TULSA, Okla.--(BUSINESS WIRE)--Dec. 18, 2006--Syntroleum
Corporation (Nasdaq:SYNM) a leader in Fischer-Tropsch (FT) technology,
announced today that a B-52 Stratofortress Bomber aircraft completed a
successful flight test mission using a blend of Syntroleum's
ultra-clean jet fuel and traditional JP-8 in all eight engines. The
flight test, performed on December 15, 2006 at Edwards Air Force Base,
Calif., marks the first time a B-52 has flown using a synfuel blend as
the only fuel on board. The Air Force first flight tested a 50/50
blend of Syntroleum fuel and conventional JP-8 on September 19, 2006,
utilizing the fuel in two of the B-52's eight engines.
"This historic flight using a blend of Syntroleum's fuel in all
eight engines of the B-52 once again demonstrates that our fuel can
meet the stringent requirements of the DOD as the Air Force continues
the process of testing and certifying a synthetic fuel blend for its
aviation fleet," said Jack Holmes, president and CEO of Syntroleum.
"We continue to believe that the performance of our FT fuels further
validates the quality and integrity of our product, while the
successful completion of this test provides Syntroleum with an
opportunity for additional long-term contracts with the military."
To learn more about the DOD's Assured Fuels Initiative program and
the Air Force's flight test, please see the following links:
www.syntroleum.com, www.af.mil/news/story.asp?storyID=123035568.
About Syntroleum (Nasdaq:SYNM)
Syntroleum Corporation owns a proprietary process for converting
natural gas or synthesis gas derived from coal and other carbon-based
feedstock into synthetic liquid hydrocarbons. The company plans to use
its technology to develop and participate in natural gas and coal
monetization projects in a number of global locations.
This document includes forward-looking statements as well as
historical information. Forward-looking statements include, but are
not limited to, economics and development of possible Fischer-Tropsch
projects, future capital and operating costs of the company, quality
and performance of Fischer-Tropsch catalysts, potential results for
Syntroleum shareholders, testing, qualities and uses of
Fischer-Tropsch fuels, future programs with the United States
government or it various entities, ownership of intellectual property
rights, execution of definitive agreements, technology development and
market development. When used in this document, the words
"anticipate," "believe," "estimate," "expect," "intent," "may,"
"project," "plan" "should," and similar expressions are intended to be
among the statements that identify forward-looking statements.
Although Syntroleum believes that its expectations reflected in these
forward-looking statements are reasonable, such statements involve
risks and uncertainties and no assurance can be given that actual
results will be consistent with these forward-looking statements.
Important factors that could cause actual results to differ from these
forward-looking statements include failure to execute definitive
agreements, the potential that commercial-scale GTL or coal-to-liquids
plants will not achieve the same results as those demonstrated on a
laboratory or pilot basis or that such plants will experience
technological and mechanical problems, the potential that improvements
to the Syntroleum Process currently under development may not be
successful, the impact on plant economics of operating conditions
(including energy prices and government support for such plants),
construction risks, risks associated with investments and operations
of GTL and coal-to-liquids plants, the ability to implement corporate
strategies, competition, intellectual property risks, Syntroleum's
ability to obtain financing and other risks described in the company's
filings with the Securities and Exchange Commission.
(R) "Syntroleum" is registered as a trademark and service mark in
the U.S. Patent and Trademark Office
CONTACT: Syntroleum Corporation, Tulsa
Gary Gamino, 918-592-7900
ggamino@syntroleum.com
SOURCE: Syntroleum Corporation
|