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AlliedSignal to Test New Garrett Turbocharger With Major U.S. and European Auto Manufacturers

26 August 1999

AlliedSignal to Test New Garrett Turbocharger With Major U.S. and European Auto Manufacturers

    TORRANCE, Calif.--Aug. 26, 1999--AlliedSignal Inc. Thursday said that its Turbocharging Systems unit will begin testing its new electrically assisted turbocharger with major U.S. and European automotive manufacturers by the end of the year.
    The new Garrett(R) turbocharger will carry the Dynacharger(TM) trade name.
    "We are on schedule with the Garrett(R) Dynacharger(TM) prototype's design and testing programs," said Keith Pigues, vice president of global marketing for Garrett(R). "As the first of its kind, the Garrett(R) Dynacharger(TM) is an exciting addition to our current turbocharger line, and it is applicable for both gasoline and diesel vehicles."
    Pigues said current data show one of the main advantages of electrically assisted turbocharging technology is its ability to eliminate "turbolag," the typical "lag time" between the moment a driver accelerates and the time an engine receives "boost" from the turbocharger.
    In addition, the electrically assisted turbocharger produces electricity that could be used to replenish a vehicle's battery, among other duties.
    AlliedSignal and Turbodyne Technologies Inc. (EASDAQ:TRBD) have been jointly developing the Garrett(R) Dynacharger(TM) under an exclusive licensing and development agreement. As part of the agreement, Turbodyne is supplying light-metal castings, electric motors, generators and electronic controls.
    AlliedSignal holds exclusive rights for the manufacturing and marketing of any turbocharger products being developed on a worldwide basis as a result of the joint activities.
    "We are pleased with the progress of the program and completion of the first design phase," said Professor Dr. Peter Hofbauer, Turbodyne's chief executive officer. "We are looking forward to beginning the next phase of developing and manufacturing the Garrett(R) Dynacharger(TM) with AlliedSignal and to begin delivering prototypes to automakers."
    With more than $1 billion in sales and 5,000 employees, AlliedSignal Turbocharging Systems is a global manufacturer of Garrett(R) turbochargers, superchargers and charge-air coolers for diesel and gasoline-driven passenger cars, commercial vehicles and heavy-duty trucks.
    The company's worldwide headquarters is based in Torrance, and its European headquarters is based in Levallois Perret, France. Turbocharging Systems operates 15 manufacturing facilities and technology centers in 12 nations throughout the Americas, Europe and Asia.
    AlliedSignal is an advanced technology and manufacturing company serving customers worldwide with aerospace products and services, automotive products, chemicals, fibers, plastics and advanced materials. It is one of the 30 stocks that make up the Dow Jones Industrial Average and is also a component of the Standard & Poor's 500 Index. The company employs 70,400 people in some 40 countries.
    Additional information on the company is available on the World Wide Web at http://www.alliedsignal.com.
    AlliedSignal was named the best diversified company by Forbes Global magazine; the most admired aerospace company by Fortune magazine, both globally and in the United States; and one of the 100 best companies to work for by Fortune.
    Turbodyne Technologies, a California-based high-technology company, specializes through its Engine Technology Division in the development, manufacture and marketing of proprietary pollution- control, fuel-economy and performance-enhancement products for internal combustion engines in the global automotive, transportation, construction, agriculture, marine, mining, military and power- generation industries.
    Turbodyne's Light Metals Division is a manufacturer of machined aluminum castings and a leading supplier to the automotive industry.
    Turbodyne Technologies maintains offices and/or plants located in Carpinteria, La Mirada, Encinitas and Woodland Hills, Calif.; New York; Ensenada and Mexico City, Mexico; Paris; and Frankfurt, Germany.

    This news release contains forward-looking statements as defined in Section 21E of the Securities Exchange Act of 1934, including statements about future business operations, financial performance and market conditions. Such forward-looking statements involve risks and uncertainties inherent in business forecasts.