Now Positioned to Capitalize on Commercial Validation and JDA with
Casale, SA
QuantumSphere,
Inc. (QSI) (OTCQB: QSIM), a leading supplier of nanocatalyst
technologies for industrial chemical processes, today announced the
completion of its state-of-the-art manufacturing facility for the
production of the company’s proprietary FeNIX™ nano iron catalyst
product.
FeNIX nanocatalysts were developed to address costly production
inefficiencies within the several hundred ammonia plants in operation
worldwide. QSI’s high surface area FeNIX nanocatalysts, applied as a
coating to existing commercial ammonia catalysts, provide a
“turbo-charging” effect to catalytic activity – increasing conversion
efficiency and overall production output in the nearly $100 billion USD
global ammonia industry. Earlier this year, FeNIX nanocatalysts
demonstrated an increase in production rate by 10 to 15 percent in a
commercial reactor which could translate to more than $100 million USD
in additional revenue for a typical, medium-sized ammonia plant over the
life of the catalyst – with no plant modifications or additional capital
expenditure.
Matthew Griffith, Vice President of Operations, stated, “We are excited
to report that we have successfully scaled and tested all aspects of our
multi-step FeNIX manufacturing process, including a patented, automated
gas-phase-condensation (GPC) process to tightly control nano-particle
size and distribution, and a secondary passivation process allowing the
highly active material to be safely handled and transported. In
addition, we have completed our proprietary physisorption coating
equipment which is used to adhere the FeNIX nanocatalysts onto base
commercial pre-reduced ammonia catalysts on-site at an ammonia
production facility.”
Kevin Maloney, President and CEO, added, “Our ability to deliver FeNIX
and other nanocatalysts in commercial quantities, combined with our
industrial-scale validation results and Joint Development Agreement with
Casale, strongly positions QSI to become an important value-added
technology provider in the large and growing global ammonia market.”
QSI announced in May its multi-year Joint Development Agreement with
Swiss-based Casale,
S.A. (“Casale”), a global leader in production technologies for
ammonia, urea, melamine, methanol, syngas, nitrates and phosphates.
Casale’s reactor production technologies are utilized in approximately
38 percent of global ammonia production and 39 percent of global
methanol production, which are key target markets for QSI.
Casale and QSI have agreed to collaborate on the development of
commercial technologies for ammonia, methanol, and other industrial
chemicals which collectively account for several hundred billion USD in
annual global production. Casale also agreed to utilize QSI as its
exclusive provider of nanocatalysts for its chemical synthesis processes
during the term of the agreement due to QSI’s products’ demonstrated
increase in catalytic activity and patented high volume manufacturing
process.
Ammonia is one of the planet’s most critical chemicals. Nearly $100
billion USD of ammonia is produced annually on a global basis, consuming
1-2 percent of the world’s energy supply. More than 80 percent of
ammonia output is used as agricultural fertilizer for global food
production, supplying 50 percent of all protein consumed by humans.
About QuantumSphere, Inc. (QSI)
For the thousands of highly inefficient chemical plants in operation
producing nearly one trillion USD in basic chemicals annually, QSI
develops and manufactures seamlessly integrated nanocatalyst
technologies which have the potential to improve process efficiencies
and overall production outputs. QSI leverages a patented manufacturing
process and commercial development with leading partners to deliver
high-performance nanocatalysts for industrial chemicals applications.
QSI common stock is listed for quotation on the OTCQB under the ticker
symbol QSIM. For more information, please visit www.qsinano.com.
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