13:46:45 EDT Wed 26 Aug 2026
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Questor Technology Inc
Symbol QST
Shares Issued 27,773,123
Close 2026-08-25 C$ 0.398
Market Cap C$ 11,053,703
Recent Sedar+ Documents

Questor says ISS backs all five director nominees

2026-08-26 11:35 ET - News Release

Ms. Aly Sumar reports

LEADING INDEPENDENT PROXY ADVISORY FIRM ISS ADVISES ITS SUBSCRIBERS TO VOTE FOR ALL FIVE QUESTOR DIRECTOR NOMINEES ON THE GOLD PROXY; QUESTOR INVESTOR ADVISES THE SAME

Leading independent proxy advisory firm Institutional Shareholder Services Inc. (ISS) has recommended that shareholders vote for all five of the Questor Technology Inc.'s director nominees ahead of the upcoming annual general meeting of shareholders scheduled to be held on Sept. 9, 2026. ISS is a leading independent proxy adviser that provides voting recommendations to its subscribers.

  • Positive momentum building behind company director nominees, Questor thanks shareholders who have already voted;
  • Shareholders who have questions or require voting assistance should contact Questor's proxy solicitation agent, Carson Proxy Advisors -- North American toll-free phone: 1-800-530-5189; local and text: 416-751-2066; e-mail: info@carsonproxy.com;
  • For more information and voting instructions, visit the Questor website and SEDAR+.

The company also announces that the co-owners of A.S. Fin, a family office that owns or controls 421,550 common shares of Questor, has provided a strong letter of support regarding Questor's nominees, stating:

"We write to state formally, and without reservation, our support for the board of directors and for the election of Paul Huizinga, Mike Krayacich, Jason Smith, Bastien Commet and Saj Shapiro as independent directors at the annual general meeting of shareholders to be held on Sept. 9, 2026. We will vote all of our shares for the election of the board's nominees and for the other management resolutions, using the gold proxy.

"In pledging its support, A.S. Fin focuses on value, governance and alignment stating:

  • "Value. Our own analysis of the company led us to a simple conclusion: the reproduction value of what Questor owns -- its rental fleet, its patents and the only ISO 14034 third party verified 99.99-per-cent combustion technology in its market -- exceeds what its recent earnings reflect. A balance sheet without debt and with cash on hand gives the company the time to close that gap. In our experience, a gap of this kind closes through execution, not through a change of control.
  • "Governance. Since April, 2026, the independent directors have done what shareholders are entitled to expect of them. They took a difficult decision on leadership, formed a special committee composed exclusively of independent directors, appointed interim leadership, opened the search for a permanent chief executive officer and retained an independent financial adviser to the special committee. A board that acts this way is exercising its own judgment on behalf of all shareholders.
  • "Alignment. As disclosed by the company, the former chief executive officer, who leads the dissident slate, is pursuing legal proceedings against the company, its independent directors and its chief financial officer while seeking election to the board. In our judgment, a director who is at the same time a claimant against the company cannot exercise the undivided loyalty the role requires. Two successive boards of independent directors have reached the same conclusion regarding her leadership. We see no basis on which shareholders should reverse it."

The full letter can be viewed at the Questor website.

A clear choice for shareholders

Questor is at a critical inflection point, and the choice at the meeting is clear. Shareholders can support a board executing a disciplined plan for growth already in motion, or risk a return to the instability and value destruction of the past. Former chief executive officer Audrey Mascarenhas has put forward a slate of hand-picked director nominees, along with herself. Her third return to the company, after being removed twice by two separate boards in the past three years, presents continuing litigation risk, unresolved governance concerns and an irreconcilable conflict of interest.

A letter to shareholders from the independent directors, an investor presentation and the company's management information circular are available on Questor's website and under the company's profile on SEDAR+.

How to vote

To ensure that proxy votes are counted at the meeting, shareholders are urged to vote well in advance of the proxy voting deadline of Friday, Sept. 4, 2026, at 1 p.m. MT. Vote using only the gold proxy for the company's five director nominees and for all other resolutions set out in the proxy materials.

If you have questions or require assistance voting, please contact Questor's proxy solicitation agent:

Carson Proxy Advisors

North American toll-free:  1-800-530-5189

Local and text:   416-751-2066

E-mail:  info@carsonproxy.com

About Questor Technology Inc.

Questor Technology, incorporated in Canada under the Business Corporations Act (Alberta), is an environmental emissions reduction technology company founded in 1994, with global operations. The company is focused on clean air technologies that safely and cost-effectively improve air quality and support energy efficiency and greenhouse gas emission reductions. The company designs, manufactures and services high-efficiency clean combustion systems that destroy harmful pollutants, including methane, hydrogen sulphide gas, volatile organic hydrocarbons, hazardous air pollutants and BTEX (benzene, toluene, ethylbenzene and xylene) gases within waste gas streams at 99.99-per-cent efficiency per its ISO 14034 certification.

The company also has proprietary heat to power generation technology and is currently targeting new markets including landfill biogas, syngas, waste engine exhaust, geothermal and solar, cement plant waste heat in addition to a wide variety of oil and gas projects. The combination of Questor's clean combustion and power generation technologies can help clients achieve net-zero emission targets for minimal cost.

The company's common shares are traded on the TSX Venture Exchange under the symbol QST.

We seek Safe Harbor.

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