HQ Sustainable Maritime Industries, Inc., formerly Process Equipment, Inc., is a Sino-Canadian joint venture bringing technologies to the fishing and aquaculture industries. HQ is a Chinese producer of tilapia fish exports to the United States. The Company harvests, processes, sells and markets farm-bred and ocean-harvested products. It also has freezing storage facilities with a capacity of 3,000 metric tons and aquatic products processing bases in Hainan province, China. HQ operates an international-standard, Canadian-designed ocean fishing fleet and a modern aquatic products processing plant with a capacity of 200 tons per day. In March 2004, the Company acquired Jade Profit Investment Limited, a privately held British Virgin Islands limited liability company that operates a subsidiary in China under the name Hainan Quebec Ocean Fishing Co. Ltd. In May 2004, the Company was merged with and into a wholly owned Delaware company, HQ Sustainable Maritime Industries, Inc.