CDTi Expands DuraFit Product Line With DuraFit(TM) DOC
October 27 2015 - 8:00AM
Leveraging SPGM™ Advanced Materials
Technology
Marketing Complete Solutions of
OEM-Quality Replacement Parts
Clean Diesel Technologies, Inc. (Nasdaq:CDTI) ("CDTi" or "the
Company"), a leader in advanced emission control technology,
introduced the DuraFit™ Diesel Oxidation Catalyst (DOC) for the
heavy duty aftermarket. Leveraging CDTi's synergized-platinum group
metal (SPGM™) technology, this original equipment manufacturer
(OEM) quality DOC transforms exhaust stream pollutants into less
harmful compounds, enhances Diesel Particulate Filter (DPF)
performance and reduces the need for costly platinum group metals
(PGMs). First sales of DuraFit DOCs are expected by the end of
2015.
"We believe DuraFit DOCs, the latest commercialization of our
advanced materials technology, deliver substantial value to
customers across a range of automotive markets," stated Eric
Bippus, CDTi's Executive Vice President of Sales and Marketing.
"With our DuraFit DPFs and DOCs, CDTi becomes the leading provider
of cost-effective replacement products for the large and
fast-growing medium and heavy diesel aftermarket. We believe the
total market for DPF and DOC replacements approaches $450 million,
which represents a significant opportunity for CDTi. Now fleets and
regional and national distributors can take advantage of our
complete solutions."
Jay Miller, President of DieselUSA Group, Inc., a CDTi master
distributor, stated: "We welcome CDTi's OEM-quality DOC solution
backed by their DuraFit two-year, unlimited mileage warranty. Now
we can offer our fleet and owner-operator customers the improved
lifetime value provided by a DuraFit DOC, which cuts exhaust
pollution and reduces PGM costs."
For more information on CDTi's line of DuraFit™ products, please
visit www.cdti.com, or contact us at 1-800-753-3212 or
info@cdti.com.
Diesel Oxidation Catalyst (DOC) A diesel
oxidation catalyst, or DOC, is a device that utilizes complex
chemical processes to transform hazardous pollutants from diesel
engines, turning them into less harmful exhaust, similar to an
automobile's catalytic converter. DOCs are normally honeycombs
coated with an active catalyst formulation, engineered in
combination with a DPF, to dramatically reduce particulate matter
(PM) by 90% along with reducing other dangerous gaseous emissions
by 50% to 70%.
About CDTi
CDTi manufactures and distributes vehicle emissions control
products that leverage its advanced materials technology. 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 its 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™. Headquartered in Oxnard, California, CDTi 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 CDTi's DuraFit Docs, their
ability to deliver substantial value to customers by providing
cost-effective replacement products and the potential market for
their products. 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; or (7) 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) 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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