ORYXE Energy to Hold Workshops to Explain New Texas Low Emission Diesel Rule, ORYXE LED Additive Solution
 

Irvine, Calif. – March 28, 2004 – ORYXE Energy International will hold three informational workshops to explain their solution for the new Texas regulations governing the sale of diesel fuel in the state’s non-attainment areas.
ORYXE Energy develops and markets proprietary fuel additives for diesel, gasoline and heavy distillates to enable these fuels to burn cleaner, thus reducing toxic environmental emissions.

ORYXE Energy’s first product to market, ORYXE LED, is the first and only splash-blended diesel additive to win approval by the Texas Commission on Environmental Quality (TCEQ) for use in alternative plans to meet the Texas Low Emission Diesel Rule. The rule requires on-road and off-road diesel to meet strict environmental guidelines for emissions reductions beginning Oct. 1, 2005.

The first free workshop will be held in Austin on March 31. Following ORYXE Energy’s presentation on ORYXE LED, representatives from the TCEQ will be available to answer questions about the Texas Low Emission Diesel Rule. That Q&A session will be taped for viewing at the workshops in Houston on April 4 and Dallas on April 6. To register, send an e-mail with contact information to workshops@oryxe-energy.com. The sessions will be limited to the first 100 respondents.

“We understand that many fuel producers and suppliers have questions about the new Texas regulations, as well as our approved ORYXE LED additive solution, so we have developed an educational workshop to provide information on both of these topics,” said Walter Schindler, chairman and chief executive officer of ORYXE Energy, “We are happy that representatives from the TCEQ have agreed to be present at our Austin workshop to answer questions surrounding the new rule.”

The approval of the company’s ORYXE LED additive by the TCEQ followed a rigorous engine testing protocol performed at the West Virginia University National Research Center for Alternative Fuels, Engines, and Emissions laboratory, recognized by the Environmental Protection Agency and certified by the California Air Resources Board. The tests were conducted under strict federal testing guidelines and procedures.

The tests showed that ORYXE LED demonstrated a greater than 5.7 percent reduction in Oxides of Nitrogen (NOx), greater than 20 percent reduction in Total Hydrocarbons (THC), the main contributors to smog formation, and approximately 10 percent reduction in Carbon Monoxide (CO), a poisonous gas, all major concerns for Texas air quality stewards. Widespread use of ORYXE LED in diesel fuel would result in reducing up to 6,000 tons of NOx annually.


About ORYXE Energy

ORYXE Energy International, Inc., (www.oryxe-energy.com) based in Irvine, Calif., develops, certifies and distributes proprietary additives that improve fuel performance and reduce toxic emissions from the combustion of hydrocarbons, such as diesel fuel and gasoline. ORYXE Energy’s first product to market, the diesel additive ORYXE LED, is the first and only splash-blended diesel additive to win approval by the Texas Comission on Environmental Quality (TCEQ) for use in alternative plans to meet Texas Low Emission Diesel requirements. Founded in 2001, ORYXE Energy was named to the prestigious Red Herring list of Top 100 Innovators of 2004. The company holds one U.S. patent and 10 patents pending.

Odyssey Venture Partners (www.odysseyventure.com) of Newport Beach, Calif., is the lead venture capital investor in ORYXE Energy.

Forward-Looking Statements

Estimates, expectations and business plans are forward-looking statements. Actual future results, including product introduction schedules, market receptiveness, regulatory approvals and commercial viability, could differ materially due to changes in conditions affecting the industry, political, legal or regulatory developments, and market conditions.