International Fuel Technology Commences New Patent Filing Program Covering IFT's Performance Enhancing Fuel Additive Formulations to Supplement and Further Protect Already Filed Patents
Nov 15, 2005 7:48:00 AM
ST. LOUIS, MO -- (MARKET WIRE) -- 11/15/05 -- International Fuel Technology Inc. (OTC BB: IFUE), a fuel science and research company, today announced that it has commenced a new patent filing program by filing a PCT patent application with the World Intellectual Property Organization covering the specific chemical composition of IFT's proprietary petroleum fuel additives, DiesolIFT?, GasolIFT? and KerolIFT?. The filing is meant to supplement and further protect already filed IFT patents in order to support the Company's growing international distribution network. IFT expects its intellectual property to be protected in over 125 individual countries.
The latest patent filing program is backed by extensive and completed lab testing in the United States (Southwest Research Institute) and the United Kingdom (Prodrive). In addition IFT has extensive technology verification data derived from field-testing in the United States, China, India, the Philippines, South Africa and Thailand.
Jonathan Burst, IFT's CEO, said, "The recently filed PCT application is a natural progression for the Company, consistent with the growing reach of our commercialization efforts. The new application specifically gives IFT protection in its current areas of commercialization including road transport, rail, marine and stationary power generation."
Ian Hurst, IFT's Director of Technology, said, "With distribution partnerships now covering approximately 100 countries it is important for us to be in a position to prosecute our intellectual property interests world-wide. The filing of this PCT patent is an important step in that process. Going forward we expect to file numerous additional patents, based on our ongoing research and development efforts, in order to protect each variation and advancement of our proprietary chemical formulations."
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.
Investor Contact:
Stuart Beath
Director of Corporate Development
International Fuel Technology, Inc.
314-727-3333 x417
www.internationalfuel.com
