International Fuels News
Tuesday March 4, 2008 9:00 AM Eastern Time
DIESOLIFT™ 10 demonstrates 5% fuel economy improvement in road transport field trials in India
NULON INDIA, IFT’S distribution partner in India, expects 300 tons of DiesoLIFT™ 10 to be purchased by end users in the next 12 months
ST. LOUIS, March 4, 2008 – International Fuel Technology, Inc. (IFT) (OTCBB: IFUE) today announced that Nulon India, IFT’s distribution partner in India, recently completed extensive field trials with a number of major road transport companies. Each trial was successful and demonstrated that use of DiesoLIFT™10 increased fuel economy by over 5%.
“We are not aware of any fuel additive formulation in the market today that even comes close to the fuel economy improvement demonstrated by DiesoLIFT™10 in road transport engines,” said Mr. Krishan Golyan, Managing Director of Nulon India. “DiesoLIFT™10 was used in a variety of engines and a number of different applications (for example, city buses, long haul trucks and heavy equipment), and consistently demonstrated the ability to achieve over 5% improvement in fuel economy. Because of the success of these trials, we expect to begin realizing revenues from these road transport companies in the second quarter of 2008. Over the next 12 months we project sales of DiesoLIFT™10 to our clients in India to exceed 300 tons.”
“The most important selling point we have is the value proposition that DiesoLIFT™10 provides to the end user,” continued Mr. Golyan. “Wholesale diesel prices in India are approximately $3.30 per gallon. A 5% fuel economy improvement equates to gross savings of $.165 per gallon.”
“DiesoLIFT™10 continues to demonstrate its extraordinary value proposition to end users of diesel fuel,” said Gary Kirk, IFT’s Director of Sales and Marketing. “The benefits of our technology have been demonstrated again and again at prominent independent test facilities all over the world. The benefits of our technology have been validated in numerous field trials all over the world. We are at the point in our progress where the body of evidence demonstrating the fuel efficiency gains by using DiesoLIFT™10 is irrefutable.”
“We expect IFT to realize revenues from the sale of DiesoLIFT™10 to the rail industry in 2008,” said Jonathan Burst, IFT’s CEO. “The rail application has been our primary focus since inception, so completing extensive R&D work and advancing to the field validation trial stage is a significant milestone for IFT. The value proposition we offer to the rail industry is irrefutable and will also contribute to improving our planet for generations to come.”
NOTE: Statements contained in this web site that are not strictly historical are forward-looking within the meaning of the safe harbor clause of the Private Securities Litigation Reform Act of 1995. Editors and investors are cautioned that such forward-looking statements involve risks and uncertainties that may cause the Company’s actual results to differ materially from such forward-looking statements. These risks and uncertainties include, but are not limited to, demand for the Company’s product both domestically and abroad, the Company’s ability to continue to develop its market, general economic conditions and other factors that may be more fully described in the Company’s literature and any periodic filing with the Securities and Exchange Commission.
