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Technology Stocks : Turbodyne Technologies Inc. (TRBDF) -- Ignore unavailable to you. Want to Upgrade?

To: Dr.Rolf W.P.Hensgens who wrote (910)	5/26/1998 9:45:00 AM
From: Papillon	Read Replies (1) \| Respond to of 3458

Turbopac(TM) Chosen As Standard Equipment By Major Manufacturer WOODLAND HILLS, Ca., May 26 /CNW/ - Turbodyne Technologies Inc. (NASDAQ:TRBDF, EASDAQ:TRBD) announced today that a major European vehicle and engine manufacturer has selected Turbodyne's Turbopac(TM) models 1500 and 2200 for incorporation as standard equipment on three classes of engines being manufactured for the 1999 model year. ''This is the first breakthrough for Turbodyne with respect to a major original equipment manufacturer, and is the culmination of more than three years of joint development and product evaluation under the program management of Dr. William Woollenweber, Turbodyne's Executive Vice President,'' said Turbodyne's Chairman Edward Halimi. The decision to select the Turbopac(TM) was finalized earlier this month between executives of the manufacturer and the Turbodyne team, headed by Dr. Woollenweber and including Mr. David Willett, Turbodyne's Vice President of Electronic Power Systems. Final logistical arrangements, exchange of installation drawings, and timetables were discussed last week at the manufacturer's headquarters in Europe, during a visit by Edward Halimi, Turbodyne Europe's Dr. Peter Hofbauer, technical director, and Mr. Peter Kitzinski, financial director, and Mr. John Singleton, Turbodyne's Chief Operating Officer and CFO. According to the terms of the confidential agreement between the companies, Turbodyne is prohibited from disclosing the name of the manufacturer until vehicles and engines equipped with Turbopacs(TM) reach the marketplace for the 1999 model year. Shipments of Turbopacs(TM) to the manufacturer are expected during the fourth quarter of 1998. ''Turbodyne has been conducting joint development and product evaluation programs with most of the major American and European vehicle and engine manufacturers for several years,'' said Dr. William Woollenweber. ''Considering the dramatic performance and fuel economy improvements, emissions reductions and engine cold start capabilities of using Turbodyne technology, we expect selection of Turbodyne products by other manufacturers in the future.'' Turbodyne Systems, the high technology division of Turbodyne, manufactures, designs, markets and develops patented pollution-reduction, fuel economy and performance enhancing technology for internal combustion engines in the automotive, transportation, construction, marine, agriculture, mining, military and power generation industries. Turbodyne's light metals division is a manufacturer of machined aluminum castings and a leading supplier to the automotive industry. Offices and plants are located in Carpinteria, La Mirada, Encinitas and Woodland Hills, CA; Ensenada and Mexico City, Mexico; Northants, England; Frankfurt, Germany; Vancouver, Canada; and Paris, France. TURBODYNE TECHNOLOGIES INC. ''Edward M. Halimi'' ------------------------- Edward M. Halimi Chairman Turbodyne's world wide web address is: turbodyne.com This news release contains forward-looking statements that involve risks and uncertainties concerning the future performance of Turbodyne Technologies and its subsidiaries. Important factors that could cause actual results to differ from those indicated in the forward-looking statements are: the availability and acceptance of the Turbodyne products; the impact of competitive products and pricing; general economic conditions, conditions within the global automotive market, and political changes both domestically and overseas. /For further information: Meredith Lefforge, Turbodyne Media Relations, (800) 350-2031/