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STWA Announces Strategic Partnership With Norront AS for AOT(TM) Distribution in Norway
STWA Announces Strategic Partnership With Norront AS for AOT(TM) Distribution in Norway.
About this update from Qs Energy, Inc.
[{"type":"text","content":"\nSTWA Announces Strategic Partnership With Norront AS for AOT(TM) Distribution in Norway\n\nSTWA Announces Strategic Partnership With Norront AS for AOT(TM) Distribution in Norway\n\n SANTA BARBARA, CA--(Marketwired - June 29, 2015) - Save The World Air, Inc., d/b/a STWA (the \"Company\") (OTCQX: ZERO), a developer of integrated technology solutions for the energy industry, today announced that it has entered into an exclusive agreement with Norrønt AS (\"NAS\") whereby NAS will have sole distribution rights for the Company's Applied Oil Technology™ (AOT™) to energy infrastructure in Norway.NAS' exclusive distribution agreement for the Norwegian energy industry provides STWA with comprehensive access to a target market in which its technologies have never before been deployed. NAS is currently engaged in discussions with various midstream entities operating in Norway, and is specifically targeting a new, major pipeline for AOT deployment. STWA and NAS also plan to combine the expertise of their respective engineering teams to modify AOT for subsea implementation. This would be the first time that STWA's technology would be engineered for subsea use, representing an opportunity to penetrate a major segment of the global energy industry.Greggory Bigger, STWA Chief Executive Officer and Chairman, commented, \"We are excited to be working with an energy consulting and engineering firm as reputable as Norrønt AS, and to gain unparalleled access to the Norwegian market. We are grateful to NAS for their aggressive marketing of our AOT technology and collaborative development into the subsea pipeline sector, which has been an untapped market for the Company. As we continue to make strides in moving from R&D to commercialization, we believe that this partnership will lead to ongoing AOT deployments that could result in substantial financial benefit for STWA and our shareholders.\"As a multidisciplinary consulting firm, Norrønt AS provides services in project management, technical consulting and engineering, and more. The firm strives to implement innovation, energy-efficient design and sustainable solutions. Its professional staff, which includes many employees with master's degrees and PhD's in engineering and science, possesses a diverse range of experience in project management and industrial engineerin...