|By Marketwired .||
|May 27, 2014 05:59 AM EDT||
SANTA BARBARA, CA--(Marketwired - May 27, 2014) - STWA, Inc. (the "Company") (OTCQB: ZERO), a developer of integrated solutions for the energy industry, announced today that it has received its first revenue of $60,000, representing the first lease payment arising from the installation of its Applied Oil Technology flow assurance product on a pipeline located in Wichita, Kansas. We are pleased and excited about this significant milestone and development in our efforts to commercialize our AOT technology, and look forward to the collaborative testing of our product on this pipeline with our client and Temple University.
Developed to address the historic surge in upstream oil production and pressing critical infrastructure needs, the Applied Oil Technology (known as the "AOT") system is a long-distance crude oil pipeline flow assurance product designed to increase flow rates and improve efficiency of pipelines.
The 110-ton AOT Midstream installation (pictured) is the result of a 5-year research and development project conducted by STWA, Temple University of Philadelphia and 19 energy-industry companies, suppliers and manufacturers and is installed in North America for the first time.
The AOT system is based on technology developed by physicists at Temple University to alter the mechanical properties of crude oil under flow. The technology operates by reducing the viscosity of crude by exposing it to precise electrical fields in the pipeline. The product was designed to meet the rigorous demands of major pipeline pumping stations, in order to improve flow and reduce energy-consumption operating costs and emissions associated with transporting oil over long distances.
"This marks a significant moment in our Company's history," said STWA Technical and Operational Director Bjorn Simundson. "Our job has been to take this technology out of obscurity in a science lab, and navigate the process to bring it to commercial reality. This installation and what we believe will be a successful test of our technology is a first step in that direction. We have been truly blessed to work with some of the sharpest minds in the industry on this monumental undertaking, and during our recent presentation at the PEG conference, the reception and interest in this technology and our ability to innovate and execute within this complex industry was paramount. As a result of this success and that conference presentation, we have already added two more major companies under NDA and are studying their infrastructure needs at this time with more on the way. With this AOT, and the forthcoming testing of our new upstream products beginning this summer, we believe we are really in a good spot moving forward. I'm humbled and honored to be a part of this amazing team."
"When I first became a part of this Company in 2012 as the CFO, it became readily apparent that there was an unprecedented opportunity awaiting us for a commercialized product such as AOT," commented Gregg Bigger, STWA Chief Executive Officer and Chairman of the Board. "Due to the rampant growth in oil production over the past several years due to new technologies and techniques being widely deployed seemingly overnight, producers and pipeline operators are intently focused on increasing takeaway capacity through operational efficiencies, which is precisely what AOT is designed to accomplish. We have been working diligently to commercialize our AOT technology. We would like to thank all of our employees, industry partners, customers and most importantly our shareholders for standing by us during this journey. Thank you for your continued support."
Safe Harbor Statement:
Some of the statements in this release may constitute forward-looking statements under federal securities laws. Please visit the following link for our complete cautionary forward-looking statement: http://ir.stockpr.com/stwa/safeharbor
About STWA, Inc.
STWA, Inc. (Save the World Air, Inc.) is a Nevada Corporation that works with commercial entities, educational institutions and industry manufacturers to deliver innovative solutions and licensable technologies to the conventional energy production and transportation industry. More information is available at: www.stwa.com. STWA, Inc. The Company's SEC filings can be found here.
Investor Relations & Media Contact:
Tel: (805) 845-3581
E-mail: [email protected]
20th Cloud Expo, taking place June 6-8, 2017, at the Javits Center in New York City, NY, will feature technical sessions from a rock star conference faculty and the leading industry players in the world. Cloud computing is now being embraced by a majority of enterprises of all sizes. Yesterday's debate about public vs. private has transformed into the reality of hybrid cloud: a recent survey shows that 74% of enterprises have a hybrid cloud strategy.
Dec. 2, 2016 01:15 PM EST Reads: 2,065
Traditional on-premises data centers have long been the domain of modern data platforms like Apache Hadoop, meaning companies who build their business on public cloud were challenged to run Big Data processing and analytics at scale. But recent advancements in Hadoop performance, security, and most importantly cloud-native integrations, are giving organizations the ability to truly gain value from all their data. In his session at 19th Cloud Expo, David Tishgart, Director of Product Marketing ...
Dec. 2, 2016 01:00 PM EST Reads: 1,373
Join Impiger for their featured webinar: ‘Cloud Computing: A Roadmap to Modern Software Delivery’ on November 10, 2016, at 12:00 pm CST. Very few companies have not experienced some impact to their IT delivery due to the evolution of cloud computing. This webinar is not about deciding whether you should entertain moving some or all of your IT to the cloud, but rather, a detailed look under the hood to help IT professionals understand how cloud adoption has evolved and what trends will impact th...
Dec. 2, 2016 01:00 PM EST Reads: 2,437
More and more brands have jumped on the IoT bandwagon. We have an excess of wearables – activity trackers, smartwatches, smart glasses and sneakers, and more that track seemingly endless datapoints. However, most consumers have no idea what “IoT” means. Creating more wearables that track data shouldn't be the aim of brands; delivering meaningful, tangible relevance to their users should be. We're in a period in which the IoT pendulum is still swinging. Initially, it swung toward "smart for smar...
Dec. 2, 2016 12:11 PM EST Reads: 166
Internet of @ThingsExpo, taking place June 6-8, 2017 at the Javits Center in New York City, New York, is co-located with the 20th International Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. @ThingsExpo New York Call for Papers is now open.
Dec. 2, 2016 12:00 PM EST Reads: 1,823
"ReadyTalk is an audio and web video conferencing provider. We've really come to embrace WebRTC as the platform for our future of technology," explained Dan Cunningham, CTO of ReadyTalk, in this SYS-CON.tv interview at WebRTC Summit at 19th Cloud Expo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
Dec. 2, 2016 12:00 PM EST Reads: 139
Everyone knows that truly innovative companies learn as they go along, pushing boundaries in response to market changes and demands. What's more of a mystery is how to balance innovation on a fresh platform built from scratch with the legacy tech stack, product suite and customers that continue to serve as the business' foundation. In his General Session at 19th Cloud Expo, Michael Chambliss, Head of Engineering at ReadyTalk, discussed why and how ReadyTalk diverted from healthy revenue and mor...
Dec. 2, 2016 11:45 AM EST Reads: 1,451
When it comes to cloud computing, the ability to turn massive amounts of compute cores on and off on demand sounds attractive to IT staff, who need to manage peaks and valleys in user activity. With cloud bursting, the majority of the data can stay on premises while tapping into compute from public cloud providers, reducing risk and minimizing need to move large files. In his session at 18th Cloud Expo, Scott Jeschonek, Director of Product Management at Avere Systems, discussed the IT and busin...
Dec. 2, 2016 11:30 AM EST Reads: 3,737
In an era of historic innovation fueled by unprecedented access to data and technology, the low cost and risk of entering new markets has leveled the playing field for business. Today, any ambitious innovator can easily introduce a new application or product that can reinvent business models and transform the client experience. In their Day 2 Keynote at 19th Cloud Expo, Mercer Rowe, IBM Vice President of Strategic Alliances, and Raejeanne Skillern, Intel Vice President of Data Center Group and G...
Dec. 2, 2016 11:30 AM EST Reads: 1,844
Extracting business value from Internet of Things (IoT) data doesn’t happen overnight. There are several requirements that must be satisfied, including IoT device enablement, data analysis, real-time detection of complex events and automated orchestration of actions. Unfortunately, too many companies fall short in achieving their business goals by implementing incomplete solutions or not focusing on tangible use cases. In his general session at @ThingsExpo, Dave McCarthy, Director of Products...
Dec. 2, 2016 11:00 AM EST Reads: 395
"Qosmos has launched L7Viewer, a network traffic analysis tool, so it analyzes all the traffic between the virtual machine and the data center and the virtual machine and the external world," stated Sebastien Synold, Product Line Manager at Qosmos, in this SYS-CON.tv interview at 19th Cloud Expo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
Dec. 2, 2016 11:00 AM EST Reads: 394
You have great SaaS business app ideas. You want to turn your idea quickly into a functional and engaging proof of concept. You need to be able to modify it to meet customers' needs, and you need to deliver a complete and secure SaaS application. How could you achieve all the above and yet avoid unforeseen IT requirements that add unnecessary cost and complexity? You also want your app to be responsive in any device at any time. In his session at 19th Cloud Expo, Mark Allen, General Manager of...
Dec. 2, 2016 10:45 AM EST Reads: 1,591
Data is the fuel that drives the machine learning algorithmic engines and ultimately provides the business value. In his session at Cloud Expo, Ed Featherston, a director and senior enterprise architect at Collaborative Consulting, discussed the key considerations around quality, volume, timeliness, and pedigree that must be dealt with in order to properly fuel that engine.
Dec. 2, 2016 10:30 AM EST Reads: 1,897
The 20th International Cloud Expo has announced that its Call for Papers is open. Cloud Expo, to be held June 6-8, 2017, at the Javits Center in New York City, brings together Cloud Computing, Big Data, Internet of Things, DevOps, Containers, Microservices and WebRTC to one location. With cloud computing driving a higher percentage of enterprise IT budgets every year, it becomes increasingly important to plant your flag in this fast-expanding business opportunity. Submit your speaking proposal ...
Dec. 2, 2016 10:15 AM EST Reads: 2,022
As ridesharing competitors and enhanced services increase, notable changes are occurring in the transportation model. Despite the cost-effective means and flexibility of ridesharing, both drivers and users will need to be aware of the connected environment and how it will impact the ridesharing experience. In his session at @ThingsExpo, Timothy Evavold, Executive Director Automotive at Covisint, discussed key challenges and solutions to powering a ride sharing and/or multimodal model in the age ...
Dec. 2, 2016 10:00 AM EST Reads: 1,070