If you are currently on the lookout for innovative companies, then it could be a good time to take a closer look into Quantum Energy Inc. (OTC:QREE). The company is a global leader in the licensing of flywheel energy storage systems, energy conditioning systems, and the and the manufacturing and supply of rare earth materials. On June 7, the company entered the news cycle after it announced the retirement of Quantum Energy Chairman and Director William Hinz.
However, it was also revealed that Hinz would remain the Chairman Emeritus of the company. Hinz stated that he had been part of the journey that saw the development and transformation of Quantum Energy into a world-class energy-related equipment manufacturer. It was also part of an overarching effort to decentralize energy production. He went on to state that the company was in a position from which it could grow at a fair clip in the fully distributed market globally and also in the United States.
The Chief Executive Officer of Quantum Energy, Harry Ewert, spoke about the company’s current goals and aims as well. He noted that the company had started to focus on the flywheel and energy conditioning product manufacturing segments of the business. At a time when it was starting out on the journey, it was necessary to thank Hinz for the dedicated service he provided to the company and guide it to the brink of commercialization. The CEO went on to state that management would continue to work on the name change and branding activities that would be inclusive of a number of trademarks up until the end of June 2024. In the news release, it was also announced that in order to elect a new board of directors, the company would also announce an annual meeting that would take place on August 1, 2024, at the latest.
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