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
