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QS Energy Enters New Fiscal Year With Commercial Deployment of Improved AOT(TM) Viscosity Reduction Technology and M&A Asset Strategy
QS Energy Enters New Fiscal Year With Commercial Deployment of Improved AOT(TM) Viscosity Reduction Technology and M&A Asset Strategy.
About this update from Qs Energy, Inc.
[{"type":"text","content":"\nQS Energy Enters New Fiscal Year With Commercial Deployment of Improved AOT(TM) Viscosity Reduction Technology and M&A Asset Strategy \n\nQS Energy Enters New Fiscal Year With Commercial Deployment of Improved AOT(TM) Viscosity Reduction Technology and M&A Asset Strategy\n\n\n SANTA BARBARA, CA--(Marketwired - February 23, 2016) - \n QS Energy, Inc. (the \"Company\") (OTCQX: QSEP), a developer of integrated technology solutions for the energy industry, today further elaborated on material disclosures it recently provided concerning commercialization of the re-engineered AOT™ (Applied Oil Technology) viscosity reduction system, and the Company's ongoing diversification strategy of acquiring undervalued oil and gas assets to capitalize on today's buy-side opportunities. In a follow-up to a February 10th news release concerning the redeployment of a newly optimized AOT unit, QS Energy confirmed that transport of the customized equipment by freightliner to the Eagle Ford Shale has now been definitively scheduled at the request of a customer and partner in Houston, Texas for installation on a designated pipeline pump station.\"The purpose of this timely release is to convey additional insight into our mergers and acquisition strategy during this pivotal period as the AOT is being re-deployed in the field with a $30 billion pipeline operator,\" stated Greggory M. Bigger, Chairman and Chief Executive Officer. \"We're pleased that our goal of commercializing the optimized AOT system is occurring as we continue to perform due diligence on distressed assets within the oil and gas vertical. As stated previously, we reviewed two prospective acquisitions in the fourth quarter of 2015, one located in Louisiana and the other based in the Haynesville formation in Texas. We'll continue to look at deal flow, perform due diligence, and when we identify the optimal opportunity for our shareholders, we will engage in a letter of intent to acquire those assets.\"In July of last year, The Company announced the establishment of QS Energy Pool (QSEP), a wholly owned subsidiary to execute on a diversification strategy based on the acquisition of distressed, non-operated assets out of bankruptcy. \"The QSEP advisors are diligently furnishing deal flow to our management team and Board of Directors, providing us with the opportunity to appra...