IMCO Impco Technologies (MM)

IMPCO Projects $35 Million Sales for Emission Certified Engines in 2004 CERRITOS, Calif., Dec. 8 /PRNewswire-FirstCall/ -- IMPCO Technologies, Inc. announced today that recent OEM commitments for IMPCO emission certified engine systems are expected to result in a $35 million increase in sales beginning in 2004 as a result of the new EPA off-highway mobile vehicle emission regulation which will be effective January 1, 2004. Mr. Robert Stemmler, Chairman and CEO said, "We have an order backlog for engine and fuel system products of approximately $10 million scheduled for shipment in the 1st Quarter of 2004 to leading companies in the material handling industry which include NACCO Materials Handling Group Hyster and Yale brands, Hyundai, Mitsubishi Caterpillar and others." He also indicated IMPCO has obtained additional commitments for $25 million in sales for the last three quarters of the calendar year and that he expects additional emission certified engine business to be added." Mr. Stemmler said, "this new business is the result of a successful company growth strategy which began in 1999 to become a major Tier I supplier of emission certified engines to industrial off-highway OEMs when the EPA regulation became effective." He added, "we built our industrial engine business from $3.5 million in 1999 to over $20 million in 2003, which confirms the desire of off-highway OEMs to out-source their engine requirements rather than commit the capital and engineering expense to develop the necessary technology to emission certify engines. Our recent orders and the commitments we are announcing today underscore the positive trends that we expect as OEMs continue to move toward outsourcing rather than incurring additional capital outlays." The emission certified engine market for industrial equipment in the U.S. is estimated to be in excess of $180 million annually and $400 million globally. Europe and Japan are expected to implement similar off-highway emission regulations in the 2006 timeframe. IMPCO, through its emission certified engines and Spectrum(R) fuel systems is well positioned to support large and small industrial OEMs through the process of compliance. Examples of popular engines used in the material handling business include General Motors, Mitsubishi and Mazda. 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. These statements include, but are not limited to, management's expectations as to future markets for the company's products and the company's ability to realize revenues and profits from existing and anticipated orders. These statements represent management's current expectations based on information available as of the date of this release, and we cannot undertake to update these statements. Moreover, because our forward-looking statements represent projections and expected results of operations, they are subject to various risks and uncertainties, many of which are beyond management's ability to control. Accordingly, readers should not construe forward looking statements as assurances of performance or as promises of any specific course of action. Some of the factors that may cause our actual results to fall short of expectations include our ability to ship conforming products in a timely fashion, our ability to collect amounts payable under our contracts, our ability to continue to grow our existing product lines and develop new product lines, and our potential to lose business if federal or state environmental laws or regulations are relaxed or if prices for alternative fuels increase more rapidly than for conventional fuels. Other factors that may have a material adverse impact on our business include 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 Registration Statement on Form S-1 declared effective on September 22, 2003 and 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 Technologies, Inc. CONTACT: Dale Rasmussen, Investor Relations of IMPCO Technologies, Inc., +1-206-315-8242, or fax, +1-206-315-8301, Web site: http://http//www.brc.it Web site: http://www.impco.ws/

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