Grant of Options
October 27 2008 - 3:01AM
UK Regulatory
RNS Number : 7015G
Catalytic Solutions, Inc.
27 October 2008
For immediate release 27 October 2008
Catalytic Solutions, Inc.
(The "Company")
grant of options
Catalytic Solutions, Inc. (AIM:CTS and CTSU), the company behind Mixed Phase Catalyst (MPC�) technology, announces that a sub-committee
of the Board of Directors approved the grant of options to Mr. Nikhil H. Mehta, Chief Financial Officer and Director.
On 15 September 2008, the Company granted options to purchase 450,000 ordinary shares as per the terms and conditions of Mr. Mehta's
employment contract.
The options are exercisable at 48 pence per share, vest in three equal tranches beginning on the first anniversary of his employment date
and are set to expire on 15 September 2015.
For further details, please contact:
Catalytic Solutions, Inc. Canaccord Adams Buchanan
Charlie Call, Chief Executive Robert Finlay Communications
Officer Bhavesh Patel Charles Ryland
Tel: +1 (805) 639-9463 Ben Willey
Steve Golden, Chief Technical Christian Goodbody
Officer
Tel: +1 (805) 6396-9464
Nikhil Mehta, Chief Financial Tel: 020 7050 6500 Tel: 020 7466 5000
Officer
Tel: +1 (805) 639-9461
About Catalytic Solutions, Inc.
Catalytic Solutions operates in the field of catalysis, offering catalyst-based solutions for clean utilization of fossil fuels.
Catalytic Solutions was successfully admitted to AIM (AIM:CTS and CTSU), a market operated by the London Stock Exchange plc, in November
2006. The Company is focused on the creation, manufacture and supply of emission control catalysts for motor vehicle (gasoline and diesel
engines) and energy applications (gas turbines, boilers, gensets). Catalytic Solutions' catalysts are designed to deliver high value to
customers while benefiting the global environment through air quality improvement, sustainability and energy efficiency. With over eight
million parts supplied to customers since 1996, Catalytic Solutions' proven technical and manufacturing competence meets auto makers' most
stringent requirements. In December 2007, the Company acquired Engine Control Systems (ECS), a manufacturer of technology-based emission
control systems giving Catalytic Solutions access to European manufacturing, product testing and development. ECS develops, manufactures and supplies a full range of custom-built technology-based and
standard emission control products for original equipment, aftermarket and retrofit applications. The products are used for treating harmful
exhaust emissions primarily in the heavy-duty diesel market. ECS' technology-based products change or modify the nature of the exhaust
gases, thereby reducing hazardous elements rather than simply attenuating noise. In August 2006, the Company acquired certain tangible and
intangible assets from Applied Utility Systems (AUS) and established Applied Utility Systems, Inc. (a wholly owned subsidiary of the
Company) as the operating company for the new business. AUS is engaged in designing and installing systems related to the clean and
efficient use of fossil fuels outside of their use in motor vehicles. The Company currently has operations in the USA, Canada, France,
Japan, Sweden and an Asian Joint Venture.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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