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STWA, Inc., a developer of applied solutions for oil and fuel delivery systems in the multi-billion dollar oil pipeline and diesel engine markets, announced that its commercialization partner China Bejing Heng He Xing Ye Technology Development Co. LTD, (TDC) has received and forwarded to the Company letters from PetroChina Pipeline R&D Center outlining plans for Phase II Field Loop Testing of STWA's AOT™ 1.2v. The letters, dated July 25th, 2012, discuss plans for tests to be conducted at the PetroChina loop line test site in Baodi, a district of Tianjin, China.
STWA CEO Mr. Cecil Bond Kyte stated, "We are proceeding on schedule for testing with PetroChina, the largest oil and gas distributor in China and one of the largest companies in the world. The strong and cooperative relationship that our commercialization partner TDC has with PetroChina is confirmed by the close communications and contingencies being put in place by PetroChina to assure that testing processes are seamless and efficient."
The letters from PetroChina R&D Center to Bejing Heng He Xing Ye Technology Development Co. LTD indicate that the renovation construction to facilitate the installation and testing of the AOT™ 1.2v at the loop line test site in Baodi is expected to be completed near the end of September 2012. Invitations have been extended to experts from the U.S. to visit the test site upon completion of the renovation construction. The groups will be cooperating with PetroChina's Renqiu Oilfield Testing Center, which is located approximately 200 kilometers from Baodi, to undertake on-site pipeline testing. Estimates were made that the installation and testing process would take between two to three weeks. To view the two letters, please visit PetroChina Letter 1 and PetroChina Letter 2.
Mr. Kyte added, "PetroChina's eagerness and commitment toward testing and advancing AOT™ is clearly evidenced first by the initial oil test site identified and now by an additional site secured, which confirms that testing will be completed as soon as possible in a move toward commercialization throughout China."
CPP testing is being conducted in conjunction with STWA's commercialization partner in China, TDC. As per the terms of STWA's Cooperation Framework Agreement, TDC is responsible for the full costs of implementing the testing and certification of AOT™ with CPP.
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