Thursday, May 28, 2015 8:04:14 AM
http://ir.stwa.com/press-releases/detail/1999
STWA Congratulates Pipeline Research Council International on New Technology Development Center
SANTA BARBARA, CA -- (Marketwired) -- 05/28/15 -- Save The World Air, Inc., d/b/a STWA (the "Company") (OTCQX: ZERO), a developer of integrated technology solutions for the energy industry, today offered congratulations to Pipeline Research Council International ("PRCI") on its new, state-of-the-art Technology Development Center ("TDC") in Houston, Texas, which will open on June 16, 2015. PRCI, the preeminent global collaborative research development organization of, by, and for the energy pipeline industry, will utilize the TDC for research and technology development to ensure the safety and efficacy of global pipeline infrastructure.
Greggory Bigger, STWA Chief Executive Officer and Chairman, commented, "I would like to congratulate PRCI, both personally and on behalf of STWA, on the completion of the Technology Development Center in Houston. Having worked closely with PRCI in the past, we can attest to the organization's position as an independent, third-party entity that leads the industry forward through the testing, development and optimization of innovative pipeline technologies. I have no doubt that the TDC will be a resounding success."
STWA was contracted by PRCI in 2011 for testing of the Company's Applied Oil Technology™ (AOT™) system for reducing the viscosity of crude oil. The tests, conducted in 2011 and 2012 at the U.S. Department of Energy's ("DOE") Rocky Mountain Oilfield Testing Center in Casper, Wyoming, were co-funded by PRCI and STWA. The DOE's test results found that AOT successfully reduces crude oil viscosity, pipeline line-loss and pump motor power consumption.
Mr. Bigger continued, "I thank PRCI, and especially Director of Research Operations Michael Whelan, for their support of STWA over the years. PRCI partnered with the Company as we built out our early-stage AOT technology, and the successful testing at the DOE's Rocky Mountain Oilfield Testing Center would not have been possible without Mr. Whelan. We plan to reengage with PRCI in late 2015 to further optimize our entire technology portfolio, including both the AOT and STWA Joule Heat solutions. We continue to make great strides in business development and technology advancements as we move forward with our ongoing transition from R&D to commercialization, and utilizing the advanced capabilities offered at the Technology Development Center will allow us to provide additional enhancements to STWA's offerings as we look ahead to technology deployments."
For further information about STWA, Inc., visit www.stwa.com, read our SEC filings at http://ir.stockpr.com/stwa/all-sec-filings and subscribe to Email Alerts at http://ir.stockpr.com/stwa/email-alerts to receive company news and shareholder updates.
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