International Fuels News
Monday June 19, 2006 8:00 AM Eastern Time
IFT Names Equipment Engineers, Inc. Its Philippines Distributor
ST. LOUIS, June 19, 2006 – International Fuel Technology Inc. (OTC BB:IFUE), IFT has appointed Equipment Engineers, Inc. to be its exclusive distributor in the Philippines. Equipment Engineers, Inc. (EE) is a principal provider of industrial equipment and systems in the Philippines and is a wholly owned subsidiary of EEI Corporation, a member of the Yuchengco Group of Companies. EE provides a broad range of industrial plant facilities, equipment, supplies and engineered systems to most of the major industries in the Philippines.
IFT’s DiesoLIFT™ product has demonstrated average fuel economy improvements of 7%, reduced emissions and improved performance in laboratory tests and field trials in diesel-fueled rail, over-the-road and stationary power generation applications in the U.S., Asia, South Africa and Europe.
“Our review of laboratory and field test data from the Philippines and elsewhere makes it clear that DiesolIFT can provide a substantial economic benefit to the end user and to us as a distributor,” said Hermie Morelos, Vice President and General Manager of EE. “We look forward to working with IFT and introducing all of our clients to IFT’s fuel performance technology.”
"Over a year of extensive field trials in the Philippines has clearly demonstrated the efficacy of our technology and the significant value proposition it offers in the marketplace," said Gary Kirk, IFT's Director of Sales and Marketing. "Collaborating with a partner of EE's stature and industry expertise is an important step on the path to commercialization of our technology in the Philippines."
International Fuel Technology is a fuel performance enhancement company focused on providing its technology to large, industrial consumers of liquid hydrocarbon-based fuels. Its family of patent-pending products uses surfactant technology to lower the fuel’s overall surface tension and act as a detergent in the fuel delivery system, significantly increasing fuel efficiency and reducing harmful emissions.
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