Quest Solution, Inc. Expands I.P. Division with Acquisition of Rebar Inspection System for Bridges, Buildings and Tarmacs
HENDERSON, Nev., Sep 10, 2014 (GLOBE NEWSWIRE via COMTEX) --
Quest Solution, Inc, "The Company" QUES, -0.92% is pleased to announce under an irrevocable, perpetual and exclusive worldwide right and license, the acquisition of a Rebar Inspection technology for Bridges, Buildings and Tarmacs. The license, acquired from Rampart Detection Systems, will be held in the Company's recently formed Intellectual Property Division which has announced gun safety, mining technology, and aviation safety additions since its inception in early August.
"With just over 3,600 utility companies in the United States and many more globally, we see this market as untapped, wide open and relatively easy to penetrate quickly with this cost efficient, labor saving, time saving solution," stated Kurt Thomet, President, Quest Solution, Inc. "Each state has bridge safety responsibilities and high profile news stories have highlighted the need for attending to the deteriorating condition of our nations bridges. Mandates around earthquake preparedness also point to a ripe and rich market for Quest Solution's new service."
"Additionally, we are very pleased with the spectrum of technology in our portfolio now and the broad range of verticals which we can target," added Thomet. "I am excited to enter this new phase for Quest Solution, Inc. as the Company looks to expand its offerings beyond its historic revenue lines with the same innovation and commitment to excellence for which Quest Solution, Inc. is well-known."
Highlights of the Rebar Inspection system include:
The patented exclusive technology incorporates a novel form of electrodynamic imaging, along with proprietary signal processing algorithms that employ low-cost, rugged, small-sized sensors optimized for secure reliable service.
Existing solutions rely on Ground Penetrating Radar, which is smaller, slower and more expensive than the wider, faster, less expensive solution now offered by Quest Solution.
Applications include Structural Imaging, Utility Mapping, Road Bed Inspection, Environmental Inspection, Tunnel and Pool inspection and Forensics/Law Enforcement.
Potential customers include 3rd Party inspection Companies, State and Local Government, Utilities, Military and Police Forces.
The major players in this market include GE Inspection technologies (U.S.), Olympus Corporation (Japan), YXLON international (Germany), Mistras (U.S.), Zetec (U.S.) and Nikon metrology (U.S.).
The company is seeking strategic partners and end user pilot projects to prove the solution and to begin commercializing it.
About Rampart Detection Systems Rampart Detection Systems is a Canadian based research and development company with international patents on EMRAC, FEPS, and VariLuc. They have been delivering solutions for decades. http://www.RampartDetection.com
For a Quest Solution Investor Presentation please visit:
http://www.QuestSolution.com/investors.html
The Company also announced the release of a new corporate video for use with vendors and suppliers, which investors may find useful.
For more information http://www.QuestSolution.com
About Quest Solution, Inc.:
Quest Solution, Inc. is a leading provider in the technology, software, and mobile data collection systems business. The Company intends on continuing to acquire existing companies with revenues and positive cash flow.
Quest Solution, Inc. serves as a national mobility systems integrator with a focus on design, delivery, deployment and support of fully integrated mobile solutions. The Company takes a consultative approach by offering end to end solutions that include hardware, software, communications and full lifecycle management services. The highly tenured team of professionals simplifies the integration process and delivers proven problem solving solutions backed by numerous customer references.
Additionally to the recently announced creation of a wholly-owned division focused on commercializing Intellectual Property, Patents and Distribution of industry-specific technologies in an array of new verticals. The new division will focus on acquisition of existing intangibles which will provide immediate value to the company.
Quest Solution Investor Relations & Financial Media:
I.M.I.
888-216-3595
info(at)integrityir.com
This article was originally distributed on PRWeb. For the original version including any supplementary images or video, visit http://www.prweb.com/releases/2014/09/prweb12157971.htm
Read More: http://investorshangout.com/post/view?id=1973...z3CutL7SBo
HENDERSON, Nev., Sep 10, 2014 (GLOBE NEWSWIRE via COMTEX) --
Quest Solution, Inc, "The Company" QUES, -0.92% is pleased to announce under an irrevocable, perpetual and exclusive worldwide right and license, the acquisition of a Rebar Inspection technology for Bridges, Buildings and Tarmacs. The license, acquired from Rampart Detection Systems, will be held in the Company's recently formed Intellectual Property Division which has announced gun safety, mining technology, and aviation safety additions since its inception in early August.
"With just over 3,600 utility companies in the United States and many more globally, we see this market as untapped, wide open and relatively easy to penetrate quickly with this cost efficient, labor saving, time saving solution," stated Kurt Thomet, President, Quest Solution, Inc. "Each state has bridge safety responsibilities and high profile news stories have highlighted the need for attending to the deteriorating condition of our nations bridges. Mandates around earthquake preparedness also point to a ripe and rich market for Quest Solution's new service."
"Additionally, we are very pleased with the spectrum of technology in our portfolio now and the broad range of verticals which we can target," added Thomet. "I am excited to enter this new phase for Quest Solution, Inc. as the Company looks to expand its offerings beyond its historic revenue lines with the same innovation and commitment to excellence for which Quest Solution, Inc. is well-known."
Highlights of the Rebar Inspection system include:
The patented exclusive technology incorporates a novel form of electrodynamic imaging, along with proprietary signal processing algorithms that employ low-cost, rugged, small-sized sensors optimized for secure reliable service.
Existing solutions rely on Ground Penetrating Radar, which is smaller, slower and more expensive than the wider, faster, less expensive solution now offered by Quest Solution.
Applications include Structural Imaging, Utility Mapping, Road Bed Inspection, Environmental Inspection, Tunnel and Pool inspection and Forensics/Law Enforcement.
Potential customers include 3rd Party inspection Companies, State and Local Government, Utilities, Military and Police Forces.
The major players in this market include GE Inspection technologies (U.S.), Olympus Corporation (Japan), YXLON international (Germany), Mistras (U.S.), Zetec (U.S.) and Nikon metrology (U.S.).
The company is seeking strategic partners and end user pilot projects to prove the solution and to begin commercializing it.
About Rampart Detection Systems Rampart Detection Systems is a Canadian based research and development company with international patents on EMRAC, FEPS, and VariLuc. They have been delivering solutions for decades. http://www.RampartDetection.com
For a Quest Solution Investor Presentation please visit:
http://www.QuestSolution.com/investors.html
The Company also announced the release of a new corporate video for use with vendors and suppliers, which investors may find useful.
For more information http://www.QuestSolution.com
About Quest Solution, Inc.:
Quest Solution, Inc. is a leading provider in the technology, software, and mobile data collection systems business. The Company intends on continuing to acquire existing companies with revenues and positive cash flow.
Quest Solution, Inc. serves as a national mobility systems integrator with a focus on design, delivery, deployment and support of fully integrated mobile solutions. The Company takes a consultative approach by offering end to end solutions that include hardware, software, communications and full lifecycle management services. The highly tenured team of professionals simplifies the integration process and delivers proven problem solving solutions backed by numerous customer references.
Additionally to the recently announced creation of a wholly-owned division focused on commercializing Intellectual Property, Patents and Distribution of industry-specific technologies in an array of new verticals. The new division will focus on acquisition of existing intangibles which will provide immediate value to the company.
Quest Solution Investor Relations & Financial Media:
I.M.I.
888-216-3595
info(at)integrityir.com
This article was originally distributed on PRWeb. For the original version including any supplementary images or video, visit http://www.prweb.com/releases/2014/09/prweb12157971.htm
Read More: http://investorshangout.com/post/view?id=1973...z3CutL7SBo
