Message #2 From:
Stock News Bot Date: April 7, 2008 08:19:02 AM
Clean Diesel Purifier(TM) e4 Receives Approval for Scottish Government Emissions Reduction Register
Building on Successful London Low Emission Zone Certification,
Clean Diesel Now Provides Verified Emissions Reduction Solutions in
Scotland
Clean Diesel Technologies, Inc. (NASDAQ:CDTI; XETRA:CDIA; AIM:CDT), the
cleantech emissions reduction company, today announced approval for the
inclusion of their Purifier e4 retrofit technology in the Scottish
Government Emissions Reduction Register program.
The Scottish Government recently launched an Air Quality Grant Scheme to
provide funding to local authorities to retrofit vehicles they operate
with particulate matter (PM) reduction equipment. The Scheme aims to
support local authorities in improving air quality as part of their
statutory local air quality management responsibilities. Implementation
of the Scheme will be supported by the Scottish Government Emissions
Reduction Register (SGERR) and managed by the Energy Saving Trust (EST).
Clean Diesel CEO, Bernhard Steiner stated, “We
are pleased that our solutions are playing an increasingly significant
part in global emissions reduction and air quality improvement. By
supporting the Scottish Government Emissions Reduction Register, we
build on our success as an approved provider in the London Low Emission
Zone, and enable more vehicles throughout the UK to reduce particulate
matter emissions without increasing levels of harmful NO2.”
As a part of the Air Quality Grant Scheme, local authorities in Scotland
are offered grants covering 30% of the total cost of retrofit
implementation. A total grant budget of £2
million is available over two years. Only technologies on the EST
register of approved suppliers and equipment are eligible for funding
under the plan. Clean Diesel’s Purifier e4 is
now a part of this register.
To qualify for the EST register, technologies must reduce PM by a
minimum of 85% and show no increase in NO2. Many
highly catalyzed retrofit systems that reduce particulate matter
emissions increase NO2 levels. However, Clean
Diesel’s Purifier e4 solution achieves PM
reduction without this compromise - which ultimately will protect both
the natural environment and human health. The scientific community’s
increased concern about the role of rising NO2
levels in deteriorating urban air quality is likely to create growth
opportunities for providers of such low-NO2 systems.
This development follows Clean Diesel’s London
Low Emission Zone certification in October 2007 and demonstrates Clean
Diesel’s increasing penetration into the
global emissions reduction market.
About Clean Diesel Technologies
Clean Diesel Technologies (NASDAQ: CDTI) 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, which are in commercial use worldwide, significantly reduce
emissions formed by the combustion of fossil fuels and biofuels,
including particulate matter (PM), nitrogen oxides (NOx), carbon
monoxide and hydrocarbons. Clean Diesel solutions also reduce carbon
dioxide (CO2) emissions, a key greenhouse gas
associated with global climate change.
Clean Diesel develops and manages intellectual property from original
concept to full-scale commercial deployment. Its offerings include ARIS®
Selective Catalytic Reduction (SCR); the patented combination of SCR and
Exhaust Gas Recirculation; hydrocarbon injection for emissions control
applications; Platinum Plus® Fuel-Borne
Catalyst (FBC); the Purifier™ family of
particulate filter systems; and its Wire Mesh Filter particulate filter
technologies. The Company was founded in 1995 and is headquartered in
Stamford, Connecticut. A wholly owned subsidiary, Clean Diesel
International, LLC, is based in London, England. For more information,
please visit www.cdti.com.
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.
Matter Communications (Technical press inquiries) Jacqueline
Volovich, +1 978-499-9250 x236 Jackie@matternow.com or Clean
Diesel Technologies, Inc. Dan Skelton, +44 1883 629 090 dskelton@cdti.com or Charles
Stanley Securities Nominated Advisors Philip Davies, +44 20
7149 6457 philip.davies@csysecurities.com or Innovator
Capital Limited (Financial press inquiries) Shaun Brown Jade
Summer +44 20 7297 6840 jade.summer@innovator-capital.com.
