SANTA BARBARA, CA--(Marketwire - Feb 12, 2013) - STWA, Inc. (
Having recently announced being engaged in discussions with multiple pipeline operators regarding the commercial implementation of its Applied Oil Technology™ AOT™ 2.0, STWA has engaged Jones Walker to further fortify the intellectual property (IP) position of the company and the technology.
"Jones Walker is a firm that has the kind of expertise we are looking for in protecting and further building our intellectual property assets around the world. In particular, we are very pleased to work with C. Dean Domingue, who combines his background in petroleum engineering with his deep patent law expertise to deliver powerful patent protection to his clients active in the oil and gas industry," said STWA CEO, Mr. Cecil Bond Kyte. "We look forward to working with our technology partners at Temple University, through whom we have the exclusive worldwide rights to 41 patents issued and pending, to further build and strengthen our mutual interests in the marketplace."
With more than 375 attorneys, Jones Walker is committed to providing proactive legal services to major multinational, public, and private corporations, Fortune® 500 companies, money center banks and worldwide insurers; and family and emerging businesses located in the United States and abroad.
STWA will be represented by C. Dean Domingue, who is a special counsel in the firm's Business & Commercial Litigation Practice Group. His concentration is in the area of intellectual property including patent, trademark, and copyright law, as well as litigation management and other related transactional work. Mr. Domingue is a U.S. Registered Patent Attorney and has engaged in all aspects of intellectual property law practice for over 20 years. He counsels clients with products and services pertaining to petroleum, electro-mechanical, software, chemical, and business method arts, including technologies relating to energy. He has experience with managing patent portfolios, litigating dispute management and resolution, outsourcing agreements, licensing and sale of intellectual property, and procuring trademark and copyright registrations. Mr. Domingue was previously a Senior Patent Counsel for Halliburton, where he managed the intellectual property issues for engineering and geoscience software applications, as well as real-time petrophysics and formulation evaluation solutions. Before law school, Mr. Domingue was a production engineer for Marathon Oil Company.
Mr. Domingue commented, "The technology being developing by STWA represents a bridge to a cleaner, more efficient energy industry. Intellectual property procurement and protection is critical in today's global energy industry. STWA is poised for great strides and the intellectual property practice group at Jones Walker looks forward to aiding STWA's mission."
About AOT™ Enhanced Oil Transport Systems:
The AOT™ Enhanced Oil Transport System is designed to be installed on existing and new build pipelines anywhere in the world. The purpose behind the system is to provide a way for the pipeline operator to instantly reduce their operational expenses (OPEX), while allowing the pipeline operator's customers to increase the number of barrels they can move through that pipeline each day.
STWA's new Enhanced Oil Transport System, (known as AOT™) is being evaluated by both pipeline and production companies as a turn-key solution to unlocking the maximum flow rates currently choked by the lack of pipeline carrying capacity.
AOT™ has been independently verified and tested by the United States Department of Energy, Temple University, The U.S. National Institute of Standards and Technology, and China Petroleum Pipeline Bureau. Each of the studies and tests have independently confirmed the efficacy of AOT™ for the reduction of crude oil viscosity and are available on the Company's website.
"Applied Oil Technology™" and "AOT™" are 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. STWA's technologies include Applied Oil Technology™ (AOT™), which is designed to improve oil flow through pipelines. AOT™ has been proven in U.S. Department of Energy tests to increase the energy efficiency of oil pipeline pump stations. ELEKTRA™ improves diesel engine efficiency for industrial diesel engines, as well as diesel-powered trucks, trains, marine vessels, military fleets and jet turbines. More information including a company Fact Sheet, logos and media articles are available at: www.stwa.com.
A 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.