STWA (ZERO) Holds 2014 Year End Earnings Conferenc
Post# of 94
Posted On: 03/17/2015 7:44:00 PM
STWA (ZERO) Holds 2014 Year End Earnings Conference Call
Save The World Air (“STWA”), d/b/a STWA, a California-based company providing the global energy industry with patent-protected industrial equipment to improve the performance of crude oil pipelines, today held its 2014 Year End Earnings Conference Call to inform investors of key developments over the past year.
Gregg Bigger, the company’s Chairman and CEO, summarized the most important accomplishments in a very busy year, including the fact that STWA achieved the first revenues in the company’s history, as it begins the critical transition from a pure play R&D company toward commercialization and diversification.
In working with a large midstream partner, involving 19 vendors and numerous engineers, STWA developed the company’s Applied Oil Technology (AOT) system for one of the largest pipelines in the U.S. The AOT system is based upon the science of electrorheology, and specifically the reduction of oil viscosity, improving core flow by aggregating particulate matter within the crude oil itself. This project represented an essential shift and milestone for the company, successfully moving the technology from a laboratory setting to a commercial environment, resulting in additional work and initial revenue generation.
2014 also saw the development of a new technology for the company, called STWA Joule Heat, and STWA is continuing to work to move this product into commercial application. STWA Joule Heat is an energy-efficient crude oil heating technology which improves flow and pipeline performance with less power and in a smaller form factor than existing trace heating solutions. Mr. Bigger explained that the goal of STWA Joule Heat is to replace inefficient heating systems from within the upstream oil and gas market. This contributes to the company’s goal of diversification, allowing it to work in both the upstream and midstream marketplace. The company has signed a joint development agreement to install an STWA Joule Heat system in the upstream market from within the state of Utah.
Mr. Bigger also emphasized that management will continue to improve STWA’s capital structure, looking at a variety of options over the next 6 months, and will keep investors informed. He indicated that, for example, the company wants to be in a position to make valuable strategic acquisitions.
A webcast replay link will be available in the “Investors” section of the STWA website at http://IR.STWA.com, and investors can listen to a replay by calling 877-660-6853 (International number: +1 201 612 7415) and using passcode 13603968. A transcript of the call is also available at Seeking Alpha via the following link: http://dtn.fm/stwa-earnings-call-2014-transcript.
For more information on the company, visit www.stwa.com
Please see disclaimer on the QualityStocks website: http://Disclaimer.QualityStocks.com
Save The World Air (“STWA”), d/b/a STWA, a California-based company providing the global energy industry with patent-protected industrial equipment to improve the performance of crude oil pipelines, today held its 2014 Year End Earnings Conference Call to inform investors of key developments over the past year.
Gregg Bigger, the company’s Chairman and CEO, summarized the most important accomplishments in a very busy year, including the fact that STWA achieved the first revenues in the company’s history, as it begins the critical transition from a pure play R&D company toward commercialization and diversification.
In working with a large midstream partner, involving 19 vendors and numerous engineers, STWA developed the company’s Applied Oil Technology (AOT) system for one of the largest pipelines in the U.S. The AOT system is based upon the science of electrorheology, and specifically the reduction of oil viscosity, improving core flow by aggregating particulate matter within the crude oil itself. This project represented an essential shift and milestone for the company, successfully moving the technology from a laboratory setting to a commercial environment, resulting in additional work and initial revenue generation.
2014 also saw the development of a new technology for the company, called STWA Joule Heat, and STWA is continuing to work to move this product into commercial application. STWA Joule Heat is an energy-efficient crude oil heating technology which improves flow and pipeline performance with less power and in a smaller form factor than existing trace heating solutions. Mr. Bigger explained that the goal of STWA Joule Heat is to replace inefficient heating systems from within the upstream oil and gas market. This contributes to the company’s goal of diversification, allowing it to work in both the upstream and midstream marketplace. The company has signed a joint development agreement to install an STWA Joule Heat system in the upstream market from within the state of Utah.
Mr. Bigger also emphasized that management will continue to improve STWA’s capital structure, looking at a variety of options over the next 6 months, and will keep investors informed. He indicated that, for example, the company wants to be in a position to make valuable strategic acquisitions.
A webcast replay link will be available in the “Investors” section of the STWA website at http://IR.STWA.com, and investors can listen to a replay by calling 877-660-6853 (International number: +1 201 612 7415) and using passcode 13603968. A transcript of the call is also available at Seeking Alpha via the following link: http://dtn.fm/stwa-earnings-call-2014-transcript.
For more information on the company, visit www.stwa.com
Please see disclaimer on the QualityStocks website: http://Disclaimer.QualityStocks.com
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