Clean Diesel Technologies Announces Compliance With NASDAQ Listing Requirements
28 August 2010 - 3:01AM
Clean Diesel Technologies, Inc. ("CDTI") (Nasdaq:CDTI), a cleantech
emissions reduction company providing sustainable solutions to
reduce emissions, today announces it has cured its deficiencies
under the independent director and audit committee requirements for
continued listing on The NASDAQ Capital Market set forth in Listing
Rules 5605(b)1 and 5605(c)2 (the "Rules").
Based on the recent appointment of Frank J. Gallucci and David
W. Whitwell to the Company's Board of Directors and audit
committee, NASDAQ has determined that Clean Diesel is in compliance
with the Rules.
About Clean Diesel Technologies, Inc.
Clean Diesel Technologies 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 significantly reduce emissions formed by
the combustion of fossil fuels and biofuels, including particulate
matter (PM), nitrogen oxides (NOx), carbon monoxide (CO) and
hydrocarbons (HC) -- without increasing secondary emissions, such
as nitrogen dioxide (NO2). As a result, they are effective for:
OEMs, Tier 1 suppliers and retrofit providers; businesses seeking
solutions and expertise upon entering the emissions control market;
operators requiring compliant emissions solutions; fuel, biofuel
and additive suppliers seeking low emissions and energy efficient
products; and regulators creating public policy. Clean Diesel's
solutions, therefore, are ideal for on-road vehicles and
applications in a wide range of industries, including construction,
mining, agriculture, port/freight handling, locomotive, marine and
power generation.
Clean Diesel develops and manages intellectual property from
original concept to full-scale commercial deployment. Building on
almost 200 granted and pending patents, its offerings include ARIS®
selective catalytic reduction (SCR); the patented combination of
SCR and exhaust gas recirculation (EGR); hydrocarbon injection for
emissions control applications; Platinum Plus® Fuel-Borne Catalyst
(FBC); the Purifier™ family of particulate filter systems; and its
wire mesh particulate filter technologies. The Company was founded
in 1995 and is headquartered in Bridgeport, Connecticut. A
wholly-owned subsidiary, Clean Diesel International, LLC is based
in London, England.
For more information, please visit www.cdti.com.
The Clean Diesel Technologies, Inc. logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=5742
Safe Harbor
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.
CONTACT: Clean Diesel Technologies, Inc.
John Wynne, Vice President, Treasurer
and Interim Chief Financial Officer
(203) 416-5290
jwynne@cdti.com
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