French Move To Full-scale Test of the Bus Turbopac(TM)
3 June 1998
Turbodyne Technologies Inc. Announces French Move To Full-scale Test of the Bus Turbopac(TM)WOODLAND HILLS, Ca., June 3 /CNW-PRN/ - Turbodyne Technologies Inc. announced today that following successful engineering tests in April by French public transport giant RATP (Regie Autonome des Transports Parisiens), full-scale in revenue service tests are to begin immediately to confirm fuel economy benefits and operational reliability, supporting excellent emissions reduction data already obtained. To facilitate these tests, Turbodyne has produced custom built retrofit Turbopac(TM) kits to fit the very limited space available in the French-built Renault (RVI) bus engine compartment. These custom kits, which reduce emissions by more than 50% while saving fuel and other operational costs, have been engineered, produced and shipped by Turbodyne in a record four weeks. This indicates the importance of responding quickly to the largest public transport company in Europe, and fulfills Turbodyne's stated objective of penetrating the lucrative European market. Turbodyne President and CEO, Walter Ware said, ``The Turbopac(TM) represents a self financing solution to a very serious environmental and health situation which affects every major city in the world. This move to full scale testing mirrors the successful program followed by eight major U.S. City transportation authorities. The difference in France is, because it is a nationalized authority, only one authority is involved in opening the door to its national bus fleet. The city of Paris alone operates 4,000 buses.'' ``This builds on the recent announcement by Detroit Diesel of its commercial launch of the Turbopac(TM) Bus Kit at the American Public Transit Association's Bus Operations and Technology Management Conference,'' said Turbodyne's founder and Chairman Edward Halimi. ``Turbodyne's delivery of the initial stocking order to Detroit Diesel's Parts Distribution Center represents the major turning point for Turbodyne from an R&D company to a manufacturing company and supplier to the global automotive industry.'' ``None of this would have been possible without the leadership and relationship-building efforts of our President and CEO, Walter Ware,'' continued Halimi. ``This breakthrough in winning a major global OEM's business, plus establishing the manufacturing base, positions Turbodyne to open opportunities and expand business in areas that have heretofore not been possible.'' TURBODYNE TECHNOLOGIES INC. ``Walter F. Ware'' ------------------------------------- Walter F. Ware President and Chief Executive Officer Turbodyne's world wide web address is: http://www.turbodyne.com Except for the historical information contained in this news release, the matters discussed herein include forward-looking statements that involve risks and uncertainties. Among the important factors that could cause actual results to differ from those indicated in the forward-looking statements are the availability and acceptance of the Turbodyne products, the impact of competitive products and pricing, the performance by the company under existing purchase contracts and the ability to obtain new contracts, the ability of the company to contain expenses, conditions within the global automotive market, general economic conditions, and political changes both domestically and overseas.