SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Non-Tech : IMPCO Technologies (IMCO), formerly AirSensors (ARSN) -- Ignore unavailable to you. Want to Upgrade?


To: Jim Oravetz who wrote (230)12/15/2000 7:24:48 AM
From: Jim Oravetz  Read Replies (1) | Respond to of 298
 
Eastern Europe's Vast Market Plays Role in IMPCO Partnership

Russia Moves Ahead With Development of Energy Strategy Aimed at Converting A
Potential of 100,000 Vehicles to Alternate Fuels

CERRITOS, Calif., Dec. 11 /PRNewswire/ -- IMPCO Technologies, Inc. (Nasdaq: IMCO) announced today that it has joined a consortium of Russian, Polish and U.S. companies that are engaged in the development of alternative fuel infrastructure and vehicle usage in Russia.

This consortium will plan, develop and distribute state-of-the-art propane fueling stations and vehicle conversion centers. The initial project entails 400 new stations with vehicle conversion capabilities in the Moscow area alone. Russia is a leading producer of natural gas, which can also be easily converted into propane. With the retail price of natural gas being approximately one-third the price of gasoline, there is significant incentive for the fleet transportation market, estimated at 100,000 vehicles, to convert to alternate fuels.

Mr. Dennis Hartman Vice President and General Manager of the Gaseous Fuel Products Division said, "IMPCO is gratified to be a part of this significant project. Not only will this effort contribute to improved air quality in the major cities of Russia, it will afford the vehicle user the benefit from the significant alternate fuel cost advantage versus gasoline in Russia."

The consortium will use IMPCO alternate fuel system products, technologies and on-site training and educational techniques to ensure the vehicle conversions are completed to the highest standards for long-term performance and reduced vehicle emissions. Russia has had a long history with alternate fuel vehicles starting back as far as 1936. Many of Russia's main highways have alternate fuel filling stations in place already with more being installed. Sources in Russia state that supply of natural gas alone will increase 15-20% this year, making IMPCO's entrance timely and viable.

To learn more about IMPCO products visit the company web site at www.impco.ws/products_&_services.htm.

This is great news. Hopefully LOTS of conversion kits will come out of this.
Jim