In Cooperation with ARC Energy Inc. and The
Philippine National Oil Company
Company To Electrify Housing
Developments
(The “Company” or “FLCX”) [OTC:FLCX], which has recently
voted to change its name to Quantum Energy Corporation, is a
worldwide exclusive licensee and manufacturer of transformative
Direct Energy Systems for the direct generation and distribution of
electrical energy, owned by and for use of the consumer, today
announces it has executed a Manufacturing and Distribution
Agreement (“Agreement”) with ARC Energy, Inc. (“ARC Energy”),
located at BCS Prime Building, Third Floor, 2297 Chino Roces
Avenue, Makati City, NCR, Philippines. The Agreement was executed
and made effective on March 28, 2024 with funding committed on
April 30, 2024.
Two additional definitive licensing contracts covering the
Company’s Direct Energy equipment and related products and
manufacturing to be located in the Philippines and are anticipated
to be part of the overall agreement and are expected to be
forthcoming and signed under both United States and Philippine
law.
ARC Energy’s CEO, Romel Canete of the Philippines, and its
Chairman Jack Rodriguez, are Co-Developmental partners with
Philippine National Oil Company (“PNOC”) represented by Oliver
Butalid.
ARC Energy has contracted with PNOC to develop 500,000
affordable housing units and it anticipates starting construction
on these units in Q2. This is a 5-year development plan that
focuses on sustainability and energy use, including high efficiency
distributed energy, appliances, and renewable energy.
Under the terms of the deal, the Company will receive a license
fee of $3,000,000.00 and a $1,000.00 payment, under a cost-plus
contract, for each residential housing unit powered by its Direct
Energy System. In addition, under the Agreement the Company will
receive 20% of the monthly recurring revenue from electrical energy
provided by its Direct Energy System, installed by ARC Energy
Inc.
Under the Agreement, the Company has also agreed to the
development of manufacturing facilities in the Philippines for the
Company’s equipment and products, including capacitor and battery
storage systems. The first manufacturing facility is expected to
open in September of this year and then to expand through 2025.
ARC Energy will offer the Company’s entire product line. Initial
Direct Energy Systems will be supplied by the Company in the United
States.
In the United States, the Company now has Licensed Distributors
in Arizona, Michigan, Washington, and Oklahoma, with more to be
announced.
Craig Kitchen, Chief Operating Officer, and Dustin Hamby,
Executive Vice President, represented and closed the transaction
for the Company.
“This is our largest long-term contract to date. This is our
fifth agreement and first licensed Manufacturing and Distribution
Agreement, outside North America. The Company has worked with Mr.
Canete for over a year on this development and now formal
licensing. ARC Energy is led by well-seasoned real estate
executives, and business development professionals. The scale of
the Philippine housing development is monumental and the focus on
sustainability is inspiring. We are proud to have won this
business,” stated Kitchen.
Mr. Canete, ARC Energy CEO, said, “Flooid and ARC Energy
management have worked tirelessly on this international agreement
that in my opinion leads the world in its current effort in
sustainability, and residential and commercial energy technology.
This is a disruptive technology that could address the country’s
acute shortage and prohibitive cost of energy supply. This
long-term contract will also bring skilled manufacturing,
maintenance and service jobs to the Philippines.” Mr. Rodriguez,
ARC Energy Chairman, added, “Opportunity has come for us to provide
smart and affordable clean energy to 500,000 units under the
government affordable housing program and also to high
energy-demand prospective locators to our 1,000 hectare Manila East
Bay City Development in the heart of Manila.”
Mr. Oliver Butalid, CEO of the Philippine National Oil Company,
stated, “PNOC’s strategy involves collaborating with technology
partners worldwide to offer the government sector solutions for
lowering electricity expenses. We look forward to discussions with
ARC Energy which can introduce the Direct Energy System technology
in the Philippines to support this objective.”
The Company’s 240 month recurring revenue model is the best way
to manage electrical energy and reduce and help to control costs
over the coming years, in the face of ever-increasing electrical
energy demands and related costs.
A more detailed informational video will be available on the
Company’s YouTube Channel and on its website in the coming
weeks.
About the Company
We are the worldwide exclusive licensee, and manufacturer of
transformative photonic, magnetic propulsion, capacitor and battery
energy systems for the direct generation and distribution of
electrical energy produced and used by the consumer. Direct Energy
Systems TM for industrial, institutional, commercial, governmental,
remote and residential installations.
The Company’s unique and patent pending technologies combine the
very best uses of photonic, magnetic and rare earth processing and
manufacturing, turning the future from solar power to the new
frontier of Photon Power TM.
Forward-Looking Statements
Certain statements contained herein, are not based on historical
fact and are “forward-looking statements” within the meaning of
applicable securities laws. These forward-looking statements
include all matters that are not historical facts. By their nature,
forward-looking statements involve risks and uncertainties that
could cause actual results to differ materially from the Company’s
forward-looking statements. These risks and uncertainties include,
but are not limited to: local, regional, national and international
economic conditions; consumer confidence and spending patterns,
which are subject to fluctuation and could increase or decrease
more than the Company expects; weather, acts of God and other
disasters; the seasonality of the Company’s business; inflation or
deflation; increases in unemployment rates and taxes; increases in
labor and health insurance costs; competition and changes in
consumer tastes and the level of acceptance of the Company’s
products; demographic trends; the cost of advertising and media;
government actions and policies; interest rate changes, compliance
with debt covenants and the Company’s ability to make debt
payments. The Company assumes no obligation to update any
forward-looking statement, except as may be required by law. These
forward-looking statements speak only as of the date of this
report. All forward-looking statements are qualified in their
entirety by this cautionary statement.
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version on businesswire.com: https://www.businesswire.com/news/home/20240506804810/en/
Brett Maas, Managing Partner Hayden IR New York City -
Minneapolis - Phoenix - San Diego (646) 536-7331
Brett@haydenir.com
www.haydenir.com Twitter: HaydenIR