CDTi Appoints Peter J. Chase Chief Operating Officer
January 30 2017 - 8:00AM
Clean Diesel Technologies, Inc. (Nasdaq:CDTI) (“CDTi” or “the
Company”), a leader in advanced emission control technology,
appointed Peter J. Chase as Chief Operating Officer effective
today, January 30, 2017. He will report to CEO Matthew Beale.
“We are excited to have Peter join CDTi as we continue to
execute on our plan to become the leading provider of emission
control technology to the global automotive market,” stated Beale.
“Peter is a proven operations leader and strategist with a track
record of success in driving manufacturing efficiencies and new
product introductions in a demanding OEM environment. He has
extensive experience delivering highly engineered solutions to
automotive customers in our key markets of North America, China and
India. Peter’s skill set is an excellent fit with CDTi’s
operational and commercial focus as the Company begins to
capitalize on its investments in product and customer relationships
during a pivotal 2017 and beyond.”
Mr. Chase commented, “CDTi is making significant progress in its
international and domestic growth initiatives. I am excited to
support its achievement of the tremendous opportunities ahead of
it.”
Mr. Chase, 49, has more than 25 years of experience in the
automotive and industrial engine industries. Since 2005, he has
served in key positions at IMPCO Technologies, Inc., now a division
of Nasdaq-listed Westport Fuel Systems, including Director of
Engineering, COO, Executive Vice President, Operations and
Strategy, and most recently as General Manager. From 2004 to 2005,
Mr. Chase was a Senior Engineer (Automotive) at Cummins Engine
Company Australia, and from 2002 to 2004 he was Specialist Engineer
at General Motors Holden, Australia. From 1999 to 2002, he
was the Director of Engineering – GFP Division, at IMPCO
Technologies, Inc. in the US and from 1997 to 1999, Technical
Services Manager at IMPCO Technologies (Australia) Pty. Ltd. He
served as Product Manager, Business/Product Planning at Perkins
Engines (Peterborough) Ltd. in the United Kingdom from 1995 to
1997; as Project Manager at the Gas and Fuel Corporation of
Victoria in Australia from 1992 to 1995; and as Research and
Development Engineer at NGV Australia from 1990 to 1992. Mr. Chase
hold a degree in Mechanical Engineering from the University of
Melbourne, Australia.
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.
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 conversion of outstanding indebtedness into common
stock, global trends in the automotive and heavy duty diesel
markets, the Company’s future financial performance, and the
performance of the Company’s technology, 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 and any
subsequent periodic reports on Form 10-Q and Form 8-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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