SANTA BARBARA, CA — (Marketwired) — 08/07/13 — (OTCBB: ZERO) (“STWA” or the “Company”), a developer of for oil and fuel delivery systems in the multi-billion dollar global energy market, announced today that Don Dickson has been elected as an independent member of its Board of Directors.
Mr. Dickson currently serves as Chief Executive Officer for (APS), provider of a full range of services to the oil and gas industry. APS–s core business areas are in the construction of new pipelines and facilities, horizontal directional drilling, pipeline painting, coating, integrity, and rehabilitation. Prior to APS, Mr. Dickson had a 26-year career with , an NYSE listed North American energy transportation company in their natural gas operations. Additionally, Mr. Dickson has served as Director of Operations with where he completed various onshore and offshore oil and gas wells throughout the U.S. He was also Senior Engineer with . Mr. Dickson earned his B.S. in Engineering from Oklahoma State University.
“As an oil and gas industry veteran, specifically with pipeline experience, Don brings tremendous value to our board and our Company,” stated STWA President and CFO Gregg Bigger. “His deep experience leading companies and operations in the oil and gas industry will be a great resource to us at this time, as we implement our first commercial installation of AOT.”
STWA Chairman and CEO Cecil Bond Kyte commented, “The evolution of our Company has come to the point where we are positioned to attract and benefit from adding an executive with strong oil and gas industry experience to our board. We look forward to Don–s insights and guidance as STWA transforms the transportation of oil globally.”
AOT Viscosity Reduction Systems are a suite of commercial crude oil pipeline flow assurance products designed to be installed at pipeline pump stations in the upstream, gathering and midstream sectors.
AOT technology reduces the viscosity of crude oil without the need for heat, chemical or polymer additives. 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. 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.
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 47 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: .
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.
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