International Fuels News
Thursday October 4 , 2007 9:00 AM Eastern Time
Nulon India Purchases 17 Tons of IFT’s DiesoLIFT™ 10
Successful commercial Introduction of DiesoLIFTTM 10 in the Indian Market Prompts Follow-on Order by this IFT Distributor
ST. LOUIS, October 4, 2007 – International Fuel Technology, Inc. (IFT) (OTCBB: IFUE) today announced that Nulon India Ltd., IFT’s distribution partner in India, has issued another purchase order for DiesoLIFT™ 10, IFT’s proprietary fuel additive formulation for diesel fuel. This follow-on order for 17 tons, or one shipping container, is in response to the commercial progress Nulon has made with IFT technology in the fuel additive market in India since partnering with IFT in February 2007.
"We have commenced extended field trials with two large road transport companies, one a government-owned company operating 24,000 buses and the other a private concern operating a fleet of 4,000 trucks and buses. Combined these two road transport companies have the potential to consume over 100 tons of DiesoLIFT™ 10 per month,” said Mr. Krishan Golyan, Managing Director of Nulon India Ltd. “Since most of the bus transportation in India is government-owned, commercial success with one operator should expeditiously lead to sales opportunities with the rest of the bus operators in India.”
“We are pleased with the progress Nulon is making in India,” said Gary Kirk, IFT’s Director of Sales and Marketing. “Nulon is currently selling DiesoLIFT™ 10 to a number of accounts and has lined up trials with some operators of large bus and truck fleets. We expect Nulon to generate a significant amount of revenue for IFT in 2008.”
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