IMCO Impco Technologies (MM)

IMPCO Technologies to Supply Off-Highway Industrial Engines to Hyundai Heavy Industries CERRITOS, Calif., Dec. 4 /PRNewswire-FirstCall/ -- IMPCO Technologies, Inc. announced today the signing of an agreement with Hyundai Heavy Industries (HHI) of Korea that establishes IMPCO as the supplier of certified engines with Spectrum(R) fuel systems beginning in 2004. This enables HHI forklift trucks to meet the new off-highway emission certification requirements of the US Environmental Protection Agency (EPA) that become effective January 1, 2004. As part of the agreement, IMPCO will become the Manufacturer of Record (MOR) for HHI's North American requirements necessary to meet the new EPA emission regulation. The two companies have also agreed to formalize a joint development agreement for further off-highway ventures of mutual interest. The emission certified engine market for industrial equipment in the U.S. is estimated to be in excess of $180 million annually. Europe and Japan are expected to implement similar off-highway emission regulations in the 2006 timeframe. IMPCO, through its emission certified engines with Spectrum(R) fuel systems is well positioned to support industrial Original Equipment Manufacturers (OEMs) through the process of compliance with emission regulations. Spectrum(R) is an advanced engine management system developed by IMPCO specifically to fill the growing trend of OEMs to out-source technology and engineering solutions to allow their products to meet stringent emission regulations and customer performance requirements. Presently, HHI has three forklift applications commercially available that use IMPCO's technology. Regarding Hyundai: HHI is a diversified multi billion-dollar global manufacturer and supplier of material handling and heavy industrial equipment company with six divisions and 27,000 employees. Their operations include an engine & machinery division that manufactures engines for industrial power generation; machine tools, industrial machinery, robots, and factory automation facilities; industrial plants such as atomic energy facilities, power generation facilities, chemical facilities, natural gas production facilities and more. They are also the world's largest ship building company and a major engine manufacturer for ships. 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, please contact Mr. Dale Rasmussen, Investor Relations of IMPCO, +1-206-315-8242, or fax, +1-206-315-8301, . DATASOURCE: IMPCO CONTACT: Dale Rasmussen, Investor Relations of IMPCO, +1-206-315-8242, or fax, +1-206-315-8301, Web site: http://www.impco.ws/ http://www.brc.it/

Copyright