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Nortel says it capability trade - little enterprise - with the launch this week of VoIP, Ethernet, WAN and wireless LAN gear targeting groups with 5 to 250 clients.
The VoIP piece includes adjustments to Nortel’s typical trade Communications manager (BCM), an SMB-concentrated VoIP swap. anyway having migrated to Linux from the windows server platform, BCM now has safety, administration and utility points. vigor over Ethernet (PoE) switches, WLAN entry aspects and a cozy router for SMBs are additionally a Part of the package.
BCM four.0’s cheer for Session Initiation Protocol (SIP) trunking makes it feasible to connect the territory into a SIP-based VoIP carrier from carriers. The container additionally comprises an SMB contact middle equipment, with name-routing queuing aspects and Nortel’s CallPilot unified messaging software.
BCM four.0 besides has a brand new aspect supervisor utility, which lets directors agenda rig backups, apply working device and VoIP application patches, and submit upgrades through a browser-based GUI. an extra management upgrade is the addition of Proactive Voice exceptional Monitoring - a know-how developed by using Nortel and VoIP administration enterprise NetIQ - which measures the much of voice calls on an IP telephony community and provides tools to troubleshoot and configure community settings to help character over LAN or WAN hyperlinks, Nortel says.
For wired records networking apparatus, Nortel is launching the trade at ease Router (BSR) 222 and the enterprise Ethernet swap (BES) product traces; for WLANs, Nortel has the company access element (BAP) 120. all community items are designed for SMBs with limited IT and network abilities.
“here is the sort of factor that Nortel has been wanting to attain for ages now,” says IDC research Director Ken Presti. The circulate from Nortel additionally comes six months after Cisco started its own SMB product and functions shove below its Linksys One manufacturer. “It’s difficult to claim if here's actually a response to Linksys One,” Presti says, “or just because of the two agencies getting the selfsame pulse-reading on the market.”
The BSR 222 router bundles WAN routing, firewall, VPN (as many as 10 IPSec tunnels) and VoIP gateway services into a kit that can breathe established on a laptop. The box, in accordance with Nortel’s Contivity router/VPN items for corporations, is intended for workplaces with a maximum of fifty people. It has 4 Ethernet ports and two WAN-facing ports for connecting to a broadband modem.
The BES line contains the 24-port BES120-24T-PWR and forty eight-port BES120-48T-PWR switches; each and every territory has a 10/100Mbps port and two 10/100/1000 uplink ports; half the ports on each box aid PoE. The switches aid 802.1p packet prioritization and Differentiated functions for applying QoS to VoIP traffic. BES120 switches devoid of PoE are available. Non-PoE types of the switches - BES110-24T and BES110-48T - besides are a Part of the launch.
Nortel’s BAP a hundred and twenty is a stand-by myself 802.11a/b/g entry element that can pilot an office with as many as a hundred users with WLAN access, Nortel says. The BAP 120’s net-based mostly management interface gives simplified setup and administration points for corporations that may besides not absorb WLAN specialists within the workplace, Nortel says.
The trade expects all of the new Nortel gear to breathe obtainable in mid-August. Pricing for the BES items stages from $535 to $2,300. The BSR 222 prices $578, and the BAP one hundred twenty fees $550. The BCM four.0 costs from $4,900 to $8,600, counting on configuration.be Part of the network World communities on facebook and LinkedIn to palpate upon topics which are proper of intellect.
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Microsoft Corp. on Wednesday warned clients of three newly-recognized home windows flaws that could enable attackers to essentially buy over users’ machines and launch denial of provider (DoS) attacks.
Two flaws, listed as crucial, are buffer overruns, which in essence overload PCs with information and enable attackers to buy over the machines. The third is a DoS flaw that affects the far off procedure title (RPC), a protocol used by means of the home windows working gadget.
in keeping with the Microsoft safety Bulletin MS03-039, if an attacker efficaciously exploits these vulnerabilities, he or she could breathe in a position to elude code with indigenous rig privileges on affected methods, which means the attacker might install or delete classes and change, delete or view information. (Please note http://www.microsoft.com/safety/security_bulletins/ms03-039.asp.)
Affected utility includes home windows NT notebook four.0, NT Server four.0 and Terminal Server version, together with home windows 2000, home windows XP and windows Server 2003.
The safety holes are “very similar” to a vulnerability disclosed in July in bulletin MS03-026, in accordance with Jeff Jones, senior director of trustworthy Computing security at Microsoft. (Please note http://www.microsoft.com/technet/treeview/default.asp?url=/technet/protection/bulletin/MS03-026.asp.)
Code to buy odds of that vulnerability looked on the internet almost immediately after the liberate of the MS03-026 protection bulletin. inside weeks, a web worm the employ of that exploit code, W32.Blaster, became launched, infecting a all bunch of hundreds of computer systems international. [Please note Feared RPC worm starts to spread.]
The patch launched Wednesday additionally covers the past RPC gap and supersedes that previous patch. Microsoft now recommends valued clientele apply MS03-039 as a substitute of the MS03-026 patch, Jones referred to.
Microsoft is recommending clients of affected software download the patch instantly and submit stronger firewall configurations to support give protection to networks from far off assaults.
based on the CERT Coordination middle, an incredible reporting centre for information superhighway security issues located on the application Engineering Institute at Carnegie Mellon university in Pittsburgh, users may additionally restrict publicity to attacks with the aid of blocking off entry to TCP and UDP ports one hundred thirty five, 139 and 445 from outside the network perimeter. youngsters, attackers in the community perimeter would nonetheless breathe in a position to exploit the vulnerability.
while Microsoft has no longer yet suggested any exploitation of the vulnerabilities, Brampton, Ont.-based mostly Nortel Networks issued its own advisory Wednesday to valued clientele warning that a few of its choices can besides also breathe in danger.
The advisory pointed out that “a constrained number of Nortel Networks items and options are potentially plagued by this difficulty, and the character of those items and options tends to region them within a non-public network. as a result, if network perimeter protection is employed as advised by means of both CERT and Microsoft (i.e. blocking entry to TCP & UDP ports 135, 139, and 445) these items and options should silent now not breathe susceptible to assaults from the common public internet.”
vulnerable Nortel products encompass Symposium together with TAPI ICM, CallPilot, company Communications supervisor, alien Centrex-IP, and Periphonics with OSCAR Speech Server. At press time, the following items absorb been silent under evaluation from Nortel: Alteon security supervisor; network Configuration supervisor for BCM; Preside website supervisor; and Preside device manager Interface.
community acquaintances Inc. additionally issued a celebrate Wednesday informing its clients that its McAfee Entercept line is able to identify and protect against buffer overrun vulnerabilities, together with the latest Microsoft flaws. in response to the business, Entercept disallows assault code from being executed from writable reminiscence as a result of buffer overruns and does so even with out the most up-to-date patch achieve in.
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Under-employment rate was 20.1% while youth unemployment and/or under-employment stood at 43.3%. The high rates of youth unemployment and under-employment has made it imperative for government and private sector stakeholders to adopt far reaching methods and initiatives to create jobs for the young populace. Nigeria has a rare occasion of a relatively youth population compared with other countries, particularly in Asia. This offers opportunities for industrialization and rapid economic growth arising from availability of labour.
One of the reasons for increasing unemployment rates in Nigeria is the requisite of preempt skills for available jobs. In 2016, the World Bank “Skills for Competitiveness and Employability” report examined the demand in priority economic and job growth sectors and how to ensure the prerogative skills are available. In the report, it was observed that, “a transition into more productive employment requires more skills. Nigeria needs to help basic skills levels”. The report states that some 30 percent of Nigerian youth absorb not completed more than primary education. Therefore, beyond basic skills, better policies and programs would help access and market relevance of technical vocational education and training. It is therefore notable to implement policies and programs that will equip the bulging youth population with the prerogative skills for available jobs or for self-sustainability.
UNESCO described Technical Vocational Education Training (“TVET”) as concerned with the acquisition of scholarship and skills for the world of work. It comprises education, training and skills development relating to a wide ambit of occupational fields, production, services and livelihoods. TVET, as Part of lifelong learning, can buy situation at secondary, post-secondary and tertiary levels and includes work-based learning and continuing training and professional development which may lead to qualifications.
It includes a wide ambit of skills development opportunities attuned to national and local contexts which caters to a wide array of topics ranging from stem focused training for primary and secondary pupils, to artisan training on welding and fabrication, scaffolding, pipe fitting, bricklaying, plumbing, garment making, catering and hospitality, tiling and finishing, mechanic and electrician skills; and more advanced skills on electrical technology, production technology, instrumentation and control technology, power engineering technology, mechatronic, industrial automation and drive technology. It besides incorporates topics on trade administration, communication and presentation to cheer Trainees develop entrepreneurial skills.
Similarly, UNESCO identifies education and training as central to the achievement of the 2030 agenda for sustainable development. SDG goal 4 requires states to ensure inclusive and equitable character education and promote lifelong learning opportunities for all. It believes that TVET contributes to developing knowledge, skills and competencies of individuals for their employment, careers, livelihoods and lifelong learning. TVET helps individuals to submit transitions between education and the world of work, to combine learning and working, to sustain their employability, to submit informed choices and to fulfill their aspirations. TVET contributes to gregarious cohesion by enabling individuals to access labour market, livelihood and lifelong learning opportunities.
And as Nigeria prepares to unite the relaxation of the World for Industry 4.0, it has become plain that the absence of skilled workforce will breathe a censorious bottleneck. In the 20th Century, Technical Colleges were set up across the Country to submit skilled labour in several trades and vocations, or at the minimum, submit employment ready skills for industries. The Colleges besides produced character intakes for Universities and Polytechnics across the Nation.
Lessons from other economies that absorb experienced rapid growth in industrialization suggest that technical, vocational, and professional skills that require higher cognitive abilities will requisite to breathe produced to support Nigeria’s economic growth and development. Implementing TVET schemes require sturdy pecuniary commitment, Government must buy the lead in investing in the schemes to submit it attractive for private sector organizations to participate and patronize.
The requisite of a comprehensive system for certification of competencies is a key challenge; TVET Centers must breathe accredited by the Government and issued Certificates benchmarked with existing degrees and awards, to earn the required recognition in the labour market. Education curriculum at secondary and tertiary institutions should breathe properly aligned to Industry needs; otherwise, it creates a decrepit linkage between the ‘town’ and ‘gown’.
The availability of competent and qualified trainers is a censorious issue; and there needs to breathe internship opportunities for trainees to demonstrate scholarship and skills during the theory stage of TVET programs. A sturdy collaboration with industries is required in drafting a curriculum that meets their skill requirements so apprentices will absorb the industry-required skills.
Germany is known across the world as the leading economy for engineering and technical vocational training. The dual vocational education system as practiced is a parallel training in an enterprise and a vocational school. Siemens has been a major contributor to the success of TVET in Germany. Through the Siemens Professional Education, Siemens provide training for over ten thousands across the world for own needs and customer requirements. Siemens has besides gone into cooperation with large Corporate and National Governments to implement TVET programs.
In 2015, Siemens cooperated with Tata in India for the setting up of a training centre. The centre has a yearly intake of 108 trainees. Similarly, as Part of the Egypt mega power project, Siemens went into strategic alliance with the Egyptian government resulting into setting up a training centre and rehabilitation of another vocational school. Within a era of 4 years, more than 5,000 trainees would breathe recorded along major trades.
Siemens is able to support Nigeria replicate these successes through cooperation with the Federal Government and/or reputable industrial conglomerates to submit technically skilled workforce to meet the present and future skill requirements of Industry 4.0 and bring youth unemployment to minimal levels.
Oladayo Orolu Head, trade development Siemens Limited 21 February 2019
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CALGARY, Alberta, April 02, 2019 (GLOBE NEWSWIRE) -- Questor Technology Inc. (“Questor” or the “Company”) (TSX-V: QST) announced today it’s pecuniary and operating results for the year ended December 31, 2018.
2018 pecuniary HIGHLIGHTS SUMMARY
(Stated in Canadian dollars except shares outstandingFor the years ended December 31 2018 2017 Increase (decrease) Revenue 23,472,526 19,458,016 4,014,510 Gross profit 13,781,407 11,223,032 2,558,375 Profit for the year 7,137,524 3,849,331 3,288,193 Gross profit as a percent of revenue 59.0 % 58.0 % 1.0 % Net cash generated from operating activities 9,003,702 4,775,966 4,227,736 As at December 31 Total assets 30,942,245 23,832,100 7,110,145 Total equity 26,379,455 18,779,219 7,600,236 Shares outstanding(1) Basic 26,456,110 26,453,603 11,507 Diluted 27,358,637 26,886,460 472,177 Earnings per share Basic 0.27 0.15 0.12 Diluted 0.26 0.14 0.12
(1) Weighted tolerable shares outstanding during the year.
Questor’s audited consolidated pecuniary statements and notes thereto and Management’s Discussion and Analysis for the three months ended December 31, 2018 and Year discontinue 2018 is available on the Company’s website at www.questortech.com and through SEDAR at www.sedar.com.
The Questor team delivered sturdy results for 2018 with the highest yearly revenue and earnings in the Company’s history. Their revenue has grown by 21% from 2017 to $23.5MM, a reflection of how their technology solution has been embraced in Colorado to meet Regulation 7, which mandates enclosed combustion for oilfield operations to deal effectively with emissions. Their earnings per share increased by 80% to $0.27 per share.
Revenue from incinerator rentals during the twelve months ended December 31, 2018 increased 41% versus the selfsame era of 2017. The Company’s successful marketing efforts expanded its customer foundation in Colorado and North Dakota during 2018 from 11 customers in 2017 to 24 customers in 2018. The increased demand for Questor’s units was supported by capital invested to grow the rental fleet, adding to the number of incinerators available for rent and therefore the revenue capacity. The Company’s expanded customer foundation and rental rig investment resulted in a 46% increase in the number of days rented.
In 2018, Questor demonstrated the potential for future continued growth by diversifying their markets and their customer base. They moved 23% of their rental fleet to North Dakota in the final quarter of 2018. Rental units absorb besides been moved into Wyoming, Texas and New Mexico. Additionally, of significance in 2018 was the recognition and acceptance of their higher combustion efficiency (99.9%) performance by the regulators in both Colorado and North Dakota. This has enabled their clients to increase their oil production at each pad site. The recognition of Questor’s higher performance at site, 99.9% (from 95%), translates into lower Volatile Organic Compound (VOC) emissions on site that results directly into an increase in oil production or adequate operating elbowroom within their new air permits. Each site has a circumscribe of 100 tonnes of VOC’s per year which is expected to breathe reduced to 50 tonnes in 2020.
Questor is proud to breathe recognized and selected for its cost efficacious solutions and will continue its pursuit of earning the self-possession and trade of existing clients and new customers. With their sturdy poise sheet, they will continue to commit capital to grow their presence in regions where producers are looking for high performing, cost-effective technologies to manage their waste gases and fugitive emissions. Other States in the US are in the process of implementing similar rules to those in Colorado to deal with emissions.
The Company remains committed to its strategic intent of measurable technology diversification. They are continuing to pursue opportunities in jurisdictions where regulations mandate not just spotless combustion but the beneficial employ of the gas. Power from waste heat, is a key component to meeting that mandate and notable to their strategy for diversification and differentiation. They were pleased in 2018 to promulgate that they had been awarded a $5.8MM constrict to cleanly combust vented methane and transmute it to power in Mexico. The combination of spotless combustion incineration technology with their power generation rig at three oil and gas production facilities in Mexico is expected to showcase their commitment to this strategic initiative. Questor’s wholly owned subsidiary, ClearPower Systems Inc. (CPS), continues to aggressively market its waste heat to power technology. With the sucess achieved in 2018, it is expected that ClearPower will succeed in deploying incinerated gas to heat to power solutions in 2019.
The Company has besides recently commenced a project focused on the capture and transmission of data from sensors installed on their waste gas incineration systems. The data will breathe transmitted to a Emissions Management Control seat that will breathe set-up in Calgary were a team will monitor their rig from one central site. The objective of the project is to collect real-time information that allows their clients to demonstrate compliance with the increasing regulations to reduce harmful air pollution arising out of crude oil and natural gas industry activities. The project includes specific focus on the efficient destruction of methane, volatile organic compounds (VOC’s) and hazardous air pollutants (HAP’s). The recognition by the regulator of their higher combustion performance (exceeding 99%) in North Dakota will breathe aided with this data. This data initiative will assist us with the mangement of their growing rental fleet and differentiate us from their competitors in the waste gas combustion business. This data platform will besides enable their clients in Colorado to meet the new proposed bill requiring continuous emissions monitoring. Confirmation and certification of emission reductions are becoming a key metric with regulators, the public, investors and shareholders. Most recently, many large global E&P companies absorb stated emission reduction goals and tied their executive compensation on meeting these goals and targets. Eventually this data system will breathe used to provide their clients with verifiable emission reduction credits.
The urgency for action to address climate change has increased the focus on combusting methane cleanly as one of the most efficacious short term ways of meeting the greenhouse gas (GHG) emission and methane reduction goals. Methane is 86 times more impactful than carbon dioxide (CO2) from a global warming perspective, over a twenty year period. By utilizing Questor’s patented spotless combustion technology their clients’ eradicate their methane emissions and reduce the GHG emission repercussion thirty-fold. In Colorado and North Dakota, Questor is demonstrating that their technology cost effectively eliminates methane emissions and other hazardous air pollutants. Many large E&P companies absorb set goals and targets to reduce methane and most recently some absorb connected their executive compensation to emission reduction results.
In 2018 they laid a sturdy foundation for continued growth in 2019. They demonstrated significant growth with their existing resources and expertise, strengthening the bottom line. They are confident in their skill to innovate, execute and continue to grow with their core team. They will continue to invest capital to assist in solving their clients challenges. Questor is fully engaged in providing solutions for the complete life cycle. They absorb established a sturdy supply chain and vendor network to scale up in a timely manner that will respond and grow with us. The rental fleet is new which provide the platform for sustainable revenue generation. Their sturdy poise sheet will allow us to buy odds of the opportunities they note in the pipeline for Questor in 2019.
Revenue increased $4.0 million (21%) for the twelve months ending December 31, 2018 versus the selfsame era of 2017. Revenue from incinerators rentals increased 41% from $11.4 million in 2017 to $16.1 million in 2018. Incinerator rig sales decreased 20% from $6.5 million in 2017 to $5.2 million in 2018. Incinerator service revenue increased 38% from $1.6 million in 2017 to $2.2 million in 2018.
The Company secured new contracts North Dakota late 2018 which resulted in stirring 23% if it’s fleet from Colorado to North Dakota. The successful award of North Dakota contracts and reallocation of rental assets to new markets support the Company’s strategy to diversify its markets and customer base.
Gross profit increased $2.6 million (23%) from $11.2 million in 2017 to $13.8 million in 2018 as result capturing obscene profit on incremental incinerator rental and service revenue. obscene profit as a % of revenue improved as result of high mingle of rental revenue, rental revenues carry lower cost of sales which resulted in improved overall margins and obscene profit. The Company’s commitment to supply chain management with focus on procuring character materials and sourcing materials at competitive prices. The Company’s continued focused on managing operations infrastructure ensuring roundabout operational resource additions are consistent with increased activity and revenue growth.
Earnings increased $3.3 million (85%) for the twelve months ending December 31, 2018 versus 2017.
FOURTH QUARTER 2018 pecuniary HIGHLIGHTS SUMMARYFor the three months ended December 31 2018 2017 Increase (decrease) Revenue 5,980,907 6,812,039 (831,132 ) Gross profit(1) 2,775,709 4,189,955 (1,414,246 ) Profit for the period 1,513,342 1,048,704 464,638 Cost of sales as a percent of revenue(1) 54.0 % 38.0 % 16 % Earnings per share Basic 0.06 0.04 0.02 Diluted 0.06 0.04 0.02
FOURTH QUARTER 2018 HIGHLIGHTS
Revenue decreased $0.8 million (12%) for the three months ending December 31, 2018 versus the selfsame era of 2017. Revenue from incinerators rentals decreased 22% from $4.6 million in 2017 to $3.6 million in 2018. Incinerator rig sales increased 20% from $1.5 million in 2017 to $1.8 million in 2018. Incinerator service revenue decreased 17% from $0.7 million in 2017 to $0.6 million in 2018. The majority of the dwindle in revenue was result of Questor’s largest client curtailing activity during the three months ended December 31, 2018.
The Company secured contracts in North Dakota during 2018 which resulted in stirring 23% if it’s fleet from Colorado to North Dakota during the three months ended December 31, 2018. The successful award of North Dakota contracts and reallocation of rental assets to new markets support the Company’s strategy to diversify its markets and customer base. The reallocation of rental assets required the rig to breathe taken out of service for a short era of time.
Gross profit decreased $1.4 million (34%) from $4.2 million in 2017 to $2.8 million in 2018 as result of lower incinerator rental and service revenue. The Company completed a complete preventative maintenance program prior to transportation of the units to the North Dakota market. The costs of the preventative maintenance program and transportation expenses were approximately $0.5 million, the majority of which were transportation costs.
Earnings increased $0.5 million (44%) for the three months ending December 31, 2018 versus the selfsame era of 2017. The improvement was result of alien currency gains, lower efficacious tax rate and no impairment charges.
Questor expects to continue to enlist new clients for its rental fleet 2019. By growing the fleet, they absorb been able to ensure their clients absorb access when they requisite as midstream capacity continues to lag development. They absorb developed a new low-pressure burner technology that they are installing in all new rental units and are retrofitting into all existing units. This technology is allowing their units to operate with more flexibility and provides an exemplar capacity between high and low-pressure gases typically experienced from the flowback side through production operations. The technology is applicable to emissions control during drilling and hydraulic fracturing, which will further enable Questor to market its versatility across all phases of wellsite and facility operations. In general, Questor anticipates that the selfsame take-away constraints will result in the industry seeking additional emissions control solutions in order to grow its production, driving demand for their products in 2019.
ColoradoColorado’s Regulation 7 mandates the employ of enclosed combustion and now targets methane, resulting in a statewide focus on the accountable management of potentially fugitive hydrocarbons. While the States regulations support the employ of the Company’s products, a new Senate Bill 181 (SB181) is likely to breathe introduced in 2019, if passed in its current form, it may increase the level of mistrust for the Colorado market. The new bill contemplates more input from local communities over oil and gas development and requires continuous emissions monitoring (CEM). The Colorado oil and gas industry is requesting several key amendments to breathe added to SB 181 before it makes its artery completely through the House of Representatives. The objective of the amendments is to submit lucid that Colorado welcomes and fosters accountable oil and gas development by setting specific standards for which operators will breathe measured upon. Lobbyists are hopeful that the select amendments will breathe added as the bill moves to the House’s Appropriation Committee.
In April, 2018, Questor’s Q5000s were independently live tested in Colorado under ordinary flowing conditions at a client’s site, confirming performance in excess of 99.99%. To that point all Combustors in Colorado were assumed to breathe 95% efficient. The significance of the recognition of Questor’s higher performance at site , 99% (from 95%), translates into lower Volatile Organic Compound (VOC) emissions on site that results directly into an increase in oil production or adequate operating elbowroom within their new air permits. Each site has a circumscribe of 100 tonnes of VOC’s per year which is expected to breathe reduced to 50 tonnes in 2020.
North DakotaNorth Dakota is enforcing US EPA regulations at the status level that rewards the employ of high efficiency combustion of VOCs from oil production. In October 2018, Questor was independently tested under EPA testing procedures in North Dakota and, once again, confirmed its performance in excess of 99.99%. In what can breathe referred to as a game-changing solution, their higher emissions control delivers value in the contour of increased oil production for their clients while maintaining NOx and VOCs at low and compliant levels. The Company secured contracts North Dakota which resulted in stirring 23% if it’s fleet from Colorado to North Dakota during the fourth quarter of 2018. The successful award of North Dakota contracts and reallocation of rental assets to new markets support the Company’s strategy to diversify its markets and customer base. Questor has established a presence in North Dakota with a new foundation of operations that provides complete service support.
The Company is forecasting market share growth in North Dakota for 2019. Capital investment for the North Dakota is described below in Capital Expenditures.
CanadaThe Company is anticipating 2019 to breathe a difficult year for the domestic oil and gas industry in Canada. The volatility in commodity prices self-possession in oil and constraints for NGL take-away options for WCSB originated production. Current regulations continue to permit flaring and attain not mandate the employ of efficiency waste gas incineration systems. These challenges are expected to continue through 2019, the Company expects that demand for its products and services in Canada to breathe relatively consistent to 2018.
MexicoOn January 7, 2019 the Company announced that it has been awarded a project to supply spotless combustion incineration technology with their waste heat to power generation rig at three oil and gas production facilities in Mexico. The total project award amount of $5.8 million is expected to breathe recognized in 2019. Questor is pleased to showcase its technologies to eradicate gas venting and methane and utilize the waste heat to generate power for a significant asset owner within the oil and gas sector in Mexico.
Texas and New MexicoThe demand for wellsite emissions control is extending to the Permian in Texas and New Mexico especially with the challenges of requisite of gas pipeline infrastructure. They are experiencing sales and rental revenue in Texas as a direct result of their marketing efforts. The Permian Basin is forecasted to require investment capital for rental rig to achieve market share growth in 2019.
Capital ExpendituresQuestor will continue to commit capital to grow a presence in regions where producers are looking for high performing, cost-effective technologies to manage their waste gas and fugitive emissions. The Company is forecasting 2019 Capital Expenditures of $7-10 million focused on the continued expansion of the rental fleet. The Company expects approximately 90% of the budget will breathe dedicated to additional proprietary rental emission control equipment. The poise of the budget will breathe allocated to rental support rig and maintenance capital. Questor expects 70% of the new units will breathe fabricated and made available for employ in the first half of 2018.
The Company expects to deploy the new rig to Colorado to supplant the units reallocated to North Dakota during the fourth quarter of 2018. Questor estimates 35% of the 2019 capital budget will fade to the Colorado market. The Company is forecasting market share growth in North Dakota for 2019. Capital investment for the North Dakota is expected to breathe 45% of the 2019 capital budget. The poise of the 2019 capital budget is currently allocated to provide rig to grow the Texas and New Mexico market.
Market ShareThe Company’s primary objective for 2019 is to gain gas combustion market share in the Colorado, North Dakota, Texas and New Mexico market through its incineration products and services. Questor believes that the spotless technology industry will remain an integral component of resource development over the long term and that the Company will breathe well positioned given its focus on top-tier service, quality, logistics management and technology.
Product DiversificationThe Company remains committed to strategic and measurable technology diversification. Heat to power, water vaporization, glycol dehydration emissions control and low-pressure waste gas combustion are all synergistic diversifications of spotless technology products and services that will support resource development over the long term.
ABOUT QUESTOR TECHNOLOGY INC.Headquartered in Calgary, Alberta, Questor has a trained workforce who provide specialized waste gas incineration products and services that may breathe required for the exploration, development and production of oil and gas reserves.
There are a number of methods for handling waste gases at upstream oil and gas facilities, the most common being combustion. Flaring and incineration are two methods of combustion accepted by the majority of provincial and status regulators. Historically, the most common nature of combustion has been flaring. Flaring is the igniting of natural gas at the discontinue of a flare stack—a long metal tube up which the gas is sent. This causes the characteristic flame associated with flaring.
Incineration is the mixing and combusting of waste gas streams, air, and fuel in an enclosed chamber. Air and gas are mixed at a controlled rate and ignited. No flame is visible from an incinerator that is operating properly. Properly designed incinerators can result in higher combustion efficiency than flares. A correctly operated incinerator can submit higher efficiencies through proper mixing, gas composition, retention time, and combustion temperature. Combustion efficiency, generally expressed as a percentage, is essentially the amount of methane converted to CO2, or H2S converted to SO2. The more converted, the better the efficiency.
Questor designs, manufactures and services proprietary high efficiency waste gas incineration systems. The Company incineration product line is based on spotless combustion technology that was developed by the Company and patented in both Canada and the United States in 1999. Questor has continued to evolve the technology over the years making a number of improvements from the original patent. The Company currently has five new patent filings that are currently pending. The original spotless combustions patent expires in November 2019.
Questor’s highly specialized technical team works with the client to understand the waste gas volume and composition. The Company’s technical team determines the specific incineration product specification to achieve 99.9 percent combustion efficiency. The incinerators vary in size to accommodate little to large amounts of gas handling, the ambit is 50 mcf/d to 5,000 mcf/d. The incinerators besides ambit in automation and instrumentation depending on the client’s requirements. Questor’s incinerators are used in multiple segments of the Oil and Gas industry including: drilling, completions, production and downstream.
The Company has three primary revenue streams; incinerator sales, incinerator rentals and incinerator services. Incinerator services comprise incinerator hauling, commissioning, repairs, maintenance and decommissioning. The Company offers incinerator products for purchase or for rent. Questor’s current key incineration market for 2018 and 2017 has been Colorado. The United States Environmental Protection Agency (EPA) issued regulations to reduce harmful air pollution arising out of crude oil and natural gas industry activities with a particular focus on the efficient destruction of volatile organic compounds (VOC’s) and hazardous air pollutants (HAP’s) and absorb recently introduced methane emission reduction legislation. In conjunction with U.S. Environmental Protection Agency (EPA) regulations, Colorado’s Regulation 7 mandates the employ of enclosed combustion (incinerators) and now targets methane, resulting in a statewide focus on the accountable management of potentially fugitive hydrocarbons. North Dakota besides has additional requirements that reflect some of the unique and specific needs that extend beyond the EPA’s requirements. The Company announced on November 26, 2018 that it was awarded contracts in the status North Dakota. The Company reallocated a portion of its rental fleet from Colorado to North Dakota during November and December 2018. At December 31, 2018, over 90% of the Company’s incinerator rental fleet is located in Colorado and North Dakota where regulation supports demand for its proprietary high efficiency waste gas incineration systems.
The Company besides provides its solutions to the Texas and Western Canadian markets. Questor expects that demand in these markets will increase as regulation continues to develop. Questor continues to debate economically advantageous solutions to its considerable client foundation in Alberta and it appears that a number of companies are taking leadership roles to lower their carbon footprint sooner than rules may require.
The Company services it’s key markets with territory offices in Brighton, Colorado; Watford City, North Dakota and Grande Prairie, Alberta. The infrastructure at the territory offices consist of territory technicians, maintenance technicians and administration. The facilities generally include, office space, maintenance shop and a yard to store incinerators. Questor personnel based out of the Company’s head office in Calgary, Alberta comprise Officers of the Corporation, management, engineering, technical sales, accounting and administration.
Questor trades on the TSX Venture Exchange under the symbol ‘QST’.Audrey Mascarenhas Dan Zivkusic President and Chief Executive Officer Chief pecuniary Officer Phone: (403) 571-1530 Phone: (403) 539-4371 Facsimile: (403) 571-1539 Facsimile: (403) 571-1539 Email: email@example.com Email: firstname.lastname@example.org
Certain information in this news release constitutes forward-looking statements. When used in this news release, the words "may", "would", "could", "will", "intend", "plan", "anticipate", "believe", "seek", "propose", "estimate", "expect", and similar expressions, as they relate to the Company, are intended to identify forward-looking statements. In particular, this news release contains forward-looking statements with respect to, among other things, trade objectives, expected growth, results of operations, performance, trade projects and opportunities and pecuniary results. These statements involve known and unknown risks, uncertainties and other factors that may antecedent actual results or events to differ materially from those anticipated in such forward-looking statements. Such statements reflect the Company’s current views with respect to future events based on inescapable material factors and assumptions and are theme to inescapable risks and uncertainties, including without limitation, changes in market, competition, governmental or regulatory developments, common economic conditions and other factors set out in the Company’s public disclosure documents. Many factors could antecedent the Company’s actual results, performance or achievements to vary from those described in this news release, including without limitation those listed above. These factors should not breathe construed as exhaustive. Should one or more of these risks or uncertainties materialize, or should assumptions underlying forward-looking statements prove incorrect, actual results may vary materially from those described in this news release and such forward-looking statements included in, or incorporated by reference in this news release, should not breathe unduly relied upon. Such statements speak only as of the date of this news release. The Company does not intend, and does not assume any obligation, to update these forward-looking statements. The forward-looking statements contained in this news release are expressly qualified by this cautionary statement.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This document is not intended for dissemination or distribution in the United States.
A report on “Emerging Technologies repercussion on Society & work in 2030” by Dell Technologies in 2017, revealed that almost 40% of jobs ranging from entry levels to the C-levels will breathe replaced by 2030.
This is a result of the Fourth Industrial Revolution, or Industry 4.0, where technologies such as robotics, artificial intelligence, augmented reality and more, are maturing and going to radically transform the artery businesses operate.
Smart systems that are fuelled by data and machine-learning allow decisions to breathe made without the involvement of human beings, and it is only inevitable that mundane, routine jobs will breathe replaced as a result of automation and robotics.
This has far-reaching implications for students aspiring to unite the workforce of tomorrow, and Institutions of Higher Learning absorb to play an increasingly pivotal role in ensuring students absorb skills that are relevant, even when technology changes.
At the Asia Pacific University of Technology and Information (APU), regardless of discipline, all students are empowered with the skill to maintain up with the challenges of Industry 4.0 and beyond.
First-of-its-kind Industry 4.0 apropos programmes
In line with Industry 4.0, new job titles emerge, and new talents are needed.
While Industry 4.0 transforms their lives, it besides transforms the artery a university should deliver knowledge, as well as the forms of scholarship that should breathe equipped by the future workforce.
This is done through the constant innovation and delivery of a wide ambit of programmes with Technology as a common core.
APU is developing Industry 4.0-relevant programmes that are first-of-its-kind, such as in Cyber Security, Data Science, IoT, brilliant Systems and Cloud Computing.
These programmes were carefully designed together with industry advisory panels to equip students with the latest technical and soft skills required by the future job market.
While Industry 4.0 besides impacts global the business, accounting and finance spectrum, APU students currently undergoing their studies in trade Management, Accounting, Banking & Finance are besides exposed to apropos areas relish pecuniary Technology (FinTech), Digital Marketing, E-Business and Blockchain.
Innovative teaching and learning
World-class facilities within the APU campus support the Industry 4.0-focused teaching and learning process by providing students with an ecosystem for their development.
Creativity and innovation are nurtured through discussion spaces, assume tanks and Innovation Labs within APU’s iconic campus, strategically located in Technology Park Malaysia (TPM), Bukit Jalil.
Industrial-grade infrastructure allows students to breathe exposed to real-time data and scenarios, training them to become competent technology professionals even before they graduate.
For instance, the first-of-its-kind APU CyberSecurity Talent Zone features military-grade real-time cybersecurity monitoring software at the full-fledged Cyber Threats Simulation and Response Centre and Security Operations Centre, providing them real-life exposure and practical experience.
Learning is no longer confined to the classroom; in the era of Industry 4.0, one’s practical scholarship becomes as significant as academic and theoretical knowledge.
Industry 4.0 adoption and development requires a high level of censorious thinking skills. Apart from providing world-class facilities, a university is accountable for developing innovative teaching and learning methods, to submit graduates that can assume critically, act innovatively and communicate ideas effectively.
While a university serves as a platform for developing talent, it is vital to ensure that the talents nurtured are in accordance with the expectations of the industry.
APU’s industrial partnerships with accelerators such as GrowthX Academy and Supercharger further enhance the platform for students to realise their world-changing ideas.
The formula has proven to breathe a success, as APU students absorb been well-recognised through their victories in national and international level competitions organised by major industry players, such as FAMELab, Intel-CREST Industry-University Challenge, NASA Space Apps Challenge, World Asian trade Case Competition, SAS FinTech Challenge and many more.
Over 40,000 alumni are employed globally in multinational companies such as Accenture, HP, IBM, Huawei Technologies, Astro, Maybank, touchstone Chartered and more.
Nurturing soft skills
Being Industry 4.0-ready besides means students must communicate effectively in this era of globalisation and multiculturalism. APU students operate within a globalised campus environment that houses a community of students from more than 120 countries.
A global outlook, international understanding and respect can breathe nurtured through the continuous immersion in multicultural discourse, as events such as Independence Days, Multicultural Nights and other cultural celebrations buy situation regularly here.
This continuous cultivation within campus builds students’ self-possession and equips them with apropos cross-cultural communication skills, making them workplace-ready even before they graduate.
APU besides instills practical workplace skills within the curriculum, to build students’ self-possession so they become workplace-ready.
Students dress in professional attire, while adhering to a professional code of conduct on-campus.
Together with over 10,000 industrial partners and potential employers, APU creates an environment that simulates the future workplace, too boost students’ self-possession not just for their first jobs but for lifelong careers.
APU is amongst Malaysia’s premier private universities and has earned a reputation as an award-winning university at national and international levels.
It is recognised as among the Highest Rated Emerging Universities in Malaysia, being rated at TIER 5 (EXCELLENT) under the SETARA 2011 Ratings by the Ministry of Higher Education and Malaysian Qualifications Agency, and has maintained this excellence in the SETARA Ratings for 2013 and 2017.
Under the Quacquarelli Symonds (QS) 2017 Ratings, APU was awarded 5-Stars in four categories of the QS Stars Ratings – Teaching, Employability, Facilities and Inclusiveness.
The QS stars rating is an international rating system that measures the achievements and qualities of universities worldwide.
In 2017, the Malaysia Digital Economy Corporation recognised APU as one of Malaysia’s Premier Digital Institutions of Higher Learning (IHL) for its commitment in offering top-notch digital technology courses and ensuring highly skilled graduates continue to brandish and fill future digital job demands locally and globally.
For more information visit www.faconedufair.com, ensue us on www.facebook.com/faconeducationfair or WhatsApp 018–7897686.
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PRMIA [1 Certification Exam(s) ]
PsychCorp [1 Certification Exam(s) ]
PTCB [2 Certification Exam(s) ]
QAI [1 Certification Exam(s) ]
QlikView [1 Certification Exam(s) ]
Quality-Assurance [7 Certification Exam(s) ]
RACC [1 Certification Exam(s) ]
Real-Estate [1 Certification Exam(s) ]
RedHat [8 Certification Exam(s) ]
RES [5 Certification Exam(s) ]
Riverbed [8 Certification Exam(s) ]
RSA [15 Certification Exam(s) ]
Sair [8 Certification Exam(s) ]
Salesforce [5 Certification Exam(s) ]
SANS [1 Certification Exam(s) ]
SAP [98 Certification Exam(s) ]
SASInstitute [15 Certification Exam(s) ]
SAT [1 Certification Exam(s) ]
SCO [10 Certification Exam(s) ]
SCP [6 Certification Exam(s) ]
SDI [3 Certification Exam(s) ]
See-Beyond [1 Certification Exam(s) ]
Siemens [1 Certification Exam(s) ]
Snia [7 Certification Exam(s) ]
SOA [15 Certification Exam(s) ]
Social-Work-Board [4 Certification Exam(s) ]
SpringSource [1 Certification Exam(s) ]
SUN [63 Certification Exam(s) ]
SUSE [1 Certification Exam(s) ]
Sybase [17 Certification Exam(s) ]
Symantec [135 Certification Exam(s) ]
Teacher-Certification [4 Certification Exam(s) ]
The-Open-Group [8 Certification Exam(s) ]
TIA [3 Certification Exam(s) ]
Tibco [18 Certification Exam(s) ]
Trainers [3 Certification Exam(s) ]
Trend [1 Certification Exam(s) ]
TruSecure [1 Certification Exam(s) ]
USMLE [1 Certification Exam(s) ]
VCE [6 Certification Exam(s) ]
Veeam [2 Certification Exam(s) ]
Veritas [33 Certification Exam(s) ]
Vmware [58 Certification Exam(s) ]
Wonderlic [2 Certification Exam(s) ]
Worldatwork [2 Certification Exam(s) ]
XML-Master [3 Certification Exam(s) ]
Zend [6 Certification Exam(s) ]
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