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Gold/Mining/Energy : Global Platinum & Gold (GPGI) -- Ignore unavailable to you. Want to Upgrade?

To: Richard Mazzarella who wrote (6504)	7/1/1998 9:49:00 AM
From: dvid	Read Replies (1) \| Respond to of 14226

From the "Why didn't I think of that" department. Burning PGMs. BW1066 JUN 29,1998 4:35 PACIFIC 07:35 EASTERN ( BW)(CLEAN-DIESEL-TECH)(CDTIC) Clean Diesel Technologies Receives Broad-Based U.S. Patent for Platinum Group Metals as Diesel, Gasoline Additives Business Editors STAMFORD, Conn.--(BUSINESS WIRE)--June 29, 1998--Clean Diesel Technologies Inc. (Nasdaq: CDTIC) Monday announced that it has been granted U.S. Patent 5,749,928 for its innovation in the use of platinum group metals as additives to gasoline or diesel fuel. CDT and its attorneys consider the patent broad-based in its protection of the company's proprietary platinum-based additive technologies. The company's Platinum Plus(R) bimetallic additive and other formulations have been shown in numerous laboratory and field tests to enhance the performance of diesel particulate filters or catalytic converters for gasoline-powered vehicles. CDT Chief Operating Officer James Valentine commented, "We believe this fundamental patent will aid us significantly in securing our proprietary position in providing advanced catalyst and fuel additive technologies to the marketplace." Valentine said the company's platinum fuel additives are already in European commercial applications for improving and rejuvenating aged catalytic converters, and commercial interest is growing worldwide in the use of bimetallic platinum-based fuel additive technology for diesel particulate filters and oxidation catalysts. "In the U.S.," he continued, "plans by various states and the EPA to encourage the use of emission reduction technologies on existing heavy-duty diesels could expand applications later this year for use of our additive alone, and in conjunction with oxidizers and filters." Clean Diesel Technologies is a development-stage company with patent-protected products that reduce emissions from diesel engines while simultaneously improving fuel economy and power. R&D efforts and products are grouped into two categories: Platinum Fuel Catalysts and NOx Reduction Systems. Platinum Plus is a registered trademark of Clean Diesel Technologies Inc. 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, 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. --30--JS/np* KM/np CONTACT: Allen & Caron Inc. Mark Alvino (investors) 212/698-1360 Owen Daley, 714/957-8440 or Clean Diesel Technologies Inc. James Valentine, 203/327-7050 KEYWORD: CALIFORNIA INDUSTRY KEYWORD: OIL/GAS doug