Questor Technology Signs Letter of Intent to Acquire Emission Rx in Strategic Move to Lead North American Emissions Combustion Technology

CALGARY, Alberta, Aug. 20, 2026 (GLOBE NEWSWIRE) — Questor Technology Inc. (“Questor” or the “Company”) (TSXV: QST) announces that it has entered into an LOI to acquire Emission Rx Ltd. (“Emission Rx”), a privately held Calgary-based waste gas combustion service company (the “Transaction”). Through a concurrent commercial arrangement with AeroTech Group of Companies, the Transaction would also provide Questor with access to established fabrication capabilities.

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The Transaction would unite two leading Alberta-built companies in the waste gas combustion market, combining Questor’s company-owned rental fleet of more than 100 high-efficiency incinerators with Emission Rx’s field service support. The Transaction is expected to generate cross-selling opportunities via Emission Rx’s installed base of over 800 units across 5 different waste gas combustion product lines, strong customer relationships, and access to fabrication capabilities through Emission Rx’s relationship with AeroTech Group of Companies.

Jeff Nelson and Justin Bouchard, the senior leaders of Emission Rx, would join Questor in senior operating roles. Both are engineers who helped build Questor’s strong foundation and have deep knowledge of the technology and markets. Bringing back Mr. Nelson and Mr. Bouchard enhances Questor’s engineering, product and field capabilities, ultimately strengthening the business.

Concurrent with the LOI, Questor also announces that the closing of the Transaction would fully and finally resolve outstanding litigation between the two businesses – initially commenced by Questor in 2018 – through mutual releases. Funds previously allocated to the litigation will be redeployed to support the combined business.

“Two Alberta companies built this market, and this transaction would bring the equipment, service capability and talent under one roof to deliver an enhanced service offering for our customers, and sustainable value creation for shareholders,” said Mike Lindsay, Interim President and Chief Executive Officer of Questor. “Resolving the longstanding litigation at closing allows us to redirect those resources where they belong – into growing the business.”

“Emission Rx and Questor Technology product offerings complement each other very well, and would help in accessing a larger share of the complete waste gas mitigation market,” said Justin Bouchard, Design and Operations at Emission Rx. “We truly believe that the business potential with the combination of Emission Rx and Questor is much greater than the sum of its parts.”