Thermatrix and Lucas Diesel Systems Complete Joint Development Efforts

23 June 1998

Thermatrix and Lucas Diesel Systems Complete Joint Development Efforts

    SAN JOSE, Calif.--June 22, 1998--Thermatrix Inc. announced today the completion of the joint development project announced in November 1997 between Thermatrix Inc. and Lucas Diesel Systems, a division of LucasVarity plc.
    The program had provided for the development and testing of a prototype system utilizing the Thermatrix(R) patented flameless thermal oxidation (FTO) technology for the treatment of diesel engine emissions from mobile sources.
    "We have enjoyed working with Lucas and are pleased with all that we accomplished during the course of the joint development program," said John T. Schofield, chairman, president and CEO of Thermatrix Inc. "The program with Lucas was one part of a broader technology evaluation program to assess the potential of the company's proprietary FTO technology to treat the emissions from diesel engines. As previously announced, test results have exceeded our expectations and we are excited with the options we see going forward," he said.
    Thermatrix is an industrial technology company that provides a range of products for the destruction or treatment of volatile organic compounds and hazardous air pollutants, including its patented flameless thermal oxidation technology to provide the world's leading flameless solution for destroying these pollutants and compounds. Thermatrix is currently focusing its development activities on the application of its FTO technology to treat the emissions from diesel engines, both mobile and stationary.
    This announcement contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Actual results could differ materially from those projected in the forward-looking statements as a result of various factors including the risks typically associated with the commercialization of new technologies including uncertainties related to the cost and timing of commercialization projects and market acceptance. The Company undertakes no obligation to publicly release the result of any revisions to these forward-looking statements which may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.