LANCASTER, OH--(Marketwired - Jan 14, 2016) - Q2Power Technologies, Inc. (OTCQB: QPWR) announced today that it has entered into a Collaboration Agreement with Phoenix Power Group ("Phoenix"), which provides cross licensing rights between the two parties for Q2Power's proprietary waste-to-power engine and controls, and Phoenix's proprietary waste liquid fuel combustion system. The agreement streamlines the process of manufacturing and launching into the market these valuable renewable power systems over the following two quarters.

Phoenix is a developer of combined heat and power systems ("CHP Systems") that run on used motor oil and other waste fuels. Currently over 60,000 oil change shops and similar locations throughout North America heat their facilities utilizing furnaces that comprise the core of Phoenix's CHP System. Phoenix has developed the technology to utilize this furnace equipment to provide thermal energy for Q2Power's engines, thereby providing added electric power and peak demand shaving for potentially tens of thousands of locations regardless of seasonality or geography.

"This is an important agreement for both parties, as it provides a strong working foundation to commercialize our waste-to-power products with added CHP benefits -- a key to increasing energy efficiencies of U.S. businesses and reducing carbon footprints," stated Christopher Nelson, Q2Power's CEO. "Both parties will now be able fast track plans for market penetration at both traditional oil change locations and other niche markets where the disposal of waste fuels presents a financial burden and 'cradle-to-grave' liability for the business owner. This is potentially an enormous market opportunity."

Under the new agreement, Phoenix will purchase Q2Power's engines and controls for its waste fuel CHP Systems and Q2Power will purchase Phoenix's combustion technology, allowing it to open new waste fuel markets on a worldwide basis. The parties also agreed to general pricing structures and targeted delivery milestones.

Q2Power's technology provides a new, cost-effective solution to dispose of waste by converting it to electricity and useful heat. Because of its containerized, modular design, the system can be deployed with minimal time and expense at thousands of small-scale facilities that must dispose of waste such as used fuels, methane and biogas, at increasingly greater costs. Q2Power installed its first system this summer at an Ohio wastewater treatment plant and is on track to deploy commercial units to meet customer demand early in 2016.

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Legal Notice Regarding Forward-Looking Statements: This news release contains "Forward-looking Statements". These statements relate to future events or our future financial performance. These statements are only predictions and may differ materially from actual future results or events. We disclaim any intention or obligation to revise any forward-looking statements whether as a result of new information, future developments or otherwise. There are important risk factors that could cause actual results to differ from those contained in forward-looking statements, including, but not limited to our ability to fully commercialize our technology, risks associated with changes in general economic and business conditions, actions of our competitors, the extent to which we are able to develop new products and markets, the time and expense involved in such development activities, the ability to secure additional financing, the level of demand and market acceptance of our products, and changes in our business strategies.

Contact Information:

Investor Contact:
Arthur Douglas and Associates
Art Batson

Q2Power Contact:
Christopher Nelson