International Fuel Technology Inc.
Intern. Fuel Technology Signs Commercial and Technical Partnership Agreement
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COMPANY PRESS RELEASE
Thursday November 18, 2004, 9:00 AM Eastern Time
International Fuel Technology Signs Commercial and Technical Partnership
Agreement with ETSP, a World Renowned Research, Testing and Marketing Concern
ST. LOUIS – November 18, 2004 – International Fuel Technology
Inc. (OTC BB: IFUE), the developer of a series of environmental fuel
technologies and blends designed to increase fuel economy and reduce harmful
emissions, today announced that it has signed a commercial and technical
partnership agreement with Expertises Technologies et Services Produits
(ETSP). IFT and ETSP will jointly market IFT’s existing technology and
jointly develop and market new products utilizing IFT’s technologies in
Europe, focusing on France, Belgium and Luxembourg.
ETSP is a world-renowned research, testing and marketing company located in
Rouen, France with expertise in engine and fuel technology, and the
environmental implications of those technologies. ETSP has developed
considerable knowledge in fuel and lubricant technologies in niche markets
such as bio fuels, racing fuel applications and racing oils. The ETSP Group
owns and manages two engineering and testing centers specializing in
powertrain development.
In addition to assisting IFT market its existing technologies, ETSP will work
with IFT to develop and market certain heating oil and fuel applications for
IFT’s technology.
Gary Kirk, IFT’s Director of Sales and Marketing, said, “We are excited to
partner with ETSP. Their expertise in fuel technology and market credibility
should expedite our efforts in Europe.”
Mr. Jacques Ozanne, ETSP’s CEO, stated, “We have been evaluating IFT’s
technology for some time and believe we can provide immediate commercial
opportunities to this partnership. We also anticipate developing numerous
additional applications utilizing IFT’s technology through our joint efforts.”
______________________
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:International Fuel Technology, Inc.
Stuart Beath, (314) 727-3333
http://www.internationalfuel.com
end of message, (c)DGAP 18.11.2004
WKN: 925543; ISIN: US45953X2080; Index:
Listed: Freiverkehr in Berlin-Bremen; Nasdaq
181501 Nov 04
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