SANTA BARBARA, CA--(Marketwired - Apr 18, 2013) - STWA, Inc. (OTCBB: ZERO) ("STWA" or the "Company"), a developer of applied efficiency technology solutions for oil and fuel delivery systems in the multi-billion dollar global energy market, announced today that the Company's AOT™ Midstream has achieved ASME (American Society of Mechanical Engineers) Section VIII, Division 1 certification.
The ASME Boiler and Pressure Vessel Code (BPVC) analyzes and tests the equipment to provide grounds for safe operating parameters, and a margin for useful service life for the product. The international code certification process analyzes the structural and manufacturing integrity of commercial equipment and is a part of the clearance process for installation of new equipment to commercial installations. Successful completion of this step is required prior to clearance from regulatory agencies to approve installation of the new equipment to customer installation sites.
"The ASME certification process is an important milestone for our new commercial equipment," stated Mr. Cecil Bond Kyte, Chairman and CEO of STWA, Inc. "Our team and our supply chain have been working diligently to make the AOT™ Midstream into the latest 'Must Have' equipment for this important industry. Achieving successful ASME certification for the equipment is a key step towards achieving this goal."
ASME is a not-for-profit membership organization that enables collaboration, knowledge sharing, career enrichment, and skills development across all engineering disciplines, toward a goal of helping the global engineering community develop solutions to benefit lives and livelihoods. Founded in 1880 by a small group of leading industrialists, ASME has grown through the decades to include more than 130,000 members in 158 countries. Thirty-thousand of these members are students. ASME helps the global engineering community develop solutions to real world challenges. Founded in 1880 as the American Society of Mechanical Engineers, ASME is a not-for-profit professional organization that enables collaboration, knowledge sharing and skill development across all engineering disciplines, while promoting the vital role of the engineer in society. ASME codes and standards, publications, conferences, continuing education and professional development programs provide a foundation for advancing technical knowledge and a safer world.
About ASME BPVC Section VIII Division 1
This Division of Section VIII provides requirements applicable to the design, fabrication, inspection, testing, and certification of pressure vessels operating at either internal or external pressures exceeding 15 psig. Such pressure vessels may be fired or unfired. Specific requirements apply to several classes of material used in pressure vessel construction, and also to fabrication methods such as welding, forging and brazing. It contains mandatory and nonmandatory appendices detailing supplementary design criteria, nondestructive examination and inspection acceptance standards.
About AOT™ Midstream
The AOT™ Midstream enhanced oil transport system is a commercial crude oil pipeline flow assurance product designed to be installed at pipeline pump stations in the upstream, gathering and midstream sectors. AOT™ is a turn-key product that uses an ultra-low amperage electric bath to encourage particulate matter aggregation of the paraffin and/or asphalt content of the crude oil being transported to reduce the viscosity of the crude oil quickly and easily. The reduction of viscosity holds key benefits to the energy production and transportation industry. The product holds advantages over currently adopted flow assurance technologies in use around the world today. AOT™ has been independently verified and tested by numerous third party entities such as the United States Department of Energy mentioned above, for the efficacy of AOT™ for the reduction of crude oil viscosity. Test reports and related links are available on the Company's website.
"Applied Oil Technology™", "AOT™ Midstream", and "AOT™" are copyrights and registered trademarks of STWA, Inc.
About STWA, Inc.
STWA, Inc. 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 41 domestic and international patents and patents pending, which have been developed in conjunction with and exclusively licensed from Temple University. More information including a company Fact Sheet, logos and media articles are available at: www.stwa.com.
Safe Harbor Statement
This press release contains information that constitutes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Any such forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from any future results described within the forward-looking statements. Risk factors that could contribute to such differences include those matters more fully disclosed in the Company's reports filed with the Securities and Exchange Commission. The forward-looking information provided herein represents the Company's estimates as of the date of the press release, and subsequent events and developments may cause the Company's estimates to change. The Company specifically disclaims any obligation to update the forward-looking information in the future. Therefore, this forward-looking information should not be relied upon as representing the Company's estimates of its future financial performance as of any date subsequent to the date of this press release.