Successful Commercial Introduction of DiesoLIFTTM 10 in the Indian Market Prompts Follow-on Order by This IFT Distributor
International Fuel Technology, Inc. (IFT) (OTCBB: IFUE) today announced that Nulon India Ltd., IFT’s distribution partner in India, has issued another purchase order for DiesoLIFTTM 10, IFT’s proprietary fuel additive formulation for diesel fuel. This follow-on order for 17 tons, or one shipping container, is in response to the commercial progress Nulon has made with IFT technology in the fuel additive market in India since partnering with IFT in February 2007.
"We have commenced extended field trials with two large road transport companies, one a government-owned company operating 24,000 buses and the other a private concern operating a fleet of 4,000 trucks and buses. Combined these two road transport companies have the potential to consume over 100 tons of DiesoLIFTTM 10 per month,” said Mr. Krishan Golyan, Managing Director of Nulon India Ltd. “Since most of the bus transportation in India is government-owned, commercial success with one operator should expeditiously lead to sales opportunities with the rest of the bus operators in India.”
“We are pleased with the progress Nulon is making in India,” said Gary Kirk, IFT’s Director of Sales and Marketing. “Nulon is currently selling DiesoLIFTTM 10 to a number of accounts and has lined up trials with some operators of large bus and truck fleets. We expect Nulon to generate a significant amount of revenue for IFT in 2008.”
About International Fuel Technology
International Fuel Technology 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.
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™ may be found at IFT’s website at: www.internationalfuel.com.
International Fuel Technology, Inc.
Stuart Beath, 314-727-3333, ext. 417
Chief Financial Officer