Latest news with #AOT
New Straits Times
a day ago
- Business
- New Straits Times
Thai duty-free giant King Power gets airport payment relief
BANGKOK: Thailand's airport authority said Friday it had approved extended payment terms for duty-free giant King Power, after the company sought to quit its concessions citing a drop in tourist numbers. Airports of Thailand said King Power, which operates at five airports in the country, applied for a relief scheme for firms "facing liquidity problems" on 23 June. AOT told the Stock Exchange of Thailand (SET) its board had granted permission for the firm to split the minimum payments required for its contracts into installments, with the payment window extended by eight months. King Power must provide collateral of 1.45 billion baht (US$44.5 million) "to ensure its financial obligations in case of unexpected events", said a public statement to the SET. AOT shares fell 2.4 percent in Bangkok following the announcement. King Power, shirt sponsors for English football club Leicester City, has a monopoly on duty-free outlets at Bangkok's Suvarnabhumi and Don Mueang airports, as well as those in Phuket, Chiang Mai and Hat Yai. The King Power Group also operates retail outlets and hospitality services around Thailand. Founder Vichai Srivaddhanaprabha led a consortium that bought Leicester City in 2010, and it was under his ownership that the Foxes secured their Premier League title in 2016.
CNA
a day ago
- Business
- CNA
Thai duty-free giant King Power gets airport payment relief
BANGKOK: Thailand's airport authority said on Friday (Jun 27) it had approved extended payment terms for duty-free giant King Power, after the company sought to quit its concessions citing a drop in tourist numbers. Airports of Thailand said King Power, which operates at five airports in the country, applied for a relief scheme for firms "facing liquidity problems" on 23 Jun. AOT told the Stock Exchange of Thailand (SET) its board had granted permission for the firm to split the minimum payments required for its contracts into installments, with the payment window extended by eight months. King Power must provide collateral of 1.45 billion baht (US$44.5 million) "to ensure its financial obligations in case of unexpected events", said a public statement to the SET. AOT shares fell 2.4 per cent in Bangkok following the announcement. King Power, shirt sponsors for English football club Leicester City, has a monopoly on duty-free outlets at Bangkok's Suvarnabhumi and Don Mueang airports, as well as those in Phuket, Chiang Mai and Hat Yai. The King Power Group also operates retail outlets and hospitality services around Thailand. Founder Vichai Srivaddhanaprabha led a consortium that bought Leicester City in 2010, and it was under his ownership that the Foxes secured their Premier League title in 2016.
Time of India
6 days ago
- Time of India
Air India's Birmingham-Delhi diverted to Riyadh after receiving bomb threat
Air India Flight AI114 from Birmingham to Delhi that took off on Saturday was diverted to Riyadh after it received a bomb threat. The aircraft landed safely and completed a security check, an Air India spokesperson said. As per the Flightradar24 flight tracking website, the aircraft took off from Birmingham at 20:26 and was flying to Delhi when the diversion occurred. The spokesperson added that all passengers were deplaned and were provided hotel accommodation. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Seniors Born 1941-1979 Receive 12+ Benefits This Month if They Ask USWalletSaver Learn More Undo "The inconvenience caused to our passengers due to this unforeseen disruption is sincerely regretted. Alternative arrangements are being made to fly the passengers to their destinations,' the Air India spokesperson said. In a similar incident on June 13, an Air India flight from Phuket, Thailand to New Delhi made an emergency landing following a bomb threat received onboard, airport authorities confirmed. Live Events Flight AI 379, carrying 156 passengers, took off from Phuket International Airport at 9:30 AM local time (0230 GMT). However, after making a loop around the Andaman Sea, the aircraft returned to the Thai island in accordance with emergency procedures. 'All 156 passengers on flight AI 379 had been escorted from the plane, in line with emergency plans,' an Airports of Thailand (AOT) official said. The flight tracking platform Flightradar24 showed the plane turning back mid-flight before landing safely. AOT did not disclose specific details of the bomb threat. Air India has not issued a statement on the matter.
Miami Herald
20-06-2025
- Business
- Miami Herald
QS Energy Receives Initial Order for Multi-Year AOT Technology Deployment
Multi-Billion-Dollar Program With Up To 400 Units Ordered to Modernize Crude Transport Infrastructure TOMBALL, TX / ACCESS Newswire / June 20, 2025 / QS Energy, Inc. (OTCQB:QSEP), a leader in crude oil transport technology, has received a major order to deploy its Applied Oil Technology (AOT) across Southeast Asia and Africa. This marks a breakthrough moment for QS Energy and supports global efforts to modernize and decarbonize crude infrastructure. DELIVERING ON A PROMISE OF INNOVATION AND SUCCESS This initial order of five (5) AOT units launches a broader multi-phase deployment under a government-backed program with VIPS Petroleum. Valued at $25 million with the estimated expected full payment in this quarter, this order kicks off up to a $2 Billion 400-unit framework for South East Asia and Africa. The remaining 395 units will be delivered in milestone-based phases with a 50/25/25 payment structure, ensuring strong cash flow for QS Energy, commencing in Q3 and Q4 2025. AOT's proven results helped open doors with energy ministries and national oil companies. This deal is made possible by VIPS Petroleum, QS Energy's exclusive regional distributor contracted in 2024. Cecil Bond Kyte, CEO of QS Energy, stated: "This order proves our technology's readiness to transform crude transport. With VIPS and the support of ministries and operators, we're setting a new global standard for efficiency and sustainability." THE TECHNOLOGY TRANSFORMING CRUDE TRANSPORT Independently validated through peer-reviewed studies, field trials, and Temple University testing, AOT tackles one of the industry's oldest problems-how to move oil more efficiently. Since the days of Rockefeller's Standard Oil, the sector has battled viscosity, drag, and energy loss. AOT reduces viscosity by 10% or more using electric fields, lowering pump pressure and energy costs. Built for tough, continuous operation, each unit undergoes strict testing to ensure long-term performance. MADE IN AMERICA, BUILT FOR THE WORLD QS Energy proudly designs and manufactures AOT systems in the U.S., powered by American workers. Our partners include: Industrial Screen and Maintenance, a manufacturer with 56+ years of experiencePrecision Urethane, a family business - urethane leader for 55+ yearsReadyFlo, a turnkey ASME pressure vessel specialistForward-MFG, experts in custom electronics and sensors Their dedication helped make this historic deal possible. EXPANDING GLOBAL PARTNERSHIPS AND FINANCING This agreement positions Southeast Asia and Africa as leaders in modern crude transport and job creation. The success of this model is driving expansion talks with Australia, the Middle East, and other regions. QS Energy and VIPS Petroleum are finalizing additional deals to replicate this structure and broaden AOT deployment globally. SECURE IMPLEMENTATION AND COMPLIANCE QS Energy is committed to full transparency through regular updates and strict compliance with U.S., Southeast Asian, and African standards. The program is backed by milestone payments and top-tier financial guarantees, minimizing risk. Lessons from past deployments guide a robust execution plan to ensure every phase meets deadlines and quality benchmarks. OTHER CONSIDERATIONS QS Energy will earn a share of incremental barrels gained through AOT-enabled flow increases, creating long-term performance-based revenue. LOOKING AHEAD With deployment underway, QS Energy is focused on accelerating its role in the energy transition. AOT's cost savings and environmental benefits position it for major global impact. For further information about QS Energy, Inc., click here and read our SEC filings at To stay connected, subscribe to Email Alerts at to receive Company filings and press releases, and subscribe to our new QS UPDATES email service here to receive timely updates on the Company's latest news and innovations. Safe Harbor Statement Some of the statements in this release may constitute forward-looking statements under federal securities laws. Please click here for our complete cautionary forward-looking statement. About Applied Oil Technology QS Energy's patented Applied Oil Technology (AOT) is a solid-state turn-key system which uses a high volt / low amp electric field to reduce crude oil viscosity. AOT installs inline on crude oil pipelines, operates unattended without interrupting pipeline flow, with full remote monitoring and control. More information is available online here. About QS Energy QS Energy, Inc. (OTCQB: QSEP), develops and markets crude oil flow assurance technologies designed to deliver measurable performance improvements to pipeline operations in the midstream and upstream crude oil markets. For further information about QS Energy, Inc., visit Company Contact QS Energy, +1 844-645-7737E-mail: investor@ sales@ SOURCE: QS Energy, Inc.
Indianapolis Star
20-06-2025
- Business
- Indianapolis Star
QS Energy Receives Initial Order for Multi-Year AOT Technology Deployment
Multi-Billion-Dollar Program With Up To 400 Units Ordered to Modernize Crude Transport Infrastructure TOMBALL, TX / ACCESS Newswire QS Energy, Inc. (OTCQB:QSEP), a leader in crude oil transport technology, has received a major order to deploy its Applied Oil Technology (AOT) across Southeast Asia and Africa. This marks a breakthrough moment for QS Energy and supports global efforts to modernize and decarbonize crude infrastructure. This initial order of five (5) AOT units launches a broader multi-phase deployment under a government-backed program with VIPS Petroleum. Valued at $25 million with the estimated expected full payment in this quarter, this order kicks off up to a $2 Billion 400-unit framework for South East Asia and Africa. The remaining 395 units will be delivered in milestone-based phases with a 50/25/25 payment structure, ensuring strong cash flow for QS Energy, commencing in Q3 and Q4 2025. AOT's proven results helped open doors with energy ministries and national oil companies. This deal is made possible by VIPS Petroleum, QS Energy's exclusive regional distributor contracted in 2024. Cecil Bond Kyte, CEO of QS Energy, stated: 'This order proves our technology's readiness to transform crude transport. With VIPS and the support of ministries and operators, we're setting a new global standard for efficiency and sustainability.' THE TECHNOLOGY TRANSFORMING CRUDE TRANSPORT Independently validated through peer-reviewed studies, field trials, and Temple University testing, AOT tackles one of the industry's oldest problems-how to move oil more efficiently. Since the days of Rockefeller's Standard Oil, the sector has battled viscosity, drag, and energy loss. AOT reduces viscosity by 10% or more using electric fields, lowering pump pressure and energy costs. Built for tough, continuous operation, each unit undergoes strict testing to ensure long-term performance. MADE IN AMERICA, BUILT FOR THE WORLD QS Energy proudly designs and manufactures AOT systems in the U.S., powered by American workers. Our partners include: Industrial Screen and Maintenance, a manufacturer with 56+ years of experience Precision Urethane, a family business – urethane leader for 55+ years ReadyFlo, a turnkey ASME pressure vessel specialist Forward-MFG, experts in custom electronics and sensors Their dedication helped make this historic deal possible. This agreement positions Southeast Asia and Africa as leaders in modern crude transport and job creation. The success of this model is driving expansion talks with Australia, the Middle East, and other regions. QS Energy and VIPS Petroleum are finalizing additional deals to replicate this structure and broaden AOT deployment globally. QS Energy is committed to full transparency through regular updates and strict compliance with U.S., Southeast Asian, and African standards. The program is backed by milestone payments and top-tier financial guarantees, minimizing risk. Lessons from past deployments guide a robust execution plan to ensure every phase meets deadlines and quality benchmarks. OTHER CONSIDERATIONS QS Energy will earn a share of incremental barrels gained through AOT-enabled flow increases, creating long-term performance-based revenue. LOOKING AHEAD With deployment underway, QS Energy is focused on accelerating its role in the energy transition. AOT's cost savings and environmental benefits position it for major global impact. For further information about QS Energy, Inc., click here and read our SEC filings at To stay connected, subscribe to Email Alerts at to receive Company filings and press releases, and subscribe to our new QS UPDATES email service here to receive timely updates on the Company's latest news and innovations. Safe Harbor Statement Some of the statements in this release may constitute forward-looking statements under federal securities laws. Please click here for our complete cautionary forward-looking statement. About Applied Oil Technology QS Energy's patented Applied Oil Technology (AOT) is a solid-state turn-key system which uses a high volt / low amp electric field to reduce crude oil viscosity. AOT installs inline on crude oil pipelines, operates unattended without interrupting pipeline flow, with full remote monitoring and control. More information is available online here. About QS Energy QS Energy, Inc. (OTCQB: QSEP), develops and markets crude oil flow assurance technologies designed to deliver measurable performance improvements to pipeline operations in the midstream and upstream crude oil markets. For further information about QS Energy, Inc., visit Company Contact QS Energy, Inc. Tel: +1 844-645-7737 E-mail: investor@ Sales: sales@ SOURCE: QS Energy, Inc.
