Quantum Energy (OTC: QREE) has announced the retirement of its Chairman and Director, William Hinz, who will now serve as Chairman Emeritus. The company, a global licensee of flywheel energy storage systems, energy conditioning systems, and rare earth material supply and manufacturing, appreciates Hinz's contributions in transforming Quantum into a prominent manufacturer of energy equipment.
CEO Harry Ewert highlighted the company's focus on manufacturing flywheel and energy conditioning products. Quantum plans a name change and branding effort, with new trademarks to be introduced by the month's end. An annual meeting to elect a new Board of Directors is scheduled by August 1, 2024, with detailed information to be provided to shareholders.
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Quantum Energy Inc. (OTC: QREE) has announced a letter of intent to merge with FlooidCX Corporation (OTC: FLCX), aimed at transforming energy delivery and accelerating commercialization of photonic energy systems.
The merger will allow existing Quantum shareholders to exchange 6 shares for 1 share of FLCX common stock and receive Series D Preferred shares convertible into common stock. The combined company will have approximately 35 million shares outstanding. FLCX contributes $18 million in contractual sales and significant intellectual property, enhancing Quantum's technology portfolio and market entry.