Quality Industrial Corp. (QIND) is a Nevada-incorporated holding company that operates through Al Shola Gas, a Dubai-based LPG distribution and engineering services business in which QIND holds a 51% stake. Al Shola Gas does two things: it designs, installs, and maintains central LPG pipeline systems for commercial and residential properties, and it supplies LPG via cylinders and bulk tanker deliveries to end customers. Customers include property developers, owners' associations, facilities managers, and food and beverage operators across Dubai, with expansion underway into the northern UAE emirates. Al Shola Gas generates both project revenue — one-time fees for LPG system design and installation — and recurring revenue from metered LPG utility services, bulk deliveries, and operations and maintenance contracts once systems are handed over. The recurring revenue base grows as Al Shola Gas builds out its installed base of central LPG systems, while project revenue is tied to UAE real estate construction activity. QIND holds an option to acquire the remaining 49% of Al Shola Gas. In late 2024, Fusion Fuel Green, an Irish public company, acquired approximately 69% of QIND and is working toward a full merger, with a Nasdaq listing pending shareholder and regulatory approvals. QIND has 125 total employees, with 120 based at Al Shola Gas.
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