US Government HDD Stimulus (Replacement)
March 18 2009 - 1:09PM
UK Regulatory
TIDMCTS TIDMCTS TIDMCTSU
RNS Number : 0944P
Catalytic Solutions, Inc.
18 March 2009
The headline for the Catalytic Solutions Inc announcement released on 17/03/09
at 07.00 under RNS No 9550O should read US Government HDD Stimulus.
The announcement text is unchanged and is reproduced in full below.
+-------------------------------------+------------------------------------------+
| For immediate release | 17 March 2009 |
+-------------------------------------+------------------------------------------+
Catalytic Solutions, Inc.
(The "Company")
heavy-duty diesel business positioned to supply retrofit products under stimulus
bill
Catalytic Solutions, Inc. (AIM: CTS and CTSU), the company behind Mixed Phase
Catalyst (MPC ) technology, announces that its Heavy-Duty Diesel Systems
business is well prepared to meet the potential increased demand for its
heavy-duty diesel emission control systems as fleet owners take advantage of the
US$300 million in stimulus funding under the Environmental Protection Agency's
(EPA) Diesel Emissions Reduction Act (DERA) program.
The Obama Administration's American Recovery and Reinvestment Act of 2009
(ARRA), signed into law by President Obama on Feb. 17, 2009 makes the funding
available to heavy-duty diesel on-road vehicles and off-road equipment owners to
retrofit their engines to reduce diesel emissions. These private and public
fleets commonly include school buses, urban buses, municipal and state fleets,
as well as off-road equipment used in construction and cargo handling. The
funding for DERA represents a six-fold increase from the 2008 funding level and
will be administered by the EPA. In addition to the US$300 million stimulus
spending, the recently approved U.S. House and Senate FY 2009 Omnibus
Appropriations Bill provides an additional US$60 million in funding for DERA
activities.
As a leading provider of verified emission control products, Catalytic
Solutions' subsidiary Engine Control Systems Limited offers a full line of
emission control systems which reduce harmful emissions created from diesel,
propane, gasoline and natural gas engines used in on-road and off-road
applications. The Company's broad range of EPA and California Air Resources
Board (CARB) verified retrofit products meet increasingly stringent emission
regulations and currently represent 35% of EPA verified devices and 35% of CARB
Level 3 verified devices, excluding those used in auxiliary power unit
applications.Level 3 verification includes those technologies achieving at least
an 85 percent or greater reduction in particulate matter (PM).
Catalytic Solutions' heavy-duty diesel systems are distributed in the United
States by independent dealer networks as well as through the dealer network of
PACCAR Parts (www.paccar.com), the parts program for Peterbilt and Kenworth
trucks. Our verified products include:
·Purifilter(TM) (passively regenerating), Combifilter(TM) (actively
regenerating) and PurifilterPlus(TM) (combined passive and active
regenerating) Diesel Particulate Filter systems: These verified products offer
superior filtration, durability, flexibility and an industry-leading >85 to 90%
PM reduction.
·AZ Purifier(TM) & Purimuffler(TM) Diesel Oxidation Catalyst (DOC)
systems: These verified products offer superior low temperature performance and
an industry-leading 20 to 40% PM reduction, depending upon the specific engine.
·CCV systems: Used in combination with AZ DOC systems, the combination provides
an industry-leading 40% PM reduction when equipped on 1991 through to 2004
heavy-duty on-road diesel engines.
·TermiNOx(TM) Closed Loop Three-Way Catalyst system for off-road liquefied
petroleum gas (LPG) fuelled engines: The first and only verified product to
cover LPG engines from 1 to 8.2L in displacement.
Additional product information may be found on our Heavy-Duty Diesel Systems
business website at www.enginecontrolsystems.com.
For further details please contact:
+--------------------------------+----------------------+-------------------------+
| Catalytic Solutions, Inc. | Canaccord Adams | Buchanan Communications |
| Charlie Call, Chief Executive | Robert Finlay | Charles Ryland |
| Officer | Guy Blakeney | Ben Willey |
| Tel: +1 (805) 639-9463 | Bhavesh Patel | Christian Goodbody |
| Steve Golden, Chief Technical | Tel: 020 7050 6500 | Tel: 020 7466 5000 |
| Officer | | |
| Tel: +1 (805) 639-9464 | | |
| Nikhil Mehta, Chief Financial | | |
| Officer | | |
| Tel: +1 (805) 639-9461 | | |
+--------------------------------+----------------------+-------------------------+
About Catalytic Solutions, Inc.
We are a global manufacturer and distributor of emissions control systems and
products, focused in the heavy-duty diesel (HDD), energy systems and light-duty
vehicle (LDV) markets. Catalytic Solutions' emissions control systems and
products are designed to deliver high value to our customers while benefiting
the global environment through air quality improvement, sustainability and
energy efficiency. We have over 28 years' experience in the HDD systems market
and more than 20 years' in the energy systems market. Our proven technical and
manufacturing competence in the LDV market meets auto makers' most stringent
requirements, having supplied over 8 million parts to LDV customers since 1996.
Catalytic Solutions, Inc. is listed on AIM of the London Stock Exchange (AIM:
CTS and CTSU) and 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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