OSLO: Questor Technology Inc. (“Questor”, the “Company” or “we”) (TSX VENTURE:QST), a leading provider of high efficiency waste gas combustion systems, power generation systems utilizing waste heat and water treatment solutions, today announced its operating and financial results for the three months ended September 30, 2016 (the “Quarter”) and the nine months ended September 30, 2016.
The weak commodity price environment continues to persist through 2016. “Despite the challenging operating environment, Questor generated positive operating cash flow for the quarter and we continue to maintain our balance sheet comprising strong cash balances and no debt,” said Audrey Mascarenhas, President and CEO of Questor. “Looking forward, we are positive about the markets we serve and are confident that our customer relationships and business model position us to manage through this cycle. We remain focused on diversifying the Questor platform, and we will continue to execute on market opportunities to support this strategy. In response to regulations and demand for our equipment in Colorado, we have deployed additional mobile rental units to the State and strengthened our operations to meet demand for regulated closed loop completions or green completions.”
