News Feed Item

STWA Reports Initial Revenues

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.

Image Available: http://www.marketwire.com/library/MwGo/2014/5/27/11G016186/Images/AOT-KEYSTONE2-1357329572388.jpg

Investor Relations & Media Contact:
STWA, Inc.
Tel: (805) 845-3581
E-mail: [email protected]

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
While some developers care passionately about how data centers and clouds are architected, for most, it is only the end result that matters. To the majority of companies, technology exists to solve a business problem, and only delivers value when it is solving that problem. 2017 brings the mainstream adoption of containers for production workloads. In his session at 21st Cloud Expo, Ben McCormack, VP of Operations at Evernote, discussed how data centers of the future will be managed, how the p...
The deluge of IoT sensor data collected from connected devices and the powerful AI required to make that data actionable are giving rise to a hybrid ecosystem in which cloud, on-prem and edge processes become interweaved. Attendees will learn how emerging composable infrastructure solutions deliver the adaptive architecture needed to manage this new data reality. Machine learning algorithms can better anticipate data storms and automate resources to support surges, including fully scalable GPU-c...
Wooed by the promise of faster innovation, lower TCO, and greater agility, businesses of every shape and size have embraced the cloud at every layer of the IT stack – from apps to file sharing to infrastructure. The typical organization currently uses more than a dozen sanctioned cloud apps and will shift more than half of all workloads to the cloud by 2018. Such cloud investments have delivered measurable benefits. But they’ve also resulted in some unintended side-effects: complexity and risk. ...
Machine learning provides predictive models which a business can apply in countless ways to better understand its customers and operations. Since machine learning was first developed with flat, tabular data in mind, it is still not widely understood: when does it make sense to use graph databases and machine learning in combination? This talk tackles the question from two ends: classifying predictive analytics methods and assessing graph database attributes. It also examines the ongoing lifecycl...
With more than 30 Kubernetes solutions in the marketplace, it's tempting to think Kubernetes and the vendor ecosystem has solved the problem of operationalizing containers at scale or of automatically managing the elasticity of the underlying infrastructure that these solutions need to be truly scalable. Far from it. There are at least six major pain points that companies experience when they try to deploy and run Kubernetes in their complex environments. In this presentation, the speaker will d...
When applications are hosted on servers, they produce immense quantities of logging data. Quality engineers should verify that apps are producing log data that is existent, correct, consumable, and complete. Otherwise, apps in production are not easily monitored, have issues that are difficult to detect, and cannot be corrected quickly. Tom Chavez presents the four steps that quality engineers should include in every test plan for apps that produce log output or other machine data. Learn the ste...
Dhiraj Sehgal works in Delphix's product and solution organization. His focus has been DevOps, DataOps, private cloud and datacenters customers, technologies and products. He has wealth of experience in cloud focused and virtualized technologies ranging from compute, networking to storage. He has spoken at Cloud Expo for last 3 years now in New York and Santa Clara.
"Peak 10 is a hybrid infrastructure provider across the nation. We are in the thick of things when it comes to hybrid IT," explained , Chief Technology Officer at Peak 10, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
We are seeing a major migration of enterprises applications to the cloud. As cloud and business use of real time applications accelerate, legacy networks are no longer able to architecturally support cloud adoption and deliver the performance and security required by highly distributed enterprises. These outdated solutions have become more costly and complicated to implement, install, manage, and maintain.SD-WAN offers unlimited capabilities for accessing the benefits of the cloud and Internet. ...
Dion Hinchcliffe is an internationally recognized digital expert, bestselling book author, frequent keynote speaker, analyst, futurist, and transformation expert based in Washington, DC. He is currently Chief Strategy Officer at the industry-leading digital strategy and online community solutions firm, 7Summits.
As IoT continues to increase momentum, so does the associated risk. Secure Device Lifecycle Management (DLM) is ranked as one of the most important technology areas of IoT. Driving this trend is the realization that secure support for IoT devices provides companies the ability to deliver high-quality, reliable, secure offerings faster, create new revenue streams, and reduce support costs, all while building a competitive advantage in their markets. In this session, we will use customer use cases...
Daniel Jones is CTO of EngineerBetter, helping enterprises deliver value faster. Previously he was an IT consultant, indie video games developer, head of web development in the finance sector, and an award-winning martial artist. Continuous Delivery makes it possible to exploit findings of cognitive psychology and neuroscience to increase the productivity and happiness of our teams.
When building large, cloud-based applications that operate at a high scale, it's important to maintain a high availability and resilience to failures. In order to do that, you must be tolerant of failures, even in light of failures in other areas of your application. "Fly two mistakes high" is an old adage in the radio control airplane hobby. It means, fly high enough so that if you make a mistake, you can continue flying with room to still make mistakes. In his session at 18th Cloud Expo, Le...
Machine learning has taken residence at our cities' cores and now we can finally have "smart cities." Cities are a collection of buildings made to provide the structure and safety necessary for people to function, create and survive. Buildings are a pool of ever-changing performance data from large automated systems such as heating and cooling to the people that live and work within them. Through machine learning, buildings can optimize performance, reduce costs, and improve occupant comfort by ...
DevOps tends to focus on the relationship between Dev and Ops, putting an emphasis on the ops and application infrastructure. But that’s changing with microservices architectures. In her session at DevOps Summit, Lori MacVittie, Evangelist for F5 Networks, will focus on how microservices are changing the underlying architectures needed to scale, secure and deliver applications based on highly distributed (micro) services and why that means an expansion into “the network” for DevOps.