International Fuel Technology, Inc. Granted Patent for its Fuel Additive Formulation for Fuel Efficiency
ST. LOUIS, June 16, 2011 – International Fuel Technology, Inc. (IFT) (OTCBB: IFUE) announced that it has been granted a patent by the Patent Office. The patent covers IFT’s primary fuel “additive formulation, additive-containing fuel compositions and the method of manufacture.”
“This is a landmark for IFT,” said Dr. Sergio C. Trindade, IFT’s Director of Science and Technology and Nobel Co-Laureate. “For the Patent Office to conclude that our fuel additive for improving fuel efficiency is a unique and novel enough chemical formulation worthy of a patent, speaks volumes about its underlying science and efficacy.”
Since inception, IFT has dedicated itself to improving upon the superior functionality and performance of its fuel additive formulations. In order to protect those chemical formulations, IFT has both pursued patents and operated under trade secret agreements, and will continue utilizing both methods going forward. Each patent granted establishes an enforceable deterrent to copycats and further distances IFT from its competition, while ensuring clients of IFT’s high quality and superior technology. This is the second patent that has been granted to IFT.
IFT will continue to further advance and improve its chemical formulations to maintain what it believes to be the top performing technology in the market today for improving fuel efficiency, which also reduces maintenance costs due its higher lubricity, detergency and water co-solvency.
Patent protection is currently being sought in selected countries worldwide. The issuance of this patent will likely expedite the process in obtaining patents where IFT has submitted applications.
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