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- Over 100 clean combustion units strategically positioned in the United States, Canada and Mexico, and 50 Q5000 units designated for rental and 11 Q5000 units being prepared for international sale.
- Canada: Short-term Q500 rental with option to purchase signed in Alberta; firm proposal pending in Western Canada
- Africa: A further award anticipated this month in East Africa.
- Mexico:
Non-binding letter of intent with JHJ Servicios to form a consortium to pursue a Pemex enterprise-wide multiple-use contract; Rogelio Garcia appointed Strategic Advisor in Mexico. - United States: Colorado DJ Basin assessment complete; proposed Emission Rx acquisition expected to give Questor an offering across every segment of the Colorado and North Dakota markets.
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CALGARY, Alberta, Sept. 04, 2026 (GLOBE NEWSWIRE) — Questor Technology Inc. (“Questor” or the “Company”) (TSX-V: QST) today reported significant progress in the continued execution of its Phase III shareholder value creation plan, announced on August 17, 2026, as part of the Company’s strategy refresh in connection with the management team transition initiated in Q2 2026. The Company’s rental fleet is ready for deployment, commercial activity is advancing across North America, Africa and the Middle East, and a strategic partnership in Mexico is opening the path to a Pemex enterprise-wide contract.
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Fleet Strategically Positioned for Deployment
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Questor owns 109 clean combustion units – 94 in the United States, 9 in Canada and 6 in Mexico. Following a unit-by-unit review, 50 Q5000 units are designated for rental service, and 11 are being prepared to standard international specifications to ensure international orders can be delivered on time and on budget.
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The fleet sits where the customers are. The fleet configuration enables Questor to fulfill rental contracts in Mexico, Canada and the United States without moving equipment across the Canada-United States border, while units designated for international sale are shipped from North Dakota and Alberta. The Company does not expect tariffs between Canada and the United States to materially impact its rental business.
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Commercial Activity Accelerating
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Near-term opportunities include:
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- In Nigeria, discussions are advancing for additional Q5000 units following the successful commissioning of a unit in Q2 2026, with regulatory certification anticipated soon.
- In East Africa, Questor has submitted a firm proposal for a Q5000 unit; a letter of award is under discussion with an established international oilfield services client.
- In Western Canada, a firm proposal has been submitted for the sale of a Q5000 unit to an industrial customer for late 2026 delivery. Additionally, a short-term Q500 rental with an option to purchase has been signed in Alberta.
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Except for the signed rental in Alberta, these opportunities are not binding. Consistent with the Company’s Phase III plan, revenue targets are not contingent on any single opportunity.
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Longer-term, the Company is also actively pursuing:
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- A proposal for a 90-foot Q5000 unit for the second phase of a Western Canadian midstream gas processing project, with a decision expected in Q4 2026;
- Proposals for three Q5000 units across two projects in Africa with an existing customer, with front-end engineering expected in the first quarter of 2027;
- Participation in pre-front-end engineering and design for a heat recovery project in Iraq; and
- A two-unit proposal in Kurdistan, subject to customer capital allocation and regional conditions.