International Fuel Technology Announces Successful Fuel Stability Test for Its DiesolIFT(TM) Diesel Fuel Additive at the South Africa Bureau of Standards
Important Verification Step for Selling DiesolIFT(TM) in the African and Other Markets
Dec 12, 2005 9:30:00 AM
ST. LOUIS, MO -- (MARKET WIRE) -- 12/12/05 -- International Fuel Technology Inc. (OTC BB: IFUE), a fuel science and research company, today announced that it successfully completed fuel stability testing for its DiesolIFT(TM) diesel fuel additive at the South Africa Bureau of Standards (SABS). The SABS is internationally recognized for establishing and benchmarking standards in South Africa. The test confirmed that the introduction of DiesolIFT (TM) into a host diesel fuel did not change the fuel specification of the host diesel fuel. This is an important verification step for IFT in order to sell DiesolIFT (TM) in the African and other markets.
The test consisted of completing a fuel specification test on a host diesel fuel and then repeating the same fuel specification test on the same host fuel treated with DiesolIFT (TM) at a ratio of 1 part additive to 600 parts diesel fuel, which is the recommended dosage.
Ian Hurst, IFT's Technical Development Manager, said, "These results should overcome concerns expressed by certain end users regarding the need for OEM endorsements. The fact that the use of DiesolIFT (TM) in the recommended treat ratio does not alter the fuel specification obviates the need for OEM endorsements."
Gary Kirk, IFT's Director of Sales and Marketing, said, "We have successfully completed similar fuel stability tests in other test facilities around the world, and together these tests clear the way for us to sell our products in other markets."
Charles Stride, President of IFT's distribution partner, Fuel Technologies Ltd's (FTL), said, "The SABS test was commissioned to show that use of DiesolIFT (TM) does not alter the fuel specification. This will facilitate the sale of DiesolIFT (TM) in the African markets. Coupled with the independent testing recently completed at Gerotek, which showed fuel savings of 8%, FTL now has the technology validation, clearance and verification to aggressively market DiesolIFT (TM) throughout Africa."
"Users of DiesolIFT (TM) will benefit from reduced fuel consumption, better engine lubrication, reduced maintenance requirements, reductions in breakdowns due to water in the diesel fuel and reduced CO2 gases," added Dion Friedland, FTL's Chairman, "all without any alteration to the fuel specification."
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
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