ORYXE Energy Inks Deal with Miller Logistics

June 1, 2005
IRVINE, Calif.--(BUSINESS WIRE)--June 21, 2005--ORYXE Energy International has signed a contract with Miller Intermodal Logistics Services (MILS) to manage
IRVINE, Calif.--(BUSINESS WIRE)--June 21, 2005--ORYXE Energy International has signed a contract with Miller Intermodal Logistics Services (MILS) to manage the transportation and logistics of its OR-LED diesel fuel additive. The contract ensures a steady flow of additive from the company's new manufacturing plant in Pasadena, Texas to customers throughout the state.

OR-LED is the only additive approved by the Texas Commission on Environmental Quality (TCEQ) for use in alternative plans to meet the new Texas Low Emission Diesel (TX-LED) requirements. A steady supply of OR-LED will help ensure suppliers can meet the demand for TX-LED when the new regulations take effect Oct. 1, 2005.

"We have worked hard to build a world-class production and distribution system for our OR-LED product," said Walter Schindler, chairman and chief executive officer of ORYXE Energy. "Our most recent partnership with MILS demonstrates our continued commitment to providing the best services for our customers. MILS is an award-winning logistics and supply chain management company with an excellent track record in customer service, reliability and safety."

MILS will utilize an operations team comprised of an onsite logistics specialist, located at the Afton Chemical facility where the OR-LED plant is being constructed, and its corporate operations unit to manage customer inventory levels and schedule product shipments. The team will use MILS logistics management system in conjunction with Afton Chemical's "X-Change(SM)" inventory management system.

Beginning in September, MILS will dedicate six specialized tanker trucks to the delivery of OR-LED additive to customers. The trucks will be equipped with state-of-the-art technology, including GPS satellite communications systems for instantaneous fleet contact, shipment tracking, routing, point of delivery confirmations and customer profiles.

"As one of the top tank truck and container operators in North America combined with its multimode transportation partnerships for a worldwide network, MILS is no stranger to logistics services," said Steve Haskins, vice president of Miller Intermodal Logistics Services. "We have the expertise, resources and technology to create a superior supply chain network serving both ORYXE Energy and its customers. We are proud to be a part of such an innovative solution to improving the air quality in the state of Texas."

OR-LED's approval 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 OR-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 OR-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. Founded in 2001, ORYXE Energy was named a Top 100 Innovator by Red Herring magazine in late-2004. The company holds one U.S. patent and has 10 patents pending.

Odyssey Venture Partners (www.odysseyventure.com) of Newport Beach, Calif., and Ridgewood Capital (www.ridgewoodcapital.com) of Ridgewood, N.J. are the lead venture capital investors in ORYXE Energy.

About MILS

Based in Jackson, Mississippi, Miller Intermodal Logistics Services, Inc. (www.millert.com), a sister company to Miller Transporters, Inc., specializes in third party logistics, supply chain management and the transportation of liquid bulk products in tank trucks, along with tank container service worldwide. MILS offers its customers safe, on-time, door-to-door transport services almost anywhere in the world via tank truck, containers, TL/LTL van and other modes through its logistics partners. MILS possesses a unique capacity to customize solutions for clients with specialized needs in multi-modal transportation and supply chain management.

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.

ORYXE Energy
Kristen Reilly, 949-452-9272
[email protected]
Sally Stewart, 310-828-5414
Diane Sodetz, 310-374-6953