Innospec Announces New Technology for Direct Injection Gasoline Engines
20 Novembre 2018 - 10:45PM
Innospec Inc. (NASDAQ: IOSP) today announced that it has launched a
new technology designed to improve the operation of direct
injection gasoline engines.
These engines, known as GDI, have improved fuel economy and
higher output than conventional engines and also offer the
opportunity to utilize smaller, lighter power units. This
technology is now becoming the new engine of choice for premium
gasoline vehicles.
Phil Boon, Executive Vice President and Chief Operating Officer
said:
“It’s now clear that the conventional chemistry which has been
used for decades to keep the valves of gasoline engines operating
at optimum efficiency, simply isn’t as effective in the high
temperature high pressure environment of the modern
direct-injection engine. We’ve known for some time that these
problems would require new solutions and we’re delighted that we
are ready to support our customers with new technology specifically
developed for this application which is proving to be highly
effective.”
Patrick S. Williams, President and Chief Executive Officer
said:
“As a technology company, we are very pleased with another very
positive outcome of our continued investment in R&D. Modern
engines are high-precision equipment and the injection system needs
to be kept meticulously clean in order for it to operate as
the automotive manufacturer intends. Our products will help
to improve fuel economy and reduce emissions from these engines and
our global infrastructure means that we can support customers all
over the world as they roll-out this new improved technology.”
About Innospec Inc.
Innospec Inc. is an international specialty
chemicals company with approximately 1900 employees in 23
countries. Innospec manufactures and supplies a wide range of
specialty chemicals to markets in the Americas, Europe, the Middle
East, Africa and Asia-Pacific. The Fuel Specialties business
specializes in manufacturing and supplying fuel additives that
improve fuel efficiency, boost engine performance and reduce
harmful emissions. Oilfield Services provides specialty chemicals
to all elements of the oil & gas exploration and production
industry. The Performance Chemicals business creates innovative
technology-based solutions for our customers in the Personal Care,
Home Care, Agrochemical, Mining and Industrial markets. Octane
Additives produces octane improvers to enhance gasoline.
Forward-Looking Statements
This press release contains certain "forward-looking statements"
within the meaning of the Private Securities Litigation Reform Act
of 1995. All statements other than statements of historical facts
included or incorporated herein may constitute forward-looking
statements. Such forward-looking statements include statements
(covered by words like “expects,” “estimates,” “anticipates,”
“may,” “believes,” “feels” or similar words or expressions, for
example) which relate to earnings, growth potential, operating
performance, events or developments that we expect or anticipate
will or may occur in the future. Although forward-looking
statements are believed by management to be reasonable when made,
they are subject to certain risks, uncertainties and assumptions,
and our actual performance or results may differ materially from
these forward-looking statements. Additional information regarding
risks, uncertainties and assumptions relating to Innospec and
affecting our business operations and prospects are described in
Innospec’s Annual Report on Form 10-K for the year ended December
31, 2017 and other reports filed with the U.S. Securities and
Exchange Commission. You are urged to review our discussion of
risks and uncertainties that could cause actual results to differ
from forward-looking statements under the heading "Risk Factors” in
such reports. Innospec undertakes no obligation to publicly update
or revise any forward-looking statements, whether as a result of
new information, future events or otherwise.
Contact:Brian Watt Innospec
Inc.+44-151-355-3611 Brian.Watt@innospecinc.com
Innospec (NASDAQ:IOSP)
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