Past Achievements Set STWA, Inc. (ZERO) for Win in Global En Past Achievements Set STWA, Inc. (ZERO) for Win in Global Energy Market
For STWA, 2014 was a year of what you might describe as cataclysmic achievements. If these achievements are any inclination of what to expect in 2015, STWA should be turning quite a few heads on the global energy scene.
STWA develops and commercializes energy efficiency technologies designed to meet increasing global energy demands, improve the economics of oil extraction and transport, and reduce greenhouse gas emissions. The company’s current intellectual property portfolio includes 47 domestic and international patents and patents pending, which have been developed in conjunction with and exclusively licensed from Temple University.
The company’s flagship product, AOT™ Viscosity Reduction System, lowers the viscosity of crude oil for less drag resistance to speed the flow of oil and achieve greater operational efficiencies. STWA Joule Heat is an energy-efficient crude oil heating technology that improves flow and pipeline performance with less power and in a smaller form factor than existing trace heating solutions.
In late 2013, STWA’s management team vowed to reduce overhead, strengthen the company’s balance sheet and accelerate the commercialization of its AOT™ technology. The company’s strategy in effectively fulfilling these pledges started with improving dialogue with investors and top-tier energy company management. In support of this initial step and along course to its ultimate goal of uplisting to the NASDAQ, STWA upgraded its stock to OTC Markets Group’s premier OTCQX tier.
Turning its focus toward commercialization of AOT, STWA reduced non-essential recurring expenses, shed obligations tied to unnecessary office space at the company’s Santa Barbara headquarters, and dissolved its Singapore subsidiary, STWA Asia Pte. Limited.
Working with a lightened and more focused load, STWA completed beta testing on a 300,000 bpd TransCanada pipeline, thereby proving its ability to produce, deliver and operate AOT equipment for a major U.S. oil crude pipeline. The achievement resulted in the first revenue in company history, the establishment of its equipment lease agreement revenue model, a reduction in operating expenses, and the expansion of its product line and market reach.
Along with prototype testing by the Department of Energy, the TransCanada collaboration added momentum to the company’s goal to re-deploy its inventory (currently five pressure vessels) of AOT equipment to other pipeline operators in North America, Africa and the Middle East.
Among other significant achievements, the company also signed testing agreements with energy companies and industry vendors interested in improving the efficiencies and economics of transporting feedstock, signed two lease agreements with Fortune 500 companies in the midstream space, and signed an agreement with an upstream operator in Utah.
STWA also completed the design of its new STWA Joule Heat product and upon completion of fabrication will deploy testing of the technology in Utah to observe its efficacy in cold weather climate.
Swept in the current of favorable energy market conditions, STWA plans to see current projects to fruition as it pursues opportunities to diversify its operations throughout 2015 and deploy its technologies to key sectors of the global energy market.
For more information visit www.stwa.com.
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