Qs Energy, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2021
August 23, 2021 at 06:09 am EDT
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QS Energy, Inc. announced earnings results for the first quarter ended March 31, 2021. For the first quarter, the company announced operating loss was USD 261,000 compared to USD 602,000 a year ago. Net loss was USD 371,000 compared to USD 766,000 a year ago.
QS Energy, Inc. develops and commercializes energy efficiency technologies that assist in improving the economics of oil transport and reducing greenhouse gas emissions. The Company's intellectual properties include a portfolio of domestic and international patents. Its primary technology is called Applied Oil Technology (AOT), a commercial-grade crude oil pipeline transportation flow-assurance product. AOT is engineered specifically to reduce pipeline pressure loss, increase pipeline flow rate and capacity, and reduce shippersâ reliance on diluents and drag reducing agents to meet pipeline maximum viscosity requirements. Its AOT crude oil viscosity reduction technology directly targets the heavy crude oil transportation industry, initially targeting the midstream crude oil pipeline operations which deliver high volumes of heavy crude oil to market. QS Energy Pool, Inc., a subsidiary of the Company, serves as a vehicle for it to explore, review and consider acquisition opportunities.
QS ENERGY, INC. 
