STWA Provides Update on Go Forward Plan for Testing Applied Oil Technology (AOT™) at Rocky Mountain Oilfield Testing Center (RMOTC)
Efficacy Could Show Value in the Multi-Billion Dollar Oil Pipeline Market
SANTA BARBARA, CA--(Marketwire - September 20, 2010) - STWA, Inc. (
The Company conducted a site visit last week at the RMOTC facility in Casper, Wyoming. Key company and interested parties were present to review and outline go-forward plans. Testing of the prototype will take place through a 4.16-mile pipeline built exclusively to evaluate AOT™ and determine its market value.
The Company is collaborating with a source manufacturer and an advanced technology testing group from the DOE to review pre-installation specifications for the AOT™ product prototype in order to assure that test results provide relevant data to meet industry standards for widespread acceptance of the technology.
"This is an exciting turning point and a key step towards commercialization of AOT™, which has the potential to effect a major advancement in technology for the energy pipeline industry," stated Mr. Cecil Bond Kyte, Chairman and CEO of STWA, Inc. "We are currently in late stage discussions with active oil industry participants regarding their participation and believe that the relevance of AOT™ to the energy supply delivery system has the potential to be enormous and could provide a global security advantage by helping pipelines run at greater capacity on demand."
About STWA, Inc.
STWA, Inc. (
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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.
Released September 20, 2010