IMPCO Announces Debt Plans and Commitments for $32 Million

CERRITOS, Calif., June 26 -- IMPCO Technologies, Inc. announced today it has received a commitment for a $12 million revolving line of credit through LaSalle Business Credit, LLC and a separate commitment from Bison Capital Asset Management LLC for a $20 million senior subordinated secured facility. These facilities, which management expects to close in mid-July 2003, would permit the company to repay approximately $11.3 million currently outstanding under its Bank of America credit facilities. Bank of America has extended the maturity date of its facilities to July 15, 2003 to allow IMPCO to complete the refinancing.

IMPCO's Chief Financial Officer Tim Stone discussed management's expectation for the refinancing, saying, "LaSalle has packaged an attractive financial solution for IMPCO which together with the senior subordinated facility from Bison will replace our Bank of America credit facilities, provide working capital, fund the deferred payment portion of the company's recent acquisition of a 50% equity interest in BRC, and help meet the future operating needs of the company." He added that the combined commitments would assist in supporting the future growth of IMPCO.

Note Regarding Forward Looking Statements

Certain matters discussed in this press release contain forward-looking information that involves risks and uncertainties. These risks could cause actual results to differ materially from management's current expectations. These risks include the company's ability to timely conclude the LaSalle Business Credit and Bison Capital loans, Bank of America's willingness to continue to extend the maturity date of its loans if the refinancing transactions are not concluded by July 15, 2003, and the company's ability to maintain its liquidity if forced to repay the Bank of America loans before the refinancing transactions can be concluded. Other issues relating to these risks are discussed in the section of the company's eight-month transition report on Form 10-K for the period ended December 31, 2002 entitled Risk Factors. These and other risks that relate to our business more generally also are discussed in that report and in our other reports filed with the Securities and Exchange Commission (the "SEC"). These reports are available without charge from the SEC's electronic data-lease at http://www.sec.gov/, or on the company's website. The contents of our website are not incorporated into this release or into our SEC reports.

Regarding IMPCO:

IMPCO designs, manufactures, markets and supplies advanced alternative fuel systems and related products. Headquartered in Cerritos, California, IMPCO has offices in Asia, Europe, Australia and South and North America. More information can be found at www.impco.ws. IMPCO also sells products under the BRC brand names through its 50% stake in that entity.

Please contact Mr. Dale Rasmussen, Investor Relations, +1-206-315-8242. Mr. Rasmussen's facsimile is +1-206-315-8301. Media and Communications, please contact Mr. James S. Mitchell, +1-562-274-0116.