STWA, Inc. Issues Shareholder Update: Product Deployment and Energy Sector Analysis
SANTA BARBARA, Calif., Jan. 27, 2014 (GLOBE NEWSWIRE) -- STWA, Inc. (the "Company") (OTCQB:ZERO), a developer of integrated solutions for the energy industry, has issued a Shareholder Update about the Company's status, market opportunity and the installation of the Company's AOT™ Viscosity Reduction System onto one of North America's primary north-south midcontinent pipelines.
Excerpts from the Shareholder Update:
"I am pleased to say that the development, design and manufacture of our AOT™ technology has been completed on time and on budget," STWA Chief Executive Officer Mr. Greggory M. Bigger states in the Shareholder Update. "Over the past two years our team has been collaborating with engineers and representatives from exploration, extraction and transportation entities worldwide to find innovative solutions for improving the flow assurance of conventional energy during transport from well to point-of-sale."
"We are currently in the process of delivering 100 tons of our solid-state flow assurance equipment to one of the primary north-south, mid-continent pipelines in the nation, custom designed and engineered as a collaborative exercise between us and 19 different companies," Mr. Bigger continues. "This installation is important as it is representative of one of the newest, cutting edge long distance commercial pipeline infrastructures, a flagship of the 180,000 miles of crude oil pipeline throughout North America."
"Capital spending by energy companies in all sectors of the industry has increased dramatically over the past three years and is expected to continue to grow well into the future," Mr. Bigger states in the report. "For example, investment in the oil and gas midstream and downstream infrastructure alone has jumped 60 percent from 2010 and 2013, increasing from $56.3 billion to $89.6 billion. A recent report by the American Petroleum Institute estimates that upwards of $90 billion of direct capital will be spent on oil and gas infrastructure this year alone. We believe we are in a great position in a massive growth industry. We encourage you to read our SEC filings here and log on to our website at www.stwa.com for current information and updates."
"Thank you again for your support."
For the full body of the Shareholder Update, please visit here.
Safe Harbor Statement:
Some of the statements in this release may constitute forward-looking statements under federal securities laws. Please visit the following link for our complete cautionary forward-looking statement:
About STWA, Inc.
STWA, Inc. (Save the World Air, Inc.) is a Nevada Corporation that works with commercial entities, educational institutions and industry manufacturers to deliver innovative solutions and licensable technologies to the conventional energy production and transportation industry. More information is available at: www.stwa.com. STWA, Inc. SEC filings can be found here.
Investor Relations & Media Contact: Steve Bonser STWA, Inc. Tel: (805) 845-3581 Direct: (805) 896-9888