SANTA BARBARA, CA--(Marketwire - Feb 20, 2013) - STWA, Inc. (
The announcement comes on the heels of STWA's release that it has retained the law firm of Jones Walker for consolidation of, and aggressive growth within, the Company's international Intellectual Property (IP) portfolio. As the Company rapidly expands its reach throughout North America and overseas it will be working closely with Special Counsel at Jones Walker, Mr. C. Dean Domingue, a United States registered patent attorney and former senior patent counsel to Halliburton Corp.
The AOT™ Midstream product is a commercial-grade, on-demand viscosity reduction device for crude oil pipeline applications. The product installs at crude oil pipeline pump stations to reduce the friction loss of the pipeline, providing benefits to the pipeline operator and their customers. STWA has been in development with the product after successfully demonstrating the efficacy of the technology with a prototype series of AOT™ devices tested with the United States Department of Energy.
"The past year has been full of massive strides for this Company," said Mr. Cecil Bond Kyte, Chairman and CEO of STWA. "We have been working diligently to build ourselves into a lightweight, robust and efficient developer of commercialized products borne of innovative ideas fostered by this nation's leading educational institutions like our intellectual property co-developer, Temple University. The AOT™ Midstream product is the natural application of Dr. Tao's original theories melded with our commercialization product development strategies and relationships. The technology is creating a buzz within the industry right now, as pipeline growth within North America is unprecedented and the sector is desperately seeking solutions like AOT™ to meet the accelerating demands of the midstream infrastructure. This first unit has been manufactured with specific end users in mind. We have developed this product with a lot of feedback and insight from our commercial relationships and supply chain members, and look forward to a very bright 2013."
About AOT™ Midstream
The AOT™ Midstream enhanced oil transport system is a commercial crude oil pipeline flow assurance product designed to be installed at pipeline pump stations in the upstream, gathering and midstream sectors.
AOT™ is a turn-key product that uses an ultra-low amperage electric bath to encourage particulate matter aggregation of the paraffin and/or asphalt content of the crude oil being transported to reduce the viscosity of the crude oil quickly and easily. The reduction of viscosity holds key benefits to the energy production and transportation industry. The product holds advantages over currently adopted flow assurance technologies in use around the world today.
AOT™ has been independently verified and tested by numerous third party entities such as the United States Department of Energy mentioned above, for the efficacy of AOT™ for the reduction of crude oil viscosity. Test reports and related links are available on the Company's website.
"Applied Oil Technology™," "AOT™ Midstream," and "AOT™" are copyrights and registered trademarks of STWA, Inc.
About STWA, Inc.
STWA, Inc. develops and commercializes energy efficiency technologies that assist in meeting increasing global energy demands, improving the economics of oil extraction and transport, and reducing greenhouse gas emissions. The Company's intellectual property portfolio includes 41 domestic and international patents and patents pending, which have been developed in conjunction with and exclusively licensed from Temple University. More information including a company Fact Sheet, logos and media articles are available at: www.stwa.com.
Safe Harbor Statement
This press release contains information that constitutes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Any such forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from any future results described within the forward-looking statements. Risk factors that could contribute to such differences include those matters more fully disclosed in the Company's reports filed with the Securities and Exchange Commission. The forward-looking information provided herein represents the Company's estimates as of the date of the press release, and subsequent events and developments may cause the Company's estimates to change. The Company specifically disclaims any obligation to update the forward-looking information in the future. Therefore, this forward-looking information should not be relied upon as representing the Company's estimates of its future financial performance as of any date subsequent to the date of this press release.