Quantum Energy Corporation dba flooidCX Corp [OTC

FLCX] Executes Licensing Agreement in the Philippines

(The “Company” or “FLCX”) [OTC:FLCX], which has recently voted to change its name to Quantum Energy Corporation, is a worldwide exclusive licensee and manufacturer of transformative Direct Energy Systems for the direct generation and distribution of electrical energy, owned by and for use of the consumer, today announces it has executed a Manufacturing and Distribution Agreement (“Agreement”) with ARC Energy, Inc. (“ARC Energy”), located at BCS Prime Building, Third Floor, 2297 Chino Roces Avenue, Makati City, NCR, Philippines. The Agreement was executed and made effective on March 28, 2024 with funding committed on April 30, 2024.

Two additional definitive licensing contracts covering the Company’s Direct Energy equipment and related products and manufacturing to be located in the Philippines and are anticipated to be part of the overall agreement and are expected to be forthcoming and signed under both United States and Philippine law.

ARC Energy’s CEO, Romel Canete of the Philippines, and its Chairman Jack Rodriguez, are Co-Developmental partners with Philippine National Oil Company (“PNOC”) represented by Oliver Butalid.

ARC Energy has contracted with PNOC to develop 500,000 affordable housing units and it anticipates starting construction on these units in Q2. This is a 5-year development plan that focuses on sustainability and energy use, including high efficiency distributed energy, appliances, and renewable energy.

Under the terms of the deal, the Company will receive a license fee of $3,000,000.00 and a $1,000.00 payment, under a cost-plus contract, for each residential housing unit powered by its Direct Energy System. In addition, under the Agreement the Company will receive 20% of the monthly recurring revenue from electrical energy provided by its Direct Energy System, installed by ARC Energy Inc.

Under the Agreement, the Company has also agreed to the development of manufacturing facilities in the Philippines for the Company’s equipment and products, including capacitor and battery storage systems. The first manufacturing facility is expected to open in September of this year and then to expand through 2025.

ARC Energy will offer the Company’s entire product line. Initial Direct Energy Systems will be supplied by the Company in the United States.

In the United States, the Company now has Licensed Distributors in Arizona, Michigan, Washington, and Oklahoma, with more to be announced.

Craig Kitchen, Chief Operating Officer, and Dustin Hamby, Executive Vice President, represented and closed the transaction for the Company.

“This is our largest long-term contract to date. This is our fifth agreement and first licensed Manufacturing and Distribution Agreement, outside North America. The Company has worked with Mr. Canete for over a year on this development and now formal licensing. ARC Energy is led by well-seasoned real estate executives, and business development professionals. The scale of the Philippine housing development is monumental and the focus on sustainability is inspiring. We are proud to have won this business,” stated Kitchen.