Catalytic Solutions Inc. Closes $10 Million Financing; Privately Held Developer and Manufacturer of Innovative Catalyst Coatings Raises Funds to Support Growth

OXNARD, Calif.--Nov. 2, 2004--Catalytic Solutions Inc. (CSI) announced today it has closed on a $10 million mezzanine financing round. The company attracted two new investors with this financing: The SAM Group, based in Zurich, and Presidio Venture Partners, a subsidiary of Sumitomo Corporation. It is anticipated that this will be the last round of private financing CSI will require.

Catalytic Solutions will use these funds to support the company's product development and manufacturing growth. "CSI is very pleased to have The SAM Group and Sumitomo added to its very strong base of investors and partners," said Bill Anderson, Chairman & CEO, Catalytic Solutions Inc. "The continued support from our current investors underscores their commitment to participating in the Company's expansion and growth into exciting new business areas."

About Catalytic Solutions

Catalytic Solutions, Inc. is a global developer and manufacturer of advanced catalytic coating solutions. The unique and proprietary Mixed Phase Catalyst ("MPC(R)") technology is fundamentally different from other approaches and enables CSI to produce catalyst formulations with superior catalytic performance, greater durability and cost-effectiveness for a wide range of applications. Catalytic Solutions has also developed special manufacturing processes to complement the unique performance of these patented coating materials. The Company currently has products in mass production for Honda, GM and Ford and for aftermarket and diesel retrofit applications.

This same nano-technology materials platform is also being successfully applied to major applications in the energy and chemical industries.

CSI is a privately held company with corporate headquarters in Oxnard, California and offices in Michigan, Europe and Japan. For more information, visit www.catalyticsolutions.com.