International Fuel Technology, Inc. (IFT) has developed a number of proprietary fuel additives and resulting fuel blends that significantly increase fuel economy and fuel lubricity, and reduce harmful emissions. Unlike traditional fuel additives, which are primarily derived from petroleum, IFT's proprietary technology is based entirely on surfactant chemistry, a complex mixture of detergent substances which, when blended into gasoline or distillates, positively alter the chemical make-up of the fuel, creating a fuel with a more complete and efficient burn with higher lubricity.
Business Description
As an emerging leader in the fuel science industry, International Fuel Technology markets a series of multi-functional fuel additives proven to deliver impressive performance enhancements in a variety of market applications.
Our formulations effectively prolong engine life, keep fuel systems at peak cleanliness, reduce maintenance costs, reduce emissions, and deliver compelling fuel economy increases, helping our customers to effectively combat the rising cost of fuel. Equipped with our high-volume manufacturing capability, global distribution network, and world-class technical staff, IFT has embarked on a mission to bring these innovative products to companies all over the world.
Company Officers
| Jonathan R. Burst | President, CEO |
Shareholders
| Shareholders of Record | 1,663 | a/o Mar 31, 2011 |
Share Structure
| Market Value1 | $21,379,804 | a/o Nov 22, 2011 |
| Shares Outstanding | 112,525,284 | a/o Nov 11, 2011 |
http://www.otcmarkets.com/stock/IFUE/company-info LATEST NEWS:
International Fuel Technology, Inc. Expanding Rail Progress to Belgium
The National Railway Company of Belgium (SNCB) to Commence Field Validation Of DiesoLiFT(TM) 10
ST. LOUIS,
Nov 17, 2011 (BUSINESS WIRE) -- International Fuel Technology, Inc. (IFT) (OTCBB:
IFUE) announced that it is making dramatic progress in opening up markets in both Western and Eastern Europe for its breakthrough diesel fuel additives. To date, the most significant commercialization successes have been in the U.K., where extensive laboratory testing and field usage have consistently demonstrated the fuel economy benefits provided by DiesoLiFT(TM) 10. Multiple sales orders for DiesoLiFT(TM)10 have already been filled. Sales to the U.K. rail market are expected to grow rapidly in the years ahead aided by the affiliation with Unipart Group, the U.K.'s premier distributor to the rail industry. The market for DiesoLiFT(TM) 10 in the U.K. rail industry alone is estimated at $15 million.
IFT's German-based distribution partner, Nordmann Rassmann's ("NRC"), is making significant progress with Eastern European-based rail operators. Among them, both Romanian rail operator Regiotrans SRL and Polish rail operator PKP LHS have commenced field validation programs using DiesoLiFT(TM) 10. Nordmann Rassmann has generated sales volumes this year and continues to develop a growing number of business opportunities.
Now IFT is moving into Belgium. The National Railway Company of Belgium (SNCB) has signed a memorandum of understanding (MOU) to conduct a formal field validation process on their own equipment under their supervision. The testing is designed to confirm the fuel economy benefits of DiesoLiFT(TM) 10. SNCB (http://www.b-rail.be/main/) was founded in 1926 and is responsible for all of the rail operations, both passenger and freight, in Belgium. On an annual basis, SNCB handles over 200 million passengers and hauls approximately 60 million tons of freight.
"The compelling conclusions from extensive laboratory and field testing completed in the U.K. have garnered the attention of rail operators and other major industry users of diesel fuel around the world," said Axel Farhi, IFT's Director of Global Business Development, "and we anticipate a continuation of the growing interest in our products."
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(TM) 10 and the PerfoLiFT(TM)BD-Series.
DiesoLiFT(TM) 10 is IFT's proprietary surfactant-based 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(TM) 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(TM) 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(TM) and the PerfoLiFT(TM) BD-Series may be found at IFT's website at: www.internationalfuel.com.
http://www.otcmarkets.com/stock/IFUE/news 10Q - Nov 14, 2011
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=8242586 Basis of Presentation
International Fuel Technology, Inc. ("IFT") is a company that was incorporated under the laws of the State of Nevada on April 9, 1996. We have developed a family of fuel additive product formulations. These unique fuel blends have been created to improve fuel economy, enhance lubricity (reducing engine wear and tear) and lower harmful engine emissions, while decreasing reliance on petroleum-based fuels through the use of more efficient, alternative and renewable fuels.
We began transitioning from a development stage technology company to a commercial entity during 2002 and have been increasing our product marketing and sales efforts since. We are now focused on continuing to develop the body of evidence of the efficacy of our products applicable to a wide range of markets and industries within these markets through additional industry specific laboratory testing and customer field-based demonstration trials. In addition, we are continuing to strengthen our distributor and customer contact base. Marketing and sales efforts, in conjunction with the additional industry specific testing, will complete our transition to a commercial enterprise.
The interim financial statements included herein have been prepared by IFT, without audit, pursuant to the rules and regulations of the Securities and Exchange Commission ("SEC"). Certain information and footnote disclosures normally included in financial statements prepared in accordance with U.S. generally accepted accounting principles ("GAAP") have been condensed or omitted pursuant to such rules and regulations, although we believe that the disclosures are adequate to make the information presented not misleading.
These statements reflect all adjustments, consisting of normal recurring adjustments, which in the opinion of management are necessary for fair presentation of the information contained therein. Interim results are not necessarily indicative of results for a full year. We suggest that these financial statements be read in conjunction with the financial statements and notes thereto included in our annual report on Form 10-K for the year ended December 31, 2010 (the "2010 10-K"). We follow the same accounting policies in preparation of interim reports as we do in our annual reports. We have evaluated subsequent events through November 14, 2011, the date these financial statements were issued.
Overview
We are a fuel performance enhancement technology company transitioning to a commercial enterprise. We believe the macro economic environment for our technology and products is excellent now and will continue to be so for the foreseeable future. We believe ever-increasing fuel environmental regulations will likely result in increased demand for additive products to help offset adverse fuel performance and engine impacts resulting from these regulations. Our products and technology are uniquely positioned to benefit from this macro environment by offering fuel performance enhancement solutions that specifically address these macro developments and trends.
To date, our commercialization efforts have focused primarily on two proprietary products: DiesoLiFT TM 10 and the PerfoLiFT TM BD-Series. DiesoLiFT TM 10 was developed to increase fuel economy, reduce harmful emissions and reduce maintenance costs when mixed with diesel fuel and bio-diesel fuel blends. The PerfoLiFT TM BD-Series was developed to address oxidation stability and deposit formation control issues associated with bio-diesel fuel use, both pure or in blends.
The potential market for DiesoLiFT TM 10 and the PerfoLiFT TM BD-Series is massive. Virtually every gallon of diesel and bio-diesel fuel consumed in the world today is a potential market for IFT fuel additive technologies.
IFT's proprietary technology has been extensively tested and verified at a number of prominent independent test laboratories all over the world. IFT believes this separates it from most of the other fuel additive companies in the marketplace today.
For example, DiesoLiFT TM 10 has been tested at the following independent test laboratories and has consistently demonstrated the ability to increase fuel economy, on average by 5%:
| · | mi Technology, United Kingdom; |
| · | Southwest Research Institute, United States; |
| · | Forest Engineering Research Institute of Canada - FERIC; |
| · | Motive Power, United States; |
| · | Prodrive Ltd, United Kingdom; |
| · | Technological Institute for Development - LacTec, Brazil; |
| · | Technological Research Institute (IPT) of São Paulo, Brazil; |
| · | Tsinghua University, China. |
In addition, numerous field trials all over the world have validated these independent laboratories' test results. DiesoLiFT TM 10 has been tested in the field with road transport, rail and stationary power generation applications and has consistently demonstrated the ability to improve fuel economy, on average by 5%.
The PerfoLiFT TM BD-Series has been tested at the following independent test laboratories and has consistently demonstrated that it is the top performing fuel additive technology in the market today for addressing oxidation stability and deposit formation control in bio-diesel fuel blends:
| · | BfB Laboratories, Belgium; |
| · | National Institute of Technology - INT, Brazil; and |
| · | Montana State University - Northern, United States. |
Both products are easy to use. Once the additive is splash blended with a base fuel, the mixture forms into and remains a stable solution. Unlike traditional fuel additives, which are derived from petroleum, DiesoLiFT TM 10 and the PerfoLiFT TM BD-Series are derived from a complex mixture of detergent substances (surfactant chemistry) that utilize, in part, naturally occurring fractions that are bio-degradable.
The manufacture of IFT's additive formulations is outsourced to Multisol (France) and Air Products and Chemicals, Inc. (U.S.). These relationships allow IFT to consistently deliver quantities of quality additive formulations on a timely basis.
The commercial goal of IFT is the bulk sale (by the ton) of DiesoLiFT TM 10 and the PerfoLiFT TM BD-Series to the following major end-users of diesel fuel and bio-diesel fuel blends:
| · | stationary power generation operators; |
| · | centrally-fueled truck/bus fleets; and |
| · | marine vessel operators. |
IFT's primary strategy to achieve this goal is to outsource marketing and distribution by partnering with oil companies and prominent fuel additive distribution companies with existing customers and distribution channels. For example, IFT has distribution relationships with Multisol (France), Unipart Rail (U.K.), Caldic (U.K.), Nordmann Rassmann (Germany) and Tide Water Oil Co. (India).
We believe IFT has two of the top performing fuel additive technologies in the world today, DiesoLiFT TM 10 and the PerfoLiFT TM BD-Series, that target markets where consumption is massive and growing and environmental concerns and pressures to reduce harmful emissions are real. A number of end-users and distribution partners are buying our products. In addition, we believe the time consuming process of tests and trials has generated opportunities that should produce additional revenue streams in the last quarter of 2011 and during 2012.
Recent Developments
Railroads
The Association of Train Operating Companies in the United Kingdom. ("ATOC") and the Rail Safety and Standards Board ("RSSB") under the independent management of world-renowned railroad consultant Interfleet Technology ("Interfleet") has been evaluating IFT's DiesoLiFT TM 10 fuel additive since 2005. Four rounds of extensive laboratory testing, using strict industry protocol, clearly demonstrated that use of DiesoLiFT TM 10 not only improves fuel economy but also, and as important, has a measured effect improving engine performance and reducing carbon particulates. In two of the laboratory tests, improvements in fuel economy of 6.9% and 5.9% were achieved. In three of the laboratory tests, a power increase ranging from 2%-3.5% was achieved.
Subsequently, a number of field-based demonstration trials with ATOC members have demonstrated that use of DiesoLiFT TM 10 significantly improves fuel economy. As part of the ATOC field evaluation, one ATOC member ran two extensive field-based demonstrations utilizing its entire fleet of light rail engines (approximately 90 units). In both cases, use of DiesoLiFT TM 10 demonstrated an approximate 4% improvement in fuel economy.
Commercial discussions with numerous ATOC members have been ongoing and one operator has already placed four purchase orders for DiesoLiFT TM 10. We expect numerous other ATOC members to place orders and begin using DiesoLiFT TM 10 in the next three to six months.
In addition, due to our progress and success with ATOC, we are in discussions with numerous European rail operators and two of these operators have already commenced with DiesoLiFT TM usage in field validation programs. We are also in the evaluation process with one of the largest rail operators in Brazil.
Distribution Partners
| · | Multisol: We signed a manufacturing, marketing and distribution agreement with Multisol in July 2008 providing Multisol with distribution rights to market and sell IFT's products in France, Spain, Portugal and Belgium. Multisol is selling our additive formulations to numerous accounts, including prominent fuel additive companies who are re-packaging the formulations for resale into retail markets. |
| · | Unipart Rail: We signed a marketing and distribution agreement with Unipart in June 2011 providing Unipart with the rights to sell IFT's products to the U.K. rail market. Unipart and IFT have already had numerous joint meetings with prospective end-user accounts. |
| · | Nordmann Rassmann ("Nordmann"): We signed a marketing and distribution agreement with Nordmann in August 2008 providing Nordmann with the right to market and sell IFT's products in Germany, Austria, Switzerland, Sweden, Norway, Finland, Denmark, Poland, The Czech Republic, Slovakia, Slovenia, Hungary, Serbia, Romania and Bulgaria. Nordmann has introduced our products to numerous customers and made sales of the PerfoLiFT TM BD-Series during the first three quarters of 2011 and during 2010. |
| · | Caldic U.K. ("Caldic"): We signed a marketing and distribution agreement with Caldic in May 2008 providing Caldic with distribution rights to IFT's products in the United Kingdom. Caldic has introduced our products to numerous end-user customers and is in the process of running field-based demonstration trials with selected end-users. |
| · | Tide Water Oil Co. India Ltd ("Tidewater"): Headquartered in India, Tidewater is a prominent manufacturer and distributor of additives and lubricants to the automotive and industrial markets. Tidewater purchases and then re-packages DiesoLiFT TM 10 for sale into these targeted markets in India: power generation set users; tractor operators; the agricultural industry; and retail distribution markets. Tidewater made several purchases of DiesoLiFT TM 10 in 2010. |
PerfoLiFT TM BD-Series
Extensive research, development, product validation testing and "no harm" testing has been completed. The PerfoLiFT TM BD-Series has clearly demonstrated that it is a top performing technology in the market. Two products in the PerfoLiFT TM BD-Series, PerfoLiFT TM BD-3 and PerfoLiFT TM BD-4, have received the coveted "No Harm & Relative Efficiency" certification from the AGQM under its renowned "No Harm and Efficiency" program. The Association for the Quality of Bio-diesel, or AGQM, is an independent German-based organization formed in 1999 to monitor the quality of bio-diesel. The product has already been approved for use by a number of bio-diesel producers around the world. IFT distribution partners have begun to market and sell the product in their respective territories.
In Brazil, IFT is currently engaged in product validation programs with Petrobras for PerfoLiFT TM BD-4 and with Bio Capital for PerfoLiFT TM BD-7.
In Europe, the worldwide economic downturn has negatively impacted the increase in production and end-user demand for bio-diesel, and therefore, the demand for new age antioxidant products like the PerfoLiFT TM BD-Series. We believe the proliferation of bio-diesel in Europe will continue to progress during the remainder of 2011 and, through our distribution partner network, most notably Nordmann, we are well-positioned to capitalize on current demand and the anticipated increase in demand.
United States Progress
Multiple fleets with over the road tractors and fleets of heavy-duty equipment have been purchasing and using DiesoLiFT TM 10 for many years. For example, a large regional supermarket chain has been using DiesoLiFT TM 10 in their entire fleet of road tractor-trailers for over four years and a regional construction and aggregate company has been using DiesoLiFT TM 10 in their fleet of heavy-duty off road equipment for approximately two years.
Other Opportunities
Efforts to improve the performance of IFT fuel additive formulations are ongoing. IFT has partnered with prominent independent test laboratories, chemical companies, fuel additive distribution companies and oil companies to further the development of and enhance the performance of its products on a stand-alone basis, or as part of a fuel additive package.
Results of Operations
Three and Nine Months Ended September 30, 2011 Compared to the Three and Nine Months Ended September 30, 2010
Revenues
Net revenue for the three months ended September 30, 2011 was $59,281, as compared to $5,301 for the three-month period ended September 30, 2010. This increase is primarily attributable to increased sales of DiesoLIFT TM 10 to end-user customers ($35,852 increase for the comparable periods) and increased sales of the PerfoLIFT TM BD-Series primarily through our distributor network ($18,128 increase for the comparable periods).
Sales revenue for the three months ended September 30, 2011 was split between sales to end-user customers (70%) and distributors (30%). Sales revenue for the three months ended September 30, 2010 was split between sales to end-user customers (64%) and distributors (36%). Sales revenue generated during the three months ended September 30, 2011 and September 30, 2010, respectively, was primarily generated from the sale of DiesoLiFT TM 10 and the PerfoLiFT TM BD-Series.
Net revenue for the nine months ended September 30, 2011 was $167,785, as compared to $229,392 for the nine-month period ended September 30, 2010. Sales revenue for the nine months ended September 30, 2011 was split between sales to end-user customers (56%) and distributors (44%). Sales revenue for the nine months ended September 30, 2010 was split between sales to end-user customers (17%) and distributors (83%). Sales revenue generated during the first nine months of 2011 and 2010 was primarily generated from the sale of DiesoLiFT TM 10 and the PerfoLiFT TM BD-Series.
News 
Market Data 
Discover 
