SOURCE: International Fuel Technology Inc.

July 27, 2005 12:12 ET

International Fuel Technology Receives Purchase Order for DiesolIFT™ From a U.S. Based Railroad Company

Successful Six Month Pilot Program Generated Purchase Order

ST. LOUIS, MO -- (MARKET WIRE) -- July 27, 2005 -- International Fuel Technology Inc. (OTC BB: IFUE), a fuel science and research company, today announced that after six months of trials it has received a purchase order for DiesolIFT™ from a U.S. based regional railroad company. DiesolIFT™ is IFT's proprietary diesel fuel additive.

The railroad company began a pilot program utilizing DiesolIFT™ in November 2004. In February 2005 a second phase pilot program utilizing DiesolIFT™ in the railroad's fleet of locomotives commenced. Due to the ongoing success of these pilot programs, the railroad company decided to purchase DiesolIFT™ for additization of its locomotive fleet and continuation of its testing program.

The test results for the six-month pilot program demonstrated that the use of DiesolIFT™ increased fuel economy. This result is consistent with IFT's Prodrive test results conducted for medium rpm engine operation. A testing protocol was employed by a third party technical organization, who worked in conjunction with the railroad to administer and supervise the testing.

Gary Kirk, IFT's Director of Sales and Marketing, said, "The fuel economy improvements we realized with the railroad company are consistent with what we have achieved in the lab at both Prodrive (the U.K.'s leading independent testing facility) and Southwest Research Institute (a leading independent testing facility in the U.S.). These results demonstrate the opportunities we have in industries like rail, marine and stationary power generation where engines operate at low to medium rpm's."

Gary Hirstein, who recently joined IFT from Shell Oil, said, "The application of our technology in the rail industry has become a strategic focus for us worldwide. In addition to our efforts here in the U.S., we expect to commence rail field trials during the third and fourth quarters of 2005 in Southern African, Asia Pacific Rim and European countries."

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.

Contact Information

  • Investor Contact:
    Stuart Beath
    Director of Corporate Development
    International Fuel Technology, Inc.
    314-727-3333 x417