International Fuels News
Wednesday October 17 , 2007 9:00 AM Eastern Time
IFT’s Director of Science and Technology Honored as Part of the Team who Won the 2007 Nobel Peace Prize
ST. LOUIS, October 17, 2007 – International Fuel Technology, Inc. (IFT) (OTCBB: IFUE) today announced that the Company’s Director of Science and Technology, Sergio C. Trindade, is among a number of experts from many countries who contributed to the work of the Intergovernmental Panel on Climate Change (IPCC), the co-winner of this year’s Nobel Peace Prize.
This year’s Nobel Peace Prize was shared between former vice-president Al Gore and the IPCC. They were both honored for their contribution to raising the global awareness of the impacts of climate change on life on earth as we know it. The co-winners achieved their contribution in very different ways. The work of the IPCC – a panel of scientists and other experts from all over the world – relied on a peer-reviewed process gathering the latest knowledge available in making its judgments and recommendations.
Dr. Trindade was the Coordinating Lead Author of the opening chapter entitled “Managing Technological Change in Support of the Climate Change Convention: A Framework for Decision-making” of the IPCC report on “Methodological and Technological Issues in Technology Transfer.” The report was published in book form by Cambridge University Press in 2000 and summarizes work undertaken by a team of stakeholders during 1997-2000.
“IFT’s technology contributes to climate stabilization in many ways,” said Dr. Trindade. “It begins with the partly renewable composition of IFT products. The fuel savings feature, which provides its immediate commercial value for the customer, means that there is less emission of greenhouse gases per unit of work performed by the engines using IFT technology. The lower maintenance costs brought about by the use of IFT products translates into lower need for materials and services, which generate green house gases. The local environment also benefits from the use of IFT technology with diminished emissions of controlled substances, such as carbon monoxide, unburned hydrocarbons and particulate matter.”
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