Ionic Fuel Technology - IFTI- Profile

Ionic Fuel Technology, Inc.. The Company's principal activity is to design, assemble, market, sell and lease IFT systems designed to reduce harmful airborne emissions and increase fuel efficiency of heating and power generation systems. The products of the Company are marketed to large scale commercial power plant and industrial manufacturers such as breweries, oil refineries, textile plants. The Company markets its products also to industrial heat processors including municipal authorities and universities. The Company has a manufacturing unit in the United Kingdom. The products of the Company are rented to general industrial market. Engineering consulting services accounted for 60% of fiscal 2001 revenues; rental equipment, 35% and ion generating equipment, 5%. Engineering consulting services accounted for 60% of fis 2001 revenues; Rental equipment, 35% and Ion generating equipment, 5%