Terminus Energy Corporation, a Subsidiary of Quintessence Holdings Inc., Has Entered Into a $1.2 Million Agreement
Quintessence Holdings Inc. (PINKSHEETS: QUIN) today has announced that its wholly owned subsidiary Terminus Energy Corporation has entered into a $1.2 million agreement with the Missouri University of Science and Technology for the development of Generation Two (G2) SOFC distributed generation technology. The program, directed by Dr. Harlan Anderson, is developing next generation fuel cell technology for Terminus Energy Corporation.
Dan Pratte, President of Terminus Energy Corporation stated, “We continue an aggressive posture to take advantage of opportunities that will enhance our ability to reduce production costs, positively impacting our bottom line and enhancing shareholder value. We are confident that this technology investment will provide benefits well into the next decade, continuing our mission to be the distributed energy generation platform supplier of choice for our utility customers.” The present Product by Terminus now available “TE-25″ our first generation (G1) power units, produces electric power for delivery to the grid using pipeline natural gas and other clean fuels with environmentally friendly SOFC technology.
About Quintessence Holdings Inc.
Quintessence Holdings Inc. specializes in acquiring businesses in dynamic areas. Utilizing a unique acquisition model, Quintessence Holdings Inc. provides companies an opportunity to gain access to U.S. capital markets. In exchange, Quintessence Holdings Inc. retains a significant percentage of each target company, creating a diversified, growth oriented investment base that should enjoy a steady, long-term increase. Each target company reviewed for acquisition must meet specific criteria detailed in Quintessence Holdings Inc.’s acquisition model and have proven commercial track records. Management is confident that it should deliver consistent, continued growth and be successful in increasing shareholder value through accurate and meticulous due diligence.
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This press release contains certain “forward-looking” statements, as defined in the United States Private Securities Litigation Reform Act of 1995 that involve a number of risks and uncertainties. Statements, which are not historical facts, are forward-looking statements. The Company, through its management, makes forward-looking public statements concerning its expected future operations, performance and other developments. Such forward-looking statements are necessarily estimates reflecting the Company’s best judgment based upon current information and involve a number of risks and uncertainties, and there can be no assurance that other factors will not affect the accuracy of such forward-looking statements. It is impossible to identify all such factors, factors that could cause actual results to differ materially from those estimated by the Company. They include, but are not limited to, the Company’s ability to develop operations, the Company’s ability to consummate and complete an acquisition, the Company’s access to future capital, the successful integration of acquired companies, government regulation, managing and maintaining growth, the effect of adverse publicity, litigation, competition, sales and other factors that may be identified from time to time in the Company’s public announcements.
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SOURCE: Quintessence Holdings Inc.