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Non-Tech : IMPCO Technologies (IMCO), formerly AirSensors (ARSN) -- Ignore unavailable to you. Want to Upgrade?

To: Jim Oravetz who wrote (121)	12/24/1998 5:35:00 PM
From: Edward Larkin	Read Replies (1) \| Respond to of 298

When Questor acquired the stock last year those shares became essentially restricted because they became a control party (own over 10% of the stock) per SEC rules. As a consequence they have to file 144's and Form 3's and 4's from now on if they desire to sell, or else they have to get IMCO's board to agree to file a registration statement on their behalf, which there is no indication of. The day they bought the stock they paid market price, which I believe was $13.50 at the time, there were competing parties (possibly BERU). Questor's initials (SBS) stands for Side by Side, which is an indicator that they intend to work closely with management to maximize corporate value. One of Questor's general partner is Dan Lufkin who was the founder of Donaldson Lufkin with another being Ed Scarff who was a major muck (I believe that he was the president) at Transamerica. Beru has been sucking up the weakness in the stock and trying to flush stock out of some of the old investors in the stock. BERU became aware of IMCO due to their both being suppliers to Perkins.

To: Jim Oravetz who wrote (121)	1/27/1999 1:04:00 PM
From: Jim Oravetz	Read Replies (1) \| Respond to of 298

Thermo Power Announces Sale of Its Crusader Engines Division Here is the press release from Thermo Power. The IMPCO release did not disclose the $ amounts. WALTHAM, Mass., Dec. 28 /PRNewswire/ -- Thermo Power Corporation (Amex: THP) today announced that it has completed the sale of its Crusader Engines division for approximately $7.4 million, including a $1.0 million receivable due in December 1999. IMPCO Technologies, Inc. of Cerritos, California, purchased Crusader's industrial engine product line. In fiscal year 1998, which ended October 3, 1998, Crusader had revenues of $24.7 million and operated at a loss. "This divestiture will allow us to focus on our businesses that we believe hold greater growth potential for us," said J. Timothy Corcoran, president and chief executive officer of Thermo Power. "Our major objective is to maximize our return on investment, and the sale of Crusader will help us toward that goal." IMPCO is continuing to operate the industrial engine business at Crusader's facility in Sterling Heights, Michigan. Thermo Power Corporation manufactures, markets, and services intelligent traffic-control systems and related products, industrial refrigeration equipment, and commercial cooling and cogeneration systems. The company also conducts research and development on advanced power and pollution-control technologies and offers propane-powered lights as well as lights for the automotive, sporting goods, and marine markets. Thermo Power is a public subsidiary of Thermo Electron Corporation. More information is available at thermo.com on the Internet.