Turbodyne Receives Purchase Order From Detroit Diesel
18 March 1998
Turbodyne Receives Purchase Order From Detroit DieselWOODLAND HILLS, Ca., March 18 /CNW-PRN/ - Turbodyne Technologies Inc. (``Turbodyne'') announced today that it has received the initial production purchase order from Detroit Diesel Corporation (``DDC''), a leading global manufacturer of diesel engines, for Turbopac(TM) 2500 bus kits (BusPac(TM) kit). The approximate value of the initial order is in the range of $450,000 to $500,000. This order is part of the ongoing partnership between Detroit Diesel Corporation, Environmental Control Systems, and Turbodyne relating to the Environmental Protection Agency's (EPA) Urban Bus Retrofit/Rebuild Program. The program was initiated to develop the most advanced solution for meeting stringent new emissions standards set by the EPA for public transit buses in order to provide ``clean air diesel'' service to American communities. This initial stocking order for the BusPac(TM) kits by DDC's Worldwide Parts Distribution Center, located in Canton, Ohio is in anticipation of the imminent official certification by the EPA expected before the end of the month. The estimated first year sales level is approximately 1250 kits. Urban bus operators across the United States will be installing BusPacs(TM) as part of a DDC emission upgrade package. Ongoing evaluations by Transit Authorities in Milwaukee, Wisconsin; Baltimore, Maryland and Washington, D.C. have demonstrated an increase in fuel economy and virtual elimination of black smoke, which overwhelmingly illustrates the winning combination of Turbodyne's breakthrough technology with DDC's renowned and reliable 6V-92A MUI engine. ``Ten BusPacs(TM) have already been purchased under waivers from the EPA by the Milwaukee County Transit System and are operating in revenue service in advance of the official certification,'' said Walter Ware, President and CEO. ``In addition, seven other U.S. cities have BusPac(TM) pilot installations operating in daily revenue service, with more installations being added every day.'' ``Today, a total of 19 BusPacs(TM) are operating in eight major cities across the U.S., saving fuel and improving the environment,'' Ware concluded. Turbodyne is a start-up high technology company specializing in the design, development, manufacture and marketing of patented pollution reduction, fuel economy and performance enhancing technology for internal combustion engines in the automotive, transportation, construction, marine, agriculture, mining, military and power generation industries. Its light metals division is a manufacturer of precision-machined aluminum castings and a leading supplier of engineered cast aluminum products for the automotive industry. Offices and plants are located in Carpinteria, La Mirada, Encinitas and Woodland Hills, CA; Ensenada and Mexico City, Mexico; Northants, England; Frankfurt, Germany; Vancouver, Canada; and Paris, France. TURBODYNE TECHNOLOGIES INC. ``Walter F. Ware'' ------------------------- Walter F. Ware President and CEO Turbodyne's world wide web address is: http://www.turbodyne.com This news release contains forward-looking statements concerning the future performance of Turbodyne Technologies and its subsidiaries, which are subject to a number of factors including, but not limited to the timely certification by the EPA of the Rebuild retrofit kit, general economic conditions, conditions within the global automotive market, and political changes both domestically and overseas. SOURCE Turbodyne Technologies Inc.