IMCO Impco Technologies (MM)

IMPCO to Supply Emission Certified Engines to Mitsubishi Caterpillar CERRITOS, Calif., Nov. 24 /PRNewswire-FirstCall/ -- IMPCO Technologies, Inc. The company announced today that Mitsubishi Caterpillar Forklift America Inc. (MCFA) has selected IMPCO to supply Tier II emission certified engines and Spectrum(R) fuel systems for multiyear supply. Brad Garner, IMPCO's Vice President and Chief Operating Officer, said today, "IMPCO is extremely pleased to be selected as the supplier of choice to MCFA. We will supply emission certified GM engines with our Spectrum(R) fuel system to MCFA. In addition to GM certified engines, MCFA has selected IMPCO to supply its advanced Spectrum(R) fuel system for the company's Mitsubishi engines." Mr. Garner added, "This is one of a number of OEM commitments we expect over the next several months as we implement our growth strategy to supply emission certified engines and Spectrum(R) fuel systems to the material handling industry that allows OEMs to meet stringent CARB/EPA regulations." The industrial equipment segment in North America, a rapidly growing and changing marketplace, annually produce more than 140,000 pieces of equipment that will now be required to comply with exhaust emission control legislation. IMPCO, through its emission certified engines and Spectrum(R) fuel system is well positioned to support large and small industrial OEMs through the process of compliance. The emission certified engine market for the industrial equipment in the U.S. is estimated to be in excess of $180 million annually and $400 million globally. Regarding MCFA: MCFA is among the leaders in the materials handling industry and over the past 10 years has produced over 175,000 forklifts in the United States. They have four parts distribution centers located in the U.S. MCFA markets forklifts with the help of 97 Cat lift truck dealers and 105 Mitsubishi forklift truck dealers located throughout the United States, Canada and Latin America. MCFA, headquartered in Houston, Texas, manufactures and distributes material handling equipment and parts under the Mitsubishi forklift trucks and CAT lift truck brands. Additionally, a wholly owned subsidiary, Rapidparts Inc., specializes in the distribution of service parts for many competitors' brands of material handling equipment. The parts are distributed under the Promatch(R) and Mastersouce(R) brands. MCFA provides a full-line of forklifts with complete sales and product support through more than 150 dealer locations throughout the United States, Canada and Latin America. Regarding IMPCO: IMPCO and BRC design, manufacture, market and supply advanced alternative fuel systems and related products for the transportation, industrial and power generation markets. Headquartered in Cerritos, California and Cherasco Italy, they have offices in Asia, Europe, Australia and South and North America. More information can be found at IMPCO's web site, http://www.impco.ws/ and at BRC's web site, http://www.brc.it/ . This press release may include statements, expectations and assumptions which are considered forward-looking statements. Such forward-looking statements include, but are not limited to, the company's expectations regarding revenues and earnings in future periods. Such statements are subject to a number of risks and uncertainties, and actual results could differ materially from those discussed in any forward-looking statement. Reference should also be made to the risk factors set forth from time to time in the Company's SEC reports, including but not limited to those contained in the section entitled "Risk Factors" in its Transition Report on Form 10-K for the period ended December 31, 2002. For further information contact Mr. Dale Rasmussen, Investor Relations: Email: Phone: +1-206-315-8242 Fax: +1-206-315-8301 DATASOURCE: IMPCO CONTACT: Mr. Dale Rasmussen, Investor Relations of IMPCO, +1-206-315-8242, or Fax, +1-206-315-8301 Web site: http://www.brc.it/ http://www.impco.ws/

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