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IMPCO Announces $5 Million Contract for Alternative Fuel Conversions in Mexico

14 September 1999

IMPCO Announces $5 Million Contract for Alternative Fuel Conversions in Mexico

               First of 70,000 Vehicles Targeted for Conversion

    CERRITOS, Calif., Sept. 14 -- IMPCO Technologies, Inc.
today announced that it has signed agreements valued at
approximately $5 million with two transportation agencies in Mexico.
    The contracts call for IMPCO to convert 4,100 public transportation
vehicles to liquid propane gas systems from gasoline based fuel systems.
    IMPCO also said it expects to sign other agreements in Mexico for an
additional 6,000 alternative fuel system conversion kits.
    The contracts with the Coordinacion De Transporte De Mexico, A.C. and
"Ruta 89" Union De Taxistas Campesinos Libres Independientes, A.C. follow a
previously announced agreement with Mexico in May to collaborate on
alternative fuel solutions to address environmental issues and utilize
compressed natural gas and propane systems for public transportation fleets.
    Dennis Hartman, Vice President and General Manager at IMPCO, said, "IMPCO
is committed to establishing a strong business base in Mexico.  This is an
important milestone in a series of investments and agreements which will
install quality, cost effective, clean burning alternate fuel systems in the
Mexican market and provide Mexican government agencies with an assured means
of accomplishing their overall environmental policies regarding cleaner air."
    IMPCO is the global leader to the Original Equipment Manufacturer (OEM)
market and aftermarket in supplying fuel management and storage systems and
components that allow internal combustion engines and other propulsion systems
to operate on alternative fuels such as natural gas, propane, ethanol,
methanol and hydrogen used in fuel cells.  IMPCO produces systems for motor
vehicles, forklifts, and other material handling equipment and small portable
to large stationary engines.

    Certain matters discussed in this press release contain forward-looking
information that involves risks and uncertainties that could cause actual
results to differ materially from current trends. These include growth of the
alternative fuels market, competition, the company's ability to design and
market new fuel management products, the company's ability to meet Original
Equipment Manufacturer (OEM) specifications, and other such risks as cited in
the company's 1998 annual report on Form 10-K and other documents filed with
the Securities and Exchange Commission.