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8-K - FORM 8-K - CDTI ADVANCED MATERIALS, INC. | c07212e8vk.htm |
EX-10.1 - EXHIBIT 10.1 - CDTI ADVANCED MATERIALS, INC. | c07212exv10w1.htm |
EX-99.1 - EXHIBIT 99.1 - CDTI ADVANCED MATERIALS, INC. | c07212exv99w1.htm |
Exhibit 99.2
FOR IMMEDIATE RELEASE
Clean Diesel Technologies Awarded $1.3M Funding for Ferry Emission Reduction
Program; California Air Resources Board Extends Verification for
ECS Purifilter® Plus
Program; California Air Resources Board Extends Verification for
ECS Purifilter® Plus
VENTURA, CA, October 25, 2010 Clean Diesel Technologies, Inc. (CDT) (Nasdaq:CDTID), a
cleantech emissions reduction company, confirmed today that it has been awarded $1.3M in funding by
the New York State Energy and Research Development Authority (NYSERDA), to supply diesel emission
control technology as part of a New York City ferry emission reduction program. The agreement
follows a successful demonstration phase in which test vessels were fitted with diesel oxidation
catalysts (DOCs) and proven to reduce diesel particulate matter and other harmful emissions
significantly. Over the next several months, CDT will supply and manage the installation of the
emission control technology. Each vessel will then be subject to an evaluation period simulating
normal passenger operation prior to being released for normal use.
The program will implement emissions control technologies on private ferries operating in New York
Harbor. Marine engines are responsible for the emission of many tons of nitrogen oxide (NOx), an
ozone-forming compound, as well as particulate emissions (soot) into the New York airshed. As these
emission sources are mostly unregulated, the city and state are attempting to develop an incentive
program to produce the desired emissions reductions from marine sources. The benefits to the public
and the state include the reduction of tons of NOx emissions as well as the reduction of
particulates which impact upon the residences located in the vicinity of existing and future
landings, as well as passengers and crew on boats.
Extended CARB verification
In addition, CDT is pleased to announce that the California Air Resources Board (CARB) has expanded
its approval (verification) of the ECS Purifilter® Plus as a Level 3+ device to include exhaust gas
recirculation (EGR) heavy duty on-road vehicles.
The innovative ECS Purifilter® Plus emissions reduction product, is the first and only hybrid
diesel particulate filter (DPF) system employing both passive and active regeneration that has been
verified by both the Environmental Protection Agency (EPA) and CARB for a wide variety of heavy
duty diesel on-road engines.
ECS Purifilter®Plus combines a passive ECS Purifilter® and the active regeneration components of an
ECS Combifilter® which result in a hybrid diesel particulate filter which has no minimum exhaust
temperature requirement and is easily maintained through active regeneration by periodically
plugging the system into a 240V single-phase or 480V three-phase regeneration control panel that
may be shared between several vehicles. This approach greatly reduces the maintenance requirements
when compared to traditional passive DPF solutions.
The ECS Purifilter Plus is ideal for a wide variety of small and large fleet operators for fleets
including school buses, shuttle buses, urban buses, municipal vehicles, utility vehicles, refuse
trucks and urban delivery vehicles.
www.cdti.com
The NYSERDA award, as well as the extension of the CARB verification, demonstrates the potential
for our new company which was formed following the business combination of Clean Diesel
Technologies and Catalytic Solutions, Inc. They underscore the breadth of our combined product
portfolios and the ability to address diesel emissions in a variety of on-road, off-road and marine
applications, said Charles Call, Chief Executive Officer of CDT. We are extremely pleased with
the CARB approval which bolsters our ability to offer one of the broadest portfolios of verified
engine retrofit devices which meet our customers needs while benefiting the global environment.
The NYSERDA award announcement may be found at www.nyserda.org. The applicable executive
order covering the Purifilter® Plus may be found on the CARB website at
http://www.arb.ca.gov/diesel/verdev/pdf/executive_orders/de-08-010-02.pdf.
About the Company
Clean Diesel Technologies, Inc. (Nasdaq:CDTID), Clean Diesel, CDT or the Company is, with the
recent business combination with Catalytic Solutions, Inc. (CSI), a vertically integrated global
manufacturer and distributor of emissions control systems and products, focused in the heavy duty
diesel (HDD) and light duty vehicle (LDV) markets. As a cleantech company, CDT utilizes its
proprietary patented Mixed Phase Catalyst (MPC®) technology, as well as its ARIS® selective
catalytic reduction; Platinum Plus® Fuel-Borne Catalyst (FBC), and other technologies to provide
high-value sustainable solutions to reduce emissions, increase energy efficiency and lower the
carbon intensity of on- and off-road engine applications. CDT is headquartered in Ventura,
California, along with its wholly-owned subsidiary, CSI, and currently has operations in the U.S.,
Canada, U.K., France, Japan and Sweden as well as an Asian joint venture. For more information,
please visit www.cdti.com and www.catsolns.com.
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Contact Information:
Kristi Cushing, Investor Relations Manager
Tel: +1 (805) 639-9458
www.cdti.com
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