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· collected 2026-09-04 · by GlobeNewswire, Inc.
- Mexico: Non-binding letter of intent with JHJ Servicios to form a consortium to pursue a Pemex enterprise-wide multiple-use contract; Rogelio Garcia appointed Strategic Advisor in Mexico.
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Garcia → form → Mexico
- United States: Colorado DJ Basin assessment complete; proposed Emission Rx acquisition expected to give Questor an offering across every segment of the Colorado and North Dakota markets.
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acquisition → propose → markets
Questor Technology Inc. (“Questor” or the “Company”) (TSX-V: QST) today reported significant progress in the continued execution of its Phase III shareholder value creation plan, announced on August 17, 2026, as part of the Company’s strategy refresh in connection with the management team transition initiated in Q2 2026.
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Inc. → report → Q2
The Company’s rental fleet is ready for deployment, commercial activity is advancing across North America, Africa and the Middle East, and a strategic partnership in Mexico is opening the path to a Pemex enterprise-wide contract.
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partnership → advance → contract
Fleet Strategically Positioned for Deployment
Questor owns 109 clean combustion units – 94 in the United States, 9 in Canada and 6 in Mexico.
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Questor → own → Mexico
Following a unit-by-unit review, 50 Q5000 units are designated for rental service, and 11 are being prepared to standard international specifications to ensure international orders can be delivered on time and on budget.
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orders → follow → budget
The fleet sits where the customers are.
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customers → sit → ?
The fleet configuration enables Questor to fulfill rental contracts in Mexico, Canada and the United States without moving equipment across the Canada-United States border, while units designated for international sale are shipped from North Dakota and Alberta.
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units → enable → Dakota
The Company does not expect tariffs between Canada and the United States to materially impact its rental business.
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tariffs → expect → business
Commercial Activity Accelerating
Near-term opportunities include:
- In Nigeria, discussions are advancing for additional Q5000 units following the successful commissioning of a unit in Q2 2026, with regulatory certification anticipated soon.
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certification → accelerate → Q2
- In East Africa, Questor has submitted a firm proposal for a Q5000 unit; a letter of award is under discussion with an established international oilfield services client.
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letter → submit → client
- In Western Canada, a firm proposal has been submitted for the sale of a Q5000 unit to an industrial customer for late 2026 delivery.
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proposal → submit → delivery
Additionally, a short-term Q500 rental with an option to purchase has been signed in Alberta.
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rental → purchase → Alberta
Except for the signed rental in Alberta, these opportunities are not binding.
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opportunities → sign → Alberta
Longer-term, the Company is also actively pursuing:
- A proposal for a 90-foot Q5000 unit for the second phase of a Western Canadian midstream gas processing project, with a decision expected in Q4 2026;
- Proposals for three Q5000 units across two projects in Africa with an existing customer, with front-end engineering expected in the first quarter of 2027;
- Participation in pre-front-end engineering and design for a heat recovery project in Iraq; and
- A two-unit proposal in Kurdistan, subject to customer capital allocation and regional conditions.
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Company → pursue → allocation
Regulatory approval in Nigeria for the expanded use of Questor solutions is anticipated before year-end, which would position Questor for additional orders in the region in 2027 and beyond.
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which → expand → 2027
Mexico: Consortium with JHJ Servicios and Strategic Advisor Appointment
Six units are in Mexico, positioned for deployment pending service orders through third parties, which are being expedited.
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which → position → parties
While, to date, revenue generation in Mexico has been slower than anticipated, two developments – the consortium with JHJ Servicios and the appointment of Rogelio Garcia as Strategic Advisor – are advancing the Company toward contracted revenue in Mexico.
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developments → anticipate → Mexico
Questor and its in-country partner JHJ Servicios, have entered into a non-binding letter of intent to form an unincorporated consortium.
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Questor → enter → consortium
The consortium will pursue an enterprise-wide, multiple-use contract with Pemex to support its flare elimination program.
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consortium → pursue → program
This structure would enable site-specific service orders across Pemex’s exploration and production business units.
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structure → enable → units
The partnership combines Questor’s emissions-reduction technology and in-country equipment with JHJ Servicios’ in-country commercial access, regulatory familiarity, direct Pemex operational experience, vendor standing and stakeholder relationships.
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partnership → combine → access
The next step is a consortium agreement, which would qualify the partnership for contract awards across Pemex’s business units and provide a scalable, recurring-revenue model in one of the Western Hemisphere’s largest flaring markets, and a template for other Latin American markets.
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which → qualify → markets
Mexico’s announced plan to develop unconventional natural gas resources from 2027 would, if implemented, further expand the addressable market.
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plan → announce → market
Questor has appointed Rogelio Garcia as Strategic Advisor, Mexico.
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Questor → appoint → Advisor
Mr. Garcia will provide commercial guidance and in-country support as Questor advances the consortium negotiations, structures its Mexico operations, and navigates the financial and regulatory aspects of contracting with Pemex.
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Questor → provide → Pemex
Mr. Garcia previously served in a senior finance role at Alfa Corporativo, one of Mexico’s largest industrial conglomerates.
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Garcia → serve → conglomerates
“Questor’s high-efficiency incinerator technology is well-aligned with Pemex’s 2025-2035 strategic plan
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technology → align → plan
,” said Rogelio Garcia, Strategic Advisor, Mexico.
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Garcia → say → ?
I look forward to helping Questor build a sustainable, long-term business in Mexico.”
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Questor → look → Mexico
United States: Colorado, North Dakota and Emission Rx
Questor has completed a field assessment of the Colorado DJ Basin, centred on Weld County, where multi-well pads and continuous drilling and completion programs drive demand for high-capacity combustion equipment.
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pads → complete → equipment
Near-term pursuits include a defined multi-well pad in Q4 [of 2026] and a winter rental program.
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pursuits → include → 2026
Questor’s trailer-mounted units are deployed without a crane, cutting time on- and off-site compared to crane-dependent equipment.
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units → mount → equipment
The existing Q5000 units owned by operators in the basin present refurbishment and service opportunities.
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units → exist → opportunities
The basin has three segments: high-volume drilling and completions (primary Q-Series offering); plugging, abandonment and emissions-reduction work; and low-pressure tank vapour at permanent facilities.
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basin → have → facilities
The second and third segments favour low-cost, portable equipment on utilization-based models – segments served by Emission Rx Ltd. (“Emission Rx”).
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segments → favour → Ltd.
Subject to finalizing and closing of the proposed acquisition subject to the non-binding letter of intent announced on August 20, 2026 (targeted on or before October 1, 2026), Emission Rx’s installed base of more than 800 units, five product lines and field service capabilities would enable Questor to provide a comprehensive offering across all three segments in Colorado and in North Dakota, where the Company has its largest concentration of units.
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Company → finalize → units
As previously disclosed, the Emission Rx letter of intent terminates automatically if a majority of the current directors are not re-elected at the September 9, 2026 Annual General Meeting of the Company (the “Annual General Meeting”).
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majority → disclose → Company
“Fifty units are designated for rental and eleven are being prepared for international sale, so we deliver on time and on budget when orders arrive,” said Mike Lindsay, Interim President and Chief Executive Officer of Questor.
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Lindsay → designate → Questor
In Mexico, the proposed consortium with JHJ Servicios puts units we already own on the path to a Pemex enterprise-wide contract.
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we → propose → contract
…and 19 more, not listed.
