February 1, 2013
Swift Fuels' intellectual property, aviation fuels licensed to German firm
WEST LAFAYETTE, Ind., and ZWEIBRÜCKEN, Germany - An American company that is developing a commercial replacement for leaded general aviation gasoline has announced the acquisition of a 50 percent stake in a German firm.
The transaction allows Zweibrücken, Germany-based Swift Fuel GmbH to license the intellectual property and technical expertise, including 100SF aviation gasoline targeted for general aviation aircraft, from Indiana-based Swift Fuels LLC.
Chris D'Acosta, CEO of Swift Fuels, explained how the transaction benefits Swift Fuel GmbH.
"We are helping Swift Fuel GmbH to be uniquely positioned in unleaded aviation fuels across Europe and to allow key investors to participate in this opportunity," he said.
D'Acosta said the business deal will allow Swift Fuel GmbH to develop and sell high-performance fuels, additives and specialty chemicals across Europe.
"This is a major milestone in our efforts to broaden Swift Fuels' market coverage and deepen our technical base," he said. "I have the highest confidence and greatest respect for Thomas Albuzat and Andreas Penner, who founded Swift Fuel GmbH."
Swift Fuels LLC is based in the Purdue Research Park of West Lafayette.
About Swift Fuels LLC
Swift Fuels LLC is a private enterprise developing high-performance fuels that create sustainable value for our customers and the global aviation industry. See more about Swift Fuels at http://www.swiftfuels.com or call +1-765-237-3195.
About Swift Fuel GmbH
Swift Fuel GmbH is a private company in Germany working to leverage the use of Swift's unleaded 100+ octane aviation gasoline and other alternative fuel products across Europe. See more about Swift Fuel GmbH at http://www.swiftfuel.de or call +49 6332 9792970.
About Purdue Research Park
The Purdue Research Park, with four locations across Indiana, is the
largest university-affiliated business incubation complex in the country. The
parks are home to about 200 companies that employ 4,000 people and are located
in West Lafayette, Indianapolis, Merrillville and New Albany.
Purdue Research Park contact:
Steve Martin, 765-588-3342, email@example.com
Chris D'Acosta, 765-237-3195, firstname.lastname@example.org