Clean Diesel Technologies Annual General Meeting in London.STAMFORD, Conn. -- Clean Diesel Technologies Inc. ("Clean Diesel" or CDT) (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :CDTI CDTI Centro Para el Desarrollo Tecnológico Industrial (Spain) CDTI Cockpit Display of Traffic Information CDTI Common rail Diesel Turbo Injection CDTI Commercial Driver Training Institute (Pakistan) ) (AIM:CDT) (AIM:CDTS CDTS Continental Divide Trail Society CDTS Combat Development Tracking System CDTS Computer Directed Training System CDTS Clinic for Developmental Therapy Services CDTS Centralized Digital Telecommunications System ), a developer of chemical and technological solutions to reduce harmful engine emissions, announced today at its Annual General Meeting (AGM) in London increased growth opportunities for its diesel retrofit technologies, progress on distribution agreements, major programs with engine manufacturers, new patents on its NOx reduction system and the successful completion of testing with the U.S. Environmental Protection Agency Environmental Protection Agency (EPA), independent agency of the U.S. government, with headquarters in Washington, D.C. It was established in 1970 to reduce and control air and water pollution, noise pollution, and radiation and to ensure the safe handling and ("EPA EPA eicosapentaenoic acid. EPA abbr. eicosapentaenoic acid EPA, n.pr See acid, eicosapentaenoic. EPA, n. "). Dr. Bernhard Steiner, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , reported that the company has made substantial progress in the last nine months. Particular emphasis has been placed on developing the customer base and bringing the company's excellent technologies to market. The company has an agreement with Mitsui to purchase its catalyzed wire-mesh filter technology. This gives Clean Diesel a complete suite of technologies ranging from 25 percent reduction to up to 99 percent of diesel particulates. With over 30 million existing diesels in Europe, U.S. and Asia under pressure to be cleaned up under retrofit programs, and 11 million of new diesels expected to be produced annually with lower emissions levels being phased in worldwide, the opportunities for the company's emission reduction technologies have never been better. New arrangements for distribution and development for the Platinum Plus fuel-borne catalyst (FBC) were reported for the U.S. and Europe, including programs with Rhodia, Dinex and Fleetguard. Several specific OEM programs have been initiated to demonstrate CDT's lower cost and better performance emission-reduction systems for the new low-emission reduction engines scheduled to be introduced in 2007 and 2008. As previously announced, the results of additional platinum testing for the EPA showed platinum emissions hundreds to thousands of times below standards for safe exposure. With the company's markets being driven significantly by known and likely legislation, the future of the company looks very promising. At the AGM, all resolutions were approved by shareholders, including the appointment of John J. McCloy John Jay McCloy (March 31, 1895, Philadelphia, Pennsylvania – March 11, 1989, Stamford, Connecticut) was a lawyer and banker who later became a prominent United States presidential advisor. II as a director. 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 ARIS American Religious Identification Survey ARIS Architecture of Integrated Information Systems ARIS Active Rack Isolation System ARIS Aggregate Route-based IP Switching ARIS Agentia Romana pentru Investitii Straine (R) 2000 urea injection systems for 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. 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 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. 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. |
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