Questor Engages Financial Advisor and Provides Progress Update on Strategy Refresh

CALGARY, Alberta, Aug. 17, 2026 (GLOBE NEWSWIRE) — Questor Technology Inc. (“Questor” or the “Company”) (TSX-V: QST) today provided an update regarding its strategy refresh and Phase III shareholder value creation plan. The Company also announced the engagement of Roth Canada, Inc, the CIRO licensed dealer in Canada of Roth Capital Partners LLC, (“Roth Capital”) as financial advisor to the special committee comprised of independent directors of the Board (the “Special Committee”). Questor continues to move forward with purpose and discipline to deliver results for all shareholders ahead of its Annual General Meeting (the “Meeting”) scheduled for September 9, 2026.

A welcome email is on its way. If you don't see it, please check your junk folder.

Questor has made significant progress on its strategy refresh in connection with the management team transition, advancing a shareholder value creation plan to generate returns from its existing fleet and infrastructure through a sequenced, capital-disciplined approach to North American and international markets. The Company’s independent review of Questor’s Organic Rankine Cycle (“ORC”) program is underway, with findings expected in Q3 2026.

Questor enters Phase III with a debt-free balance sheet, over $4 million in cash, four patents, more than 100 rental units already owned, and the only ISO 14034 third-party verified 99.99% combustion technology in the world. Based on the Company’s strategy refresh progress and current assumptions, the independent directors of the Board and management team see a path to $10 million in revenue by 2027 and $15 million by 2029, driven by three recurring revenue streams.

“The asset was never the problem,” said Mike Lindsay, Interim President and Chief Executive Officer. “Phase III is about converting what we already have into results. We are moving with discipline and focus to reactivate our core markets and put our fleet back to work.”

The full details of the Company’s strategy refresh and Phase III shareholder value creation plan are included in a new investor presentation, which is available at questortech.com/vote .

In connection with its strategy refresh, Questor has retained Roth Capital as financial advisor to the Special Committee. Roth Capital will provide financial advisory services to the Company and the Special Committee as it evaluates potential paths to value maximization for shareholders. More information regarding Roth Capital is available at roth.com .