ST. LOUIS--(BUSINESS WIRE)-- International Fuel Technology, Inc. (IFT) (OTCBB: IFUE) announced that its participation in the InnoTrans Rail Fair in Berlin, Germany, the world’s largest rail show, proved successful in capturing additional rail opportunities. Distribution partner Unipart Rail (http://www.unipart.co.uk) and IFT’s pending distribution partner for Africa, along with IFT, combined to have joint booths and a strong presence at the show. Our partners were instrumental in introducing and promoting IFT to many of their respective rail contacts and clients who were also attending the conference.
InnoTrans 2012 in Berlin was an opportunity for IFT and its distribution partners to meet again with, or get introduced to, the most significant rail industry players:
- rail operators - three operators confirmed during the show their decision to conduct field validation programs with IFT’s diesel additive technology;
- rolling stock leasing companies; and
- engine and locomotive manufacturers.
“Rail has again become a leading mode of transportation for the present and the future. The growing level of knowledge and interest in our superior performing fuel additive technologies from rail operators is evident,” said Axel Farhi, IFT’s Director of Global Business Development. “The InnoTrans Rail Conference provided us with the opportunity to finalize numerous field validation projects and secure commitments to run field validation processes from additional new rail operators. The continued efforts and support from our distribution partners has been, is and will always be critical to our success in identifying and seizing such commercial opportunities.”
IFT believes it has the top performing fuel additive formulation for improving fuel economy in the marketplace. IFT has extensive test, field trial and end user data in the rail industry to confirm that use of DiesoLiFT™ 10, IFT’s proprietary fuel additive formulation for use with diesel fuel and bio-diesel fuel blends, will improve fuel economy, on average, by 5%.
About International Fuel Technology, Inc.
IFT is a fuel performance enhancement company focused on providing its technology to large, industrial consumers of diesel fuel and bio-diesel fuel blends in the rail, stationary power generation and road transport industries.
IFT has two primary product lines, DiesoLiFT™ 10 and the PerfoLiFT™ BD-Series.
DiesoLiFT™ 10 is IFT’s proprietary fuel additive formulation for use with diesel fuel and bio-diesel fuel blends. The product has been scientifically proven to provide a significant improvement in fuel economy and a reduction in harmful emissions. In addition, DiesoLiFT™ 10 increases fuel lubricity, provides detergency benefits and co-solves normal amounts of free water, which collectively reduce maintenance costs for the end user. The product is easy to use, only splash blending is needed, and its use has been proven to have no effect on fuel composition, make-up or standard specification.
The PerfoLiFT™ BD-Series is a series of fuel additive formulations specifically developed to provide superior oxidation stability and deposit formation control to bio-diesel and bio-diesel fuel blends.
Safe Harbor Statement
Some statements contained in this release may be forward-looking within the meaning of the safe harbor clause of the Private Securities Litigation Reform Act of 1995 including, but not limited to, statements as to commercialization of the Company's products and business development activities. 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, the Company's ability to generate revenues and other factors as described in the Company's literature and filings with the Securities and Exchange Commission.
Further information on DiesoLiFT™ and the PerfoLiFT™ BD-Series may be found at IFT’s website at: www.internationalfuel.com.
International Fuel Technology, Inc.
Stuart Beath, 314-863-3000 x417
Chief Financial Officer
Source: International Fuel Technology, Inc.