Last $0.70 USD
Change Today +0.006 / 0.87%
Volume 87.6K
ZERO On Other Exchanges
Symbol
Exchange
OTC BB
Berlin
As of 8:10 PM 07/25/14 All times are local (Market data is delayed by at least 15 minutes).

save the world air inc (ZERO) Snapshot

Open
$0.69
Previous Close
$0.69
Day High
$0.70
Day Low
$0.67
52 Week High
08/5/13 - $1.88
52 Week Low
05/23/14 - $0.64
Market Cap
126.2M
Average Volume 10 Days
131.5K
EPS TTM
$-0.08
Shares Outstanding
180.6M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for SAVE THE WORLD AIR INC (ZERO)

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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

Save The World Air, Inc. Enters into Equipment Lease/Option to Purchase Agreement with Kinder Morgan Crude & Condensate, LLC

On July 15, 2014, Save The World Air, Inc. entered into an equipment lease/option to purchase agreement with Kinder Morgan Crude & Condensate, LLC, dated effective as of July 15, 2014. In accordance with the terms and conditions of the agreement, Kinder Morgan has agreed to lease, install, maintain, operate and test the effectiveness of the company's AOT technology and equipment on one of Kinder Morgan's operating pipelines. The agreement provides for, among other things, the company to deliver the equipment to Kinder Morgan, at the company's expense, to a location designated by Kinder Morgan, by a date no later than December 31, 2014, and for the equipment to be installed and placed in operation by Kinder Morgan, at Kinder Morgan's expense, on the date that the equipment's direct current power supply is successfully energized by the company, following an installation pre-startup safety review by Kinder Morgan, which shall be completed by Kinder Morgan no later than thirty days following the company's delivery and Kinder Morgan's acceptance of the equipment. The initial term of the Agreement is four months, commencing on the Commencement Date. On sixty days' written notice prior to the expiration of the Initial Term, Kinder Morgan has an option to extend the Lease for a minimum of twelve months and a maximum of eighty-four months. The Agreement further provides that Kinder Morgan, during the Initial Term and Extended Term, if any, shall have an option to purchase the Equipment for a fixed price during the Initial Term of $1,200,000. If Kinder Morgan extends the lease for twelve months, Kinder Morgan may, at its option, at the expiration of the twelve month extended term, purchase the equipment for $1,050,000. If Kinder Morgan extends the Lease for eighty-four months, the purchase price for the Equipment at the expiration of the eighty-four month extended term shall be $600,000. If the Lease is extended for any period of time greater than twelve months up to a maximum of eighty-four months, the purchase price shall be equal to $1,050,000, less the sum of $6,250 for each month during any such extended term through the date of purchase. Lease payments shall commence on the Commencement Date and be made during both the Initial and Extended Terms of the Lease at the rate of $20,000 per month; provided however, that in the event the Equipment is removed from service at its initial location during the Initial Term, the monthly lease payments shall be reduced to $5,000 until the Equipment is placed back in service at its new location, at which time the Lease payments shall resume at $20,000 per month. The Agreement further provides that title and ownership of the Equipment shall remain at all times with the Company, unless purchased by Kinder Morgan. During the Initial Term, either the Company or Kinder Morgan may terminate the Agreement for any reason on forty-five (45) days' written notice.

STWA, Inc. Announces Strategic Partnerships for Investor Relations and Investment Banking

STWA, Inc. announced strategic partnerships for investor relations, corporate communications and investment banking with Stonegate Securities and McGuinness Communications. These partnerships leverage a wealth of experience to fuel STWA's emerging recognition as a technology innovator in the oil production industry.

Save the World Air, Inc. Auditor Raises 'Going Concern' Doubt

Save the World Air, Inc. filed its 10-K on Mar 17, 2014 for the period ending Dec 31, 2013. In this report its auditor, Weinberg & Company, P.A., gave an unqualified opinion expressing doubt that the company can continue as a going concern.

 

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