IMPCO Delivers New Certified Low-Emission Engine Package Ahead of Schedule

CERRITOS, Calif., Oct. 29 -- IMPCO Technologies, Inc. the World's leading source of advanced alternative fuel systems technology and components for internal combustion engines, today announced that through a cooperative funding agreement between the Propane Education Research Council (PERC) and the Department of Energy (DOE), IMPCO is prepared to offer a 2004 California Air Resources Board and Environmental Protection Agency low-emission certified engine platform utilizing the industrial version General Motors 5.7 liter engine operating on propane as the clean-burning, renewable fuel of choice.

This low-emission certified industrial engine package employs advanced gaseous fuelling technology that reduces exhaust pollution. The primary market for these low-emission certified industrial engines will be the multi-billion dollar agricultural irrigation and industrial equipment market segments.

IMPCO's Engine Systems Division located in Sterling Heights, Michigan received development funding from the PERC and the DOE to develop the low-emission CARB/EPA certified compliant engine package in August of 2001 and completed a succession of design, development and testing requirements in advance of schedule. The engine package is scheduled for worldwide commercialization November of this year.

Mr. Roger Burrows, Director of Global Sales for the Engine Systems Division, said, ``We would like to thank the PERC and the DOE for their support on this project. With the widespread interest in improving air quality around the globe growing, this new low-emission certified engine package will provide our customers wide ranging rewards: from reduced exhaust emissions and improved operating performance to a single, global source for certified engine packages. We're confident that the agricultural irrigation, industrial equipment and propane industries will maximize the application of the new engine package as part of their combined efforts to reduce pollution.''

``IMPCO has a long history of advancing the state-of-the-art in low-emission control systems for gaseous fuels used in industrial equipment and irrigation products. This new low-emission engine package enhances IMPCO's global leadership position. Additionally, this new low-emission certified engine package qualifies for Carl Moyer funding in the state of California,'' Added Mr. Burrows.

Developments and advancements in technology for the low-emission use of clean burning, renewable fuels such as propane fuel is key to lowering pollution levels and reducing dependency on foreign sources of energy and crude oil.

The Department of Energy's mission is to foster a secure and reliable energy system that is environmentally and economically sustainable and to support continued United States leadership in science and technology.

The Propane Education & Research Council established its work in 1998, and continues to concentrate on three important missions: Research & Development; Safety & Training; and Consumer Education

IMPCO products enable internal combustion engines to function using environmentally friendly gaseous fuels such as propane, natural gas and biogas. IMPCO products optimize efficiency and performance while reducing emission to the lowest-levels. IMPCO is a major supplier to original equipment manufacturers in the automotive, materials handling industrial and power generation industries. IMPCO supports its global aftermarket through a network of more than 400 Distributors and Service Parts Organizations.

World headquarters are located in Cerritos, California. IMPCO has key offices and facilities worldwide including: North America, Central America, South America, India and the Pacific Rim. It operates in the Netherlands, France, Germany and the United Kingdom as IMPCO-BERU Technologies, B.V. IMPCO can be found at www.impco.ws .

Certain matters discussed in this press release contain forward-looking information that involves risks and uncertainties that could cause actual results to differ materially from current trends. These include, among other things, the growth of the alternative fuels and fuel cells market, OEM automotive product sales, competition, the Company's ability to design and market viable advanced fuel metering, fuel storage or electronic control products, the Company's ability to meet OEM specifications and other such risks as cited in the Company's 2001 annual report on Form 10-K and other documents filed with the Securities and Exchange Commission.