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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Clean Diesel | LSE:CDT | London | Ordinary Share | COM SHS USD0.01 |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 117.50 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
RNS Number:8413I Clean Diesel Technologies, Inc 18 March 2003 Clean Diesel Technologies, Inc. NEWS RELEASE for (March 18, 2003) at 2:30 AM EST and 7:30 AM London Time Contact: Allen & Caron Inc or Clean Diesel Technologies, Inc. Jay F. McKeage (investors) James M. Valentine, President (212) 691-8087 David W. Whitwell, CFO jay@allencaron.com (203) 327-7050 Len Hall (media) (949) 474-4300 len@allencaron.com CLEAN DIESEL TECHNOLOGIES RECEIVES COMMERCIAL ORDERS FOR PLATINUM PLUS(R) TO REDUCE DIESEL PARTICULATE IN UNDERGROUND MINES Fuel Borne Catalyst and Particulate Filter Reduce Emissions 85 Percent STAMFORD, CT (March 18, 2003) . . . Clean Diesel Technologies, Inc. (CDT) (EBB: CDTI & AIM:CDT/CDTS) announced today that it has received an order for its Platinum Plus(R) fuel borne catalyst (FBC) and automatic dosing equipment for use with diesel particulate filters (DPF) on thirty diesel-powered units in underground mines. The order was received from a major mining engine distributor for use in an underground coal mine in Alabama. The Mining Safety Health Administration (MSHA) recently tested and confirmed the ability of the Platinum Plus FBC and a specially catalyzed DPF to reduce particulates by 85 percent with no increase in emissions of nitrogen dioxide. The MSHA has mandated a reduction in particulates for coal, metal and nonmetal underground mines, with commitments for compliance required by July 2003. Traditional, Platinum catalyzed DPFs convert a substantial portion of nitrogen oxides into NO2 which is a strong lung irritant especially in closed quarters like underground mines. The PERMITTM FBC filter system developed in conjunction with Santa Fe-based CleanAIR Systems, is the only platinum based system to have passed the MSHA requirements for high particulate reductions with no NO2 increase. The FBC is introduced into the engine with the fuel, reducing particulate before it even reaches the filter. The FBC works by mixing intimately with the particulate that deposits in the filter where it is oxidized to CO2 and water vapor. This unique approach allows much lower levels of platinum to be used, reducing cost and NO2 formation. In addition, the filter regenerates or self-cleans at temperatures of 300-325degreesC under normal operating conditions. Some other systems require the filter to be manually removed and cleaned on a regular basis. Extensive testing in the US and Europe has shown no toxic or secondary byproducts or emissions from use of the fuel borne catalyst. The Platinum Plus FBC is registered with the US EPA for use in on-highway diesel fuel. A recent independent evaluation of fuel injectors by Southwest Research Institute reported no negative impact on injector flow or spray from use of the FBC after a 1,000 hour high-load durability test. More than 1,000 engines world wide have successfully used the product in over 15 million miles of commercial service. MORE - MORE - MORE CLEAN DIESEL RECEIVES COMMERCIAL ORDERS FOR PLATINUM PLUS(R) Page 2-2-2 About Clean Diesel Technologies, Inc. Clean Diesel Technologies, Inc. is a specialty chemical company with patented products that reduce emissions from diesel engines while simultaneously improving fuel economy and power. Products include Platinum Plus(R) fuel catalysts 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 contact Clean Diesel Technologies directly, or visit their web site at www.cdti.com. Certain statements in this news release constitute "forward-looking statement" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statement 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. # # # # This information is provided by RNS The company news service from the London Stock Exchange END MSCILFLDVTIDLIV
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