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Replies to post #35500 on QS Energy Inc (QSEP)
12/08/16 11:27 AM
and these intermediate steps mean that every word of every Update
can be quoted
Save the World Air, Inc. ("STWA") (OTCBB: ZERO) today announced that it has received its first order from its exclusive distributor in China, Golden Allied Enterprise Group (GAE). The initial order is for 100,000 devices to begin shipping within the next 60 days, and to ship in installments through July 31, 2007. The distribution agreement requires GAE to purchase 11,500,000 devices over a five-year period in order to remain STWA's exclusive distributor in China.
STWA's wholly owned subsidiary, STWA Asia Pte. Limited, and Adtech have entered into a binding distribution agreement under which Adtech has paid cash in advance to support its first shipment against an initial order of 10,000 units, which was shipped immediately. Under the distribution agreement, Adtech is required to purchase 600,000 units over a five-year period in order to remain a distributor of the Company's products in Vietnam.
"We are making excellent progress towards our goal of having the Elektra™, MAG CHARGR™ and Eco CHARGR™ technologies ready for production," stated Charles Blum, President and CEO of STWA, Inc.
4. What is the current status with strategic partnerships and alliances?
The Company engaged an East Coast based business-consulting firm to assist with marketing services connected with its ELEKTRA™-based technology as it applies to tractor-trailer truck and other heavy diesel truck operators.
The firm will arrange presentations, set up meetings and assist in executing deals for STWA with potential customers who operate large fleets of diesel trucks. The Agreement initially targets 5 accounts that represent over 41,000 trucks. In addition, it covers one of North America's largest employee unions, with nearly 1,900 affiliates and 1.4 million members throughout the U.S., Canada and Puerto Rico. To that end, they will work to introduce the product to the Union's independent trucking operators to support the implementation and purchase of STWA's Products.
We have had discussions and entered into a mutual non-disclosure agreement with Melton Mowbray, Leicestershire based Pera Innovation Limited, one of Europe's leading innovation and business support organizations with a presence in eight European countries. We have also entered into a similar agreement with one of the largest oil companies in the world. As we move forward we will look to pursue these relationships to the benefit of our company and its shareholders.
TWST: What are Save the World Air's priorities for the next four to eight quarters?
Mr. Kyte: Next year to two. Well, in the next year, we want to become profitable. We are transitioning out of R&D and into sales.
AI
