Last $0.47 USD
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As of 8:10 PM 03/5/15 All times are local (Market data is delayed by at least 15 minutes).

save the world air inc (ZERO) Snapshot

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03/21/14 - $0.95
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save the world air inc (ZERO) Details

Save The World Air, Inc., a development stage company, focuses on designing, developing, manufacturing, and commercializing energy efficiency technologies. Its energy efficiency technologies assist in meeting energy demands, enhancing the economics of oil extraction and transport, and reducing greenhouse gas emissions. Its intellectual property portfolio includes 47 domestic and international patents and patents pending, which have been developed in conjunction with and licensed from Temple University of Philadelphia, Pennsylvania. The company’s primary technology includes Applied Oil Technology, a commercial-grade crude oil pipeline transportation flow-assurance product for the midstream pipeline marketplace. It serves upstream producers, midstream transporters, and downstream refiners. The company was formerly known as Mandalay Capital Corporation and changed its name to Save the World Air, Inc. in February 1999. Save The World Air, Inc. was founded in 1998 and is based in Santa Barbara, California.

9 Employees
Last Reported Date: 03/17/14
Founded in 1998

save the world air inc (ZERO) Top Compensated Officers

Chairman, Chief Executive Officer, President ...
Total Annual Compensation: $290.0K
Compensation as of Fiscal Year 2013.

save the world air inc (ZERO) Key Developments

STWA Deploys AOT(TM) Viscosity Reduction System on Condensate Pipeline in Eagle Ford

Save The World Air, Inc. announced that it will shortly be commencing testing of its AOT (Applied Oil Technology) viscosity reduction system with a major midstream operator on a primary crude and condensate pipeline serving the Eagle Ford in South Texas. The deployment will measure the efficacy of AOT technology to reduce the viscosity of the condensate or ultra-light crude carried by the pipeline with independent testing to be conducted by ATS RheoSystems. Testing and analysis of the data is expected to begin in the first quarter of 2015 and be completed in the second quarter. Production of condensate has surged in recent years as a by-product of the use of enhanced oil recovery techniques to extract tight oil and gas from shale formations throughout North America and overseas. A mixture of liquid hydrocarbons, condensates form in underground reservoirs as a result of temperature and pressure changes caused by drilling. According to the Energy Information Administration, the U.S. currently produces 1.2 million barrels of condensate daily, with output projected to reach 1.6 million barrels per day by 2018.

Save the World Air, Inc. Appoints Thomas A. Bundros as Director

The board of Save the World Air, Inc. has appointed Thomas A. Bundros, effective January 20, 2015, to serve on the board as a new director until registrant's next annual meeting of shareholders or until his successor is elected and qualified. Mr. Bundros, at this time, has not been appointed to any committees of the board. Mr. Bundros duly accepted his appointment to the board on January 20, 2015. Mr. Bundros is currently the Chief Operating Officer of Dalton Utilities, located in Dalton, Georgia. There is no arrangement or understanding between Mr. Bundros and any other persons pursuant to which he was selected as a director of registrant.

Ryan Zinke to Resign from the Board of Directors of Save the World Air, Inc., Effective January 1, 2015

On November 6, 2014, Ryan Zinke informed to Save The World Air, Inc.'s Board of Directors that on November 4, 2014, he was elected to the United States House of Representatives, representing the state of Montana. Mr. Zinke then announced that as a result of his election he could no longer serve on company's Board. Mr. Zinke then tendered his resignation from the Board, effective January 1, 2015, advising that the date of his swearing in as a member of Congress is set for January 6, 2015.


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Price/Sales 352.9x
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