Catalytic Solutions Inc. Announce Business Relationship

    DEARBORN, Mich. & OXNARD, Calif.--May 16, 2002--Catalytic Solutions Inc. (CSI) and Ford Motor Company have reached an agreement to work together toward applying Catalytic Solutions' advanced catalytic coating technology in Ford vehicles.
    Additionally, Ford would gain an undisclosed equity position in Catalytic Solutions as the business relationship develops further. It is Ford's expectation that implementation of Catalytic Solutions' proprietary technology would help Ford to meet or exceed increasingly stringent emission standards and reduce precious metals content compared to current catalytic coating technology. Catalytic Solutions has developed the advanced catalytic coating technology, Mixed Phase Catalyst (MPC(TM)), to enable reductions in the use of platinum group metals.
    "As emission regulations become more challenging worldwide, Catalytic Solutions' highly customizable products are well positioned to help meet new regulatory demands, while also reducing costs," said Bill Anderson, CEO, Catalytic Solutions Inc. "We welcome the opportunity to work with Ford and applaud their insight to be on the forefront of applying breakthrough technology."
    "The technological expertise of Catalytic Solutions has placed them on the leading edge of the industry," said Harendra Gandhi, Technical Fellow and Manager of the Chemical Engineering Department of Ford Research Laboratory. "We are pleased to be working with CSI."

    In addition to owning the patents and rights to the advanced catalyst coating formula, Catalytic Solutions has also developed special manufacturing processes to complement the performance of the technology. Catalytic Solutions is a privately held company with corporate headquarters in Oxnard, Calif., and offices in Michigan, United Kingdom and Japan. For more information about Catalytic Solutions, please visit www.catsolns.com.