press release

Chevron Press Release - Chevrons Oronite Additives Division To Market Biocode Fuel

SAN RAMON, Calif., Oct. 26, 1998 -- Oronite Additives, a division of Chevron Chemical Co. LLC, and Biocode Inc., today announced that Oronite has agreed to become the exclusive worldwide marketer of Biocodes product marking technology for fuel and lubricant applications.

As a result of this agreement, Oronite will introduce a new product line called D-tect®. D-tect enables fuel and lubricant manufacturers to accurately detect dilution and/or substitution of their branded product with other materials.

Were very excited about this agreement because D-tect provides our customers with a quick and simple marking system that can save millions of dollars in lost revenues due to product counterfeiting, said Linda Gallaher, Oronite global business manager, markers. Among the many advantages of D-tect are that it cannot be laundered, copied or removed from fuels or lubricants.

The agreement allows the Biocode biotechnology to be marketed by one of the premier additives suppliers in the world, said Bill Watson, Biocodes vice president of sales. This is a unique, patented marking system developed by Biocode. Oronite has the fuel and lubricant industry knowledge and the global sales and support teams in place to make D-tect a success.

Biocode Inc., headquartered in Boston, Mass., is the leader in product identification systems protecting quality brand owners from revenue losses due to counterfeiting and diversion.

Chevron Chemical Co. LLC, a wholly owned subsidiary of Chevron Corp., is headquartered in San Ramon, Calif. Oronite is a leading developer, manufacturer and marketer of lubricant and fuel additives.

Updated: October 1998