants into common stock.
(15) On 11/26/2018 Dr Eric Bunting invests another $25,000 in a private Placement of convertible notes and warrants.
(16) On 11/26/2018 Don Dickson invests another $25,000 in a private Placement of convertible notes and warrants.
(17) On 02/21/2019 ceo Jason Lane invests $25,000 in a private Placement of convertible notes and warrants.
(18) On 02/25/2019 Thomas Bundros invests $15,000 in a private Placement of convertible notes and warrants.
(19) On 02/25/2019 Richard Munn invests $10,000 in a private Placement of convertible notes and warrants.
All of the individuals named above are part of QSEP's Board of Directors. All of them are investing their own money in QSEP. While NDA's may prevent them from talking about the specifics of any particular corporate relationships, this is a powerful alternative way to express just how confident they are in QSEP's immediate future.
I've emphasized the word immediate because I think the motivation for early conversion of 10 year stock options is based on a strong belief that the stock will be going substantially higher in the near term. This early conversion will reduce the future tax burden substantially if that were to occur (long term capital gain instead of ordinary income).
The "bargain element" of a stock option is taxed as ordinary income while the remaining gain is taxed at the lower capital gains rate. Exercise of a stock option while the underlying security price is low insures that the "bargain element" will also be low allowing for the best tax outcome (the bargain element is the difference between the price at the time of exercise and the grant price). For the owner of a QSEP stock option it requires a very powerful incentive to give up a 10 year "free look". A savvy investor would hold onto a stock option as long as possible, exercising and putting up money only at a time when the outlook was so positive that it is likely to move the stock substantially higher. Anybody exercising their stock options today must feel now is that time.
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