CDTi's Purifilter(R) EGR Now Available for Sale to Fleet Operators
November 20 2012 - 8:00AM
Clean Diesel Technologies, Inc. (Nasdaq:CDTI) ("CDTi"), a cleantech
emissions control company, is pleased to announce that the
California Air Resources Board ("CARB") has issued an Executive
Order which allows CDTi to advertise, sell and install its
Purifilter® EGR diesel particulate filter ("DPF") pursuant to an
exemption while CDTi is waiting for a full and final verification
from CARB. Accordingly, CDTi is now taking orders for this
breakthrough technology.
Due to its unique design, Purifilter® EGR, a
passively-regenerating DPF, provides exceptional filtration and
regeneration efficiency for the removal of particulate matter. The
product addresses a significant number of exhaust gas recirculation
("EGR") equipped heavy duty trucks currently subject to the
California Truck and Bus Regulation, which requires diesel trucks
and buses that operate in California to be upgraded to reduce
emissions by various deadlines.
With a full verification process currently underway by both CARB
and the Environmental Protection Agency ("EPA"), receipt of this
Executive Order enables CDTi to begin selling Purifilter® EGR to
fleet operators while final verification is pending. CDTi is
offering the Purifilter® EGR under the CARB After-Market Add-On
Parts Exemption covered by the Executive Order. While not currently
approved under CARB's verification procedure and cannot be used for
compliance with CARB fleet rules, the Executive Order does permit
CDTi to advertise, sell and install Purifilter® EGR. In order to
comply with CARB fleet rules, CDTi must perform one of the
following by the fleet owner's specific compliance requirement
date: Receive verification from CARB and perform all
necessary steps to ensure CARB fleet rule compliance; replace the
system with a verified system at CDTI's expense; or remove the
installed system and reimburse the full price of the system.
CDTi received the Executive Order from CARB on November 15,
2012.
"We are extremely pleased to have received the Executive Order
from CARB," said Craig Breese, Chief Executive Officer of CDTi.
"The verification process has been lengthier than we had
anticipated due to the unique and proprietary nature of the
product. However, we remain confident that full verification by
both CARB and the EPA will occur in the near future. We are
delighted to add Purifilter® EGR to our impressive portfolio of
emission reduction systems, and although the industry has
experienced a slower than expected adoption rate under the Truck
and Bus Regulation, we are confident in our ability to win business
and continue our journey in leading the world in emission
solutions."
Forward-Looking Statements Safe Harbor
Certain statements in this news release, such as statements
regarding the award of future verifications and the impact such
verifications will have on business, the future adoption rate of
retrofit solutions and the future or continued market acceptance of
Company products constitute "forward-looking statements" within the
meaning of the Private Securities Litigation Reform Act of 1995.
Such forward-looking statements involve known or unknown risks,
including those detailed in CDTi's filings with the U.S. Securities
and Exchange Commission, uncertainties and other factors that may
cause the actual results, performance or achievements of CDTi to be
materially different from any future results, performance or
achievements expressed or implied by such forward-looking
statements. Readers are cautioned not to place undue reliance on
these forward-looking statements, which speak only as of the date
hereof. CDTi assumes no obligation to update the forward-looking
information contained in this release.
The CDTi logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=5742
CONTACT: Kristi Cushing, Investor Relations Manager
Tel: +1 (805) 639-9555
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