QS Energy, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
August 12, 2022 at 01:46 pm EDT
Share
QS Energy, Inc. reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported net loss was USD 0.171 million compared to USD 0.274 million a year ago.
For the six months, net loss was USD 0.472 million compared to USD 0.645 million 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. 
