Questor Announces Senior Leadership Team Appointment and Independent Review of ORC Program as Part of Strategy Refresh

Questor’s update is all management changes and plans, with no financial data disclosed.

Risk flags

• ●Operational risk is elevated due to recent executive turnover, including the departure of the President and CEO and the appointment of an interim CEO, which can disrupt continuity and strategic execution.
• ●Disclosure risk is high because the announcement lacks any financial results, revenue figures, or operational metrics, making it impossible to assess current performance or trajectory.
• ●Execution risk is material for the ORC program, as the company has not committed to commercialisation, and all forward-looking statements are contingent on a pending review with no disclosed findings or timeline.

Bottom line

This announcement is a management and strategy update with no new financial or commercial information. The company is in a transitional phase, with key leadership changes and a Special Committee overseeing a strategic review, but there is no evidence of revenue growth, customer wins, or financial improvement. All claims about market expansion, shareholder value, and commercial opportunity are aspirational and unsupported by data. The ORC program remains under review, with no commitment to proceed or timeline for a decision. For investors, this update is not actionable until the company discloses concrete financial results, commercial agreements, or the outcome of the ORC review. The single most important takeaway is that Questor remains in a holding pattern, and no investment thesis can be built from the information provided.

Announcement summary

(TSX-V:QST) Questor Technology Inc. announced the appointment of Craig Joyce as Senior Director, Sales and Business Development. This follows the April 20, 2026, announcement regarding the departure of President and CEO Audrey Mascarenhas and the appointment of Mike Lindsay as interim President and CEO, as well as the July 16, 2026, announcement of the formation of a Special Committee of independent directors. Questor has engaged an independent third-party consultant to complete a detailed “cold eyes” review of its integrated Organic Rankine Cycle (“ORC”) Power Generation Solution, assessing technical readiness, remaining development requirements, capital needs, market opportunity and potential returns. The company’s clean combustion systems destroy harmful pollutants at greater than 99.99 percent efficiency per its ISO 14034 Certification. Questor’s common shares are traded on the TSX Venture Exchange under the symbol “QST”. The company is currently targeting new markets including landfill biogas, syngas, waste engine exhaust, geothermal and solar, and cement plant waste heat. The company projects that the findings of the ORC review will inform the Board’s determination, on the recommendation of the Special Committee, of whether, and on what basis, to advance the ORC program toward commercialization.

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