SANTA ANA, Calif., Nov. 17 (Korea Bizwire) — QuantumSphere, Inc. (OTCQB:QSIM), a leading producer of advanced catalyst technologies for industrial chemical processes, announced today that Frost & Sullivan has presented QuantumSphere with its 2015 North American Nanocatalysts Technology Innovation Award. Frost & Sullivan is a 54-year-old research and consulting company with 1,800 analysts, growth consultants and visionaries operating from over 40 global offices.
The Frost & Sullivan award states that “QuantumSphere’s ability to enhance ammonia production with its FeNIXTM nanocatalyst coating promises commercial growth for the company as ammonia producers adopt this exciting new technology. Frost & Sullivan finds enormous market opportunities for FeNIX across the globe.”
Ammonia is one of the most critical chemicals produced in the world with nearly $100 billion in annual global production, consuming nearly 5 percent of the world’s natural gas. Over 80 percent of ammonia output is used in agricultural fertilizer production, which indirectly supplies over 50 percent of all protein consumed by humans.
Kevin Maloney, President and CEO of QuantumSphere, stated, “We are very pleased to receive this award from Frost & Sullivan which recognizes the significant market potential of our FeNIX catalyst accelerator and its ability to deliver measurable improvements in operating efficiencies to chemical producers. Our commercial validation results to date indicate that FeNIX can increase ammonia production efficiencies by 10 to 15 percent, depending on plant size and configuration, and result in millions of additional profits for a typical medium-sized ammonia plant each year over the life of the catalyst.”
QSI is now collaborating on initial commercialization efforts with industry leader Casale, S.A. (“Casale”). QSI signed a Joint Development Agreement with Casale in May 2015 for product development, marketing, and global sales. Casale supplies the converter technology responsible for producing nearly 40 percent of the world’s ammonia and methanol production.
Learn more about Frost & Sullivan’s 2015 North American Nanocatalysts Technology Innovation Award.
About QuantumSphere, Inc.
QuantumSphere (QSI) produces a proprietary catalyst designed to improve process efficiencies and output in large scale chemical production facilities (such as Ammonia), creating lower costs and greater profits for chemical producers. QSI’s products leverage a patented process to produce a unique high surface area catalyst accelerator technology which improves existing catalyst performance. QSI’s technology is applicable to hundreds of chemical plants globally, which account for tens of billions of dollars in annual output. QSI common stock is listed for quotation on the OTCQB under the ticker symbol QSIM. For more information, please visit www.qsinano.com.
About Frost and Sullivan
Frost & Sullivan, the Growth Partnership Company, enables clients to accelerate growth and achieve best in class positions in growth, innovation and leadership. The company’s Growth Partnership Service provides the CEO and the CEO’s Growth Team with disciplined research and best practice models to drive the generation, evaluation and implementation of powerful growth strategies. Frost & Sullivan leverages over 50 years of experience in partnering with Global 1000 companies, emerging business and the investment community from offices on six continents. For more information, please visit www.frost.com
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Source: QuantumSphere, Inc. via GLOBE NEWSWIRE