Clean Diesel Technologies Announces Commercial Agreement With MJLF & Associates
22 9월 2010 - 6:09AM
Clean Diesel Technologies, Inc. ("CDTI") (Nasdaq:CDTI), a cleantech
emissions reduction company, today announced that it has reached a
commission agent agreement with MJLF & Associates, Inc.
("MJLF"), a prominent shipbroker known for its leadership in
worldwide shipping markets including chartering, sale, purchase and
new construction. MJLF's far reaching relationships with ship
owners and fuel suppliers, their involvement in the economic and
regulatory trends impacting them, and CDTI's strategy to expand its
emission reduction business into the growing marine and off-road
market segments creates a synergistic intersection and a means for
each company to expand its mutual business interests by leveraging
respective core competencies. For CDTI, the relationship with
MJLF is a key component of its strategy to utilize a specialized
network of distributors to address market opportunities for its
Platinum Plus® fuel additive and Purifier® family of emission
control products more efficiently and cost effectively than ever
before. For MJLF, the relationship provides an opportunity to
supply additional value to global customers. Under the terms
of the agreement, MJLF will identify key distributors for CDTI's
fuel additive and emission control products in the marine and
locomotive market segments.
Clean Diesel's CEO and President Michael L. Asmussen stated,
"This agreement is the product of several months of work and
represents a significant step forward in our strategy to
aggressively address two growing market segments critical to CDTI's
long term success. While previous attempts to penetrate these
markets directly have not delivered the desired result, we are
confident that MJLF's worldwide presence and extensive relationship
network with large target customers will provide the visibility and
credibility we need to build our high value fuel efficiency and
emission control business across the globe. CDTI looks forward
to a long and successful partnership with MJLF."
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
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