This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Clean Diesel Technologies, Inc. Receives Expanded CARB Verification; Poised To Provide Emission Reduction Systems Under California's Truck And Bus Regulation

VENTURA, Calif., Feb. 13, 2012 /PRNewswire/ -- Clean Diesel Technologies, Inc. (NASDAQ:CDTI) ("Clean Diesel" or the "Company"), a cleantech emissions reduction company, is pleased to announce that the California Air Resources Board, or "CARB," has expanded their verification (approval) of the Company's ECS Purifilter® brand emission reduction product to now include larger control devices aimed at heavy duty on-road vehicle engines up to 16.0 liters and 625 horsepower. This verification further increases the wide variety of vehicle engines that Clean Diesel is approved to retrofit and provides an expanded opportunity for the Company's retrofit business under the current CARB Truck and Bus Regulation. Clean Diesel estimates that this Regulation will require well over 100,000 heavy duty diesel trucks to be replaced or retrofitted.

The CARB Truck and Bus Regulation applies to a variety of diesel-fueled trucks and buses. The purpose of the Regulation is to reduce emissions from in-use trucks and buses in order to meet federally imposed clean air standards and to reduce the adverse health effects from truck and bus pollution. For heavier trucks and buses, the regulation mandates that all 1996 through 2006 diesel trucks in Class 7 (gross vehicle weight of 26,001-33,000 pounds) and Class 8 (gross vehicle weight greater than 33,000 pounds) be retrofitted with diesel particulate filters, if not so equipped, to meet state emission standards between 2012 and 2016, with 90% required by year end 2014.

"The Purifilter® brand product is a proven and extremely effective emission reduction system, and the new larger device sizes added by this expansion enable us to provide solutions for some of the largest capacity engines used in California," said Lyndon Smith, Clean Diesel's Vice President and General Manager. "Our turnkey evaluation and installation process, combined with our California-based engineering resources, enables us to provide both verified products and immediate support to our customers to help ensure their compliance with government regulations," added Mr. Smith.

CARB has classified the Company's ECS Purifilter® line of products as "Level 3 Plus" devices. This designation requires reducing emissions of diesel particulate matter greater than or equal to 85 percent and meeting the 2009 nitrogen dioxide emission limit – both of which are key government emission reduction requirements. Clean Diesel's CARB-compliant line of ECS Purifilter® brand systems are ideal for use in retrofitting of municipal vehicles, school buses and heavy trucks alike. Full verification details are available on the CARB website at www.arb.ca.gov.

CARB-compliance information website

In order to assist fleet owners, dealers, distributors and others interested in learning more about CARB initiatives and staying apprised of current regulations, Clean Diesel has launched a dedicated CARB-compliance information website. The website, www.CARBcompliance.info, is hosted by Clean Diesel's wholly-owned subsidiary, Engine Control Systems. The website is also accessible from www.cdti.com, and includes important up-to-date CARB news and resources, a step-by-step detailed fleet conversion process, a listing of the Company's line of emission reduction systems and a list of dealers and distributors in California who are authorized to sell Clean Diesel products.

About Clean Diesel Technologies, Inc.

Clean Diesel is a vertically integrated global manufacturer and distributor of emissions control systems and products, focused on the heavy duty diesel and light duty vehicle markets. Clean Diesel utilizes its proprietary patented Mixed Phase Catalyst (MPC®) technology, as well as its ARIS® selective catalytic reduction, Platinum Plus® fuel-borne catalyst, and other technologies to provide high-value sustainable solutions to reduce emissions, increase energy efficiency and lower the carbon intensity of on- and off-road engine applications. Clean Diesel is headquartered in Ventura, California and currently has operations in the U.S., Canada, U.K., France, Japan and Sweden. For more information, please visit www.cdti.com.

Forward-Looking Statements Safe Harbor

Certain statements in this news release, such as the demand for our retrofit products and the estimate of the number of trucks that will need to comply with the CARB regulations, 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 Clean Diesel's filings with the U.S. Securities and Exchange Commission, uncertainties and other factors that may cause the actual results, performance or achievements of Clean Diesel 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. Clean Diesel assumes no obligation to update the forward-looking information contained in this release.

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 16,943.81 +28.74 0.17%
S&P 500 1,967.57 +2.89 0.15%
NASDAQ 4,415.49 +19.2860 0.44%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto
Advertising Partners

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs