CDTi Outlines Development of Spinel(TM) Technology Platform at SAE 2015 World Congress and Exhibition
April 22 2015 - 8:30AM
Clean Diesel Technologies, Inc. (Nasdaq:CDTI) ("CDTi" or "the
Company"), a leader in advanced emission control technology, will
participate in the SAE 2015 World Congress today in Detroit,
Michigan where Chief Technology Officer, Stephen Golden, Ph.D.,
will deliver a presentation titled "Novel Mixed Metal Oxide
Structure for Next Generation Three-Way Catalysts (TWCs)."
Dr. Golden's presentation will outline the
fundamentals of Spinel™, a proprietary clean emissions exhaust
technology that promises to dramatically reduce the cost of
attaining more stringent clean air requirements. Vehicle testing of
this technology is ongoing at independent certified testing
facilities and involves a variety of original equipment
manufacturer (OEM) engines. The Company expects initial test
results by mid-year.
The presentation along with a white paper published by SAE
International can be accessed via the Company's website at
http://www.cdti.com/spinel.
About Spinel
The Spinel platform is a family of proprietary materials using
various base metals that replace costly platinum group metals
(PGMs) and rare earth metals in coatings on standard catalytic
converters. Spinel works across a wide range of engine and vehicle
applications – both gasoline and diesel – and has the potential for
significant cost savings for OEMs by dramatically reducing or
eliminating expensive PGMs and rare earth metals. The technology
promises to enable early, cost-effective compliance with stricter
emissions standards in the U.S. and around the world and to
mitigate OEM exposure to supply uncertainty and price volatility in
the PGM and rare earth markets.
More information on Spinel, please visit the Company's website
at: http://www.cdti.com/spinel.
About CDTi
CDTi manufactures and distributes vehicle emissions control
products that leverage its advanced materials technology. CDTi
utilizes its proprietary patented Mixed Phase Catalyst (MPC®)
technology 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. Reflecting its continued focus on
innovation, CDTi is developing and commercializing proprietary
advanced low-platinum group metal (PGM) catalysts including
synergized-PGM (SPGM™), as well as zero-PGM (ZPGM™) catalysts. CDTi
is headquartered in Oxnard, California and has operations in the
U.K., Canada, France, Japan and Sweden. For more information,
please visit www.cdti.com.
Forward-Looking Statements
Certain information contained in this press release constitutes
forward-looking statements including any statements contained
herein 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", "promises", 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 press release, the Company includes
forward looking statements regarding Dr. Golden's proposed
presentation, future tests and results, and the development,
commercialization and potential benefits of CDTi's products and
technologies including Spinel™. 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) any inability by CDTi to (1) realize the
benefits of investments; (2) successfully transition into an
advanced materials supplier; (3) execute its strategic priorities;
(4) commercialize its technology due to agreements with third
parties; (5) protect its intellectual property; (6) obtain
verifications, approvals or market acceptance of its products or
technology; (7) attract or retain qualified personnel; or (8)
achieve anticipated results; (ii) changes in or lack of enforcement
of or funding for emissions programs, regulations or standards;
(iii) competitive conditions; (iv) prices of PGM and rare earth
metals; (v) intellectual property infringement allegations; (vi)
product malfunctions, design failures or the inability to meet
emissions control standards; (vii) any cancellation or postponement
of the SAE 2015 World Congress; 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: Becky Herrick or Cathy Mattison
LHA (IR Agency)
+1 415 433 3777
bherrick@lhai.com
cmattison@lhai.com
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