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CTS Catalytic

2.00
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Catalytic LSE:CTS London Ordinary Share COM SHS NPV (REGS)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 2.00 - 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Catalytic Share Discussion Threads

Chat Pages: 1
DateSubjectAuthorDiscuss
31/5/2010
21:35
What, no news?

vbrs,
Wiganer.

teh hampster
18/1/2010
08:47
Engine Control Systems Keeps on Shipping!

Thornhill, ON, January 12, 2010 – Engine Control Systems (ECS), a Catalytic Solutions, Inc. Company, is pleased to announce its continued successful fulfillment of product shipments.

buystock
05/1/2010
10:09
this is a dog with electic cars taking over....

try oil, SOLO, TRP, EDR, MXP amd make real money...

halfpenny
07/9/2009
14:12
Alan Duncan MP. Is he still on the Board? Doomed to failure with him on board!!?
papillon
30/6/2009
18:36
Interested to see what happens to this stock.......
the_doctor
19/5/2009
09:14
Any buy pushes up the stock.
tara7
19/5/2009
07:35
Long way to go up, see chart
tara7
18/5/2009
15:29
Results due any day now, could they be good.?
tara7
06/3/2009
16:12
Still falling - any comments Down 60% today-

If any value must be a buy but from the share price either going but or possible delist ? and taken private ?

Views Comments.

pugugly
31/12/2008
11:47
This continues to bleed cash and fall - fall -fall

Anyone still folowwing and got any info

pugugly
22/11/2006
15:06
The Times, November 22, 2006

IN THE KNOW

Tiddler to watch

With platinum prices hitting record highs, Catalytic Solutions could not have picked a better time to make its London debut. Shares in the group, which makes catalysts for car groups such as Honda and Ford, which use less platinum than competitors, are due to start trading on AIM this morning after a placing at 123p each, which values the firm at £78.5 million

tuckswood8
22/11/2006
14:53
Company website:


CATALYTIC SOLUTIONS INC. - 22 November 2006

For immediate release 22 November 2006 THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS NOT FOR PUBLICATION, RELEASE OR DISTRIBUTION IN WHOLE OR IN PART IN, OR INTO, THE UNITED STATES OF AMERICA, CANADA, AUSTRALIA, THE REPUBLIC OF IRELAND, JAPAN OR SOUTH AFRICA Catalytic Solutions, Inc. ("CSI" or "the Company") Placing of 12,870,000 Common Shares at 123p per Common Share and Admission to trading on AIM.

Catalytic Solutions, Inc. (AIM:CTS and CTSR), the company behind Mixed Phase
Catalyst ("MPC(R)") technology, is pleased to announce its successful flotation on AIM today, in conjunction with a placing of 12,870,000 common shares at 123 pence per common share, raising £15.8 million, $30.2 million (gross). Catalytic
Solutions, Inc. will have a market capitalisation of approximately £78.5million, $150.0 million, at the placing price on admission.

Canaccord Adams Limited is the nominated adviser and broker to the Company.

THE BUSINESS

Catalytic Solutions, Inc. is an advanced material science company that creates and supplies catalysts for motor vehicle and power generation applications and has developed catalysts for chemical manufacturing applications, all are designed to deliver high value to customers. The Company's proprietary MPC(R) technology enables CSI to produce catalysts with superior performance, proven durability and cost effectiveness for motor vehicles, power generation and chemical manufacturing. CSI has developed catalysts which contain significantly less platinum group metals (PGMs) than competing catalysts. PGMs are the dominant cost component of most catalysts, and reducing their usage provides significant cost savings to the customer. The Company has established manufacturing competence that meets automotive customers' most stringent requirements. The Company has proven its technical and manufacturing competence by supplying in excess of 5.5 million parts to Honda, Ford, General Motors and Car Sound in the last three years. Catalyst manufacturing is an approximately $12.6 billion per year global industry of which $2 billion is attributable to the motor vehicle catalyst sector, $1.1 billion to the power generation catalyst sector and $9.5 billion to the chemical manufacturing catalyst sector. CSI's growth strategy is focused on targeting industries and specific markets and applications where its technology will create a distinct competitive advantage. The Company intends to continue to supply the light duty vehicle market with a focus on sales growth in diesel applications while maintaining a strong base for the business in petrol engine catalytic converters. New markets and applications in heavy duty diesel, power generation and chemical manufacturing are providing growth opportunities for the Company's versatile technology platforms. The Company intends to expand its capabilities and market reach through opportunistic acquisitions that will create more effective market and sales channels to sell more catalysts.

Commenting on the Placing, Charles Call, CEO of CSI, said:"Cost competitive catalyst technology is being demanded by the automotive andpower generation industries to address the issue of emissions. CSI's MPC(R) technology has the ability to provide a wide number of solutions at lower cost compared to a number of leading suppliers - and we look forward to the challenge of delivering leading technology to our customers over the next few years. We are delighted at the response of the institutions to the Placing and we will use the funds to build a significant presence in Europe in the near future."

For further details please contact:

Catalytic Solutions, Inc. Tel: +1 805 486 4649

Charles Call, Chief Executive Officer

Steve Golden, Chief Technical Officer

Frank Greico, Chief Financial Officer

Buchanan Communications Tel: +44 (0)20 7466 5000
Charles Ryland/Ben Willey/Simon Potter

Canaccord Adams Tel: +44 (0)20 7050 6500
Robert Finlay/Erin Needra


PLACING STATISTICS

Placing Price per Placing Share 123p

Number of Existing Common Shares in issue immediately prior to the Placing 50,919,573

Number of Placing Shares being placed on behalf of the Company 12,870,000

Number of Common Shares in issue immediately following the Placing 63,849,573

Percentage of the enlarged share capital represented by the new common shares 20.16%

Estimated gross proceeds of the Placing £15.8 million

Estimated net proceeds of the Placing receivable by the Company £13.6 million(after expenses)

Market capitalisation of the Company immediately following the £78.5 million Placing at the Placing Price


CSITM's TECHNOLOGY

A catalyst is a substance which facilitates a chemical reaction without beingaltered by the reaction. CSI developed and owns intellectual property rightsto a novel technology for creating and manufacturing catalysts for a wide rangeof applications. This technology is protected by issued patents, patent applications and trade secrets.

Known as Mixed Phase Catalyst (MPC(R)), CSI's technology involves the self-assembly of a ceramic oxide matrix with atoms of catalytic metals precisely positioned within three-dimensional structures. The selection and spatial configuration of the compounds, or phases, comprising MPC(R) materials gives these catalysts two critical attributes which differentiate them from competing products:
1) superior stability allows MPC(R) catalysts to withstand extreme temperaturesover long periods of time without degrading materially;
2) base metal activation allows certain base metals to be used instead of costly PGMs without compromising catalytic performance.

INVESTMENT HIGHLIGHTS

The Directors believe there are a number of reasons why the Company represents an attractive investment proposition:
1) commercially established proprietary technology for high value catalysts;
2) blue chip customers;
3) barriers to entry limit the number of potential competitors;
4) strong market growth prospects;
5) strong technical and commercial management capable of increasing turnover and expanding margins.

USE OF PROCEEDS OF THE PLACING

The Company intends to use the net proceeds of the Placing as follows:
1) to finance the acquisition of Applied Utility Systems,
2) for development of new manufacturing facilities;
3) to fund ongoing research and development efforts;
4) to terminate certain warrants to purchase Common Shares held by Ford;
5) to enhance the Company's sales and marketing infrastructure;
6) to provide funds for general corporate purposes and working capital;
7)for opportunistic acquisitions that complement or expand CSI's business which are in line with its strategy.

The Board believes that having a strong balance sheet will improve CSI's standing with current and potential customers.

MANUFACTURING OPERATIONS

CSITM currently manufactures coated substrates at the Company's facility in Oxnard, California.

CSI's current facility is large enough to house production lines capable of producing 4 to 5 million coated substrates per year, which is sufficient to meet projected demand through 2008.

AUS ACQUISITION

On 28 August 2006, the Company agreed (through a wholly owned subsidiary) to purchase the AUS Business, a business based in California which researches, designs, develops and sells products and services relating to the clean and efficient use of fossil fuels outside of their use in motor vehicles. The consideration for the purchase of the AUS Business is the sum of $6,250,000 payable at stages over the next three years and an additional earn out amount based on the revenues and profits of the AUS Business calculated from 2010 to 2020. The total consideration for the AUS Business is subject to an aggregate maximum cap of $28,000,000. The Directors have valued the AUS Business using reasonable forecasts at approximately $24,000,000. The transaction is a key element of the Company's growth strategy and gives the Company the opportunity to grow its business in the power generation and industrial boiler market.

DIRECTORS

Alexander (''Hap'') Ellis, III - Non-Executive Director, Chairperson - Age 57

Mr. Ellis has extensive experience in electric power and renewable energy. He is a general partner in Rockport Capital Partners LLC, which manages $386 million in two venture capital funds. Both funds focus on energy technologies, advanced materials and process innovations.

Charles F. Call - Chief Executive Officer, Director - Age 59

Mr. Call joined CSITM as Chief Executive Officer in November 2004. Mr. Call hasover 30 years of broad management experience encompassing sales, marketing, plant management, general management and executive management roles in the automotive and electronics industries.

Stephen J. Golden, Ph.D. - Chief Technical Officer, Co-Founder, Director - Age45

Dr. Golden is the developer of the CSITM technology and one of the Company's co-founders. Dr. Golden received his doctorate in Material Science at Imperial College in England. He did extensive post-doctoral work at the University of California, Santa Barbara, and the University of Queensland, Australia in ceramic oxide and mixed metal oxide materials. Dr. Golden provides overall leadership and specific direction for CSI's technology, products, process development, and applications.

Frank R. Greico - Chief Financial Officer - Age 48

Mr. Greico has 27 years' finance experience including as a senior operations and finance executive in publicly traded and privately held technology and manufacturing companies. His experience includes financing and capitalisation, mergers and acquisitions, strategic planning, international expansion, product development, information systems, SEC reporting and investor relations.

Charles R. Engles, Ph.D - Non-Executive Director - Age 58

Dr. Engles has been a Director of CSI since 1999. He has a total of 14 yearsof experience serving as a board member for US public companies and has also been a board member of seven private companies. From 1992 he served as Chairman and from 1994 until 1997 as CEO of Stillwater Mining Company, the only US producer of platinum group metals. Under his direction, Stillwater completed an initial public offering on NASDAQ in 1994 and since reached a market capitalization of $1.9 billion.

K. Leonard Judson - Non-executive Director - Age 46

Mr. Judson joined the Board in 2005, after having been an observer to the Board since 2002. Mr. Judson is the president and managing director of Cycad Group, LLC, a venture capital fund. He also serves on the board of directors or is a board observer of several of Cycad Group's portfolio companies. He has substantial experience practicing corporate finance and merger and acquisition law.

Alan Duncan MP - Non-Executive Director - Age 49

Alan Duncan MP is a Member of Parliament for Rutland and Melton and is currently the shadow secretary of state for trade and industry. From 1979 to 1981, Mr. Duncan worked for Shell International Petroleum and from 1982 to 1988, for Marc Rich & Co, an independent commodity company, as a trader of crude oil and refined products including two years based in Singapore. He was educated at St. John's College, Oxford, where he read philosophy, politics and economics and was
President of the Oxford Union. He later studied at Harvard as a Kennedy Scholar. _________________________________

The content of this announcement has been prepared by and is the sole responsibility of the Company. This press release has been approved by Canaccord Adams Limited solely for the purposes of section 21 of the Financial Services & Markets Act 2000.
Canaccord Adams Limited is acting as nominated adviser and broker to the Company and will not regard any person other than the Company as its customer or be responsible to anyone other than the Company for providing the protections afforded to customers of Canaccord or advice in relation to the proposed admission. No offer, invitation or inducement to acquire shares or other securities in the Company is being made by or in connection with this announcement.

Certain statements made in this announcement are forward looking statements.
Such statements are based on current expectations and are subject to a number of risks and uncertainties that could cause actual results and performance to differ materially from any expected further results or performances, express or implied, by the forward looking statements. Factors that might cause forward looking statements to differ materially from actual results include, among other things, regulatory and economic factors. The Company assumes no responsibility to update any of the forward looking statement contained herein. Further, any indication in this announcement of the price at which common shares have beenbought or sold in the past cannot be relied upon as a guide to future performance.

The information contained herein is not for publication or distribution into the
United States. The material set forth herein is for informational purposes onlyand is not intended, and should not be construed as an offer of securities for sale into the United States or any other jurisdiction.

The distribution of this announcement in certain jurisdictions may be restrictedby law and persons into whose possession this announcement comes should inform themselves about and observe any such restrictions. Any failure to comply with these restrictions may constitute a violation of the securities laws of any jurisdictions. This announcement is not for distribution or transmission,directly or indirectly, in or into Canada, Australia, Japan, New Zealand or the Republic of South Africa and does not constitute, or form part of, an offer to sell or the solicitation of an offer to subscribe for or buy any securities ("Securities"), nor the solicitation of any vote or approval in any jurisdiction, nor shall there be any sale, issue or transfer of the Securities referred to in this announcement in any jurisdiction in contravention of applicable law. The Securities have not been and will not be registered under the US Securities Act of 1933, as amended ("The Securities Act") and may not be offered or sold in the United States unless registered under the Securities Act or an exemption from such registration is available. No public offering of Securities of the Company is being made in the United States. No action has been taken by the Company or Canaccord Adams Limited that would permit the Placing and/or possession or distribution of this announcement or any other offering or publicity material relating to the Placing or the offer of Common Shares of the Company in any such jurisdiction where action for that purposes is required. This information is provided by RNS, the company news service from the London Stock Exchange.

tuckswood8
12/7/2002
19:44
Any views on the deal with Mountcashel....overall, I am still positive on this one. Excellent Chief Executive....a real dealmaker! With more firepower this could be interesting in a couple of years. Ridiculous price now.. I might add some more. As always DYOR!
simonevans
22/2/2002
17:59
This company's share price is starting to show a bit of "bounce" on the back of some buying activity. Seems an entrepeneurial Aim small cap adviser this one. Noticed that they will be handling the Lo-Q float and seem to be doing well on picking up more clients. What impresses me about this company is the small team and low cost base - set to out-perform many other advisers and brokers in my view...valued at less than £4m looks cheap since profitable and over half of market cap in cash. As always DYOR, but when conditions improve this stock could be one of the winners.
simonevans
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