Quantum Energy Moves to Revenue Producing Position with FlooidCX Corporation Merger
Summary
William Hinz, chairman of Quantum, stated: “The combined company’s goal is to change the face of energy delivery. Post-merger, the combined company will adopt the name Quantum Energy, Inc. and trade on the OTC Markets under the existing ticker, QREE, and have approximately 35 million shares outstanding. FLCX will contribute the following as part of the merger: • Operations located in Hawaii, Michigan and Alberta Canada, which will benefit the shareholders of the merged company. As part of the transaction, the following intellectual property will be contributed to the combined entity: • 136 filed and to be filed utility and design patents involving photonic collection systems; • $14 million in non-amortized intellectual property from FLCX processes related to treating and separating rare earth materials. Since 2015, this highly focused team invested over $50 million to quietly develop a unique energy system (originally nicknamed the “Earth Engine”) that uses highly efficient photon collection (in a manner similar to solar energy, but from both natural and produced light), that is first stored in a permanent magnet assisted flywheel system called a Photon Engine.