Innovative energy technology company, Save the World Air Inc. (STWA), released news recently highlighting the company’s 2010 achievements. Each accomplishment aided in maximizing the potential of the company’s energy-savings technologies.
Among the highlights:
• STWA reported that it received approval from the U.S. Department of Energy to test a prototype based on the Company’s Applied Oil Technology (AOT™) at the U.S. Naval Petroleum Reserve #3 (NPR-3) Rocky Mountain Oilfield Testing Center (RMOTC) in Wyoming;
• Engaged Colfax Corporation to produce a full scale AOT™ product prototype for testing at RMOTC;
• Achieved payment obligations with Temple University covering AOT™ licensing agreement totaling $512,000; also strengthened intellectual product positioning as technology receives patents in 32 European countries;
• Reached agreement with Verdantec Technologies for joint fuel savings project called Advanced Diesel Technology to increase efficiency for commercial diesel trucks;
• Confirmed effect of STWA technology on crude oil at nano-scale level;
• Attended Energy Futures Symposium 2010, sponsored by the American Society of Naval Engineers (ASNE), attended by military decision-makers and defense contractors focused on modernization of fleet assets;
• Completed funding of over $3 million to support ongoing development of proprietary, patented fuel-saving technology and Applied Oil Technology (AOT™).
Mr. Cecil Bond Kyte, Chairman and CEO of STWA, Inc., remarked, “The milestones that we achieved these past twelve months have set up 2011 to be a monumental year. Throughout the course of 2010, we have positioned ourselves to take advantage of the tremendous opportunity that our energy-efficiency technology holds for crude oil transportation and diesel engine efficiency to help meet energy demands and emissions quality standards.”
Kyte continued, “We believe that our development of an AOT™ product line has the potential to change how crude oil is transported around the globe, resulting in significant cost savings for pipeline operators, greater safety and a reduction the industry’s environmental footprint. I am excited and encouraged by the strides we have made as we get ready to begin our baseline testing in January and enter real-world application with our technology.”