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Questor Technology Inc. and G.I. Dynamics announce a Marketing Arrangement
March 21, 2012
Calgary, Alberta (21 March 2012)- Questor Technology Inc. ("Questor" or the "Company") (TSX-V: QST) and G.I. Dynamics B.V. ("GI Dynamics") are pleased to announce that they have entered into an arrangement to market jointly Questor's incineration equipment in Europe, Russia, China and Australia. The worldwide focus on emission reductions creates an opportunity for Questor's clean air technology solutions.
"Questor's waste gas incinerator is unique and replaces traditional flare systems. The product is a top performer due to one of the highest combustion efficiencies in its market, improved air quality and optimized energy utilization and recovery. We will combine the strong brand and ethical values of both companies to deliver quality incineration products to markets in Europe, Russia, China, and Australia. We are delighted to have the opportunity to work with Questor," stated Wim van der Zande, Managing Director of GI Dynamics.
"We are looking forward to our new relationship and have planned for strong growth in geographical areas where GI Dynamics is active. We are excited to bring our waste gas incinerator technology to these markets in collaboration with GI Dynamics and we expect great success offering flexible sales and rental options." said Audrey Mascarenhas, President and Chief Executive Officer.
ABOUT QUESTOR TECHNOLOGY INC. Questor is an international environmental oilfield service company founded in late 1994 and headquartered in Calgary, Alberta, Canada with a field office located in Grande Prairie, Alberta, Canada. The Company is focused on clean air technologies with activities in Canada, the United States, Europe and Asia. Questor designs and manufactures high efficiency waste gas incinerators for sale or for use on a rental basis and also provides combustion-related oilfield services. The Company's proprietary incinerator technology destroys noxious or toxic hydrocarbon gases which ensures regulatory compliance, environmental protection, public confidence and reduced operating costs for customers. Questor is recognized for its particular expertise in the combustion of sour gas (H2S). While the Company's current customer base is primarily in the oil and gas industry and in the petro-chemical, this technology is applicable to other industries such as landfills, water and sewage treatment, tire recycling and agriculture. Questor trades on the TSX Venture Exchange under the symbol "QST".
ABOUT GI DYNAMICS B.V. GI Dynamics is a technology and service provider with its office in The Netherlands and representation offices in China and Australia. The company is focused on technology and industrial projects in gas processing such as; O2 removal, (ultra-high) CO2 extraction and sequestration, nitrogen rejection with integrated helium recovery and NGL extraction, in waste handling such as waste water treatment with hydrogen peroxide and in situ soil treatment. Furthermore, in technologies in the renewable markets such as production of bio-ethylene followed by EO and MEG production. GI Dynamics is serving the markets in Europe, Russia, China, Taiwan, Australia, the Middle East and Malaysia and provides these technologies and expertise to the oil and gas industry, petro-chemical and pharmaceutical industry and agricultural and mining market.
For further information contact:
Audrey Mascarenhas President and Chief Executive Officer