QualityStocks would like to highlight STWA, Inc. (OTCBB: ZERO). The company 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.
In the company’s news yesterday,
STWA announced it has entered into a new five-year operating agreement with the U.S. Department of Energy’s (DOE) Rocky Mountain Oilfield Testing Center. The deal allows for continued field testing of STWA’s technology and its future iterations through the end of 2016.
In 2011, STWA and the DOE’s Rocky Mountain Oilfield Testing Center designed and retrofitted a purpose-built 4.5 mile underground oil pipeline facility to test the STWA’s Applied Oil Technology™ (AOT™) under simulated real-world conditions.
In October 2011 testing, the company’s AOT™ technology demonstrated pipeline operational efficiency improvements of more than 13 percent.
Continued testing, per the new five-year agreement, will evaluate advancements to AOT™, as well as any other technologies under development by STWA. The DOE will publish the results yielded by this further testing.
“By continuing our collaboration with the United States Department of Energy and field testing our technologies at the Rocky Mountain Oilfield Testing Center, we validate the effectiveness of our technology for the key decision makers in both industry and government,” STWA chairman and CEO Cecil Bond Kyte stated in the press release.
STWA’s AOT™ allows pipeline operators to temporarily reduce the viscosity of the crude oil within their pipeline(s) to reduce the fluid-drag (also known as friction-loss), generating results in which pipeline operators’ pump systems require less energy to maintain a constant flow rate, thereby directly reducing daily operation costs.
“We believe that AOT™’s intended benefit, to reduce the energy required to transport crude oil through commercial pipelines, aligns with the Rocky Mountain Oilfield Testing Center’s mission to assist in the development and commercialization of energy efficient and environmentally friendly technologies that address our nation’s critical energy challenges. Our aligned goals have led to a very productive cooperation that will extend for years to come,” Kyte stated.
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This release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. Risks and uncertainties applicable to the company and its business could cause the company's actual results to differ materially from those indicated in any forward-looking statements.
