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CDTi Announces New Honda Vehicle Award

Stocks in this article: CDTI

VENTURA, Calif., March 11, 2014 (GLOBE NEWSWIRE) -- Clean Diesel Technologies, Inc. (Nasdaq:CDTI) ("CDTi" or the "Company"), a leader in advanced emissions control solutions, announced that it has begun production of catalysts featuring CDTi's high-performance Mixed Phase Catalyst (MPC ®) technology for Honda's 2015 Acura TLX model. Shipments are expected to commence in the first half of 2014.

Along with the Acura TLX, CDTi also provides its catalyst solutions to Honda for North American versions of their four- and six-cylinder Accord, Acura TSX and RLX, as well as Hybrid and Plug-In Hybrid models.

The MPC ® design is focused on superior thermal stability, giving its catalyst products critical attributes that differentiate them from competing offerings:

  • Significantly improved performance for a given level of precious metals — to meet increasingly stringent emissions standards and powertrain diversification; and
  • Greatly reduced precious metal loadings to achieve a given emission standard.

"We are proud to be named Honda's catalyst supplier for the 2015 Acura TLX. Having our advanced catalyst technologies on a growing number of Honda vehicle platforms—currently 6— is a testament to CDTi's ability to provide market-leading solutions to our customers. The demand for greater emission reduction continues to grow across all vehicle segments as evidenced by the recent U.S. Environmental Protection Agency's announcement of Tier 3 standards. Our MPC ® technology is well suited to meet this trend. We are continually evolving our technologies to assure our customers are supplied with catalyst products that give them sustainable performance and cost advantage in the highly competitive environment they face," said Nikhil Mehta, Office of the CEO and Chief Financial Officer.

CDTi's Catalyst division began delivering catalysts to Honda in 2001 — offering a unique combination of high performance and low platinum group metal content, resulting in significant economic benefits. Since then, CDTi's catalysts have been sourced for new model programs that typically span four to five years, including the popular model years 2004, 2008 and 2013 Accord as well as other existing and new Honda models.

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