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  • STWA, Inc. (ZERO) Awards Temple University Research Funding For Continued Pipeline Technology Development 0 comments
    Mar 27, 2012 2:14 PM | about stocks: ZERO
    STWA, a developer of energy efficiency technologies in the multi-billion dollar oil pipeline and diesel engine markets, announced today that Temple University would be awarded $500,000 to fund research pursing further advancements to STWA's exclusively licensed oil pipeline technology. World-renowned physicist, Dr. Rongjia Tao will lead the research team throughout the collaborative R&D process between STWA and Temple University.

    "We have a very productive collaborative arrangement with Dr. Tao and Temple University. The current development and licensing agreement has led to completion of some of our critical milestones in successfully testing AOT(NYSE:TM) with the United States Department of Energy. We believe we will achieve additional significant technology milestones during the perpetuity of our agreement," noted STWA Chairman and CEO, Mr. Cecil Bond Kyte. "As we outline our future R&D goals, we see Dr. Tao and Temple University continuing to work together with us in co-development. STWA and Temple shall jointly own intellectual property created jointly by the parties. This is a great example of how private industry and the scientific talent at a university can come together to advance America's industrial competitiveness and energy security."

    Stephen G. Nappi, Director of Technology Development and Commercialization at Temple University added, "Funding to conduct research related to AOT(TM) will help keep Temple University and STWA at the forefront of innovation in the oil pipeline market. Coupling this research program with STWA's exclusive license agreement provides an opportunity to bolster our intellectual property portfolio for the benefit of both parties."

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