Clean Diesel Technologies Addresses Merger and Finalization of Definitive Proxy Materials
01 9월 2010 - 6:52AM
Clean Diesel Technologies, Inc. (Nasdaq:CDTI), a cleantech
emissions reduction company, released the following statement today
from its Board of Directors.
"As has been previously announced, Clean Diesel is party to a
merger agreement with Catalytic Solutions, Inc. Clean Diesel is
moving diligently towards holding the annual meeting of its
stockholders to approve the necessary steps to effect the merger,
and for that purpose Clean Diesel has filed preliminary proxy
materials with the U.S. Securities and Exchange Commission. When
these materials are finalized, definitive proxy materials will be
disseminated to all stockholders. We believe these materials
will fully explain why the board is committed to this course of
action and believes it is in the best interest of Clean Diesel and
its stockholders.
"The board is aware that a group of stockholders is seeking to
call a special meeting of Clean Diesel stockholders and for that
purpose is soliciting signatures on a demand letter. The board
believes that the annual meeting will be an appropriate place to
consider the future course of Clean Diesel and requests that no
action be taken until after its definitive proxy materials are
disseminated.
"In connection with its upcoming annual meeting, Clean Diesel
plans to file definitive proxy materials with the Securities and
Exchange Commission. CLEAN DIESEL STOCKHOLDERS ARE URGED TO READ
THE PROXY STATEMENT WHEN IT IS AVAILABLE BECAUSE IT CONTAINS
IMPORTANT INFORMATION. Investors and security holders may obtain a
free copy of the proxy statement and other material (when
available) and any other documents that may be filed by Clean
Diesel with the Securities and Exchange Commission in connection
with the annual meeting at the Securities and Exchange Commission's
web site at www.sec.gov. Stockholders of Clean Diesel may also
obtain free copies of the proxy statement and other documents filed
by Clean Diesel in connection with the annual meeting by directing
a request to: 10 Middle Street, Suite 1100, Bridgeport, CT 06604,
Attention: Secretary.
"Under applicable regulations of the Securities and Exchange
commission, Clean Diesel and its directors and executive officers
may be deemed to be participants in the solicitation of proxies
from Clean Diesel's stockholders in favor of the proposals to be
presented by Clean Diesel at the Annual Meeting of Stockholders.
Information about these directors and executive officers, including
their beneficial ownership in Clean Diesel, will be included in the
proxy statement that Clean Diesel plans to file with the Securities
Exchange Commission."
About Clean Diesel Technologies, Inc.
Clean Diesel Technologies is a cleantech company providing
sustainable solutions to reduce emissions, increase energy
efficiency and lower the carbon intensity of on- and off-road
engine applications. Clean Diesel's patented technologies and
products allow manufacturers and operators to comply with
increasingly strict regulatory emissions and air quality standards,
while also improving fuel economy and power.
The Company's solutions significantly reduce emissions formed by
the combustion of fossil fuels and biofuels, including particulate
matter (PM), nitrogen oxides (NOx), carbon monoxide (CO) and
hydrocarbons (HC)—without increasing secondary emissions, such as
nitrogen dioxide (NO2). As a result, they are effective for: OEMs,
Tier 1 suppliers and retrofit providers; businesses seeking
solutions and expertise upon entering the emissions control market;
operators requiring compliant emissions solutions; fuel, biofuel
and additive suppliers seeking low emissions and energy efficient
products; and regulators creating public policy. Clean Diesel's
solutions, therefore, are ideal for on-road vehicles and
applications in a wide range of industries, including construction,
mining, agriculture, port/freight handling, locomotive, marine and
power generation.
Clean Diesel develops and manages intellectual property from
original concept to full-scale commercial deployment. Building on
almost 200 granted and pending patents, its offerings include ARIS®
selective catalytic reduction (SCR); the patented combination of
SCR and exhaust gas recirculation (EGR); hydrocarbon injection for
emissions control applications; Platinum Plus® Fuel-Borne Catalyst
(FBC); the Purifier™ family of particulate filter systems; and its
wire mesh particulate filter technologies. The Company was founded
in 1995 and is headquartered in Bridgeport, Connecticut. A
wholly-owned subsidiary, Clean Diesel International, LLC is based
in London, England.
For more information, please visit www.cdti.com.
The Clean Diesel Technologies, Inc. logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=5742
Safe Harbor
Certain statements in this news release constitute
"forward-looking statements" within the meaning of the Private
Securities Litigation Reform Act of 1995. Such forward-looking
statements involve known or unknown risks, including those detailed
in the company's filings with the U.S. 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.
CONTACT: Clean Diesel Technologies, Inc.
John Wynne, Vice President, Treasurer and
Interim Chief Financial Officer
(203) 416-5290
jwynne@cdti.com
Clean Diesel (LSE:CDT)
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