QS Energy, Inc., recognized for its leadership in crude oil transportation technology, has announced a significant agreement that will mark a milestone in the modernization of infrastructure in Southeast Asia and Africa. The company has finalized its first order for the implementation of its innovative Applied Oil Technology (AOT), initially focusing on the delivery of five units. This agreement kicks off an ambitious long-term program valued at $25 million, which could culminate in the delivery of up to 400 units for a total of $2 billion.
Cecil Bond Kyte, CEO of QS Energy, emphasized that this advancement represents a transformation in the crude oil transportation sector. With the collaboration of VIPS Petroleum and the support of several governmental entities, a new standard in efficiency and sustainability is being established, which is crucial for today’s oil industry.
The AOT technology is designed to address one of the main challenges in the sector: reducing crude oil viscosity. Utilizing electric fields, the technology can decrease viscosity by 10% or more, resulting in less pressure on pumps and a reduction in energy costs. Each unit undergoes rigorous testing to ensure optimal performance over time.
QS Energy produces its systems in the United States, establishing partnerships with experienced local companies, which highlights its commitment to employment and development in the regions where it operates. This agreement benefits not only QS Energy but also drives the modernization of crude oil transportation in Africa and Southeast Asia, opening up the possibility for future expansions into Australia and the Middle East.
With a well-defined roadmap and a solid execution plan, the company is committed to maintaining a transparent approach during the deployment of its technologies, ensuring compliance with local and international regulations. Additionally, the AOT is expected to generate long-term revenue due to the increase in crude oil flow.
Through its focus on innovation and sustainability, QS Energy strategically positions itself to play a crucial role in the global energy transition.
Source: MiMub in Spanish
