Accuride and Benecor Cease Joint Venture.Benecor Continues Product Supply and Service to Diesel Exhaust Fluid Market EVANSVILLE, Ind. -- Accuride Corporation (OTCBB OTCBB See OTC Bulletin Board (OTCBB). : AURD) and Benecor, Inc., announced today that they are ending their UREA distribution partnership. The companies entered into a joint venture partnership in March of 2008 to focus on building a Diesel Exhaust Fluid (DEF, also known as UREA) dispensing infrastructure. "The cessation of the venture allows Accuride to focus its time and resources on our core businesses," said Stephen Martin Dr Stephen Paul Martin (born in Wollongong, New South Wales on June 241948) is a politician. He served as an Australian Labor Party (ALP) member of parliament for the Commonwealth electoral Division of Macarthur, south west of Sydney, from 1984-1993; and he represented , Accuride's General Counsel. "We look forward to continuing Benecor's commitment to the DEF industry," said Brendan Foster Brendan Foster, MBE (born 12 January, 1948 in Hebburn, Tyne and Wear, England) is a British former distance runner, and the founder of the Great North Run. He was educated at St Joseph's Grammar School, the University of Sussex and Carnegie College of Physical Education, now part , President of Benecor. "We will continue to provide total DEF dispensing solutions to the diesel market and have already seamlessly transitioned current orders to Benecor," said Foster. About Accuride Corporation - Accuride Corporation is one of the largest and most diversified manufacturers and suppliers of commercial vehicle components in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. . Accuride's products include commercial vehicle wheels, wheel-end components and assemblies, truck body and chassis parts, seating assemblies and other commercial vehicle components. Accuride's products are marketed under its brand names, which include Accuride, Gunite gun·ite n. A concrete mixture that is sprayed from a special gun over steel reinforcements in light construction. [Originally a trademark.] Noun 1. , Imperial, Bostrom, Fabco, Brillion, and Highway Original. For more information, visit Accuride's website at http://www.accuridecorp.com About Benecor, Inc. - www.benecor.com Benecor is a national company that supplies products and services to the emerging Diesel Exhaust Fluid (DEF/UREA) market. Benecor's total solution offerings fulfill DEF market needs from small-scale barrel and tote pumps to large-scale, above-ground dispensing systems for fleet and retail sectors. About the Diesel Exhaust Fluid Market Engine and truck manufacturers have spent tremendous resources developing engine offerings that comply with new emissions standards that become effective in 2010. Many have adopted Selective Catalytic Reduction Selective catalytic reduction (SCR) is a means of removing nitrogen oxides, often the most abundant and polluting component in exhaust gases, through a chemical reaction between the exhaust gases, a (reductant) additive, and a catalyst. (SCR (Sequence Control Register) See program counter. ) technology that requires DEF (UREA) as a central operating fluid that virtually eliminates nitrous-oxide (NOx) emissions from diesel engines. In addition to having equipment on a vehicle that provides emissions compliance, it is equally important to have easy access to the fluid required to operate this system. Forward-looking Statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. Statements contained in this news release that are not purely historical are forward-looking statements within the meaning of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995, including statements regarding the Company's expectations, hopes, beliefs and intentions on strategies regarding Accuride's future results. It is important to note that the Company's actual future results could differ materially from those projected in such forward-looking statements because of a number of factors, including but not limited to, market demand in the commercial vehicle industry, general economic, business and financing conditions, labor relations, governmental action, competitor pricing activity, expense volatility and other risks detailed from time to time in the Company's Securities and Exchange Commission filings. |
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