SOURCE: Save The World Air, Inc.
STWA Provides Business Development and Milestone Update
Highlights Include Key Developments in Commercialization of Company's Proprietary Energy Efficiency and Air Quality Technologies
SANTA BARBARA, CA--(Marketwire - June 23, 2009) - Save the
World Air, Inc. (
"The Company has worked diligently to position itself as a leading player in the multi-billion dollar energy efficiency market with its technologies," stated Mr. Cecil Bond Kyte, Chairman and CEO of Save The World Air, Inc. "The milestones we have achieved over the past six months show how we plan to address this market, and how we see the market developing in the state of California and nationally under the Obama Administration."
Recently achieved milestones, in chronological order:
-- The Company highlighted how its products could support truck
owner/operators in regards to the recent passage in California of the
nation's toughest regulations to cut diesel pollution from over the road
trucks. This legislation is set to slash greenhouse gases and fight global
warming
-- The Company announced the addition of respected electrical engineer
Dr. Luke Turgeon, PhD, P.E., formerly with AT&T Bell Labs
-- Company redefined its licensing agreement with Temple University --
initial payment completed under extended 'cure' period
-- ELEKTRA™ receives nationwide media coverage -- highlighted in
Popular Science
-- Company names new Chief Executive Officer, Mr. Cecil Bond Kyte
-- MagChargR™ receives California Air Resource Board (CARB) approval -
-- California standard recognized at national level, clearing product for
sale in all 50 States
-- Company receives an initial Order for Its MagChargR Product
-- "Go to market" strategy developed for MagChargR and ELEKTRA products
-- Company enters into agreement for marketing its ELEKTRA technology to
tractor trailer truck and other heavy diesel truck operators. Agreement
identifies 5 named account fleets totaling 41,000 trucks. Agreement also
covers one of North America's largest employee unions, with nearly 1,900
affiliates and 1.4 million members throughout the U.S., Canada and Puerto
Rico
-- STWA receives Senate Resolution from the Honorable Tony Strickland of
California District 19 -- presented to company at its newly relocated Santa
Barbara offices
-- Company enters into NDA with PERA Innovation Limited, a leading UK-
based business support organization, which maintains relationships with
more than 350 global multi-national companies, regarding oil pipeline
technology
-- Temple University report verifies benefits of applying STWA's ELEKTRA
technology for reducing the viscosity of crude oil. Technology could
reduce the cost of oil extraction and transportation
"The current administration, both nationally and at our state level in California, has set the environmental compliance bar very high. This is something that was lacking in the previous administration's policies, and it is serving as a catalyst that is driving increased interest in STWA and its technology," continued Mr. Kyte. "When I first got involved with this company as an investor I was convinced that the technology was something that could address a very serious problem. For the first time since my involvement I can clearly see the vision unfolding and the results of many years of hard work from supportive shareholders, to effective management and consultants."
"Next on our agenda is to finish final testing of the ELEKTRA so that we can get a product into production as soon as possible. We understand the importance of getting this product to market. We are convinced the ELEKTRA will deliver savings in fuel costs and a reduction in emissions; now it's about meeting and exceeding our customers' expectations of the product and our investors' expectations for this company," concluded Mr. Kyte.
About Save The World Air, Inc.
Save The World Air, Inc. develops and licenses patented and patent pending flux field pollution control and performance improvement technologies, including the ELEKTRA, ZEFS and MKIV, which have been scientifically tested and proven to significantly reduce harmful exhaust emissions, improve performance and enhance fuel economy. The products have been engineered to serve as either stand alone pollution control systems or can be used (in conjunction with catalytic converters) to create a more effective total pollution control system that not only reduces harmful emissions, but also decreases greenhouse gases, improves fuel efficiency and boosts performance.
More information including a company Fact Sheet, logos and media articles are available at: http://www.irthcommunications.com/clients_ZERO.php, and at: http://www.magchargr.com.
Follow STWA on Twitter: http://www.twitter.com/stwainc
Follow STWA on Facebook: http://www.facebook.com/group.php?gid=50849493541
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.
Mark B. Moline
Managing Partner
760-458-4899
Email Contact
http://www.irthcommunications.com
http://www.twitter.com/irthcomm
Save The World Air, Inc.
Charles R. Blum
President
323-932-7040


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