CDTi and SPMH Form Strategic Alliance to Commercialize Advanced Materials Technology in China’s Fast-Growing Market
October 17 2016 - 8:00AM
Clean Diesel Technologies, Inc. (Nasdaq:CDTi) (“CDTi” or “the
Company”), a leader in advanced emission catalyst technology, and
Sino-Precious Metals Holding Co., Ltd. (SPMH) in Kunming, China
have signed a Memorandum of Understanding to build a strategic
cooperation for CDTi’s Advanced Material Technology to be
integrated into Chinese markets. SPMH is a high-tech enterprise
group, which integrates research, development, production and
marketing of precious metals, nonferrous metals and new materials.
Its main body of operations for cultivating and developing
strategic industry of precious metals and new materials is in
Yunnan, with an implementation platform for new material industry
in Yunnan province.
“CDTi continues to focus on accelerating the execution of our
advanced materials strategy in fast-growing markets, and our
strategic alliance with SPMH achieves a new milestone in China,”
stated Matthew Beale, CDTi’s CEO. “To leverage our breakthrough
advanced materials technology, we have selected the most
well-positioned partners in our chosen markets. SPMH is the right
partner with which to expand our presence in the world’s largest
automotive market.”
“SPMH is a high-tech enterprise group, which integrates
research, development, production and marketing of precious metals,
nonferrous metals and new materials. Its main body of operations
for cultivating and developing strategic industry of precious
metals and new materials is in Yunnan, with an implementation
platform for new material industry in Yunnan province,” said Mr.
Zhu Shao-Wu, the General Manager of SPMH. “We expect CDTi’s powder
materials can enhance product performance, and at the same time
leverage SPMH’s market presence and competitiveness as well as
increase the opportunity to expand in new markets. The
collaboration between SPMH and CDTi will be based on each company’s
strengths and advantages to create maximal value for our customers
and to provide the best
services.”
About CDTiCDTi develops advanced materials
technology for the emissions control market. CDTi’s proprietary
technologies provide high-value sustainable solutions to reduce
hazardous emissions, increase energy efficiency and lower the
carbon intensity of on- and off-road combustion engine systems.
With a continuing focus on innovation-driven commercialization and
global expansion, CDTi’s breakthrough Powder-to-Coat (P2C™)
technology exploits the Company’s high-performance, advanced
low-platinum group metal (PGM) emission reduction catalysts. Key
technology platforms include Mixed Phase Catalyst (MPC®), Base
Metal Activated Rhodium Support (BMARS™), Synergized PGM (SPGM™),
Zero PGM (ZPGM™) and Spinel™. For more information, please visit
www.cdti.com.
About Sino-Precious Metals Holding Co., Ltd.
(SPMH).SPMH is a high-tech enterprise group, which
integrates research, development, production and marketing of
precious metals, nonferrous metals and new materials. Its main body
of operations for cultivating and developing strategic industry of
precious metals and new materials is in Yunnan, with an
implementation platform for new material industry in Yunnan
province. In the future, SPMH will create a precious metal and new
material manufacturing foundation, which will be the largest in
China.
Forward-Looking StatementsCertain
information contained in this press release constitutes
forward-looking statements, including any statements that are not
statements of historical fact. You can identify these
forward-looking statements by the use of the words “believes”,
“expects”, “anticipates”, “plans”, “may”, “will”, “would”,
“intends”, “estimates”, and other similar expressions, whether in
the negative or affirmative. Forward-looking statements are based
on a series of expectations, assumptions, estimates and
projections, which involve substantial uncertainty and risk. In
this document, the Company includes forward-looking statements
regarding the acceleration of the Company’s business transformation
into an advanced materials company, the Company’s future financial
performance, the timely commercialization of the Company’s
technology, the validation of the quality of the Company’s
technology and the availability of future financing, are all
subject to risks and uncertainties that could cause our actual
results and financial position to differ materially. In
general, actual results may differ materially from those indicated
by such forward-looking statements as a result of risks and
uncertainties, including, but not limited, to (i) that the Company
may not be able to (a) successfully implement, or implement at all,
its strategic priorities; (b) streamline its operations or align
its organization and infrastructure with the anticipated business;
(c) meet expectations or projections; (d) decrease costs; (e)
increase sales; (f) obtain adequate funding; (g) retain or secure
customers; (h) increase its customer base; (i) protect its
intellectual property; (j) successfully evolve into an advanced
materials supplier or, even if successful, increase profitability;
(k) successfully market new products; (l) obtain product
verifications or approvals; (m) attract or retain key personnel;
(n) validate, optimize and scale our powder-to-coat capability; or
(o) realize benefits from investments; (ii) funding for and
enforcement and tightening of emissions controls, standards and
regulations; (iii) prices of PGM and rare earth metals; (iv)
royalty and other restrictions on sales in certain Asian countries;
(v) supply disruptions or failures; (vi) regulatory, marketing and
competitive factors; (vii) environmental harm or damages; and
(viii) other risks and uncertainties discussed or referenced in the
Company’s filings with the Securities and Exchange Commission,
including its most recent Annual Report on Form 10-K. In addition,
any forward-looking statements represent the Company’s estimates
only as of the date of such statements and should not be relied
upon as representing the Company’s estimates as of any subsequent
date. The Company specifically disclaims any obligation to update
forward-looking statements. All forward-looking statements in this
press release are qualified in their entirety by this cautionary
statement.
Contact Information: Becky
Herrick or Cathy MattisonLHA (IR Agency)+1 415 433
3777bherrick@lhai.com / cmattison@lhai.com
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