Company Overview - flooidCX Corp. / Quantum Energy Corporation

Business Focus

• Innovative Energy Technology Company specializing in distributed, consumer-owned electrical energy systems.
• Hold exclusively licensed and patent-pending technologies in energy harvesting and transmission.
• Developed a proprietary, patent-pending technology called Electrical Energy Transmission (EET) that transmits harvested electrical energy through standard USB or Ethernet cables, reducing costs and improving efficiency.

Core Technologies & Products

• Harvested and Thermal Electrical Energy Collection & Transmission (EET)
• Photon Lighting Systems: Converts existing lighting fixtures into energy harvesting power generators; works with LED and sodium vapor lights, both indoor and outdoor.
• Photovoltaic (Solar) Systems: Lightweight, self-cleaning, and protective options, significantly lighter than conventional solar panels.
• Thermal Energy Harvesting: Converts waste heat into electricity and heat into light.
• Photon Engines and Magnetic Propulsion Units: Micro-mechanical engines converting minimal input power into clear electrical power, utilizing a magnetic levitation flywheel system achieving high speeds (500 to over 5000 rpm).
• Energy Storage: Includes Quantum SAFE Iron-Air batteries, offering a sustainable and safe alternative to lithium batteries.
• Magnets and Magnetic Assemblies: High-quality magnets produced in proprietary manufacturing facilities.
• Recycling & Processing of Rare Earth Materials (Magnets): Operational facilities in Wyoming and Missouri focus on recycling magnets for use across industries.

Market Opportunities & Strategy

• Targeting global demand for sustainable, efficient energy driven by population growth, climate initiatives, and energy security needs.
• Products leverage unique proprietary technology and are marketed via licensed distributors under long-term (240-month) contracts.
• Distribution and sales involve exclusive and non-exclusive licensing agreements; recent sales include Canadian, Washington State, Oklahoma, and Philippines territories.
• The company intends to expand its customer base, with active customers including corporations, government agencies, and private entities.

Financial Highlights & Operations

• Revenue: $6.5 million for the fiscal year ending December 31, 2023, primarily from the sale of licensed distributorships.
• Expenses: Significant increase in general & administrative costs to approximately $484,000 in 2023 from about $34,000 in 2022, mainly due to increased operations.
• Net Income: Approximately $794,000 in 2023.
• Other Expenses: ~$5.2 million in 2023, primarily driven by a $5.09 million loss on debt settlement.
• No revenue was generated in 2022 before the sale of distributorship licenses in late 2023.
• Assets: As of December 31, 2023, current assets amounted to $5.15 million, largely accounts receivable.
• Liabilities: Total current liabilities were approximately $4.10 million.
• Net Working Capital: Positive at $2.4 million as of December 31, 2023.

Ownership & Employees

• Shares Outstanding: 49.17 million common shares.
• Major Shareholders: Dennis M. Danzik (28%) and other key investors.
• Employees: The company has a full-time internet and security engineer, with management including the President and Directors. Exact employee count is not specified, but operations involve multiple regional offices and facilities.

Strategic & Operational Details

• Recent sales include licensed distributorships in Canada, Washington, Oklahoma, and the Philippines, each for $1.5 million.
• Developing larger-scale projects in Texas, Arizona, Michigan, and Wyoming with potential installation fees exceeding $150 million and recurring revenue contracts over $100 million.
• Long-term licenses involve 240-month contracts for customers, with ongoing monthly recurring payments.
• Ownership emphasizes environmental sustainability, with recycling of rare earth magnets and sustainable energy solutions.
• The company has no current issued dividend plans and no critical accounting policies or ongoing legal proceedings.

Summary

• Summary: flooidCX Corp./Quantum Energy focuses on revolutionary, consumer-owned distributed energy systems, utilizing proprietary light, thermal, and electromagnetic energy harvesting technologies to generate and transmit clean electrical power efficiently and cost-effectively worldwide. It operates mainly through licensing agreements and has recently begun large-scale installations, with a financial focus on license sales and project development.