China Deal Set For KleenAir.Business Editors/Automotive Writers/Environment Writers IRVINE, Calif.--(BUSINESS WIRE)--Dec. 15, 2003 KleenAir Systems Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :KAIR) announces a joint agreement with China South Industries Group and Chengdu Greenland Environmental Protection Technology Ltd. The agreement covers catalytic converters for exhaust treatment for the Chinese OEM (Original Equipment Manufacturer) The rebranding of equipment and selling it. The term initially referred to the company that made the products (the "original" manufacturer), but eventually became widely used to refer to the organization that buys the products and automobile market. The principal area of coverage initially will be South and Central China. "With Chinese government policy emphasizing an environmental component in their push to develop high-tech industries in China, KleenAir is making a key effort to establish strategic partnerships with major Chinese corporations for the exploitation of its automotive pollution control devices," said Lionel Simons, President of KleenAir Systems, Inc., "and we expect this arrangement to provide us access to major elements of the Chinese automotive industry." China South Industries is one of the major industrial conglomerates with major interests in the automotive industry, including a joint venture with Ford to manufacture vehicles in Chongqing, ownership of the China Jialing Group, one of the largest manufacturers of motor cycles with annual output of some 2 million bikes, and many other significant relationships in the automotive and environmental fields. Chengdu Greenland Environmental Protection Technology Ltd specializes in catalytic converters, working with some of China's major domestic automobile manufacturers. As part of the new government regulations requiring Euro 3 emission standards, these companies are looking for Looking for In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with. products that will perform to the new standards, can be manufactured locally, and will at the same time be more competitive price-wise than existing products. "We look forward to introducing advanced catalytic technology from KleenAir to our Chinese OEM automobile customers," said Wen Bo Chen, President, "and have started a test and evaluation program with a major manufacturer." These customers have a total annual requirement for catalytic converters and related pollution control products in excess of 250,000 units. KleenAir is at the cutting edge of automotive emission reduction technology including 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. ), Diesel Particulate Filters, Diesel Oxidizing Catalysts and advanced catalytic technology that significantly reduces nitrogen oxides, carbon monoxide carbon monoxide, chemical compound, CO, a colorless, odorless, tasteless, extremely poisonous gas that is less dense than air under ordinary conditions. It is very slightly soluble in water and burns in air with a characteristic blue flame, producing carbon dioxide; , hydrocarbon and particulates. These pollutants have been shown to be a major contributor to heart and lung disease lung disease Pulmonary disease Pulmonology Any condition causing or indicating impaired lung function Types of LD Obstructive lung disease–↓ in air flow caused by a narrowing or blockage of airways–eg, asthma, emphysema, chronic bronchitis; . Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. Act Disclaimer The statements contained in this release and statements that the company may make orally in connection with this release are not historical fact and 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. Actual results may differ materially from those forward-looking statements, as such statements involve risks and uncertainties that could significantly impact the company's business and the actual outcome and results may differ materially. |
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