Business
QS Energy Provides Business Update for the Second Quarter of 2019
QS Energy Provides Business Update for the Second Quarter of 2019.
About this update from Qs Energy, Inc.
[{"type":"text","content":"HOUSTON, TX / ACCESSWIRE / August 15, 2019 / QS Energy, Inc. (the “Company” or “QS Energy”) (OTCQB:QSEP), a developer of integrated technology solutions for the energy industry, today provided a business update for the second quarter ended June 30, 2019. The Company also filed its Form 10-Q for the period ended June 30, 2019 with the SEC on August 14, 2019, a copy of which is available for review on the Company’s website at https://ir.qsenergy.com/quarterly-reports.Jason Lane, Chief Executive Officer and Chairman of the Board, commented, “We continue to advance our Applied Oil Technology (AOT) commercial demonstration project. Notably, we announced in May, the addition of Christopher Gallagher, PhD, a senior industry executive and Fluid Dynamics Expert to work with the Company’s engineering team. Dr. Gallagher has been an invaluable asset to the team as he has deep expertise in addressing flow assurance and the complexities of heavy crude oil transportation. “As reported in early July, we temporarily discontinued operations of our AOT commercial demonstration project when our primary power supply began to operate erratically upon commencement of testing. We determined the primary power supply had failed, which after analyzing, was determined to be unrelated to operations. Our team responded rapidly and as a result we were able to connect to a second power supply. Although the second power supply was not meant to operate at sufficiently high power, we were able to conduct testing on a very limited basis.“During the time since, our Engineering team has analyzed the limited in-field tests and has conducted additional laboratory tests and analysis to determine specific attributes of the crude oil at this site, the effect of these crude oil attributes on the operating characteristics of our current AOT configuration, and potential benefits of planned AOT grid pack modifications on system efficiency, effectiveness and power requirements. Results of this analysis indicates the AOT will likely require more power than originally anticipated. The previously damaged power supply has been repaired and is now in route to the demonstration site and should be ready for installation and testing before the end of August. If the system operates effectively, we will establish and test continuous operations. However, based on our most recent labora...