Earlier this morning, Save The World Air (“STWA”) announced that Thomas A. Bundros has been elected as an independent member of its Board of Directors, effective Friday, January 23, 2015.
“We’re delighted to welcome Tom to our Board and believe our organization will benefit greatly from his valuable counsel and insight, especially given his leadership experience in the petroleum transportation sector,” stated Greggory Bigger, STWA’s Chief Executive Officer and Chairman. “He is well-known, highly accomplished, and has extensive industry relationships that will help us as we look to grow our assets and enhance shareholder value in both the short and long-term.”
Mr. Bundros’ extensive industry experience includes serving as Chief Financial Officer at Colonial Pipeline Company, the world’s largest pipeline operator transporting 100 million gallons of refined petroleum products daily across 5,500 miles of pipeline. Mr. Bundros also held various financial positions in the Atlanta and New York offices of the Southern Company System, the 16th largest utility company in the world and the fourth largest in the U.S. with over 4 million customers in Alabama, Georgia, Florida, and Mississippi.
Currently Mr. Bundros holds the post of Chief Operations Officer for Dalton Utilities, a provider of electricity, natural gas, water and telecommunications services to the city of Dalton and portions of northwest Georgia. He earned his Master of Business Administration in Finance and Bachelor of Science in Economics and Business Administration at the University of North Carolina at Greensboro.
Mr. Bundros commented, “As a former pipeline industry Chief Financial Officer, I know firsthand that there are two primary drivers behind maximizing financial performance — increasing flow rate and decreasing energy consumption. I believe that STWA’s Applied Oil Technology and Joule Heat offerings can help transporters of crude oil achieve both.”
“Tom’s track record as a highly respected senior executive in the capital intensive energy sector is ideally suited to our mission of providing bottom line benefits to leading crude oil producers and pipeline operators,” Mr. Bigger added. “This is especially important today with the recent downward pressure on global oil prices, as there is a greater need to maximize efficiencies on a lower cost basis, precisely the benefits of Applied Oil Technology (AOT) and STWA Joule Heat.”
STWA is the developer of two types of patent-protected industrial equipment designed to deliver measurable performance improvements to crude oil pipelines. STWA’s flagship product AOT improves the economics of transporting crude oil by reducing the viscosity of oil in pipelines, addressing the enormous capacity inadequacies of domestic and overseas pipeline infrastructures that were designed and constructed prior to the current worldwide surge in oil production. STWA Joule Heat is an energy-efficient crude oil heating technology which applies an electrical field directly to oil in transit, improving flow and pipeline performance with less power and in a smaller form factor than existing trace heating solutions.
Mr. Bigger concluded, “Mr. Bundros is joining us at a time when the entire energy industry is looking to cut costs and invest in new technologies to accomplish that goal. This is a favorable environment for us, because we specialize in solutions that measurably improve the performance of the existing crude oil pipeline system, a global infrastructure that represents hundreds of billions of dollars of annual operational expenditures.”
For more information about Save The World Air, visit www.stwa.com.
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