CDTi Receives Expanded Purifilter EGR Verification
April 23 2014 - 9:00AM
Clean Diesel Technologies, Inc. (Nasdaq:CDTI) ("CDTi" or the
"Company"), a leader in advanced emissions control solutions, is
pleased to announce that it has received an expanded verification
from the California Air Resources Board ("CARB") for its
Purifilter® EGR emission reduction system. The expanded
verification presents additional market opportunity for CDTi
attributable to a greater range of vehicle applications, such as
those operating with lighter loads and lower exhaust temperatures.
The uniquely designed Purifilter® EGR, featuring CDTi's
proprietary MPC® technology, is a passively-regenerating diesel
particulate filter that provides exceptional filtration and
regeneration efficiency for the removal of particulate matter from
exhaust gas recirculation ("EGR") equipped heavy duty diesel
on-road engines. Purifilter® EGR is verified by both the United
States Environmental Protection Agency ("EPA") and CARB for on-road
vehicle applications. The product addresses a significant number of
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.
CDTi also offers the CARB and EPA verified Purifilter® for
non-EGR engines, and Purifilter® Plus, which features on-board
active regeneration capability with no duty cycle requirement for
low load applications. CDTi products feature advanced catalyst
technologies which are developed and produced at the Company's
Oxnard, California catalyst facility. In addition to heavy duty
applications, CDTi's catalyst technologies are utilized by OEM's to
meet light duty vehicle emission regulations.
"With the expanded CARB verification for Purifilter® EGR issued,
CDTi can assist fleet managers to more broadly retrofit their
vehicles to reduce harmful emissions. Our Purifilter® EGR emission
reduction system covers the bulk of 2004-2006 engines which are
expected to comprise a large portion of the retrofit engines
subject to CARB's Truck and Bus Regulation. This expanded
verification significantly enhances our competitive position to be
the retrofit supplier of choice for this important truck
population. With over 30 years of extensive retrofit experience and
a large distributor network, we are absolutely prepared and
committed to addressing this important market opportunity," said
Ian MacDonald, Vice President of Sales & Marketing.
About CDTi
CDTi is a vertically integrated global manufacturer and
distributor of emissions control systems and products, focused on
the heavy duty diesel and light duty vehicle markets. CDTi utilizes
its proprietary patented Mixed Phase Catalyst (MPC®) technology, as
well as its ARIS® selective catalytic reduction, Platinum Plus®
fuel-borne catalyst, and other related technologies to provide
high-value sustainable solutions to reduce emissions, increase
energy efficiency and lower the carbon intensity of on- and
off-road combustion engine systems. CDTi is headquartered in
Ventura, California and currently has operations in the U.S., the
U.K., Canada, France, Japan and Sweden. For more information,
please visit www.cdti.com.
Forward-Looking Statements Safe Harbor
Certain information contained in this press release constitutes
forward-looking statements. Any statements contained herein that
are not statements of historical fact should be considered
forward-looking statements, and include in this press release
statements regarding market opportunity, product capabilities,
utilization and verifications, addressable markets, and the
regulatory environment. Forward-looking statements involve known or
unknown risks, including, without limitation, the inability of CDTi
to capitalize on market opportunities, unforeseen difficulties or
delays in CDTi's ability to supply its products, the slowdown or
stoppage of demand for emission reduction technologies, and the
potential inability of CDTi's products to evolve, remain attractive
to customers, or meet evolving standards or trends. In addition,
reference is made to the risks detailed in CDTi's filings with the
U.S. Securities and Exchange Commission. Readers are cautioned not
to place undue reliance on any forward-looking statements, which
speak only as of the date made. CDTi assumes no obligation to
update the forward-looking information contained in this press
release.
CONTACT: Kevin M. McGrath
Cameron Associates, Inc.
Tel: +1 (212) 245-4577
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