Leveraging SPGM™ Advanced Materials Technology
Marketing Complete Solutions of OEM-Quality Replacement Parts
OXNARD, Calif., Oct. 27, 2015 (GLOBE NEWSWIRE) -- Clean Diesel Technologies, Inc. (Nasdaq:CDTI) ("CDTi" or "the Company"), a leader in advanced emission control technology, introduced the DuraFit™ Diesel Oxidation Catalyst (DOC) for the heavy duty aftermarket. Leveraging CDTi's synergized-platinum group metal (SPGM™) technology, this original equipment manufacturer (OEM) quality DOC transforms exhaust stream pollutants into less harmful compounds, enhances Diesel Particulate Filter (DPF) performance and reduces the need for costly platinum group metals (PGMs). First sales of DuraFit DOCs are expected by the end of 2015.
"We believe DuraFit DOCs, the latest commercialization of our advanced materials technology, deliver substantial value to customers across a range of automotive markets," stated Eric Bippus, CDTi's Executive Vice President of Sales and Marketing. "With our DuraFit DPFs and DOCs, CDTi becomes the leading provider of cost-effective replacement products for the large and fast-growing medium and heavy diesel aftermarket. We believe the total market for DPF and DOC replacements approaches $450 million, which represents a significant opportunity for CDTi. Now fleets and regional and national distributors can take advantage of our complete solutions."
Jay Miller, President of DieselUSA Group, Inc., a CDTi master distributor, stated: "We welcome CDTi's OEM-quality DOC solution backed by their DuraFit two-year, unlimited mileage warranty. Now we can offer our fleet and owner-operator customers the improved lifetime value provided by a DuraFit DOC, which cuts exhaust pollution and reduces PGM costs."
Diesel Oxidation Catalyst (DOC)
A diesel oxidation catalyst, or DOC, is a device that utilizes complex chemical processes to transform hazardous pollutants from diesel engines, turning them into less harmful exhaust, similar to an automobile's catalytic converter. DOCs are normally honeycombs coated with an active catalyst formulation, engineered in combination with a DPF, to dramatically reduce particulate matter (PM) by 90% along with reducing other dangerous gaseous emissions by 50% to 70%.
CDTi manufactures and distributes vehicle emissions control products that leverage its advanced materials technology. CDTi's proprietary technologies provide high-value sustainable solutions to reduce hazardous emissions, increase energy efficiency and lower the carbon intensity of on- and off-road combustion engine systems. With a continuing focus on innovation-driven commercialization and global expansion, CDTi's breakthrough Powder-to-Coat (P2C™) technology exploits its high-performance, advanced low-platinum group metal (PGM) emission reduction catalysts. Key technology platforms include Mixed Phase Catalyst (MPC®), Base Metal Activated Rhodium Support (BMARS™), Synergized PGM (SPGM™), Zero PGM (ZPGM™) and Spinel™. Headquartered in Oxnard, California, CDTi has operations in Canada, Japan, the United Kingdom and Sweden. For more information, please visit www.cdti.com.
Certain information contained in this press release constitutes forward-looking statements, including any statements contained herein 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", "promises", 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 press release, the Company includes forward looking statements regarding CDTi's DuraFit Docs, their ability to deliver substantial value to customers by providing cost-effective replacement products and the potential market for their products. 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) any inability by CDTi to (1) realize the benefits of investments; (2) successfully transition into an advanced materials supplier; (3) execute its strategic priorities; (4) commercialize its technology due to agreements with third parties; (5) protect its intellectual property; (6) obtain verifications, approvals or market acceptance of its products or technology; or (7) achieve anticipated results; (ii) changes in or lack of enforcement of or funding for emissions programs, regulations or standards; (iii) competitive conditions; (iv) prices of PGM and rare earth metals; (v) intellectual property infringement allegations; (vi) inability to meet emissions control standards; and (vii) 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.
Source:Clean Diesel Technologies, Inc.