STWA Issues Go-Ahead on Production of AOT™ Prototype
Initial Product Prototype to Be Used in Full Scale Testing of New Pipeline Energy-Efficiency Technology
SANTA BARBARA, CA--(Marketwire - November 4, 2010) - STWA, Inc. (
The prototype is to be used in full scale testing of the AOT™ technology to be conducted at the Department of Energy's Rocky Mountain Oilfield Testing Center (RMOTC) in Casper, Wyoming. The testing will measure the value AOT™ has to the industry in reducing the cost of transportation of crude oil through pipelines. This value is important especially in low temperature, heavy crude extraction points and sub-sea operations worldwide.
STWA has been working closely with Colfax Corporation and other parties on the engineering blueprints, calculations and manufacturing details for the AOT™ prototype throughout the majority of 2010. The plans have all been approved for fabrication of the prototype and the Company has issued a purchase order for the initial unit(s) to be used in full-scale testing. Production of the prototype will take place in the United States and is based on approved engineering and physics parameters, blueprints and plans.
"The team has worked diligently on this," commented Cecil Bond Kyte, Chairman and CEO of STWA, Inc. "The physics calculations and engineering factors that have gone into this new technology have resulted in a product we feel is ready for testing and, based on results, could come to market rapidly." Mr. Kyte added, "The opportunity to be a part of the development of a technology with real-world applications like this is incredible. Colfax is an absolute pleasure to work with and we are very excited about the prospects of this device and this important relationship."
About STWA, Inc.
STWA, Inc. (
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About Colfax Corporation.
Colfax Corporation is a global leader in critical fluid-handling products and technologies. Through its global operating subsidiaries, Colfax manufactures positive displacement industrial pumps and valves used in oil & gas, power generation, commercial marine, defense and general industrial markets. Colfax's operating subsidiaries supply products under the well-known brands Allweiler, Baric, Fairmount Automation, Houttuin, Imo, LSC, Portland Valve, Tushaco, Warren and Zenith. Additional information about Colfax is available at www.colfaxcorp.com.
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