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IMPCO Industrial Engine Systems Division and Daewoo Sign Agreement

13 April 2000

IMPCO Industrial Engine Systems Division, and Daewoo Heavy Industries, Ltd. Sign Long-Term Supply Agreement IMPCO TECHNOLOGIES LOGO IMPCO Technologies logo. (PRNewsFoto)[DM] CERRITOS, CA USA 09/21/1999    

    CERRITOS, Calif., April 13 IMPCO Technologies, Inc.
(Nasdaq: IMCO) today announced it has signed a long-term supply agreement with
Daewoo Heavy Industries, Ltd.
    (Photo:  http://www.newscom.com/cgi-bin/prnh/19990921/IMPCOLOGO )
    IMPCO Technologies, Industrial Engine Systems Division (IES), and Daewoo
Heavy Industries, Ltd. have signed a long term Supply Agreement.  In this
Agreement IES will supply Daewoo with General Motors base Industrial 3.0L and
4.3L engines that are engineered and packaged by IMPCO Industrial Engine
Systems Division, located in Sterling Heights, Michigan.  The engine system
packages will include a full range of LPG, gasoline and dual-fuel systems.
    Dennis Hartman, Vice President and General Manager of the Gaseous Fuel
Products Division, said, "Daewoo has long been recognized as a leader in their
industry.  Their level of product quality demanded a powertrain supplier with
equal capability on a global basis.  The IES division is key to Daewoo's
long-term marketing and product strategy, and is well positioned to take
advantage of IES's low-emission expertise which will give Daewoo a tremendous
market advantage."
    Brad Garner, IES Managing Director, said, "This is an important step by
Daewoo to move from a component and commodity view of powertrains to a system
integration approach.  As the (material handling) industry begins to
incorporate low-emission forklifts into its product line in order to comply
with new 2001 government regulations, OEMs will find that purchasing engines
as commodities simply won't fulfill their market strategies or profitability
requirements.  Daewoo is an excellent company that is poised for tremendous
growth in the world market, and we (IES) are pleased to be part of their
global approach."

    For more information contact Brad Garner at 1-810-264-1200 or email at
bgarner@impcotechnologies.com

    IMPCO is a leading designer, manufacturer and supplier of advanced 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.  We have designed these systems
to optimize the 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.  We supply
to the global aftermarket as well.
    Headquartered in Cerritos, California, the company has more than
400 dealers/ distributors and 13 offices / facilities worldwide including:
United States, Australia, Japan and Mexico.  It operates in the Netherlands,
France, Germany and the United Kingdom as IMPCO-BERU Technologies, B.V.  Our
website is http://www.impcotechnologies.com
    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, among other
things, the growth of the alternative fuels and fuel cells market, OEM
automotive product sales, competition, the Company's ability to design and
market viable advanced fuel metering, fuel storage or electronic control
products, the Company's ability to meet OEM specifications and other such
risks as cited in the Company's 1999 annual report on Form 10-K and other
documents filed with the Securities and Exchange Commission.