IMPCO Technologies Postpones Follow-On Offering

    CERRITOS, Calif., Aug. 24 IMPCO Technologies, Inc.
today announced that it has postponed the pending follow-on
offering of common stock by the Company and certain selling stockholders,
citing adverse market conditions.  The Company plans to evaluate market
conditions in determining the timing and status of the offering.
    IMPCO Technologies designs, manufactures and supplies components and
systems that store gaseous fuels and monitor and control the pressure and flow
of those fuels for use in fuel cells and internal combustion engines.

    A registration statement relating to these securities has been filed with
the Securities and Exchange Commission but has not yet become effective.
These securities may not be sold nor may offers to buy be accepted prior to
the time the registration statement becomes effective.  This press release
shall not constitute an offer to sell or the solicitation of an offer to buy,
nor shall there be any sales of these securities in any state in which such an
offer, solicitation, or sale would be unlawful prior to registration
qualification under the securities laws of any such state.
    Copies of the prospectus may be obtained from Raymond James & Associates,
Inc., 880 Carillon Parkway, St. Petersburg, Florida 33716, Adams, Harkness &
Hill, Inc. 60 State Street, 6th Floor, Boston, Massachusetts 02109, and
FAC/Equities, One Penn Plaza, 42nd Floor, New York, New York 10119.
    Except for historical information, the statements, expectations and
assumptions contained in the foregoing press release are forward-looking
statements within the meaning of Section 27A of the Securities Act of 1933 and
Section 21E of the Securities Exchange Act of 1934.  Such forward-looking
statements include, but are not limited to, the expected timing and the status
of the Company's follow-on public offering.  Such statements are subject to a
number of risks and uncertainties, and actual results could differ materially
from those discussed in any forward-looking statement.  Factors that could
cause actual results to differ materially from such forward-looking statements
include prevailing market conditions, among other factors.  Reference should
also be made to the risk factors set forth in the Company's Form S-3 filed
with the SEC on July 31, 2001, as well as the factors set forth from time to
time in the Company's SEC reports, including but not limited to those
contained in the section entitled "Risk Factors" in its Annual Report on Form
10-K for the fiscal year ended April 30, 2001.  The company does not undertake
to update or revise any of its forward-looking statements even if experience
or future changes show that the indicated results or events will not be
realized.

Click here