News Archive
IFT Distribution Partner Nordmann Rassmann Makes First Sale of DiesoLIFT™ BD-3
ST. LOUIS, March 9, 2009 – International Fuel Technology, Inc. (IFT) (OTCBB: IFUE) announced that it’s German-based distribution partner, Nordmann Rassmann (“NRC”), made its first sale of DiesoLIFT™BD-3. DiesoLIFT™BD-3 is IFT’s proprietary fuel additive formulation for use with bio-diesel and bio-diesel fuel blends.
NRC (www.nordmann-rassmann.com) is a prominent distributor of specialty chemicals, lubricants and fuel additives. NRC sells its portfolio of high quality products throughout Germany, Austria, Central and Eastern Europe, Scandinavia and Switzerland. NRC, founded in 1912, had revenues of over $500 million in 2007.
“DiesoLIFT™BD-3 is clearly one of the top performing fuel additive formulations in the market today for addressing oxidation stability and deposit formation control in bio-diesel fuel blends,” said Jörg Hörig, NRC’s General Manager, New Business Development Business Unit. “We have introduced DiesoLIFT™BD-3 to a number of our clients and expect this order to be the first of many in 2009.”
IFT and NRC signed a marketing and distribution agreement in August 2008. NRC has distribution rights to sell IFT products in Germany, Austria, Switzerland, Sweden, Norway, Finland, Denmark, Poland, The Czech Republic, Slovakia, Slovenia, Hungary, Serbia, Romania and Bulgaria.
“We expect 2009 to be a break out year for DiesoLIFT BD-3,” said Axel Farhi, IFT’s Director of Global Business Development. “The demand and mandates for bio-diesel use in Europe have created a need for better performing fuel additives to address the inherent problems associated with bio-diesel use. With the help of our well-established distribution partners, like NRC, DiesoLIFT™BD-3 is well positioned to capitalize on this growing market in 2009.”
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