International Fuels News
Tuesday July 31 , 2007 9:00 AM Eastern Time
Schnuck Markets Purchases IFT’s DiesoLIFT™ 10 for Entire Distribution Fleet
ST. LOUIS, July 31, 2007 – International Fuel Technology, Inc. (IFT) (OTCBB:IFUE) announced today that Schnuck Markets, Inc. has purchased IFT’s DiesoLIFT™ 10 for use in its entire distribution fleet. The purchase order follows a successful four-month field trial in which IFT demonstrated the efficacy of DiesoLIFT™ 10, IFT’s proprietary fuel additive formulation for use with diesel fuel. During the field trial, Schnucks realized an overall fuel economy improvement of greater than 6% in its fleet of approximately 100 trucks.
“With such a large fleet, we are constantly seeking ways to reduce fuel consumption, cut back on emissions, and make our fleet more efficient,” said Steve Carroll, Schnuck Markets Director of Transportation. “IFT’s DiesoLIFT™ technology has provided a significant boost to our fleet’s overall fuel economy, which translates to immense savings on our annual fuel costs that can then be passed on to our customers. IFT’s products have also been easy to implement and fit perfectly with Schnucks ongoing commitment to having one of the most fuel-efficient fleets in the country.”
“At Schnucks, we constantly monitor fuel economy data for our fleet using our computer-based fuel management system, which enabled us to accurately track the effect of DiesoLIFT™ 10 on the fuel consumption of each individual truck,” said Kevin Redell, Schnuck Markets Fleet Maintenance Manager. “The results we have seen since implementing DiesoLIFT™ 10 in our fleet have been remarkable and we look forward to continuing our relationship with IFT moving into the future. We are convinced that DiesoLIFT™ 10 is one of the most effective fuel-efficiency additives on the market.”
“The success of this trial process and the purchase order by Schnucks speak volumes about the efficacy of IFT products and is a clear indication of the progress we are making with over-the-road fleets in the United States,” said Paul Lee, IFT Director of North American Road Transportation. “In addition to Schnucks, there are a number of additional projects and opportunities with centrally-fueled fleets in North America that should result in revenues to IFT in 2007. Our goal is to deliver the multiple benefits and cost savings provided by IFT technology to as many end users as possible.
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