Lubrichim Makes Purchase of IFT’s Proprietary Fuel Additive Formulation for Use with Heating Oil
ST. LOUIS--International Fuel Technology, Inc. (IFT) (OTCBB:IFUE) announced today that Lubrichim, a Belgium-based retail distributor of IFT fuel additives, has purchased IFT’s DiesoLIFTTM EM-1 fuel additive for use in proprietary heating oil additive package formulations. Lubrichim sells these fuel additive formulations to its markets in Europe, Africa and Asia.
“It has taken a while, but our customers are beginning to realize the stated benefits of IFT’s proprietary fuel additive technologies are real”
“It has taken a while, but our customers are beginning to realize the stated benefits of IFT’s proprietary fuel additive technologies are real,” said Francis Sels, Lubrichim’s Managing Director. “We are now pleased with the progress we are making with the marketing and resale of IFT’s superior performing fuel additive formulations.”
“Although the primary focus of our commercial efforts continues to be with our DiesoLIFTTM product line series for use with diesel fuel and bio-diesel fuels, we do have a suite of combustion enhancing fuel additive formulations and components for use with the full spectrum of liquid hydrocarbon fuels and bio-fuels,” said Axel Farhi, IFT’s Director of Global Business Development.
Founded in 1971, Lubrichim (www.lubrichim.com) is a Belgium-based fuel additives and lubricants company focused on the development and distribution of high quality products that offer superior performance to end-users. Lubrichim and IFT have been working together since late 2006 to develop a new range of biodegradable, environmentally friendly fuel additives that provide superior fuel efficiency, reduce polluting emissions, improve engine reliability and reduce maintenance costs, and improve the quality and stability of hydrocarbon based fuels and bio-fuels.
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