Through the new deal, the parties will collaborate on the grant of exclusive rights and co-ownership of future intellectual property.
In March 2011, Stwa completed its final adjusted payment to Temple University covering its original obligations for its Applied Oil Technology for crude oil viscosity reduction and ELEKTRA for improved diesel engine efficiency.
The company also started negotiations with Temple to execute new licensing agreements.
Stwa is engaged in creating technology focused on energy efficiency of large-scale energy production and improved fuel economy for diesel fleets.
