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Replies to post #52121 on QS Energy Inc (QSEP)
zerosnoop
03/04/22 1:51 AM
#52123 RE: mr_sano #52121
Our demonstration partner has indicated their continued interest in our AOT technology and may consider installation and operation of a new AOT demonstration project if our operational issues can be resolved.
03/04/22 1:52 AM
#52124 RE: mr_sano #52121
The Board also approved a resolution suspending all Board compensation effective January 1, 2021, payable under the Company’s May 6, 2014, Board compensation policy as amended January 1, 2015.
03/04/22 1:54 AM
#52125 RE: mr_sano #52121
During the period August 2020, through June 2021 (the “Relevant Period”), Mr. Kyte provided the Company with $275,000 in working capital. During this Relevant Period, Mr. Kyte also introduced capital to the Company in the sum of $150,000 from third-party sources. This capital was received by the Company in exchange for convertible promissory notes and related warrants. With this additional third-party capital infusion, during this Relevant Period, Mr. Kyte was responsible, directly and indirectly, for providing the Company with working capital in the amount of $425,000.
03/04/22 1:55 AM
#52126 RE: mr_sano #52121
Based on the confirmation of these most recent and positive results using the fully assembled AOT, a medium gravity pipeline spec oil (API 23) was procured and pumped into the AOT. We ran the AOT with the reworked original grid pack for an hour at 10 kV and saw no anomalies and no short circuits, confirming our belief that the short condition was a result of failed insulation. We were then able to apply 20 kV to the oil despite utilizing a reworked original grid pack. This high voltage result seems to demonstrate that we have solved the problems reported in June of 2020. Subsequent testing in the laboratory showed the oil (API 23) would support a voltage of 40 kV. Between the laboratory data and issues found during recent component testing we are in the process of confirming the final design criteria for a new grid pack which represents the remaining 20% necessary for full treatment effect.