QS Energy, Inc.

QS Energy, Inc. develops and seeks to commercialize energy efficiency technologies. The company aims to assist in meeting global energy demands, improve the economics of oil transport, and reduce greenhouse gas emissions. Its intellectual properties include a portfolio of domestic and international patents, a substantial portion of which are exclusively licensed from Temple University of Philadelphia, PA. QS Energy's primary and only technology is Applied Oil Technology (AOT), a commercial-grade product for crude oil pipeline transportation flow-assurance. AOT is engineered to reduce pipeline pressure loss, increase pipeline flow rate and capacity, and reduce shippers' reliance on diluents and drag reducing agents to meet pipeline maximum viscosity requirements. This 100% solid-state system has shown in lab and other tests to reduce crude oil viscosity by applying a high-intensity electrical field to crude oil in transit. Independent third-party tests by the U.S. Department of Energy, the PetroChina Pipeline R&D Center, and ATS RheoSystems (a division of CANNON™) at full-scale test facilities in the U.S. and China, and under commercial operating conditions on one of North America's largest high-volume crude oil pipelines, have demonstrated AOT's ability to reduce crude oil viscosity and pipeline pressure loss. Prior testing on a commercial crude oil condensate pipeline showed a high correlation between laboratory analysis and full-scale AOT operations under commercial conditions, with data collected by the pipeline operator on its SCADA system. The AOT product is currently in development and testing, having transitioned from laboratory testing to initial demonstration and continued testing. Commercial acceptance and adoption by the upstream and midstream pipeline marketplace have not yet been achieved.