IMCO Impco Technologies (MM)

India Bus Companies Choose IMPCO CERRITOS, Calif., Oct. 4 /PRNewswire-FirstCall/ -- IMPCO Technologies Inc., (NASDAQ:IMCO). India's cities are among the worlds most polluted. Buses using diesel fuel are among the major polluters. The government of India recognized the need to eliminate diesel pollution to improve the health of its citizens and has passed laws requiring all new buses and light commercial vehicles in the state of Delhi be fueled by natural gas and those buses in Mumbai older than eight years be converted to run on natural gas. As an added benefit to reducing air pollution, India also recognized the advantage of using their own natural gas reserves rather than importing diesel fuels to improve their balance of payments and has priced natural gas at $1.10 per gallon versus $2.07 per gallon for diesel fuel to provide an economic incentive to the conversion to natural gas. There are over 50,000 transit buses in the ten major cities of India. Thus far, New Delhi and Mumbai are leading the way in the conversion to natural gas. In New Delhi, over 8,000 buses fueled with natural gas use IMPCO products. In Mumbai 100 buses have thus far been introduced by the state owned transit company using IMPCO products. The eight remaining cities are in the process of initiating conversion. Brad Garner, Vice President and COO of IMPCO Technologies stated that, "IMPCO equipment is the product of choice because of brand and quality recognition and because of the local manufacturing and technical support provided by our joint venture company IMPCO Minda." 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/ Regarding Minda IMPCO Limited: Minda IMPCO Limited is a joint venture agreement with Minda Industries, Ltd. headquartered in Delhi, India. Minda Industries, Ltd., is an automotive OEM supplier with over US $50 million in annual revenues. The company manufactures and markets OEM grade switches, locks, lamps, horns, instrument panels and wiring harnesses for major auto, motorcycle and commercial vehicle OEMs in India. Minda Group has seventeen manufacturing plants in India and market their products via technically trained sales forces to automotive OEMs. They are TS16949, ISO 14001 and OHSAS certified and sell their products in the aftermarket and to all the main OEMs in India e.g. Maruti, Tata Motors, Bajaj, TVS, M&M to name a few. 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 CONTACT: Dale Rasmussen, Investor Relations, IMPCO, +1-206-315-8242, fax +1-206-315-8301, Web site: http://www.impco.ws/

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