STWA Builds Industry Interest for Its Breakthrough Pipeline Efficiency Technology
SANTA BARBARA, CA--(Marketwire -04/18/12)- STWA, Inc. (OTC.BB: ZERO.OB - News) ("STWA" or the "Company"), a developer of applied solutions for oil and fuel delivery systems in the multi-billion dollar oil pipeline and diesel engine markets, announced today that its attendance of the 2012 Montana Energy Conference has led to productive post-conference industry meetings and further industry recognition for AOT™.
Meetings and introductions were arranged by Montana State Senator Ryan Zinke, a former Commander of SEAL Team SIX, and his running-mate for Governor, Neil Livingstone, and STWA affiliate On Point Montana. On Point Montana hosted a number of post-conference meetings and dinners to ensure that STWA attendees gained invaluable insight into the Bakken oil boom and met the industry leaders who are driving its success.
On Point Montana President Tom Boyle states, "This is an exciting time in Montana's and STWA's history. The STWA team showed the dynamic capabilities that a commercially viable AOT™ might deliver. Furthermore, it was our pleasure to play a role in making inroads with regard to the Bakken (formation)."
"Advances in drilling technology and good old entrepreneurship have been the driving forces behind the Bakken oil boom. Given that we build transportation systems and increase domestic refining capability, America could wean itself from foreign oil within a few short years. I am confident that STWA's pipeline technology will be a major player in reaching America's goal of energy independence," added Montana State Senator, Ryan Zinke.
"For our pipeline technology, the future has never looked so bright. This Conference was highly beneficial to our Company and we would like to thank our hosts for making it happen. With our newly published test results generated by the United States Department of Energy and our maturing supply chain, I am excited about meeting full commercialization milestones," concluded STWA CEO Cecil Bond Kyte.
About The Montana Energy Conference.
Montana's Leading Energy Conference & Trade Show: http://montanaenergy.net/.
Montana Energy 2012 is the largest avenue to discuss Montana's energy potential. The two-day comprehensive conference and trade show includes energy industry representatives, suppliers of goods and services, contractors, local government officials and economic development professionals. The event provides an all-encompassing discussion of Montana's energy potential.
About Senator Ryan Zinke
Commander Ryan K. Zinke, U.S. Navy SEAL (Retired). Senator, State of Montana, Candidate for LT Governor
Senator Ryan Zinke's distinguished military career began in 1985 when he graduated from Officer Candidate School and attended SEAL training (class 136). He was then assigned to SEAL Team ONE in Coronado, CA where he led counter-insurgency and contingency operations in the Persian Gulf and the Pacific theater of operations. From 1990-93 and again from 1996-99, he was selected to SEAL TEAM SIX where he was a Team Leader, Ground Force Commander, Task Force Commander and Current Operations Officer in support of National Command Authority missions. He then served as the Special Operations Officer in Europe and led the first exercise between former Soviet Special Forces and NSW forces, and served as the SEAL Commander of Joint Task Force TWO in support of Special Operations missions in Bosnia-Herzegovina, Croatia and Kosovo. In 2004, Ryan was assigned as Deputy and acting Commander, Combined Joint Special Operations Task Force-Arabian Peninsula in support of Operation IRAQI FREEDOM where he led a force of over 3500 Special Operations personnel in Iraq in the conduct of 360 combat patrols, 48 Direct Action missions, and hundreds of sensitive operations. In 2008, Senator Zinke was elected to the Montana State Senate representing District 2 which includes the cities of Whitefish, Columbia Falls, and the entirety of Glacier National Park. Senator Zinke chairs the Senate Education Committee and serves on the Senate Finance and Claims Committee. Significant bills include Workers Compensation reform and increasing flexibility in education. Often referred to as a "Teddy Roosevelt" Republican, Senator Zinke is a fiscal conservative and a leading advocate for working families, small businesses, traditional conservation values and a forward looking educational system. Senator Zinke is CEO of two business development firms that specialize in advanced technology with clients to include Raytheon, Northrop Grumman, General Dynamics, Sierra Nevada, Unmanned Systems INC, and Katmai among others. He also serves as the Director of the Montana Unmanned Aircraft Systems (UAS) Center for Remote Integration, a founding Director of the Montana Firearms Institute (MFI), and is the President and Founder of the Great Northern Veterans Peace Park Foundation.
About the US DOE Test
The technology, currently in testing with the United States Department of Energy, is directed at improving the efficiency and throughput capacity of conventional energy infrastructure. The research was co-funded by STWA, Inc. and the Pipeline Research Council International (PRCI), the preeminent global collaborative research development organization of, by, and for the energy pipeline industry. Work was directed by Clarke Turner, Brian Haight, Wes Lintz, Wes Riesland, George Hughes and Jeanette Buelt, all of the United States Department of Energy Rocky Mountain Oilfield Testing Center. To view the U.S. DOE's report on these test results please visit: http://www.stwa.com/STWA/whitepapers/RMOTC_STWA_AOT_Test_Report_04042012_FINAL.pdf.
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 24 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: http://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.