Testing Verifies Fuel Economy Gains and Emissions Reductions
Field Validation Trials to Commence in the First Half of 2008
International Fuel Technology, Inc. (IFT) (OTCBB: IFUE) today announced that it had completed research and development efforts on DiesoLIFTTM 10 in rail engine applications. DiesoLIFTTM 10 is IFT’s proprietary fuel additive formulation for use with diesel fuel and bio-diesel fuel blends.
Extensive testing, in association with government authorities and rail operators, at independent test facilities worldwide have demonstrated that use of DiesoLIFTTM 10 significantly increased fuel economy and reduced CO2 and particulate matter emissions. For example, IFT completed three phases of rail engine testing at MI Technology Group, a U.K. based independent test laboratory. The tests were organized by the rail governing authorities in the U.K. and were supervised by Interfleet, a world-renowned rail consultant. Test results demonstrated that use of DiesoLIFTTM 10 increased fuel economy by 6% (at 90% load factor) in a Cummins locomotive with 35,000 miles of operational use. Test results also demonstrated that use of DiesoLIFTTM 10 increased the power performance of the engine and significantly reduced particulate emissions.
The benefits of DiesoLIFTTM 10 have been demonstrated in use with numerous rail engines (Cummins, Perkins and General Motors) and diesel fuel types (No.2 diesel, European EN590 diesel and ultra low sulfur diesel and bio-diesel B-20).
As a result of the successful research and development efforts with DiesoLIFTTM 10, IFT has commitments from numerous rail operators to commence field validation trials in the first half of 2008. In addition, the successful research and development efforts have convinced a number of prominent fuel additive distribution companies to partner with IFT to market and distribute DiesoLIFTTM 10 to the rail and other industries.
“Three years ago we set out to unequivocally demonstrate to the rail industry that we had a fuel additive technology that could provide substantial cost savings through fuel economy improvement, lower maintenance costs and reduced greenhouse gas and particulate emissions,” said Sergio Trindade, IFT’s Chief of Science and Technology. “The process has been deliberate but we have now succeeded in demonstrating our claims. We are highly confident that upcoming field validation trials will lead to the introduction of DiesoLIFTTM 10 into the railroad fuel stream.”
“The rail industry consumes a significant amount of diesel fuel annually,” said Gary Kirk, IFT’s Director of Sales and Marketing. “The U.S. rail industry alone consumes approximately 6 billion gallons annually. At a 5% improvement in fuel economy, use of DiesoLIFTTM 10 could reduce the annual consumption of diesel fuel by U.S. rail operators by an aggregate of 300 million gallons.”
“We expect IFT to realize revenues from the sale of DiesoLIFTTM 10 to the rail industry in 2008,” said Jonathan Burst, IFT’s CEO. “The rail application has been our primary focus since inception, so completing extensive R&D work and advancing to the field validation trial stage is a significant milestone for IFT. The value proposition we offer to the rail industry is irrefutable and will also contribute to improving our planet for generations to come.”
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, Chief
Financial Officer, 314-727-3333 x417