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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Clean Diesel | CDT | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
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| 0.00 | 0.00% | 117.50 | 00:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 117.50 | 117.50 |
| Top Posts |
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Posted at 26/3/2008 16:49 by atlantic1953 The progress made in finanical terms has probably not met investors expectations.Markets are jittery and any shares trading on hope are likley to be hammered.The market will only rerate upwards when profitability is acheived. If the markets were generally going up then they would give the benefit of the doubt to cdt but not in these markets. |
Posted at 28/2/2008 10:59 by sidewinder2 "Clean Diesel Technologies Wins CleanEquity Monaco 2008 Award for Excellence"CleanEquity Monaco was sponsored by Barclays Wealth and Barclays Capital and brought together over 40 international environmetal technologu companies from around the worldand was attended by several hundred investors and journalists. The award nominees were selected by an independent panel of cleantech experts including members of the investment and corporate communication disciplines. "We are very proud to receive this award and to be recognized in this way by such a panel of environmental technology experts" said Dr. Bernhard Steiner, President and CEO of Clean Diesel Technologies "This award acknowledges not only our current success in commercialization through deals with Robert Bosch and Tenneco, but also, the certification to supply the London Low Emission Zone (LEZ) provided substantial revenue potential for our technologies ......." Yet another step to CDTI as a leader in this now emerging multi billion $/£/Eu market set to grow expotentially over the coming years and now finally starting by US and European regulations with the Euro emission regulations being adopted by China, India and other major Asian economies. |
Posted at 10/7/2007 10:23 by sidewinder2 Successful exercise of Series A Warrants. CDT now has another $7 million in cash on the balance sheet and is in a strong financial position. Listing on NASDAQ at the end of August will open the market to US mutual funds who cannot buy BB stocks. Very positive analysis by leading US Institutional Analyst, H.C. Wainwright & Co Inc., forcasting 107% increase in share price, to $31, in 12 months following NASDAQ listing and earnings of £3.29 per share, on very conservative basis, for 2009. Wide very positive coverage now appearing in US technical press. License agreement with Bosch was the critical and major breakthrough, other Tier I suppliers were said to be in negotiation at the AGM, they cannot afford not to be able to offer airless injection system which is now being marketed to OEMs by Bosch incorporating ARIS and EGR/SCR, which are CDT patents licensed to Bosch. Strong share price performance following NASDAQ listing can be sure as Mutual Funds and private investors take positions. Expect news of more licensing agreements with OEMs and Tier I suppliers and retro-fit contracts for London LEZ. |
Posted at 26/1/2007 13:34 by terryjward Updated:2007-01-25 16:42:27Former Principal at U.S. National Renewable Energy Laboratory Available as Resource on National, Global Air Quality Issues BUSINESS WIRE STAMFORD, Conn.--(BUSINESS WIRE)----Walter Copan, Ph.D., the Executive Vice President and Chief Technology Officer of Clean Diesel Technologies, Inc. (OTCBB:CDTI)(AIM:CDT -- reducing greenhouse gas and/or toxic emissions -- key performance standards and initiatives in Europe and the U.S. -- the "new diesel" and its future in the U.S. -- retrofitting existing vehicle fleets to reduce emissions -- strategies to improve energy efficiency -- perspectives on renewable energy solutions, including biofuels Formerly, Dr. Copan was Principal Licensing Executive, Technology Transfer, for the U.S. Department of Energy's National Renewable Energy Laboratory (NREL) based in Golden, CO. NREL is the DOE's premier laboratory for energy efficiency and renewable energy research. At NREL, Dr. Copan was responsible for commercialization of clean energy, energy efficiency and related technologies, through partnerships with industry, academia, and government. Prior to joining NREL, Dr. Copan was Managing Director at the Lubrizol Corporation, responsible for technology commercialization, licensing and new ventures. Previous assignments in Dr. Copan's 28 year career with Lubrizol include a variety of leadership roles in research, development and engineering, product development, strategy, and international business development. He also headed Lubrizol Petroleum Chemicals Technology based in the U.K., with responsibility for product development, program management and technical service for Europe, the Middle East, Africa and the Former Soviet Union. Copan works closely with Clean Diesel's key customers including vehicle fleets, power generation operations, biodiesel suppliers, engine and vehicle original equipment manufacturers and their Tier One suppliers developing and implementing new diesel emission control systems. Based on his unique perspective, Copan provides keen insights into environmental issues around the world. For more information or to arrange an interview, contact Brian Kennedy (212.691.8087) in New York or Len Hall (949.474.4300) in California of Allen & Caron Inc. About Clean Diesel Technologies, Inc. Clean Diesel Technologies, Inc. and its UK representative office, Clean Diesel International LLC, is a developer of chemical and technological solutions to reduce harmful engine emissions. Clean Diesel Technologies has patented products that reduce emissions from combustion engines while simultaneously improving fuel economy and power. Products include Platinum Plus(R) fuel borne catalysts, the Platinum Plus Purifier System and the ARIS(R) 2000 urea injection systems for selective catalytic reduction of NOx. Their products are now operational in commercial trucking fleets in the US and Europe, as well as in municipal bus lines. Platinum Plus and ARIS are registered trademarks of Clean Diesel Technologies, Inc. For more information, visit Clean Diesel at www.cdti.com or contact the Company directly. Certain statements in this news release constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known or unknown risks, including those detailed in the Company's filings with the US Securities and Exchange Commission, uncertainties and other factors which may cause the actual results, performance or achievements of the Company, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. Clean Diesel Technologies, Inc.Dr. Bernhard Steiner, CEO & President, 203-327-7050bsteiner © Business Wire 2006 01/25/2007 16:36 ET Read Related Blogs and Articles -------------------- |
Posted at 14/8/2006 19:31 by terryjward Released 11.08.06Clean Diesel Technologies Reports 2006 Second Quarter Results BUSINESS WIRE STAMFORD, Conn.--(BUSINESS WIRE)----Clean Diesel Technologies, Inc. ("Clean Diesel" or "The Company") (EBB: CDTI, AIM: CDT/CDTS & XETRA: CDI), a developer of technological solutions to reduce harmful engine emissions, today announces its results for the 2006 second quarter. Clean Diesel's Platinum Plus fuel borne catalyst (FBC) revenue increased 60% in the second quarter 2006 and 60% for the six months year to date, versus the comparable 2005 periods. The Company is expanding its customer and distributor base particularly in the UK and Europe. Overall revenue is up slightly for the quarter as the increase in revenue from additives and other revenue including a market assessment project was mostly offset by a decrease in hardware revenue. For the first half of 2006 overall revenue increased 19% as compared to 2005. Dr. Bernhard Steiner, President and CEO, commented: "Clean Diesel's investment in international sales and marketing is beginning to generate the anticipated revenue increase. As a result of this growing European demand for the Platinum Plus Fuel Borne Catalyst, the Company has upgraded its UK Representative office to a UK Branch office which will continue to operate as Clean Diesel International LLC. In addition, Clean Diesel has established a local UK-based blending and warehousing facility to better service our expanding customer and distributor base". Revenue for the second quarter 2006 was $279,000 with a net loss of $1,190,000 ($0.05 loss per share), compared to revenue of $268,000 in the second quarter of 2005 with a net loss of $1,286,000 ($0.07 loss per share). For the six months ended June 30, 2006, revenue was $548,000 with a net loss of $2,774,000 ($0.11 loss per share), compared to $460,000 of revenue and a net loss of $2,477,000 ($0.14 loss per share) in 2005. Expenses in the second quarter of 2006 were up slightly in comparison to 2005 as a result of higher patent costs, increased European professional expenses, increased R&D and non-cash compensation expense ($53,000) for stock options, partially offset by the lower compensation expense relating to the first quarter severance charge for the departure of the former President and Chief Operating Officer. For the first six months of 2006, expenses are up versus 2005 due to: higher R&D related to increased testing of the Mitsui acquired wire-mesh filter technology, non-cash compensation expense ($106,000) for stock options; and severance recognized in the first quarter of 2006. As now required under the United States Financial Accounting Standard 123R, the fair value of options granted must be calculated and the expense recognized over the vesting term of the option. Dr. Steiner also noted: "Clean Diesel's Selective Catalytic Reduction and related technologies continue to generate substantial interest for both new vehicle and retrofit applications. The Company expects to announce the first of several original equipment manufacturer license agreements for its ARIS Selective Catalytic Reduction technology in the near future." About Clean Diesel Technologies, Inc. Clean Diesel Technologies, Inc. and its UK Branch office, Clean Diesel International LLC, is a developer of technological solutions to reduce harmful engine emissions. Clean Diesel Technologies has patented products that reduce emissions from combustion engines while simultaneously improving fuel economy and power. Products include Platinum Plus(R) fuel-borne catalysts (FBC), the Platinum Plus Purifier System, catalyzed wire mesh diesel particulate filter technologies and the ARIS(R) injection systems for selective catalytic reduction of NOx. Platinum Plus and ARIS are registered trademarks of Clean Diesel Technologies, Inc. For more information, visit CDT at www.cdti.com or contact the Company directly. Certain statements in this news release constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known or unknown risks, including those detailed in the Company's filings with the Securities and Exchange Commission, uncertainties and other factors which may cause the actual results, performance or achievements of the Company, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. CLEAN DIESEL TECHNOLOGIES, INC. STATEMENT OF OPERATIONS(Unaudited except share data)Three Months Ended Six Months Ended June 30, June 30, 2006 2005 2006 2005Revenue: Additive revenue $ 145 $ 91 $ 296 $ 186 Hardware revenue 73 166 117 258 License, royalty and other revenue 61 11 135 16 ---------- ---------- ---------- ---------- Total revenue 279 268 548 460Costs and expenses: Cost of revenue 156 161 272 271 General and administrative 1,186 1,210 2,715 2,375 Research and development 177 88 395 147 Patent amortization and other patent expense 50 25 93 64 ---------- ---------- ---------- ----------Loss from operations (1,290) (1,216) (2,927) (2,397) Other income (expense): Foreign currency exchange gain (loss) 79 (75) 93 (94) Interest income 21 5 48 14 Miscellaneous income 0 0 12 0 ---------- ---------- ---------- ----------Net Loss $ (1,190) $ (1,286) $ ( 2,774) $ (2,477) ========== ========== ========== ==========Basic and diluted loss per common share $ (0.05) $ (0.07) $ (0.11) $ (0.14) ========== ========== ========== ==========Weighted average number of common shares outstanding 26,111 17,171 26,098 17,168 ========== ========== ========== ==========CLEAN DIESEL TECHNOLOGIES, INC. BALANCE SHEETS(in thousands, except share data)June 30, December 31, 2006 2005 (Unaudited) ------------ ------------ ASSETS Current Assets Cash and cash equivalents $ 2,501 $ 4,513 Accounts receivable, net of allowance of $18 and $11 in 2006 and 2005, respectively 172 125 Inventories 452 285 Other current assets 128 94 Subscription receivable, net 0 488 ------------ ------------Total current assets 3,253 5,505Patents, net 593 567 Fixed assets, net of accumulated depreciation of $307 And $259 in 2006 and 2005, respectively 118 175 Other assets 37 27 ------------ ------------Total assets $ 4,001 $ 6,274 ============ ============LIABILIT Current Liabilities:Deferred revenue $ 0 $ 9 Accounts payable and accrued expenses 775 487 ------------ ------------Total current liabilities 775 496STOCKHOLDERS' EQUITY: Preferred Stock, par value $0.05 per share, 100,000 shares authorized, no shares issued and outstanding -- -- Common Stock, par value $0.05 per share, authorized 30,000,000 shares, issued and outstanding 26,162,459 and 25,369,358 shares respectively 1,308 1,268 Common Stock, par value $0.05 per share, subscribed and to be issued; 705,113 shares in 2005 0 35 Additional paid-in capital 44,285 44,068 Accumulated deficit (42,367) (39,593) ------------ ------------Total stockholders' equity 3,226 5,778 ------------ ------------Total liabilities and stockholders' equity $ 4,001 $ 6,274 ============ ============ Clean Diesel Technologies, Inc. David Whitwell, CFO & Senior Vice President Administration Email: dwhitwell@cdti.com 300 Atlantic Street, Suite 702 Stamford, CT 06901-3522 Tel: +1 (203) 327-7050 or Media / investor enquiries: Abchurch Communications Heather Salmond / Justin Heath Email: heather.salmond@abch |
Posted at 28/11/2005 12:00 by soysoy RNS Number:7191UClean Diesel Technologies, Inc 28 November 2005 NEWS RELEASE for November 28, 2005 at 2:30 AM EST and 7:30 AM GMT Contact: Allen & Caron Inc: Abchurch Communications: Clean Diesel Technologies Inc: Jesse E Deal (US investors) Heather Salmond (UK enquiries) James M. Valentine, President 212 691 8087 44 (0) 20 7398 7700 jvalentine@cdti.com jesse@allencaron.com heather.salmond@abch Len Hall (US media) David W Whitwell, CFO 949 474 4300 dwhitwell@cdti.com len@allencaron.com 203 327 7050 TESTS SHOW NEW CLEAN DIESEL TECHNOLOGY PROVIDES MAJOR REDUCTIONS IN DIESEL EMISSIONS AND IMPROVED COST EFFECTIVENESS Company's Fuel Borne Catalyst in Combination with Various EPA-verified Technologies Provides up to 70 Percent Reduction in Toxic Diesel Emissions STAMFORD, CT (November 28, 2005) Clean Diesel Technologies, Inc. (Clean Diesel) (EBB: CDTI & AIM: CDT/CDTS), a developer of chemical and technological solutions to reduce harmful engine emissions, announced today that a further series of independent tests have demonstrated that the Company's proprietary Platinum Plus (R) fuel-borne catalyst (FBC) can help substantially reduce diesel emissions from some of the worst polluting vehicles on the roads today-the older, well-worn fleet vehicles including school buses, and local delivery and refuse trucks. A series of independent tests conducted at the prominent San Antonio, TX-based Southwest Research Institute showed that the toxic emissions from these vehicles can be reduced, cost effectively, by as much as 70 percent when they are retrofitted with the Platinum Plus FBC coupled with various U.S. Environmental Protection Agency-verified technologies. Clean Diesel Technologies President James Valentine noted that retrofitting these vehicles with his Company's technology can be done inexpensively. As an example, one specific minimal cost retrofit option at less than $2,000 (by far the lowest cost option commercially available for that level of reduction) reduced diesel emissions in a 1995 engine by 50 percent, Valentine said. To ensure accuracy and practicality the recent testing was performed on a 1995 DT466 International engine, considered to be one of the engines most often found used in medium duty fleet vehicles. In general, the tests indicate a diesel emission reduction range of 20-70 percent depending on which combination of fuels, aftertreatment devices and crankcase vent filtration were used with the FBC. Even more impressive results-diesel emission reductions of 95 percent-were achieved testing the FBC on a newer engine equipped with high efficiency diesel particulate filter (DPF). "These tests demonstrate overwhelmingly that there is a cost effective emission solution for some of the worst polluters on our roadways-the older school buses and local delivery trucks," Valentine said. "The tests showed that you don't need to buy new trucks to get the benefit of modern diesel emission technology. By retrofitting these vehicles with our fuel-borne catalyst, along with a combination of other devices, substantial reductions in toxic diesel emissions can be achieved. We can, of course, get even better results when our technology is designed into newer vehicles, but the pressing need is to improve emissions from the trucks and buses that are currently in use." Valentine added that the testing measured average particulate reductions of 20 percent for the FBC treated ultra low sulphur diesel fuel (ULSD) to as high as 71 percent for the FBC/ULSD fuel used with a catalyzed wire mesh filter (CWMF) and closed crankcase vent filter (CCVF). To achieve the 50 percent reduction at a cost of under $2,000, the FBC-treated fuel was used in combination with a diesel oxidation catalyst (DOC) and CCVF. "The closed crankcase vent filter is a way of capturing 100 percent of engine block emissions that normally go untreated. Typically, they represent 10 percent or more of total particulate emissions. Logic said our a FBC/DOC system verified for 40 percent combined with a 10 percent reduction from the CCVF should give 50 percent reduction, and that is exactly what the testing proved," Valentine said. On pre-1994 engines, the FBC/DOC combination is verified for up to 50 percent reduction and the FBC/CWMF is verified for 75 percent, so combinations of those verified systems with the CCVF should give 60-85 percent reduction. "That is a huge reduction from older high-emitting vehicles and it can be achieved with commercially available and field-proven technologies," Valentine said. The fuel-borne catalyst boosts overall reductions to these high levels by reducing engine-out emissions and allows more lightly catalyzed aftertreatment devices to be used. That results in lower cost, better performance and reduced levels of NO2 in the exhaust. NO2 is a strong lung irritant and can be substantially increased by traditional heavily catalyzed exhaust devices. The FBC can be preblended in fuel at any point in the distribution chain or metered into individual vehicle fuel tanks using low cost on-board dosing systems. CDT recently announced an agreement with the Fleetguard business unit of Cummins, Inc. to blend and distribute the FBC under the Fleetguard name. Fleetguard and CDT have also tested a new on-board FBC dispensing system that will be replaced at normal maintenance intervals and is expected to be commercially available in early 2006. On new engines equipped with high efficiency DPFs, the FBC can help achieve reductions of up to 95 percent while improving regeneration, reducing fuel economy penalties, extending cleaning intervals and reducing the cost of the device. Over 400 DPF-equipped vehicles are using the FBC to assist with regeneration and to help avoid plugging with soot at low exhaust temperatures. More than 1500 other vehicles including on-road and off-road equipment are using the FBC alone or with aftertreatment devices. For a summary of the 1995 engine test results or to talk with an applications engineer, contact CDT or visit the web site at www.cdti.com. About Clean Diesel Technologies, Inc. |
Posted at 21/9/2005 06:42 by maestro. EU LICENSING OPPORTUNITIESRNS Number:5419R Clean Diesel Technologies, Inc 21 September 2005 Clean Diesel Technologies, Inc. 300 Atlantic Street, Suite 702, Stamford, CT 06901-2522 Tel: (203) 327-7050 Fax: (203) 323-0461 Contact: Allen & Caron Inc Clean Diesel Technologies, Inc. Jesse E. Deal (US investors) James M. Valentine, President (212) 691-8087; (203)-327-7050; jesse@allencaron.com jvalentine@cdti.com Len Hall (US media) David W. Whitwell, CFO (949) 474-4300 (203) 327-7050 len@allencaron.com dwhitwell@cdti.com Tim Rogers, VP International Abchurch Communications (UK Media Enquiries) 44-1883 621023 Heather Salmond (0)20 7398 7700 trogers@cdti.com heather.salmond@abch CLEAN DIESEL TECHNOLOGIES ANNOUNCES NEW EUROPEAN LICENSING OPPORTUNITIES FOLLOWING EUROPEAN PATENT GRANT Patented Technology to be Showcased this Week at SAE Symposium in Gothenburg, Sweden STAMFORD, CT (21 September 2005) ... Clean Diesel Technologies, Inc. (EBB:CDTI & AIM:CDT/CDTS), a developer of chemical and technological solutions to reduce harmful engine emissions, today announced new European licensing opportunities for combination EGR (Exhaust Gas Recirculation) and SCR (Selective Catalytic Reduction) technology for NOx (Nitrogen Oxide) reduction, following a European patent grant. A similar U.S. patent has already been granted. Clean Diesel Technologies will be showcasing this new technology as part of its suite of emissions control solutions at SAE International's Heavy Duty Diesel Emissions Control Symposium in Gothenburg, Sweden, from September 20 - 22, 2005. This conference will focus on the latest emissions-control research and development, and examine how it affects the environmental impact of heavy-duty vehicles. Clean Diesel Technologies views its EGR-SCR patent as fundamental for vehicle manufacturers and Tier 1 suppliers, and will make these intellectual property rights widely available for evaluation and development under research and commercial licenses. With 350,000 new heavy duty vehicles on sale every year in Europe, truck and car manufacturers need to achieve high levels of NOx emission reductions to meet forthcoming Euro V and VI legislation. Clean Diesel's new license combining EGR and SCR is an attractive approach to meet upcoming legislation while also optimizing fuel economy. This intellectual property complements Clean Diesel's ARIS(R) SCR airless injection and control suite of technologies, which are also available for license for a wide range of applications. The ARIS technology encompasses robust designs for SCR systems, including its unique coverage of return flow, cooled urea injection for NOx control. Dr. Bernhard Steiner, CEO of Clean Diesel, said, "This is a fundamental step forward for both Clean Diesel Technologies and the global market. Combining EGR with SCR broadens the duty range within which NOx reduction can be achieved, allowing for better fuel economy and reduced urea consumption associated with SCR. Regulators look towards global technologies such as this to gauge what levels of emission reduction are possible and to help set future performance targets - in turn driving forward the whole marketplace." Clean Diesel is highlighting these technologies and more at the SAE International Gothenburg Symposium: hddec/ |
Posted at 09/9/2005 17:25 by anila2 there no buys on the stock, why? all this good news but no investors?? |
Posted at 08/8/2005 07:39 by spec12 Directorate ChangeRNS Number:8229P Clean Diesel Technologies, Inc 08 August 2005 Clean Diesel Technologies, Inc. 300 Atlantic Street, Suite 702, Stamford, CT 06901-2522 Tel: (203) 327-7050 Fax: (203) 323-0461 NEWS RELEASE for 8 August 2005 at 2:30 AM EST and 7:30 AM GMT Contact: Allen & Caron Inc or Clean Diesel Technologies, Inc. Jesse E. Deal (US investors) James M. Valentine, President (212) 691-8087; jesse@allencaron.com (203)-327-7050; jvalentine@cdti.com Len Hall (US media) David W. Whitwell, CFO (949) 474-4300; len@allencaron.com (203) 327-7050; dwhitwell@cdti.com Abchurch Communications Heather Salmond (UK investors) +44 (0)20 7398 7700 heather.salmond@abch DR. WALTER COPAN APPOINTED VICE PRESIDENT AND CHIEF TECHNOLOGY OFFICER OF CLEAN DIESEL TECHNOLOGIES, INC. STAMFORD, CT (8 August 2005) ... Clean Diesel Technologies, Inc. (CDT) (EBB: CDTI & AIM:CDT/CDTS) a developer of chemical and technological solutions to reduce harmful engine emissions, announced today that effective 3 August 2005, Walter Copan, Ph.D., has been appointed Vice President and Chief Technology Officer. "Hiring a proven leader like Dr. Copan is an important step for the growth of CDT as a technology company," said Bernhard Steiner, CEO. "Dr. Copan is an excellent addition to the Clean Diesel team as he brings strong environmental and chemical experience to the Company." Most recently Dr. Copan was Principal Licensing Executive, Technology Transfer, for the U.S. Department of Energy's National Renewable Energy Laboratory (NREL) based in Golden, CO. NREL is the DOE's premier laboratory for energy efficiency and renewable energy research. At NREL, Dr. Copan was responsible for commercialization of clean energy, energy efficiency and related technologies, through partnerships with industry, academia, and government. Prior to joining NREL, Dr. Copan was Managing Director, Technology Transfer and Licensing for The Lubrizol Corporation. Previous assignments in Dr. Copan's 28 year career with Lubrizol include a variety of leadership roles in research, development and engineering, product development, strategy, international business development and new ventures. He also headed Lubrizol Petroleum Chemicals Technology based in the U.K., with responsibility for product development, program management and technical service for Europe, the Middle East, Africa and the Former Soviet Union. Commenting on his appointment, Dr. Copan said: "It is a pleasure to be joining Clean Diesel and to work with the Company's partners to bring proven technologies for energy efficiency, environment protection and renewable fuels to the global transportation and distributed power markets. I have been privileged to make an impact for NREL and the U.S. DOE during recent times of heightened focus on energy security, climate change and the environment, and I look forward to applying this experience in my new role." Copan received his Ph.D. in Physical Chemistry from Case Western Reserve University, and his undergraduate degrees from CWRU are in chemistry and music. He is member of the Board of the Licensing Executives Society (LES) and also serves as member of the National Advisory Council to the U.S. Federal Laboratory Consortium. |
Posted at 09/6/2005 14:00 by terryjward Here it is, great potential:Clean Diesel Technologies Seeks Licenses for ARIS 2000 Selective Catalytic Reduction; Strong Patent Base Boosts Global Partner Program for Airless Injector STAMFORD, Conn.--(BUSINESS WIRE)----Clean Diesel Technologies Inc. (CDT) (OTCBB:CDTI) (AIM:CDT) (AIM:CDTS), a developer of chemical and technological solutions to reduce harmful engine emissions, stated today its intention to step up licensing negotiations with global, tier-one automotive suppliers following strengthened patent protection behind one of its primary commercial technologies - the ARIS(R) 2000 injection system for Selective Catalytic Reduction (SCR) of nitrogen oxides (NOx). CDT already has a number of active U.S. patents for ARIS(R) 2000's single fluid, flow-cooled injector which removes the need for a separate air supply. Two of those patents have gone to grant in Europe and a notice of intention to grant has been received on a third fundamental patent, providing even stronger IP protection. Clean Diesel's revolutionary injector not only simplifies SCR installation on heavy-duty vehicles, it also enables the introduction of a liquid reagent, such as the widely available reagent Urea, into the exhaust streams of lighter duty engines not usually equipped with compressed air systems. This key benefit makes SCR, already the favoured NOx reduction technology, even more attractive to both the original equipment (OE) and retrofit diesel engine markets. Dr. Bernhard Steiner, chief executive officer of Clean Diesel Technologies Inc., commented: "There is immediate market potential for ARIS(R) 2000 in Europe where vehicle manufacturers and aftermarket suppliers are looking for compact, cost-effective NOx-reduction systems to meet emissions regulations such as Euro IV and V. This latest patent allows Clean Diesel to seek new business partners and licensees actively - especially in the light truck, van and car markets where historical air-powered injectors have been a cumbersome compromise. Furthermore, as the USA and Asia follow Europe's legislative lead, we believe SCR and ARIS(R) 2000 will develop into truly global solutions." CDT is showcasing ARIS(R) 2000 to potential licensees at a trade conference in Brussels, June 14-15, 2005: "Euro IV & V Strategies for Buyers & Suppliers" (www.integer-researc About Clean Diesel Technologies Inc. Clean Diesel Technologies Inc. and its U.K. representative office, Clean Diesel International LLC, is a developer of chemical and technological solutions to reduce harmful engine emissions. Clean Diesel Technologies has patented products that reduce emissions from combustion engines while simultaneously improving fuel economy and power. Products include Platinum Plus(R) fuel borne catalysts, the Platinum Plus Purifier System and the ARIS(R) 2000 urea injection systems for selective catalytic reduction of NOx. Platinum Plus and ARIS are registered trademarks of Clean Diesel Technologies Inc. For more information, visit CDT at www.cdti.com or contact the company directly. Certain statements in this news release constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known or unknown risks, including those detailed in the company's filings with the Securities and Exchange Commission, uncertainties and other factors which may cause the actual results, performance or achievements of the company, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. Clean Diesel Technologies Inc. James M. Valentine, 203-327-7050 jvalentine@cdti.com David W. Whitwell, 203-327-7050 dwhitwell@cdti.com Tim Rogers, 44-1883-621023 trogers@cdti.com or Allen & Caron Inc Jesse E. Deal (U.S. Investors), 212-691-8087 jesse@allencaron.com Len Hall (U.S. Media), 949-474-4300 len@allencaron.com or Abchurch Communications Heather Salmond (U.K. Investors), (0)20-7398-7700 heather.salmond@abch 09/06/2005 Terry |
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