IMCO Impco Technologies (MM)

IMPCO and Starcraft Announce Formation of Powertrain Integration LLC CERRITOS, Calif., July 14 /PRNewswire-FirstCall/ -- IMPCO Technologies Inc., (NASDAQ:IMCO) and Tecstar Corporation, a subsidiary of Starcraft Inc., (NASDAQ:STCR) of Madison Heights, Michigan have jointly announced the formation of Powertrain Integration, a Limited Liability Corporation (LLC). The joint venture company will provide the powertrain integration engineering expertise and production capabilities to satisfy the OEM need for low volume on-highway vehicle applications such as delivery vehicles; motorhomes; buses; military; and other low volume light duty car and truck applications. Jeff Bietzel, Starcraft CEO and Tecstar president says, "The new joint venture company, Powertrain Integration, will provide the broadest range of systems, engine, components and services specifically focusing on the unique low volume needs of OEMs in the specialty vehicle markets. This includes complete emission-certified engine packages and components as well as entire powertrain systems coupled together with the necessary integration and support services." Brad Garner, IMPCO Technologies Vice President and Chief Operating Officer also added, "The new Powertrain Integration line-up of products will offer low volume vehicle OEMs the opportunity to select powertrain solutions that have been designed, developed and tested for their specific requirements. Because the Environmental Protection Agency (EPA) on-highway emission certification is a complex landscape to navigate, Powertrain Integration will offer a Total Vehicle System suite of products and services to simplify the process." Mr. Bietzel and Mr. Garner further added, "Tecstar's experience in motor vehicle powertrain integration combined with IMPCO's expertise as an Manufacturer of Record (MOR) in providing EPA emission certified fuel system and engine products uniquely positions the company to fulfill the needs of the estimated $10 billion low volume specialty vehicle market." IMPCO Technologies Inc., with 2004 annualized revenues exceeding $100 million, is a world leader in supplying advanced solutions to support the use of clean burning gaseous fuels for on and off highway engines. IMPCO's total systems approach includes fuel metering, electronic, emission control products and emission certified engines. Starcraft Corporation, with revenues over $200 million, is a leading vehicle systems designer, integrator and production/manufacturer/assembler of new body styles, mid-cycle enhancements, specialty products and high-performance engines and drivetrains for the motor vehicle. Regarding IMPCO: IMPCO designs, manufactures, markets and supplies advanced alternative fuel systems and related products to original equipment manufacturers and to the aftermarket for the mobile, industrial, power generation, and stationary engines market place. Headquartered in Cerritos, California, IMPCO has offices in Asia, Europe, Australia and South and North America. More information can be found at IMPCO's web site, http://www.impco.ws/. Except for historical information, the statements, expectations and assumptions contained in the foregoing press release are forward-looking statements. Such forward-looking statements include, but are not limited to, the company's expectations regarding revenues 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. Readers should consider the risk contained in the section entitled "Management's Discussion & Analysis of Financial Conditions on Results of Operations -- Risk Factors" in its Annual Report on Form 10-K for the period ended December 31, 2003. The company does not undertake to update or revise any of its forward-looking statements even if experience or future changes show that the indicated results or events will not be realized. For further information contact Mr. Dale Rasmussen, Investor Relations: E-mail: Phone: +1-206-315-8242 Fax: +1-206-315-8301 DATASOURCE: IMPCO Technologies Inc. CONTACT: Investor Relations, Dale Rasmussen of IMPCO Technologies Inc., +1-206-315-8242, or fax, +1-206-315-8301, Web site: http://www.impco.ws/

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