STWA Technology In-Line With Global Clean Energy Initiatives
Company's AOT™ and ELEKTRA™ Technologies May Hold Key to Major Greenhouse Gas Reductions Worldwide
SANTA BARBARA, CA--(Marketwire - January 10, 2011) - STWA, Inc. (
According to the International Energy Agency (IEA), an intergovernmental organization founded during the oil crises of 1973-74 that acts as an energy policy advisor to 28 member countries (including the U.S.), global efforts in clean energy research is growing. As a result of "green" stimulus packages during the past two years, 2009 saw a significant increase in IEA member country expenditures on clean energy research and development. Annual IEA member country spending is about $23 billion; ($16 billion without stimulus spending). Much of this funding is focused on a range of low-carbon energy technologies (LCETs), including energy efficiency in buildings, industry and transport. STWA's technology is in line with these international efforts and is designed to reduce the viscosity of petrochemical fluids such as crude oil, making it easier to pump through the existing 400,000 miles of pipeline infrastructure and helping the industry to operate more profitably while using less energy worldwide.
"The current geopolitical climate, which includes incentives for clean energy development and carbon reduction technologies, highlights the need to balance energy security with protecting the environment," commented Mr. Cecil Bond Kyte, Chairman and CEO of STWA, Inc. "This is very good news for the development of our Applied Oil Technology (AOT™) and ELEKTRA™ technologies, which hold the potential to reduce operation costs and reduce emissions for heavy industry on an unprecedented global scale. By reducing the amount of energy it takes to move a barrel of oil through the 400,000 miles of pipeline out there, our AOT™ technology could fundamentally reduce the energy industry's environmental footprint. We believe that the commercialization of our technologies can be instrumental in supporting clean energy initiatives currently taking shape around the world and are working day and night to make this a reality as fast as possible."
About STWA, Inc.
STWA, Inc. (
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