IMPCO Acquires Two Alternative Fuels Companies Move Diversifies Product Line, Expands Market In Latin America

8 December 1997

CERRITOS, Calif., Dec. 8 -- IMPCO Technologies, Inc.
today announced that it has acquired the Algas
Carburetion division of PGI International, headquartered in Houston, Texas,
and the privately-held company, Algas Mexicana, headquartered in Mexico City.

The Algas Carburetion division and Algas Mexicana manufacture and sell
alternative fuel products and systems worldwide with a focus on Mexico and
Latin America.

Algas Carburetion's operations and product line will be transferred from
Houston and merged with IMPCO's operations in Southern California.  Algas
Mexicana will continue to maintain operations in Mexico City under the new
name, IMPCO Mexicana.

"These two acquisitions will diversify IMPCO's product line and establish
a base of operations to fully service the growing Mexican and Latin American
markets," said Robert M. Stemmler, IMPCO's president and chief executive
officer.  "The Mexican operation is an excellent strategic fit for our company
and our long-term growth plans for Latin America."

Stemmler added that, with escalating air pollution problems in Latin
American countries such as Brazil and Chile, as well as in Mexico City and
other parts of Mexico, IMPCO is well positioned to take advantage of increased
opportunities for alternative fuel systems and products.  Industry sources
estimate that the alternative fuels industry in Latin America will exceed $1
billion within the next 10 years.

IMPCO Technologies, Inc. sells alternative fuel products and services
worldwide.  Headquartered in Cerritos, CA, the company has additional
facilities in Irvine, CA; Detroit, MI; Seattle, WA; Mt. Pleasant, IA;
Australia, the Netherlands, France, Germany and the United Kingdom.  IMPCO is
a market leader in the Original Equipment Manufacturer (OEM) market and
aftermarket for gaseous fuel management systems and components that allow
internal combustion engines to operate on clean-burning gaseous fuels such as
propane and natural gas.  IMPCO provides conversion systems for motor
vehicles, forklifts, other material handling equipment, and small portable to
large stationary engines.

Certain statements contained in this press release contain forward looking
information that is subject to risks and uncertainties which could cause
actual results to differ materially from those projected or implied.  Such
risks and uncertainties include without limitation uncertainties regarding
growth of the alternative fuels market, competition, the company's ability to
design and market new fuel management products and the company's ability to
meet Original Equipment Manufacturer (OEM) specifications, as well as other
risks, factors and uncertainties described in the company's 1997 Annual Report
on Form 10-K and other reports filed from time to time with the Securities and
Exchange Commission.  The company undertakes no obligation to publicly release
the result of any revisions to forward-looking statements which may be made to
reflect events and circumstances after the date hereof or to reflect the
occurrence of unanticipated events.

SOURCE  IMPCO Technologies, Inc.