Save the World Air, Inc. is enhancing its focus on improving operational
efficiencies for the global energy infrastructure, and, in an effort to better
reflect this updated strategy to potential clients and investors, has changed
its name to QS Energy, Inc. (OTCQX: QSEP). Moving forward, the company will
look to capitalize on the realignment currently impacting the energy sector by
solidifying its position as a leading developer of technology for the efficient
and safe transport of petroleum products.
“Our new corporate identity, QS Energy, Inc., and new stock symbol, QSEP,
more effectively represent this exciting new phase of the company’s growth
trajectory,” Greggory Bigger, chairman and chief executive officer of QS
Energy, stated in a news release. “QS refers to ‘quick strike,’ a philosophy
that has become fundamental to our strategy on both fronts as we move from the
lab to the field with our existing product portfolio, and pursue accretive and
synergistic acquisitions.”
QS Energy’s current portfolio includes two proprietary technology
offerings aimed at the oil pipeline industry – Applied Oil Technology™ (AOT)
and Joule Heat™. AOT is a patent-protected hardware system designed to reduce
the viscosity of crude oil transported via pipeline. In extensive laboratory
testing, AOT demonstrated a collection of benefits including increased flow
rates, lower pump station power consumption and improved safety margins. The
company’s second product, Joule Heat, is designed to increase the internal
temperature of pipelines through the use of electric current. Unlike currently
available trace heating systems, QS Energy’s groundbreaking system increases
oil temperature uniformly without interrupting flow. The company continues to
make great strides toward the impending commercialization of both products.
In addition to marketing its technology, QS Energy has initiated an aggressive
mergers and acquisitions strategy designed to capitalize on the recent drop in
oil prices. QS Energy Pool, the company’s special purpose vehicle, was created
to identify and acquire drastically undervalued assets with overleveraged
balance sheets and significant degrees of costly debt. Although these firms
often have excellent producing assets and solid cash flow, low commodity prices
have many of them unable to continue operations. QS Energy Pool will look to
acquire these failing firms, providing an opportunity to realize immediate
increases in revenue generation in the short-term.
“QS Energy’s dual growth strategy is to deploy its flow assurance
solutions globally and to acquire undervalued operating companies, technologies
and oil and gas assets,” continued Bigger. “Our [mergers and acquisitions] plan
was enacted to provide income and revenue that is synergistic with our current
operations.”
While many exploration and production firms are struggling to cope with
slumping oil prices – including industry giants such as Chevron Corp (NYSE:
CVX) and BP PLC (NYSE: BP) – QS Energy, through its revitalized growth
strategy, is set to begin a new chapter. Look for the company to make
accelerated progress toward the commercialization of its innovative product
portfolio while supplementing shareholder value through the acquisition of
complementary entities in the months to come.
For more information, visit www.qsenergy.com
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