Quality Industrial Corp. (QIND) is a Dubai-based company specializing in LPG solutions, including design, supply, and maintenance of LPG systems, with a focus on expanding regional growth and market share.

# Company Overview Summary

## Business Focus
- **Name:** Quality Industrial Corp. (QIND)
- **Industry:** Industrial, Energy, Oil & Gas, Utility sectors
- **Main Subsidiary:** Al Shola Al Modea Gas Distribution LLC (ASG)  
  - Provides comprehensive LPG solutions  
  - ISO 9001-certified based in Dubai, UAE

## Core Services and Operations
- **LPG Systems Design & Maintenance:**  
  - Design, supply, construction, operation, and maintenance of LPG central gas systems (certified by Dubai Civil Defense)  
  - Consultancy and project management for LPG projects  
  - Repair and preventive maintenance  
  - Billing and monitoring systems

- **LPG Supply & Distribution:**  
  - Cylinders: Operates one of Dubai's most extensive LPG cylinder distribution networks  
    - Fleet of 56 delivery trucks  
    - Distributes over 20,000 LPG cylinders monthly  
  - Bulk LPG: Approved supplier sourcing from Emirates General Petroleum Corporation (EMARAT)  
    - Distributes over 500,000 liters of bulk LPG monthly  
    - Fleet includes trucks of 18,000-L and 25,000-L capacities

- **LPG System Projects:**  
  - Design, supply, install underground/aboveground LPG tanks with pipeline and instrumentation components  
  - Install and commission LPG, propane, and synthetic natural gas (SNG) compatible systems  
  - Pressure-reducing and distribution stations  
  - Gas leak detection, LPG metering, vaporizer, deluge, sprinkler, and safety systems

## Customer Base
- Commercial buildings
- Mixed-use apartment complexes
- Shopping centers and food courts
- Heavy industries
- Labor accommodations
- Catering units and commercial kitchens

## Employees
- **Total Employees:** Approximately 120 in Al Shola Gas LLC
- **Management & Operational Staff:** Not unionized, deemed to have good relationships

## Revenue & Income (Year Ended Dec 2024)
- **Total Revenue:** $11,177,567 (primarily from the acquisition of ASG which contributed from April 2024)
- **Revenues from Al Shola Gas (consolidated from April 2024):** $14,268,840
  - Increased by 31.1% compared to 2023 ($10,839,209)
- **Net Income (2024):** $266,780 (compared to a net loss of $4,232,732 in 2023)
- **Net Income from Al Shola Gas:** $2,051,645 (up 17.6% from 2023's $1,743,974)

## Company Status
- **Market Capitalization (as of most recent report):** ~$2,479,207
- **Shares Outstanding (as of April 28, 2025):** 140,429,681 common shares + 20,000 Series B shares
- **Stock Ticker:** QIND (traded OTC Markets)
- **Ownership:**  
  - Majority owned (67.04%) by Fusion Fuel Green PLC  
  - Control and voting rights largely held by Fusion Fuel Green PLC due to recent transfer of shares (~67.36%) in November 2024

## Strategic Intent
- Focus on expanding LPG systems design, supply, and maintenance services
- Grow customer base in UAE and expand into Middle East and Africa
- Pursue strategic acquisitions to increase market share and diversify operations
- Prioritize regional growth, operational efficiency, safety, and regulatory compliance

Quality Industrial Corp. (QIND) is an industrial company specializing in engineering and distribution services within the liquefied petroleum gas (LPG) sector.

# Company Overview: Quality Industrial Corp. (Ticker: QIND)

## Business Focus
Quality Industrial Corp. (QIND) is a publicly traded company focused on the industrial, oil & gas, and utility sectors. The company primarily engages in engineering and distribution services within the liquefied petroleum gas (LPG) industry through its subsidiary, Al Shola Gas LLC (ASG).

### Areas of Operation
1. **Central Gas Systems (LPG)**:
   - **Services Offered**:
     - Design, supply, construction, operation, and maintenance of LPG systems.
     - Design consultancy and project management.
     - Repair and preventive maintenance.
     - Billing and monitoring systems.

2. **LPG Supply & Distribution**:
   - Distribution of LPG in both cylinder and bulk formats.
   - ASG operates one of the leading LPG distribution networks in Dubai, with a fleet of 56 trucks.

### Company Size and Workforce
- **Total Employees**: Approximately 101
  - **QIND Employees**: 5
  - **ASG Employees**: 96

### Customer Base
- **Monthly LPG Cylinder Distribution**: Over 20,000 cylinders.
- **Monthly Bulk LPG Distribution**: Over 500,000 liters, with an expansion plan to deliver over 1,000,000 liters by the end of 2024.

## Recent Acquisitions and Financial Information
On March 27, 2024, QIND entered into a definitive Stock Purchase Agreement to acquire a 51% interest in Al Shola Al Modea Gas Distribution LLC (ASG) for $10 million. The payment structure includes:
- **Tranche 1**: $9 million paid in quarterly tranches over 24 months.
- **Tranche 2**: $1 million cash payment within 12 months of closing.

## Certifications
- ASG is ISO 9001 certified, affirming its commitment to quality management systems.

### Corporate Structure
- QIND operates as a subsidiary of Ilustrato Pictures International Inc. (ILUS), which holds a controlling interest in the company.

## Financial Information
- **Revenue & Income**: Specific revenue and income figures for QIND and ASG have not been disclosed in the provided information, thus cannot be summarized.

## Summary
Quality Industrial Corp. is strategically aligned to grow its market share in the industrial and LPG sectors through acquisitions and a focus on operational efficiency. With a modest workforce and established distribution capabilities in Dubai, the company positions itself for future growth through scalability and new customer acquisition.

Quality Industrial Corp.

10-K / April 28, 2025

10-K / April 8, 2024

10-K / April 28, 2025

Company Overview Summary

Business Focus

Core Services and Operations

Customer Base

Employees

Revenue & Income (Year Ended Dec 2024)

Company Status

Strategic Intent