SOURCE: Save the World Air, Inc.

Save The World Air, Inc.

March 31, 2011 07:00 ET

STWA, Inc. Satisfies Final Payment Obligation With Temple University

Important Company Milestone Unlocks Final Negotiations on New Licensing Agreements

SANTA BARBARA, CA--(Marketwire - March 31, 2011) - STWA, Inc. (OTCBB: ZERO) ("STWA" or the "Company"), an innovative company creating technology focused on energy efficiency of large-scale energy production and improved fuel economy for diesel fleets, announced today that it has paid off all outstanding balances to Temple University, period. The Company is now in active discussions for new licensing agreements between the Company and the University.

On March 28th, STWA completed its final payment obligation to Temple University for $116,422, which covered the Company's original obligations for its Applied Oil Technology (AOT™) for crude oil viscosity reduction and ELEKTRA™ for improved diesel engine efficiency. STWA continues to develop a maturing intellectual property portfolio while working closely with Temple to bring advanced electro rheological (ER) products to market. This technology may have a substantial impact across many industries and the Company's primary objective remains focused on bringing it to market.

"For the first time in four years, STWA has fulfilled its prior outstanding financial obligations to Temple, due to the unwavering support and commitment of its shareholder base," stated Mr. Cecil Bond Kyte, Chairman and CEO of STWA, Inc. "I am pleased to report that this now unlocks final negotiations on new licensing agreements with Temple, and puts us in a very strong position relating to future relationships involving intellectual property. We have achieved a considerable amount in the last six months. Our upcoming AOT™ tests scheduled for mid-April will tell us the value our technology presents to the global oil production and transport industries."

"STWA's satisfaction of its outstanding payment obligations to Temple, fulfilled substantially within the past six months, has enabled the current negotiations," said Stephen G. Nappi, Director of Technology Development and Commercialization at Temple University. "Temple remains focused on advancing the commercialization of the fuel injector and pipeline technology."

About STWA, Inc. 

STWA, Inc. (OTCBB: ZERO) is an innovative company creating technology focused on energy efficiency of large-scale energy production and improved fuel economy for diesel fleets. The Company's Patented and Patent Pending technologies, including AOT™ (Applied Oil Technology), under development with Temple University, and ELEKTRA™ (for Improved Diesel Engine Efficiency), provide efficient and cost-effective means of improving the efficacy of crude oil transport and diesel engine efficiency to assist in meeting global increasing energy demands and emission quality standards. Applications include: (AOT™) Crude oil extraction & delivery systems, including oil platforms, oil fields and pipeline transmission systems. (ELEKTRA™) Diesel trucks, trains, marine vessels, military fleets and jet turbines.

More information including a company Fact Sheet, logos and media articles are available at: http://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.

Contact Information