KleenAir Sale for New York City Transit.Business Editors/Automotive Writers/Environment Writers IRVINE, Calif.--(BUSINESS WIRE)--May 1, 2003 KleenAir Systems Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :KAIR), announces receipt of an order from Johnson Matthey Inc. of nearly $200,000 for several hundred units of its CarbonGuard(TM) Thermal Management System. These systems are intended to enhance performance of the particulate filters ordered by New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. Transit for retrofitting on part of their bus fleet. The CarbonGuard(TM) is a proprietary product of KleenAir's wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. , Carbon Cloth Technologies, Inc. (CCT CCT Circuit CCT Commission Canadienne du Tourisme (Canadian Tourism Commission) CCT Correlated Color Temperature CCT Common Customs Tariff (EU) CCT Certificate of Completion of Training ). This product retains heat generated by engine exhaust. It helps to achieve the temperature parameters required for a particulate filter to regenerate in order to remove accumulated soot particles. This sale is part of a continuing program of retrofit upgrade of NYTC NYTC New York Times Company NYTC National Youth Theatre Company (New Zealand) NYTC National Youth Training Choir buses and additional significant orders are anticipated over the coming months. "CarbonGuard(TM) technology has been developed to ensure reliable performance of particulate filters under the most difficult conditions of cold weather and `stop-and-go' applications typical of urban buses," said Robert Gooliak, President of CCT, "and we anticipate a burgeoning market not only for particulate reduction but also in other heat sensitive emission reduction applications such as 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. ) systems." The CarbonGuard(TM) has already proven itself in service on New York City Transit Buses New York City Transit Authority (NYCTA) and its subsidiary, the Manhattan and Bronx Surface Transit Operating Authority (MaBSTOA), both branded as MTA New York City Bus, operates roughly 4500 buses[6] on about 200 local and 40 express routes[7] and has helped to reduce expensive downtime on buses and to reduce filter maintenance costs. In addition, prototypes for a variety of applications are with a number of major automotive manufacturers in the US and in Europe. Some of these applications include OEM use of the product as an integral part of heavy-duty vehicles which are to be delivered with built-in particulate filters and SCR systems. KleenAir is at the cutting edge of Selective Catalytic Reduction (SCR) technology that significantly reduces nitrogen oxides. KleenAir owns the patented and unique computer controlled ammonia system, the NOxMaster(R), which, when injected into the exhaust stream, interacts with NOx produced during combustion. The result converts environmentally hazardous NOx into harmless nitrogen and water. In addition, the company's exclusive and unique converters significantly reduce particulates as well as hydrocarbons (HC) and carbon monoxide (CO). These pollutants have been shown to be a major contributor to heart and lung disease. Safe Harbor 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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