CORRECTING and REPLACING Quantum Vitality Company Pronounces Completion of Second Licensed Distributor Settlement with Viridis Vitality Companions

PHOENIX — The ticker within the launch dated March 12, 2024 ought to learn: (OTC: FLCX).

The up to date launch reads:

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QUANTUM ENERGY CORPORATION ANNOUNCES COMPLETION OF SECOND LICENSED DISTRIBUTOR AGREEMENT WITH VIRIDIS ENERGY PARTNERS

Quantum Vitality Company (OTC: FLCX), (“Quantum” or “the Firm”), a worldwide unique licensee and producer of the transformative Quantum Direct Vitality System for the industrial, authorities and client power markets, right now introduced it finalized a second Licensed Distributor Settlement (“Settlement”) with Viridis Vitality Companions, Inc. (“Viridis”). The Settlement was executed on March 8, 2024.

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Harry Ewert, Quantum Division President, represented and closed the transaction for the Firm.

Viridis has now executed and paid for a non-exclusive Quantum Licensed Distributorship for Maricopa County, Arizona, which incorporates the Phoenix metropolitan space. Viridis is the primary Quantum Licensed Distributor in Arizona. Viridis can be a Quantum Licensed Distributor for Southeastern Michigan, together with the Detroit metro space.

Viridis is headed by veteran energy and electrical govt Keith Masserant, and seasoned Michigan finance and enterprise chief Paul Swinkey. Mr. Masserant operates Mid-American Group of Newport, Michigan, a world-leader nuclear power contractor and electrical service firm using greater than 500 folks. The Viridis Arizona Distributorship will initially make use of a employees of about 25.

Income from the Settlement is within the type of a License Payment to Quantum of $500,000 with an extra $1,500,000 in stocking stock of Quantum Direct Vitality System merchandise.

Viridis will announce its workplace and facility location in April of this yr. Quantum at the moment operates two services in Arizona.

Viridis will provide the whole Quantum product line, which now exceeds 400 services.

As beforehand introduced, Viridis will even be concerned in industrial testing of the brand new Quantum photo voltaic (photovoltaic) product line, the primary ultra-lightweight (about 15% of the burden of a monocrystalline) photo voltaic panel that doesn’t require the usage of glass. The Quantum licensed know-how is synthetic intelligence managed, deploys and cleans by means of automation every day, and requires no structural modification or bodily penetration of roofs or exterior buildings for set up. The whole lot of the photo voltaic system, which is a part of a Quantum Direct Vitality System, is totally rebuildable and recyclable. The Firm has large-scale field-testing applications set for California, Arizona, Washington, Michigan and Ohio.

All merchandise manufactured by Quantum and provided on the market will probably be licensed by Underwriters Laboratory and the Canadian Requirements Affiliation to be used.

“Viridis intends to develop with Quantum, and we’re extraordinarily happy to now personal a Quantum Distributorship in Arizona, with extra growth deliberate,” mentioned Paul Swinkey, Viridis’ president.

Chief Working Officer Craig Kitchen acknowledged, “That is our second contract with Viridis. Quantum was in want of a licensed distributor in Arizona, simply on forward-looking set up contracts and the present set up backlog in Arizona. Viridis will present Quantum with much-needed set up, product and repair help in considered one of our house states.”

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Division President Harry Ewert acknowledged, “Quantum’s revenues proceed to climb on distributor agreements, and the Firm’s 240-month recurring income mannequin may be very well-liked with our prospects. Clients paying zero upfront prices and gear prices which might be lower than their present utility-derived energy is driving curiosity in our Direct Vitality Techniques within the U.S. and Canada.”

About Quantum Vitality Company

Quantum is the worldwide unique licensee and producer of the Quantum Direct Vitality System, a transformative photonic, magnetic propulsion engine, capacitor and battery power system for instantly producing and distributing electrical power for industrial, institutional, industrial, governmental, distant and residential installations. Quantum’s distinctive and patent-pending applied sciences mix the perfect makes use of of photonic, magnetic and uncommon earth processing and manufacturing, turning the longer term from solar energy to the brand new frontier of Photon Energy.

Ahead-Wanting Statements

Sure statements contained on this press launch are forward-looking statements and are based mostly on future expectations, plans, and prospects for our enterprise and operations and contain quite a lot of dangers and uncertainties. Vital components might trigger occasions or our outcomes of operations to differ considerably from our forward-looking statements. The forward-looking statements on this launch are made as of the date hereof and we disclaim any obligation to complement, replace or revise such statements on a going ahead foundation.