To: Jim Oravetz who wrote (212 ) 8/31/2000 9:11:35 PM From: Jim Oravetz Read Replies (1) | Respond to of 298 The OEM interest in IMPCO's fuel storage and delivery systems remains robust as evidenced by our recent announcement with Hyundai to provide fuel storage and delivery for their fuel cell powered Santa Fe SUV, which will be demonstrated this fall in conjunction with the California Fuel Cell Project. Additionally, we have extended our alternative fuel OEM production program with GM to continue past the middle of the decade. We are aggressively pursuing alternative fuel and fuel cell related programs with other OEMs at the present time." Other significant recent developments have included: -- On August 24, 2000 IMPCO announced the appointment of JD Power III to the Board of Directors of IMPCO. Mr. Power is the Chairman of J.D. Power & Associates, one of the most prestigious marketing information firms in the World. -- On June 12, 2000 IMPCO announced that it had formed a strategic technology alliance with NASA Space Shuttle rocket booster manufacturer, Thiokol Propulsion, Alcoa Industrial Components Group, a subsidiary of Alcoa, Inc., (NYSE: AA, news, msgs). The alliance allows IMPCO to advance the commercialization of Thiokol's unique composite conformable hydrogen fuel storage technology for the emerging automotive fuel cell markets and to utilize their strong missile based hydrogen fuel expertise. -- On June 5, 2000 IMPCO disclosed that it had been awarded a $2.6 million contract from the Department of Energy to design, prototype and produce ultra-lightweight production hydrogen tanks for demonstration on two vehicle programs in association with the DOE's Lawrence Livermore National Laboratory. Source: earning release Jim