Business
QS Energy Issues Shareholder Update
QS Energy Issues Shareholder Update.
About this update from Qs Energy, Inc.
[{"type":"text","content":"\nQS Energy Issues Shareholder Update\n\nQS Energy Issues Shareholder Update\n\n\n SANTA BARBARA, CA--(Marketwired - May 10, 2016) - QS Energy, Inc. (OTCQX: QSEP)With the second quarter of the year well underway, it's my pleasure to say that the initiatives detailed in the last shareholder update and our recent news releases are now in play and providing us with ongoing opportunities.Following extensive re-tooling of the AOT hardware to optimize it for the challenging characteristics of ultra-light condensate, the re-engineered single-vessel AOT system is now in place on a primary condensate line serving the Eagle Ford formation in West Texas. As disclosed in our SEC filings and a news release issued February 10th, this is a re-deployment of AOT on this high volume pipeline which affords us an opportunity to prove our efficacy on ultra-light oil, the fastest growing segment of production from the nation's shale formations. A re-build of the AOT internal components of this extent was only possible due to the efforts of our customer and the expertise of our supply chain partner, both of whom provided unstinting support and commitment throughout the re-design, fabrication and testing process. For the past several weeks we have been collaborating with our customer in monitoring a carefully controlled regimen of performance testing of AOT on this 96,000 barrel per day pipeline. Currently we are analyzing the results in partnership with the customer and Temple University. After breaking through the prior impedance issues, we expect to gain valuable insight into the AOT's significantly improved ability to reduce viscosity, maximize flow volume, and reduce operating pressure of this pipeline in particular but in the treatment of ultra-light condensate in general. With the lifting of 40 years of federal export restrictions governing unprocessed crude oil, the energy industry anticipates strong demand of U.S. condensate from foreign buyers. Positioning our technology as an effective approach to more efficiently and economically transporting condensate in the pipeline, at condensate splitter plants, and within offloading facilities represents an enormous opportunity for AOT and is one we intend to pursue vigorously. From the beginning of this Eagle Ford Shale installation and during the entirety of the testing protocol to date, the teams o...