IMPCO Announces Follow-on Offering of Common Stock
10 April 2000
IMPCO Announces Follow-on Offering of Common Stock IMPCO TECHNOLOGIES LOGO IMPCO Technologies logo. (PRNewsFoto)[DM] CERRITOS, CA USA 09/21/1999
CERRITOS, Calif., April 10 IMPCO Technologies, Inc.
today announced that it has filed a registration statement with
the Securities and Exchange Commission with respect to a follow-on offering of
2,500,000 shares of its common stock. Of this amount, 1,625,000 shares will
be offered by the Company and 875,000 will be offered by two stockholders of
the Company.
(Photo: http://www.newscom.com/cgi-bin/prnh/19990921/IMPCOLOGO )
FleetBoston Robertson Stephens Inc. is acting as lead manager for the
offering. CIBC World Markets and FAC/Equities are acting as co-managers for
the offering. The Company has granted the underwriters the option to purchase
an aggregate of 375,000 additional shares to cover over-allotments, if any.
A registration statement relating to these securities has been filed with
the Securities and Exchange Commission but has not yet become effective.
These securities may not be sold, nor may offers to buy be accepted, prior to
the time the registration statement becomes effective. This press release
shall not constitute an offer to sell or a solicitation of an offer to buy,
nor shall there be any sale of these securities in any state in which such
offer, solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state. An offering of the
shares shall be made only by means of a prospectus. Written copies of the
prospectus may be obtained, when available, by contacting FleetBoston
Robertson Stephens Inc., 555 California Street, San Francisco, California
94104, (415) 781-9700; CIBC World Markets, 425 Lexington Avenue, New York, New
York 10017, (212) 856-4000; or FAC/Equities, One Penn Plaza, 42nd Floor, New
York, New York 10119, (212) 273-7140.
About IMPCO
IMPCO is a leading designer, manufacturer and supplier of fuel storage,
fuel delivery and electronic control systems that allow internal combustion
engines and fuel cells to operate using clean fuels such as hydrogen, propane,
natural gas and methanol. IMPCO has designed these systems to optimize
efficiency and performance by electronically sensing and regulating the proper
proportion of fuel and air used by internal combustion engines and fuel cell
systems. We supply our products to original equipment manufacturers of motor
vehicles, buses, trucks, forklifts and other material handling equipment and
small portable to large stationary engines and to the global aftermarket as
well.
Headquartered in Cerritos, California, IMPCO has more than 400
distributors and dealers and 12 offices and facilities worldwide including:
United States, Australia, Japan and Mexico. IMPCO operates in the
Netherlands, France, Germany and the United Kingdom as IMPCO-BERU
Technologies, B.V. Our website is http://www.impcotechnologies.com.
"Safe Harbor" Statement under the Private Securities Litigation Reform Act
of 1995: This release may contain forward-looking statements that involve
risks and uncertainties. These statements may differ materially from actual
future events or results. Readers are referred to the documents filed by
IMPCO with the SEC, specifically the most recent filing on Form S-3 and its
periodic reports, which identify important risk factors that could cause
actual results to differ from those contained in the forward-looking
statements, including among other things, the Company's ability to complete
the research and development of commercially viable fuel metering, fuel
storage or control products for fuel cell systems and the development of a
market for these products.