CDTi Enhances DuraFit(TM) Multi-Channel Customer Service Model by Opening Four New Distribution Centers in the U.S.
October 20 2015 - 8:00AM
Clean Diesel Technologies, Inc. (Nasdaq:CDTI) ("CDTi" or "the
Company"), a leader in advanced emission control technology, is
opening four new distribution centers in the U.S., further
strengthening its best-in-class service model and enabling the
company to more efficiently meet the technical support and service
needs of its end customers. The multiple national distribution
points allow for faster order fulfillment of CDTi's DuraFit™ diesel
particulate filters (DPFs).
Eric Bippus, CDTi's Executive Vice President of Sales and
Marketing, stated: "As we expand our DuraFit distribution network,
we are enhancing our supply chain to gain efficiencies and drive
sales growth. The four new U.S. distribution centers complement our
existing distribution facility in Thornhill, Ontario and provide
our U.S. distributors with faster order fulfilment, lower freight
costs and more efficient inventory management. Our service model
ensures that distributors and dealers of DuraFit DPFs can promise
fleet customers best-in-class service anywhere in North
America."
Showky Kalbawy, President of Mondial Automotive, stated: "The
four new CDTi distribution centers enable us to better serve our
DuraFit customers as well as improve our internal processes and
order fill lead times. CDTi's new and improved distribution
strategy is a key factor in our ability to meet our customers'
needs quickly while reducing costs. We look forward to working with
CDTi under its enhanced customer service and support model to
provide our customers with the exceptional quality and durability
offered by DuraFit."
The four new warehouses are located in New York, NY; Louisville,
KY; Colorado Springs, CO; and Portland, OR.
Designed and manufactured in North America, DuraFit DPFs are
exact-fit original equipment manufacturer (OEM) replacements that
meet or exceed OEM emissions requirements. DuraFit DPFs are backed
by an industry leading two-year, unlimited mileage warranty and are
fully-supported by a growing distributor network and field
application specialists.
DuraFit DPFs address the fast-growing heavy duty aftermarket to
replace original equipment DPF units. According to market analysis
firm Power System Research, North American OEMs have produced an
average of 250,000 heavy duty on-road diesel vehicles equipped with
DPFs each year since 2007 to comply with Environmental Protection
Agency requirements. The typical five-year OEM warranty on DPFs has
expired for many of these vehicles which are now owned by second or
third owners. In many medium and heavy duty diesel vehicles, the
DPF is expected to be replaced two or three times during the
vehicle's lifetime. According to a 2012 industry report, the market
for medium and heavy duty vehicle after-treatment maintenance and
repair is projected to grow to $3.0 billion by 2017.
For more information on CDTi's line of DuraFit™ products, please
visit www.durafit-exhaust.com, email us at info@durafit-exhaust.com
or call us toll free at 1-800-753-3212.
About CDTi
CDTi manufactures and distributes vehicle emissions control
products that leverage its advanced materials technology. CDTi
utilizes its proprietary technology 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. Continuing its focus on innovation and a
strategy to scale its business globally, CDTi is pursuing a
Powder-to-Coat (P2C™) business model that exploits
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™. CDTi is
headquartered in Oxnard, California and has operations in Canada,
Japan, the United Kingdom 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 the potential benefits of
CDTi's DuraFit DPFs in addressing current and future markets and
CDTi's distribution network, including its ability to provide
faster fulfillment and drive sales growth. 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, including the opening of four
new distribution centers; (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) achieve anticipated results; or (8) successfully
open and maintain the four new distribution centers; (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) inability to meet emissions control
standards; and (vii) 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 Mattison |
LHA (IR Agency) |
+1 415 433 3777 |
bherrick@lhai.com |
cmattison@lhai.com |
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