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Proc-Type: 2001,MIC-CLEAR
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<SEC-DOCUMENT>0000950148-04-000951.txt : 20040521
<SEC-HEADER>0000950148-04-000951.hdr.sgml : 20040521
<ACCEPTANCE-DATETIME>20040521162806
ACCESSION NUMBER:		0000950148-04-000951
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20040520
ITEM INFORMATION:		Other events
FILED AS OF DATE:		20040521

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SAVE THE WORLD AIR INC
		CENTRAL INDEX KEY:			0001103795
		STANDARD INDUSTRIAL CLASSIFICATION:	WHOLESALE-HARDWARE & PLUMBING & HEATING EQUIPMENT & SUPPLIES [5070]
		IRS NUMBER:				522088326
		STATE OF INCORPORATION:			NV
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-29185
		FILM NUMBER:		04824486

	BUSINESS ADDRESS:	
		STREET 1:		29229 CANWOOD STREET
		STREET 2:		SUITE 206
		CITY:			AGOURA HILLS
		STATE:			CA
		ZIP:			91301
		BUSINESS PHONE:		818.865.3500

	MAIL ADDRESS:	
		STREET 1:		29229 CANWOOD STREET
		STREET 2:		SUITE 206
		CITY:			AGOURA HILLS
		STATE:			CA
		ZIP:			91301
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>v99297e8vk.htm
<DESCRIPTION>FORM 8-K - DATE OF REPORT: MAY 20, 2004
<TEXT>
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<TITLE>SAVE THE WORLD AIR, INC.</TITLE>
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<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>
<DIV style="font-family: 'Times New Roman',Times,serif">


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<P align="center" style="font-size: 14pt"><B>SECURITIES AND EXCHANGE COMMISSION</B>

<DIV align="center" style="font-size: 12pt"><B>Washington, D.C. 20549</B>
</DIV>

<P align="center" style="font-size: 10pt"><HR align="center" size="1" noshade width="26%">

<P align="center" style="font-size: 18pt"><B>FORM 8-K</B>


<P align="center" style="font-size: 10pt"><B>CURRENT REPORT</B>



<P align="center" style="font-size: 10pt"><B>PURSUANT TO SECTION 13 OR 15(d) OF THE<BR>
SECURITIES EXCHANGE ACT OF 1934</B>



<P align="center" style="font-size: 10pt"><B>Date of Report (Date of earliest event reported): May&nbsp;20, 2004</B>


<P align="center" style="font-size: 24pt"><B>SAVE THE WORLD AIR, INC.</B>



<DIV align="center" style="font-size: 10pt"><HR align="center" size="1" noshade width="100%"></DIV>


<DIV align="center" style="font-size: 10pt"><B>(Exact name of registrant as specified in charter)</B></DIV>


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<TR valign="bottom">
    <TD align="center" valign="top"><B>Nevada</B>
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><B>0-29185</B>
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><B>52-2088326</B></TD>
</TR>

<TR style="font-size: 1px">
    <TD align="center" valign="top"><HR size="1" noshade>&nbsp;
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><HR size="1" noshade>&nbsp;
</TD>
    <TD>&nbsp;</TD>
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<TR valign="bottom">
    <TD align="center" valign="top"><B>(State or other<BR>
jurisdiction of<BR>
incorporation)</B>
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><B>(Commission File<BR>
Number)</B>
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><B>(IRS Employer<BR>
Identification No.)</B></TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


 <P><BR>
<P align="center" style="font-size: 10pt"><B>5125 Lankershim Boulevard, North Hollywood, California 91601</B>



<DIV align="center" style="font-size: 10pt"><HR align="center" size="1" noshade width="100%"></DIV>


<DIV align="center" style="font-size: 10pt"><B>(Address of principal executive offices) &nbsp;&nbsp;(Zip Code)</B></DIV>



<P align="center" style="font-size: 10pt"><B>Registrant&#146;s telephone number, including area code: (818)&nbsp;487-8000</B>


 <P><BR>
<P align="center" style="font-size: 10pt"><HR align="center" size="1" noshade width="100%">


<DIV align="center" style="font-size: 10pt"><B>(Former name or former address, if changed since last report)</B></DIV>



<P>
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<P align="center" style="font-size: 10pt">&nbsp;
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">








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<A name="toc"><DIV align="CENTER" style="page-break-before:always"><U><B>TABLE OF CONTENTS</B></U></DIV></A>

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</TR>
<TR><TD></TD><TD colspan="8"><A HREF="#000">Item&nbsp;5. Other Events.</A></TD></TR>
<TR><TD colspan="9"><A HREF="#001">SIGNATURES</A></TD></TR>
</TABLE>
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<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>






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<DIV align="left"><A NAME="000"></A></DIV>

<P align="left" style="font-size: 10pt"><B>Item&nbsp;5. Other Events.</B>


<P align="left" style="font-size: 10pt">The Company&#146;s current primary focus remains on research and development of
proprietary devices that can be installed on motor vehicles and which are
designed to reduce harmful emissions, improve fuel efficiency and improve
performance. Our prototype device, called &#147;ZEFS&#148;, intended to significantly
reduce hydrocarbon and carbon monoxide emissions, while significantly
increasing fuel economy. We have devoted the bulk of our efforts to complete
the design and development of our production models and raise the financing
required to do so.


<P align="left" style="font-size: 10pt">In December&nbsp;2002, we retained the RAND Corporation to study the validity and
market potential of our technology. RAND determined that sufficient
theoretical basis exists to warrant entry into a comprehensive product testing
program. In May&nbsp;2003, we entered into an arrangement in which RAND would
coordinate and supervise both a theoretical scientific study of the concepts
underlying the ZEFS device as well as an empirical study. We are presently
engaged in independent laboratory testing of the ZEFS technology premise in
order to gain better market acceptance by automobile manufacturers and
governmental regulatory officials. We intend to continue our research and
development efforts for the remainder of 2004.


<P align="left" style="font-size: 10pt">In addition, the Company has also begun preliminary research and development
into the relationship between magnets and fuel viscosity. The Company has had
successful initial test results in reductions of viscosity in gasoline and is
continuing testing in this area. If the Company is successful in this area, it
may be able to obtain certification for this technology from the United State
Environmental Protection Agency.


<P align="left" style="font-size: 10pt">The Company believes that magnets may work on other fuels as well. Additional
peer review is required in this field to determine the potential and
desirability for commencing more active research and development.


<P align="left" style="font-size: 10pt">In May&nbsp;2004, the Company filed a provisional patent application in Australia
for this technology.


<P align="left" style="font-size: 10pt">The Company&#146;s continued research and development on its ZEFS prototype and any
research and development in the field of magnets and viscosity, as well as the
ability to continue to fund operations during its pre-revenue phase, will
require additional funding during 2004. While the Company is actively looking
at funding possibilities, no assurance can be given that any funding will be
available or, if it is available, that it will be on terms favorable to the
Company. The Company&#146;s failure to obtain necessary funding would have a
material adverse effect on the Company&#146;s ability to continue its research and
development and on its ability to meet its expenses as they come due.



<P align="center" style="font-size: 10pt">&nbsp;
</DIV>

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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">



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<DIV align="left"><A NAME="001"></A></DIV>

<P align="center" style="font-size: 10pt">SIGNATURES



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.


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</TR>
<TR>
    <TD valign="top">Date: May 21, 2004                     &nbsp;</TD>
    <TD colspan="3"><B>SAVE THE WORLD AIR, INC.</B><BR>
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD>&nbsp;</TD>
    <TD valign="top">By:&nbsp;&nbsp;</TD>
    <TD colspan="2" style="border-bottom: 1px solid #000000">/s/ Eugene E. Eichler
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="2">Eugene E. Eichler&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="2">President and Chief Financial Officer&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
</TABLE>


<P align="center" style="font-size: 10pt">&nbsp;
</DIV>


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