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Replies to post #48622 on QS Energy Inc (QSEP)
08/30/19 4:30 PM
Dr. Gallagher has been an invaluable asset to the team as he has deep expertise in addressing flow assurance and the complexities of heavy crude oil transportation.
in which case we will use in-field operations to test, confirm and supplement our laboratory test results.
We believe these modifications may enhance output and efficiency and may provide us new areas to expand the Company’s intellectual property.
“Our plans moving forward are centered on achieving commercial adoption of our AOT device leading to sales and revenue as soon as possible. Over the past year, we have met with many leaders in the midstream oil industry who expressed interest in AOT, subject to seeing and evaluating commercial operations and data. Assuming successful operations, the demonstration AOT project should provide both real-time and long-term data quantifying increased flow rates and other pipeline operating benefits. All collected data will be normalized so that it can be used to evaluate the financial and operational benefits across a wide range of commercial operating scenarios without disclosing confidential details of our demonstration partner’s operations. We believe that real-world data, which may be available within a few weeks of establishing sustained operations of our AOT demonstration project, may be used to accelerate commercial adoption of our AOT technology, positioning us to re-engage with industry executives, and targeting sales in 2020.”
Dr. Gallagher commented, “I remain highly encouraged by the opportunity, and we have been proactive while dealing with the recent hurdles. Although we have experienced some delays, the AOT represents a transformational technology in its potential to replace traditional diluents. I am pleased to be part of this team, and I look forward to assisting further in the demonstration project along with preparing for commercialization.”
Jason Lane, Chief Executive Officer and Chairman of the Board, commented, "We are delighted to announce the appointment of Christopher Gallagher, who brings a wealth of relevant technical, engineering, international business and industry expertise. He has been responsible for bringing numerous products to market, brings deep industry relationships, and has an exceptional grasp of fluid mechanics, which will be of tremendous benefit as we advance our full-scale pilot program and seek to enter the commercial phase."
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