International Fuel Technology Inc.
Intl. Fuel Technology Signs Commercial Partnership and Distribution …
Corporate-news announcement processed and sent by DGAP.
The sender is solely responsible for the contents of this announcement.
——————————————————————————
Tuesday January 18, 2005, 9:00 AM Eastern Time
International Fuel Technology Signs Commercial Partnership and Distribution
Agreement with Puma Energy International S.A.
ST. LOUIS – January 18, 2005 – International Fuel Technology Inc. (OTC BB:
IFUE), a fuel science and research company, today announced that it has signed
a commercial partnership and distribution agreement with Puma Energy
International S.A. Puma Energy, a subsidiary group of Trafigura Beheer B.V.,
one of the world’s largest independent commodity trading companies, is looking
to partner with IFT and incorporate IFT’s technology into the petroleum
products that Puma Energy distributes. Puma Energy will first complete testing
of the products and then look to distribute those products throughout their
entire South American, Central American and African distribution channels.
Puma Energy’s goal in using IFT’s technology is to maximize the benefits it
can give its customers.
Marcelo Ipina, Puma Energy’s Managing Director stated, “We are committed to
bringing high quality, environmentally friendly petroleum products to our
customers. We are looking at incorporating IFT’s technology into fuels to
improve efficiency and therefore reduce CO2 emissions, helping Governments
comply with Kyoto Protocol standards.”
Claude Moreau, Puma Energy’s Commercial Director added, “We are testing IFT’s
technology and believe it could enhance the performance of the petroleum
products we distribute. The additive technology can be easily blended on a sea
going vessel or at the rack creating additized fuel blends that realize
better fuel economy and reduced emissions. We expect IFT additized fuel blends
will differentiate Puma Energy and increase demand for our products in our
respective territories.”
Jonathan Burst, IFT’s CEO said, “We are excited to have the opportunity to
demonstrate the value of our technology to a number of new geographic markets.
Puma Energy has a strong presence in their markets, providing IFT with a
great opportunity to realize substantial revenues from sales of our additive
products.”
Puma Energy International (http://www.pumaenergy.net), a division of Trafigura
Beheer B.V. (http://www.trafigura.com), distributes petroleum products to
wholesale and retail accounts in numerous countries in Africa, Australia,
Latin America, Central America, and the Caribbean through its network of
storage and distribution facilities.
————————————-
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.
Investor Contact:
Stuart Beath
Director of Corporate Development
International Fuel Technology, Inc.
314-727-3333 x417
sbeath@internationalfuel.com
http://www.internationalfuel.com
end of message, (c)DGAP 18.01.2005
——————————————————————————
WKN: 925543; ISIN: US45953X2080; Index:
Listed: Freiverkehr in Berlin-Bremen; Nasdaq
181549 Jän 05
Aktuelle News
Aktuelle Berichte
Keine Berichte gefunden
Anstehende Events
Keine Events gefunden
Webcasts
Keine Webcasts gefunden