Posted: Monday Jan 21 2:17:32PM 2008
I got this from a friend of mine. He has been in touch with Questor management at the beginning of January. He asked QTI management for an update to the previous news release: "Our strategy for growth is well underway. In terms of heat recovery and power generation, we are in discussions, and working toward a Memorandum of Understanding, with a power company to convert the waste heat we generate into power. The heat recovery project to reduce fuel, greenhouse gases and costs for our clients is proceeding, in partnership with a large US fabrication company. The strategic alliance with this particular entity has also provided access to the US market. A joint research and development project with a large Canadian pipeline transmission company is nearing completion, resulting in optimization of our incinerators to meet their specific operating needs and future regulatory compliance. In the coming quarter we will be considering a capital investment to grow our existing rental fleet, pending the outcome of the discussions with one of our clients concerning a long-term contract for multiple units during this winter season. The international arena continues to offer significant growth opportunities for Questor and discussions are underway on new projects in China, Nigeria, Libya, the Middle East, Asia and offshore Scotland." And there response was: "We continue to progress the many initiatives outlined in the news release to which you refer in addition to pursuing other emerging opportunities. Many of the growth opportunities we have are founded on strong relationships and those relationships, and their parameters, take time to build. Our focus has always been on Questor’s long-term success. We will continue to inform and update our shareholders when it is appropriate to do so."