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To: spinynorman1323 who wrote (23)	4/28/2000 6:32:00 PM
From: Hawkmoon	Read Replies (1) \| Respond to of 40

CONOCO, KWIKPOWER SIGN AGREEMENT TO DEVELOP FUEL TECHNOLOGIES (The following is a reformatted version of a press release issued by Conoco.) CONOCO AND KWIKPOWER INTERNATIONAL SIGN JOINT AGREEMENT TO DEVELOP ENVIRONMENTALLY FRIENDLY FUEL TECHNOLOGIES London, April 25 -- Conoco Limited, the U.K. refining and marketing subsidiary of Conoco Inc., and Kwikpower International, a U.S.-based fuel technology company, announced today that they have signed a joint business development agreement to evaluate and develop Kwikpower's proprietary fuel technologies. It is hoped that this joint evaluation program will lead to the commercialization of several significant products and processes. These include: Kwikpower's cleanburning ENGAS gasoline and diesel formulations, both of which incorporate renewable fuel components; fuel stabilization technology; and a process to convert waste lubricating oils into high-quality diesel and fuel oils. Under the terms of the agreement, Conoco has been granted a period of exclusivity to participate with Kwikpower in the commercialization of these technologies in exchange for funding the research and evaluation program. Dr. James R. Watkins, Chief Executive Officer of Kwikpower, said: ``We are extremely pleased to enter into an agreement with a world-class energy company like Conoco. The agreement will provide Kwikpower with immediate access to valuable resources and funding for our development and commercialization programs, in both the U.S. and Europe. ``Our immediate objective is to recycle waste lubricating oil into premium diesel components, which will then be blended into our patented ENGAS alternative fuel formulations,'' he added. ``Our overall goal is to offer consumers high-quality alternative fuels that are more sustainable and cleaner burning, at prices that are comparable with conventional fuels.'' Dave Kem, President, Refining and Marketing Europe for Conoco and Senior Director, Conoco Limited, commented: ``Kwikpower's vision and creative energy technologies are very much in line with Conoco's commitment both to innovation and to sustainable development. By working together under this joint business development agreement, we hope to be able to prove that these technologies can be commercially attractive as well as outstanding in environmental terms.'' For further Information, contact: Jim Watkins Kwikpower Tel: 0207 499 1166 Ian Foster Conoco Tel: 0207 408 6230 quote.bloomberg.com