QuestAir Technologies Inc. reported its unaudited financial and operational results for the second quarter of fiscal 2008, ended 31st March 2008, pointing to a number of encouraging highlights to have emerged from the period.
Revenue was $2.298m for the quarter, increasing by $1.425m or 163% from same period in fiscal 2007. Revenue for the half year was $3.866m, increasing by an equally healthy $1.350m or 54% from $2.516m for the same period last year.
QuestAir ended the second quarter with its highest sales order backlog since its inception, with a sales order backlog of $16.022m increased by $5.881m or 58% from $10.140m as of 31st December 2007.
Among the many highlights to emerge from the quarter, testing of the prototype H-6200 hydrogen purifier at an ExxonMobil refinery in France was successfully completed. The company believes that QuestAir and ExxonMobil Research &
Engineering (EMRE) has reached the stage that they can take the H-6200 hydrogen purifier to the refinery market.
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