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Press Release
House approves the
'American Clean Energy and Security Act of 2009,' the
most sweeping energy reform package in decades
STWA Reviewing Viability of Stimulus Funds for its ELEKTRA™
and MagChargR™ Product Manufacturing
Department of Energy (DOE) Announces $256 Million Investment to Improve the Energy Efficiency of the American Economy
SANTA BARBARA, CA – June 30, 2009
-- Save the World Air, Inc. (OTCBB: ZERO), an innovative
pioneer in the clean technology industry focused on energy
efficiency and air quality issues, has begun the process
of reviewing grant funding available under the American
Recovery and Reinvestment Act of 2009. The Act allocates
$256 million for three main areas of concentration, one
of which includes Advanced Materials in Support of Advanced
Clean Energy Technologies and Energy-Intensive Processes,
which has been allocated $50 million.
“Recently the Obama administration
proposed sweeping new fuel economy standards for passenger
cars and light trucks, and with the passage of the American
Clean Energy and Security Act of 2009 through the house
recently, it is likely that this legislation will become
law,” stated Mr. Cecil Bond Kyte, Chairman and CEO
of Save The World Air, Inc. “Now, U.S. Department
of Energy (DOE) Secretary, Dr. Steven Chu has announced
plans to provide $256 million from the American Recovery
and Reinvestment Act to support energy efficiency improvements
in major industrial sectors throughout our economy. Funding
is targeted at reducing the energy consumption of U.S.
manufacturing and information technology industries, while
creating jobs and stimulating economic growth.”
At a press conference President Obama
was quoted as saying, “…. you take a look
at the national fuel efficiency standard that we put into
place -- I think it's fair to say that over the first
six months we've seen more action on shifting ourselves
away from our dependence on foreign oil and fossil fuels
than at any time in several decades.”
Mr. Kyte added, “STWA is
perfectly positioned to respond to this, as our products
address these issues directly. We plan to manufacture
in the U.S., and as it is the DOE’s intention to
help create manufacturing jobs quickly, along with jobs
for technicians and experts who will be needed in the
long-term to maintain and operate the new equipment, we
believe STWA can help lead the way with its ELEKTRA technology.”
The DOE will support research, development, and demonstration
projects for advanced industrial materials that can be
used in fuel flexibility programs, combined heat and power
technologies, energy intensive processes, and nanomaterials
and nanomanufacturing. This project is intended to help
the U.S. industrial sector increase competitiveness, while
rapidly introducing advanced technologies.
Secretary Chu was quoted as saying, “Supporting
the development of the latest industrial technologies
plays an important role in helping U.S. industry to lead
the world in energy efficiency and productivity.”
He added, “Working together with American manufacturing
and IT industries, we will be able to create new jobs,
reduce industrial energy use and limit damaging greenhouse
gas emissions.”
For more information on these opportunities and to view
the Funding Opportunity Announcements visit: www.energy.gov/recovery.
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.
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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