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13:06 | 04.06.2008
DJ HUGIN NEWS/Clean Diesel Strengthens Organization in Direct Response to Global Growth
DJ HUGIN NEWS/Clean Diesel Strengthens Organization in Direct Response to Global Growth
Corporate news announcement processed and transmitted by Hugin ASA.
The issuer is solely responsible for the content of this
announcement.
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Stamford, CT - June 4, 2008 - Clean Diesel Technologies, Inc.
(NASDAQ:CDTI; XETRA:CDIA; AIM:CDT), the cleantech emissions reduction
company, today announced the strengthening of its worldwide
organization in direct response to rapid business growth and new
opportunities for Clean Diesel products throughout the world.
"This prudent expansion of Clean Diesel's business team through the
addition of new leadership positions and the growth of existing roles
is a logical outcome of our significant increase in commercial
activity worldwide," said Dr. Bernhard Steiner, CEO of Clean Diesel
Technologies. "In Europe, demand for Clean Diesel emissions reduction
technologies and solutions continues to grow in response to strict
compliance requirements for new diesel engines and from the
proliferation of new low emission zones (LEZ) being planned in major
European cities."
"Furthermore, Clean Diesel's recent announcement of a licensing
agreement in China signaled the start of new business opportunities
throughout the Asia Pacific region. The rapid industrialization of
this region and the consequent deterioration of air quality,
combined with new government legislation, are creating one of the
world's largest markets for emissions reduction solutions," added Dr.
Steiner.
"To support our global sales initiatives, we have also filled a key
marketing and strategy position to communicate a clear and consistent
message across all markets. The growth and expanded focus of the
Clean Diesel team will allow us to concentrate our efforts on
effectively addressing these global opportunities," continued Dr.
Steiner.
Dan Skelton, formerly Commercial Director, Europe, has been promoted
to Vice President, Europe, reporting to Tim Rogers, Executive Vice
President, International. In this position, Dr. Skelton will assume
operational responsibility for Europe, allowing Rogers to focus his
attention on the important growth markets in Asia, including China
and India. These changes complement the recent appointment of Klaus
Schmidt as Manager of German Operations, reporting to Dr. Skelton.
In addition, the recent appointment of John Lash as Senior Director,
Strategic Development, brings a global lead to the Company's
marketing and strategic development activities.
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(TM) 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.
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Contacts:
Crescendo Communications, LLC Clean Diesel Technologies, Inc.
(U.S. investor contact) Tim Rogers
David K. Waldman / Klea Theoharis +44 1883 629090
+1 212 671 1020 trogers@cdti.com
cdti@crescendo-ir.com
Innovator Capital Limited Charles Stanley Securities
(Financial press inquiries) Nominated Adviser
Shaun Brown / Jade Summer Philip Davies / Freddy Crossley
+44 20 7297 6840 Tel: +44 20 7149 6457
jade.summer@innovator-capital.com
Matter Communications
(Technical press inquiries)
Jacqueline Volovich
+1 978 499 9250 x236
jackie@matternow.com
The press release can be downloaded from the following link:
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Clean Diesel Technologies, Inc.
300 Atlantic Street, Suite 702
Stamford, CT USA
WKN: 898074; ISIN: US18449C1045;
Listed: Xetra Stars in Frankfurter
Wertpapierbörse;
http://www.cdti.com
Copyright © Hugin AS 2008. All rights reserved.
(END) Dow Jones Newswires June 04, 2008 07:06 ET (11:06 GMT) |
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