zerosnoop
23 hours ago
UPDATED. More "INSIDER BUYING". Below is a recap of all the RECENT "INSIDER BUYING" by QS directors. This includes the RECENT $275,000 investment by the uncompensated ceo Kyte. The list CONTINUES to grow & grow
https://ir.qsenergy.com/all-sec-filings/content/0001683168-24-000913/ownership.html
https://ir.qsenergy.com/all-sec-filings/content/0001683168-23-001711/ownership.html
https://ir.qsenergy.com/all-sec-filings/content/0001683168-22-005510/ownership.html
https://ir.qsenergy.com/all-sec-filings/content/0001683168-21-003139/ownership.html
https://ir.qsenergy.com/all-sec-filings/content/0001683168-21-003137/ownership.html
https://ir.qsenergy.com/all-sec-filings/content/0001683168-20-002014/ownership.html
https://ir.qsenergy.com/all-sec-filings/content/0001683168-20-002016/ownership.html
(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.
(20) On 3/21/2019 Dr. Eric Bunting invests an additional $50,000 to convert warrants into common stock, well before their expiration date.
(21) On 04/03/2019 Thomas Bundros invests an additional $8,250 to convert warrants into common stock, well before their expiration date.
(22) On 02/25/2019 Richard Munn invests an additional $11,000 to convert warrants into common stock, well before their expiration date.
(23) On 06/04/2019 Dr Eric Bunting invests another $100,000 in a private Placement of convertible notes and warrants.
(24) On 09/23/2019 Dr Eric Bunting invests another $200,000 in a private Placement of convertible notes and warrants.
(25) On 03/23/2020 Dr Eric Bunting invests another $30,000 in a private Placement of convertible notes and warrants.
(26) On 03/18/2020 chairman Jason Lane invests another $20,000 in a private Placement of convertible notes and warrants.
(27) On 06/12/2020 ceo Don Dickson invests another $10,000 in a private placement of convertible notes and warrants.
(28) On 06/19/2020 cfo Michael McMullen invests $6,600 in a private placement of convertible notes and warrants.
(29) On 06/19/2020 Richard Munn invests another $10,000 in a private placement of convertible notes and warrants.
(30) On 06/19/2020 Dr Eric Bunting invests another $30,000 in a private placement of convertible notes and warrants.
(31) 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.
(32) On 08/10/2022 Dr Eric Bunting invests an additional $20,000 to convert warrants into common stock, well before their expiration date in 2029.
(33) On 03/22/2023 Dr Eric Bunting invests an additional $15,000 in a private Placement of convertible notes and warrants.
(34) On 02/13/2024 Dr Eric Bunting invests an additional $10,000 in QS Energy
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.
zerosnoop
23 hours ago
Below FACTS from the latest 10K filing. This is about the present, now & the future, not what happened many years ago. The PROVEN AOT is a "GAME CHANGER" for the oil industry
This is why I do my own d/d. I only take advice from professionals who know what they are talking about & who know how to read and understand public filings.
Once all the parts were delivered for a full AOT, we assembled the stack and installed the stack into the vessel. The vessel was filled with oil and tested. We were able to apply full voltage of 40.1kV to the AOT.
A noteworthy milestone has been achieved, demonstrating significant viscosity reduction for the specified oil target. Our collaboration with Temple University continues as we meticulously define the operational parameters of the AOT system, essential for effective field deployment. Concurrently, we are actively exploring other promising opportunities in parallel.
Our current and primary product portfolio is dedicated to the crude oil production and transportation marketplace, with a specifically targeted product offering for enhancing the flow-assurance parameters of new and existing pipeline gathering and transmission systems.
Our primary goal is to provide the oil industry with a cost-effective method by which to increase the number of barrels of oil able to be transported per day through the industry’s existing and newly built pipelines. The greatest impact on oil transport volume may be realized through reductions in pipeline operator reliance on diluent for viscosity reduction utilizing AOT technology; a process the Company refers to as electronic diluent, or “eDiluent”. The Company filed for trademark protection of the term eDiluent in 2017. We also seek to provide the oil industry with a way to reduce emissions from operating equipment. We believe our goals are realizable via viscosity reduction using our AOT product line.
We believe QS Energy’s technologies will enable the petroleum industry to gain key value advantages boosting profit, while satisfying the needs of regulatory bodies at the same time. Key players in the pipeline industry continue to demonstrate interest in our technologies.
zerosnoop
2 days ago
UPDATED. More "INSIDER BUYING". Below is a recap of all the RECENT "INSIDER BUYING" by QS directors. This includes the RECENT $275,000 investment by the uncompensated ceo Kyte. The list CONTINUES to grow & grow
https://ir.qsenergy.com/all-sec-filings/content/0001683168-24-000913/ownership.html
https://ir.qsenergy.com/all-sec-filings/content/0001683168-23-001711/ownership.html
https://ir.qsenergy.com/all-sec-filings/content/0001683168-22-005510/ownership.html
https://ir.qsenergy.com/all-sec-filings/content/0001683168-21-003139/ownership.html
https://ir.qsenergy.com/all-sec-filings/content/0001683168-21-003137/ownership.html
https://ir.qsenergy.com/all-sec-filings/content/0001683168-20-002014/ownership.html
https://ir.qsenergy.com/all-sec-filings/content/0001683168-20-002016/ownership.html
(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.
(20) On 3/21/2019 Dr. Eric Bunting invests an additional $50,000 to convert warrants into common stock, well before their expiration date.
(21) On 04/03/2019 Thomas Bundros invests an additional $8,250 to convert warrants into common stock, well before their expiration date.
(22) On 02/25/2019 Richard Munn invests an additional $11,000 to convert warrants into common stock, well before their expiration date.
(23) On 06/04/2019 Dr Eric Bunting invests another $100,000 in a private Placement of convertible notes and warrants.
(24) On 09/23/2019 Dr Eric Bunting invests another $200,000 in a private Placement of convertible notes and warrants.
(25) On 03/23/2020 Dr Eric Bunting invests another $30,000 in a private Placement of convertible notes and warrants.
(26) On 03/18/2020 chairman Jason Lane invests another $20,000 in a private Placement of convertible notes and warrants.
(27) On 06/12/2020 ceo Don Dickson invests another $10,000 in a private placement of convertible notes and warrants.
(28) On 06/19/2020 cfo Michael McMullen invests $6,600 in a private placement of convertible notes and warrants.
(29) On 06/19/2020 Richard Munn invests another $10,000 in a private placement of convertible notes and warrants.
(30) On 06/19/2020 Dr Eric Bunting invests another $30,000 in a private placement of convertible notes and warrants.
(31) 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.
(32) On 08/10/2022 Dr Eric Bunting invests an additional $20,000 to convert warrants into common stock, well before their expiration date in 2029.
(33) On 03/22/2023 Dr Eric Bunting invests an additional $15,000 in a private Placement of convertible notes and warrants.
(34) On 02/13/2024 Dr Eric Bunting invests an additional $10,000 in QS Energy
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.
zerosnoop
2 days ago
Below FACTS from the latest 10K filing. This is about the present, now & the future, not what happened many years ago. The PROVEN AOT is a "GAME CHANGER" for the oil industry
This is why I do my own d/d. I only take advice from professionals who know what they are talking about & who know how to read and understand public filings.
Once all the parts were delivered for a full AOT, we assembled the stack and installed the stack into the vessel. The vessel was filled with oil and tested. We were able to apply full voltage of 40.1kV to the AOT.
A noteworthy milestone has been achieved, demonstrating significant viscosity reduction for the specified oil target. Our collaboration with Temple University continues as we meticulously define the operational parameters of the AOT system, essential for effective field deployment. Concurrently, we are actively exploring other promising opportunities in parallel.
Our current and primary product portfolio is dedicated to the crude oil production and transportation marketplace, with a specifically targeted product offering for enhancing the flow-assurance parameters of new and existing pipeline gathering and transmission systems.
Our primary goal is to provide the oil industry with a cost-effective method by which to increase the number of barrels of oil able to be transported per day through the industry’s existing and newly built pipelines. The greatest impact on oil transport volume may be realized through reductions in pipeline operator reliance on diluent for viscosity reduction utilizing AOT technology; a process the Company refers to as electronic diluent, or “eDiluent”. The Company filed for trademark protection of the term eDiluent in 2017. We also seek to provide the oil industry with a way to reduce emissions from operating equipment. We believe our goals are realizable via viscosity reduction using our AOT product line.
We believe QS Energy’s technologies will enable the petroleum industry to gain key value advantages boosting profit, while satisfying the needs of regulatory bodies at the same time. Key players in the pipeline industry continue to demonstrate interest in our technologies.
zerosnoop
3 days ago
Over his career, Dr. Gallagher has brought multiple technologies to the international market, has worked and sold products and services in many countries, and has deep expertise in addressing flow assurance and the complexities of heavy crude oil transportation for one of the largest oil services companies in the world. As President of Multiphase Consulting, Dr. Gallagher provides consulting services to the oil and gas industry in the areas of strategy development, due diligence, technical evaluation, and business development. He also advises clients on procurement of new technologies and acquisition activities. Previously, Dr. Gallagher served as President of e9 treatments, where he developed and executed a strategic plan to advance the company's surface treatment technologies in the oil and gas industry, including expansion of the IP portfolio, and commercialization activities, resulting in significant cost savings due to improved wax management for the customers. From 2012 to 2015, he served as Vice President of Technology and Product Management at Rockwater Energy Solutions, a leading provider of water solutions and oilfield chemicals to the North American oil and gas energy market. While at Rockwater, he built a strategy targeting high growth areas for development resulting in an increase in the number of successful new products by more than 200% the first year. He also streamlined operations and rationalized product lines resulting in significant cost savings. From 2010 to 2011 he served as a Vice President with SCF Partners, an energy-focused private equity firm. From 1996 to 2010 he served in a variety of roles with Baker Hughes, most recently as Vice President of Technology for Fluids and Chemicals managing a team of 100 scientists and engineers, where he oversaw a variety of product platforms including drilling fluids, reservoir fluids, fluid environmental services, production optimization, integrity management and flow assurance. Dr. Gallagher holds a Doctor of Philosophy in Chemical Engineering from the University of Notre Dame, a Master of Science in Chemical Engineering from the University of Notre Dame, and a Bachelor of Science in Chemical Engineering from the University of California, Davis. He has authored 10 patents and numerous publications in the fields of fluid dynamics, chemicals, as well as oil and gas technologies.
zerosnoop
3 days ago
UPDATED. More "INSIDER BUYING". Below is a recap of all the RECENT "INSIDER BUYING" by QS directors. This includes the RECENT $275,000 investment by the uncompensated ceo Kyte. The list CONTINUES to grow & grow
https://ir.qsenergy.com/all-sec-filings/content/0001683168-24-000913/ownership.html
https://ir.qsenergy.com/all-sec-filings/content/0001683168-23-001711/ownership.html
https://ir.qsenergy.com/all-sec-filings/content/0001683168-22-005510/ownership.html
https://ir.qsenergy.com/all-sec-filings/content/0001683168-21-003139/ownership.html
https://ir.qsenergy.com/all-sec-filings/content/0001683168-21-003137/ownership.html
https://ir.qsenergy.com/all-sec-filings/content/0001683168-20-002014/ownership.html
https://ir.qsenergy.com/all-sec-filings/content/0001683168-20-002016/ownership.html
(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.
(20) On 3/21/2019 Dr. Eric Bunting invests an additional $50,000 to convert warrants into common stock, well before their expiration date.
(21) On 04/03/2019 Thomas Bundros invests an additional $8,250 to convert warrants into common stock, well before their expiration date.
(22) On 02/25/2019 Richard Munn invests an additional $11,000 to convert warrants into common stock, well before their expiration date.
(23) On 06/04/2019 Dr Eric Bunting invests another $100,000 in a private Placement of convertible notes and warrants.
(24) On 09/23/2019 Dr Eric Bunting invests another $200,000 in a private Placement of convertible notes and warrants.
(25) On 03/23/2020 Dr Eric Bunting invests another $30,000 in a private Placement of convertible notes and warrants.
(26) On 03/18/2020 chairman Jason Lane invests another $20,000 in a private Placement of convertible notes and warrants.
(27) On 06/12/2020 ceo Don Dickson invests another $10,000 in a private placement of convertible notes and warrants.
(28) On 06/19/2020 cfo Michael McMullen invests $6,600 in a private placement of convertible notes and warrants.
(29) On 06/19/2020 Richard Munn invests another $10,000 in a private placement of convertible notes and warrants.
(30) On 06/19/2020 Dr Eric Bunting invests another $30,000 in a private placement of convertible notes and warrants.
(31) 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.
(32) On 08/10/2022 Dr Eric Bunting invests an additional $20,000 to convert warrants into common stock, well before their expiration date in 2029.
(33) On 03/22/2023 Dr Eric Bunting invests an additional $15,000 in a private Placement of convertible notes and warrants.
(34) On 02/13/2024 Dr Eric Bunting invests an additional $10,000 in QS Energy
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.
zerosnoop
3 days ago
Below FACTS from the latest 10K filing. This is about the present, now & the future, not what happened many years ago. The PROVEN AOT is a "GAME CHANGER" for the oil industry
This is why I do my own d/d. I only take advice from professionals who know what they are talking about & who know how to read and understand public filings.
Once all the parts were delivered for a full AOT, we assembled the stack and installed the stack into the vessel. The vessel was filled with oil and tested. We were able to apply full voltage of 40.1kV to the AOT.
A noteworthy milestone has been achieved, demonstrating significant viscosity reduction for the specified oil target. Our collaboration with Temple University continues as we meticulously define the operational parameters of the AOT system, essential for effective field deployment. Concurrently, we are actively exploring other promising opportunities in parallel.
Our current and primary product portfolio is dedicated to the crude oil production and transportation marketplace, with a specifically targeted product offering for enhancing the flow-assurance parameters of new and existing pipeline gathering and transmission systems.
Our primary goal is to provide the oil industry with a cost-effective method by which to increase the number of barrels of oil able to be transported per day through the industry’s existing and newly built pipelines. The greatest impact on oil transport volume may be realized through reductions in pipeline operator reliance on diluent for viscosity reduction utilizing AOT technology; a process the Company refers to as electronic diluent, or “eDiluent”. The Company filed for trademark protection of the term eDiluent in 2017. We also seek to provide the oil industry with a way to reduce emissions from operating equipment. We believe our goals are realizable via viscosity reduction using our AOT product line.
We believe QS Energy’s technologies will enable the petroleum industry to gain key value advantages boosting profit, while satisfying the needs of regulatory bodies at the same time. Key players in the pipeline industry continue to demonstrate interest in our technologies.