International Fuel Technology's DiesolIFT(TM) Achieves Over 9% Improvement in Fuel Economy in Field Testing With Zimbabwe's Muneza Bus Company
Fuel Economy Improvements Were Measured Over 7,000 Miles During a Three-Week Period Using Two Diesel Buses
Dec 19, 2005 9:48:00 AM
ST. LOUIS, MO -- (MARKET WIRE) -- 12/19/05 -- International Fuel Technology Inc. (OTC BB: IFUE), a fuel science and research company, today announced that it achieved over a 9% improvement in fuel economy in a field trial with two diesel buses. The buses, part of the Muneza Bus Company of Zimbabwe's fleet, used IFT's DiesolIFT™ diesel fuel additive for a period of three weeks during the test and covered a combined distance of approximately 7,000 miles.
Admire Chikarakate, President of Muneza, said, "We are very impressed with the fuel economy improvements we achieved in our trial with IFT's DiesolIFT™ diesel fuel additive. For us to realize over a 9% improvement is quite remarkable. We intend to additize our entire fleet of buses and trucks with DiesolIFT™ beginning in the first quarter of 2006."
Charles Stride, President of IFT's distribution partner, Fuel Technologies Ltd's (FTL), said, "The economic benefit of using DiesolIFT™ is compelling. We expect Muneza to be one of many commercial accounts in the African market for FTL in 2006."
The two buses that took part in the trial were a 1997 Toyota DCM 14B and a 1999 AVM DAFF 920. The Toyota bus traveled approximately 4,000 miles and the AVM traveled approximately 3,000 miles during the three-week trial period which took place in the city of Harare in Zimbabwe. Buses were refueled using DiesolIFT™ in the recommended ratio of 1:600. Fuel economy improvements for the buses were measured at four stages during the three-week test period. Each bus showed a continued improvement in fuel economy compared to the prior period, at each measurement. This continued improvement occurs because of DiesolIFT™'s detergency and lubrication impact on the engines. The cleaner and better lubricated the engines become, through use of DiesolIFT™, combined with better atomization of the fuel, the greater the fuel savings.
Dion Friedland, Chairman of FTL, added, "DiesolIFT™'s capacity to reduce fuel consumption is of critical importance in a country like Zimbabwe that is both chronically short of fuel and the foreign exchange that is required for fuel imports. Many other countries in Africa and elsewhere are severely impacted by the high price of oil and will benefit significantly from using DiesolIFT™."
International Fuel Technology is a fuel science and research company that has developed a family of fuel blends through the use of proprietary fuel additives designed to significantly increase fuel efficiency in internal combustion engines and reduce harmful emissions.
Fuel Technologies Ltd, is a privately owned company assembled to effectuate the commercialization of IFT's products in Africa, most of Europe including Russia and Turkey, Pakistan, Australia, New Zealand and Israel.
The Muneza Bus Company operates 50 public transportation buses in the city of Harare, Zimbabwe.
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
