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Press Release
STWA in Discussions
With Temple
University to Redefine Licensing Agreement and Further
Secure Technology Rights
MORGAN HILL, CA--(MARKET WIRE)--Jan
6, 2009 -- Save The World
Air, Inc. (OTC BB:ZERO.OB) today announced that it
is in discussions with Temple University to redefine and
secure the company's technology rights in preparation
for bringing the products to market in an expeditious
and responsible manner.
Cecil Bond Kyte, Chairman of Save The World Air, Inc.,
commented, "I recently traveled to Temple and met
personally with Steve Nappi, Director of Tech Transfer
Operations for the University. We had a productive discussion
regarding the current licensing agreement, our status
as it regards to payments, and how the licensing agreement
could be improved to benefit both STWA and Temple.
"Our initial discussions are focused
on extending the January 10th payment date and creating
a revised structure for future payment dates and amounts
due. We are very optimistic that the terms we finalize
will be in the best interest of our company and Temple
University."
Steve
Nappi, the University's Director of Tech Transfer
Operations, said, "Cecil Bond Kyte and I had a very
positive discussion on how we can best redefine our relationship
in a manner that benefits Temple University and provides
substantial opportunity for STWA. We discussed the new
team at STWA and the renewed focus and energy that is
driving the company. I look forward to working with Cecil
and his team, completing our negotiations and moving ahead
as quickly as possible."
Nappi came to Temple in May as the new
Director of Tech Transfer Operations, to help push technologies
through the patent and licensing process, and enable the
University's corporate partners to achieve success in
bringing these new products to market. Once licensed,
the technologies provide an important revenue stream to
Temple and its corporate partners.
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 is available at: www.stwa.com.
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.
Contacts:
IRTH Communications, LLC
Mark B. Moline
Managing Partner
760-458-4899
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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