Q2Power seeks to become a leading manufacturer of compost and engineered soils from recycled waste for the agriculture, horticulture, construction and infrastructure sectors. Through a plan of acquisitions, strategic alliances, and organic growth focused on creating and marketing quality beneficial reuse end products, Q2P seeks to build the preeminent compost and soil company in North America. We recently completed the first phase of a bridge financing that will expedite this business plan and operational transition, and have begun to wind-down our previous waste-to-power R&D operations.
Until this year, the business of Q2P was the development of waste heat and waste fuel-to-power systems based on unique external combustion engine technology. Our prime target market for our waste-to-power systems was small-scale Waste Water Treatment Plants (WWTPs), whereby we could capture methane produced from the WWTPs and convert it into power and usable heat. We developed this technology from proof-of-concept to a working pilot stage product in central Ohio between 2014 and 2016.
Through the course of our pilot program, we collected significant information about the technology and the operations and cost structures of WWTPs generally. A large portion of a WWTP’s operating expenditures are spent removing the residual sludge (called “biosolids”) from digesters, the vast portion of which is either landfilled or applied directly to the land. Technologies and processes that can convert biosolids to other useful products, such as compost and engineered soils, we determined, could provide additional value to agricultural and construction sector customers, and new revenue streams for this waste value chain.
In mid-2016, along with the addition of two new Board of Director members with vast experience in the waste water, biosolids and waste recycling sectors, we started pursuing synergistic alliances with companies that have facilities, technology and business networks for the manufacturing and sale of these beneficial re-use products. This led us to composting and our plan to get involved in this incredibly important industry that affects the food we eat, the water we drink and the air we breathe.
Please watch for major changes and announcements for Q2P over the coming months. We are very excited about our new direction and future prospects, and hope you will join us on this journey.
To see all of the Company’s filings with the Securities & Exchange Commission, click here.