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Press Release
STWA Completes First
Installment Payment to Temple University
MORGAN HILL, CA--(MARKET WIRE)--Jan
28, 2009 -- Save The World
Air, Inc. (OTC BB:ZERO.OB) today announced that it
has completed its first payment to Temple University,
in compliance with the terms of the agreement reached
earlier this month which redefined and reestablished certain
of the company's technology rights with Temple University,
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, "Satisfying
the outstanding license agreement issues with Temple was
the Company's highest priority over the last several months.
We have now completed our first of three installments
and are continuing to move ahead with our plans for commercializing
this technology and bringing products to market."
Steve Nappi, the University's Director
of Tech Transfer Operations, said, "We are very pleased
that Cecil and his team have satisfied the first tranche
of payments to the University. Temple is looking ahead
to a long term, mutually beneficial relationship."
The extension pertains to the four licensing
agreements issued to STWA from Temple, beginning July
1, 2004.
The 'Cure Period' extension expires
on March 31, 2009 and is contingent upon the company meeting
its obligations under the new payment schedule. The Company
issued an 8K filing previously, which details the four
agreements and the new payment schedule.
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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