CDTi Announces New Advanced Materials Technology
(Thomson Reuters ONE) -
Initial Benchmarking Shows High Performance With Dramatically Lower PGMs
OXNARD, Calif., May 5, 2015 (GLOBE NEWSWIRE) -- Clean Diesel Technologies, Inc.
(Nasdaq:CDTI) ("CDTi" or "the Company"), a leader in advanced emission control
technology, released preliminary engine and vehicle test results for its new
synergized-platinum group metal (SPGM(TM)) diesel oxidation catalyst (DOC)
technology. In these initial tests, CDTi's SPGM(TM) DOC achieved emission
control and system performance comparable to a leading original equipment
manufacturer (OEM) catalyst product while slashing PGM usage by over 80%. The
SPGM DOC technology represents another breakthrough in CDTi's advanced materials
research program aimed at significantly reducing or eliminating the need for
costly PGMs in emission control catalysts.
Chris Harris, CDTi's President and CEO, stated: "Beyond the light duty vehicle
market, heavy duty DOCs are a major opportunity for our advanced materials
technology. These initial engine and vehicle tests for our SPGM DOC technology
are the first in a series of key development milestones. They further
demonstrate our ability to invent innovative materials to create significant
value propositions in a range of downstream markets. We intend to commercialize
our SPGM DOC technology through OEMs and retrofit catalyst suppliers via our
powder-to-coat business model as well as incorporate it into our DuraFit(TM)
line of diesel replacement parts."
The DOC is a major component of diesel emission control systems worldwide.
Current designs are heavily reliant on high levels of platinum and palladium for
conversion of carbon monoxide (CO) and hydrocarbons (HC), and for the oxidation
of nitric oxide (NO) to nitrogen dioxide (NO2) to feed the downstream
particulate filter and selective catalytic reduction systems. OEMs spent almost
$1.0 billion on PGMs for heavy duty diesel vehicle catalysts in 2012 according
to information derived from Johnson Matthey PLC's "Platinum 2013" report. CDTi
estimates that the vast majority of this spend was for DOCs.
CDTi's SPGM DOC technology is expected to be the first of many planned
applications of its new powder capability. The Company has filed patents
covering its SPGM DOC design that establishes a synergy between its proprietary
catalytic powder and extremely low levels of PGM.
"We believe our newest proprietary materials will enable OEMs, industry coaters
and other catalyst manufacturers to dramatically reduce PGM usage while meeting
more stringent emission requirements. Our large and growing portfolio of low-
PGM, SPGM, and zero-PGM (ZPGM(TM)) patents underpins our advanced materials
platform. We also expect to report initial vehicle test results on additional
new generation catalysts, including Spinel(TM), in the near future," concluded
Harris.
The SPGM DOC was road-tested on an urban transit bus powered by a 2007 Cummins
ISL 8.9 liter engine. It had equivalent performance to an EPA certified OEM DOC
using only 1.5 grams (4.75 g/ft(3)) of PGM compared to the OEM catalyst's 11.0
grams (35 g/ft(3)). Further benchmark testing was done at an outside facility
that demonstrated the SPGM DOC had equivalent performance to the DOC in a Euro
VI certified system using 38 g/ft(3) (see link to chart below). In addition, an
emission control system supplier evaluated CDTi's SPGM DOC and demonstrated
equivalent filter regeneration performance at just 7% of the PGM loading of its
current DOC.
Benchmark Testing of Euro VI Certified System
http://media.globenewswire.com/cache/9503/file/33860.pdf
Supplementary technical information on CDTi's SPGM DOC technology will be
available on the company's website at www.cdti.com/spgmdoc.
About CDTi
CDTi manufactures and distributes vehicle emissions control products that
leverage its advanced materials technology. CDTi utilizes its proprietary
patented Mixed Phase Catalyst (MPC®) technology and other related technologies
to provide high-value sustainable solutions to reduce emissions, increase energy
efficiency and lower the carbon intensity of on- and off-road combustion engine
systems. Reflecting its continued focus on innovation, CDTi is developing and
commercializing proprietary advanced low-platinum group metal (PGM) catalysts
including synergized-PGM (SPGM(TM)), as well as zero-PGM (ZPGM(TM)) catalysts.
CDTi is headquartered in Oxnard, California and has operations in the U.K.,
Canada, France, Japan and Sweden. For more information, please visit
www.cdti.com.
Forward-Looking Statements
Certain information contained in this press release constitutes forward-looking
statements, including any statements that are not statements of historical fact.
You can identify these forward-looking statements by the use of the words
"believes", "expects", "anticipates", "plans", "may", "will", "would",
"intends", "estimates", and other similar expressions, whether in the negative
or affirmative. Forward-looking statements are based on a series of
expectations, assumptions, estimates and projections which involve substantial
uncertainty and risk. In this document, the Company includes forward looking
statements regarding goals, opportunities, value propositions, CDTi's intentions
to commercialize technology, planned applications, anticipated benefits of
CDTi's key enabling powder materials and other products and technologies, and
expected results and developments. In general, actual results may differ
materially from those indicated by such forward-looking statements as a result
of risks and uncertainties, including, but not limited, to (i) the failure of
SPGM DOC technology to achieve anticipated results; (ii) that the Company may
not be able to (a) decrease costs, (b) increase sales, (c) obtain adequate
funding, (d) retain or secure customers and dependence on a few major customers,
(e) protect its intellectual property, (f) successfully evolve into an advanced
materials supplier or, even if successful, increase profitability, (g)
successfully market new products; (h) obtain product verification or approvals,
(i) attract or retain key personnel, or (j) realize benefits from investments;
(iii) prices of PGM and rare earth metals; (iv) royalty and other restrictions
on sales in certain Asian countries; (v) supply disruptions or failures; (vi)
regulatory, marketing and competitive factors; (vii) environmental harm or
damages; and (viii) other risks and uncertainties discussed or referenced in the
Company's filings with the Securities and Exchange Commission, including its
most recent Annual Report on Form 10-K. In addition, any forward-looking
statements represent the Company's estimates only as of the date of such
statements and should not be relied upon as representing the Company's estimates
as of any subsequent date. The Company specifically disclaims any obligation to
update forward-looking statements. All forward-looking statements in this press
release are qualified in their entirety by this cautionary statement.
CONTACT: Becky Herrick or Cathy Mattison
LHA (IR Agency)
+1 415 433 3777
bherrick(at)lhai.com
cmattison(at)lhai.com
This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Clean Diesel Technologies, Inc. via GlobeNewswire
[HUG#1918730]
Datum: 05.05.2015 - 15:00 Uhr
Sprache: Deutsch
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