Clean Diesel Technologies licenses patented ARIS® technology to Eaton
Corporation for advanced vehicle emission control systems|
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Bridgeport, CT - January 7, 2009 - Clean Diesel Technologies, Inc.
(NASDAQ:CDTI; XETRA: CDIA; AIM:CDT), the clean technology emissions
reduction company and Eaton Corporation (NYSE:ETN) today announced
they have entered into a global non-exclusive licensing agreement.
Under the agreement, Eaton will use Clean Diesel's patented Advanced
Reagent Injector System (ARIS®) technology for injection of
hydrocarbon fuel in emissions reduction applications, including
Eaton's Aftertreatment System. This technology can also be applied to
regeneration of diesel particulate filters and lean NOx traps in
various global applications.
Both Eaton's innovative Aftertreatment and fuel dosing systems have
worldwide application for reducing NOx and particulate matter (PM)
emissions from diesel engines. NOx and PM are a significant health
hazard and are estimated by the Environmental Protection Agency (EPA)
to cause 20,000 premature deaths annually in America. Children, the
elderly and those with pre-existing health conditions, such as asthma
are especially at risk. These systems can be used for on-road,
off-road and stationary applications, with a combined global market
size of new medium-duty and higher engines exceeding 7 million per
year. Eaton is targeting NOx and PM control technologies for
production in 2011 and beyond in various applications.
Eaton's unique Aftertreatment System does not require the use of
additional urea for NOx reduction. It is an integrated system that
effectively meets the EPA and international regulation requirements
without the on-vehicle storage, replenishment and infrastructure a
urea-based system requires. For example, EPA regulations require that
all new 2010 on-road engines comply with increasingly strict NOx and
Clean Diesel's ARIS technology is designed for use in all types of
combustion engines. Its key advantages include the use of a single
emissions reduction fluid to provide injector cooling and the fact
that it is easier to manufacture, install and operate than compressed
Dimitri Kazarinoff, general manager for Emerging Technologies and
Business Development at Eaton, said: "We are excited to enter this
licensing agreement with Clean Diesel. It provides access to a key
technology, which helps us provide system based solutions to reduce
NOx and PM, hence making significant contributions toward emissions
reduction and sustainability. We are working with numerous global
OEMs to provide them with NOx and PM emission reduction solutions."
Dr. Bernhard Steiner, Chief Executive Officer of Clean Diesel, said:
"We are delighted with the use of our ARIS airless return-flow
technology in this application. ARIS technology is more commonly
associated with selective catalytic reduction (SCR) systems based on
urea injection; Eaton's use of hydrocarbon injection underscores the
broad applicability of our ARIS technology.
"Eaton has taken two NOx-reducing technologies and packaged them into
a system where they can work together, taking advantage of several
catalytic reactions to reduce harmful emissions," Dr. Steiner added.
"We are pleased to provide a key technology that will help reduce
global emissions and that supports Eaton's commitment to
Vishal Singh, manager for Eaton's Aftertreatment business unit, said:
"Eaton's versatile solution makes use of diesel or fuels from
renewable resources to meet emission standards without the logistical
and cost-related issues associated with on-board urea storage and
wide-scale urea distribution. Clean Diesel's patented technology,
when combined with our own in this unique way, will enable our
customers to benefit from an aftertreatment system that is simple yet
effective in significantly reducing PM and NOx emissions. This
technology license strengthens our portfolio and combined with our
own technology provides our global customers with more technical
solutions to meet the strict upcoming diesel engine emissions
Hydrocarbon injection is an important and growing technology for
diesel particulate filter regeneration applications, as well as for
NOx absorbers and NOx conversion catalysts. Clean Diesel supplies
patented technology enabling both urea-based and alternative SCR
solutions for fuel-efficient emission control.
About Clean Diesel Technologies
Clean Diesel Technologies (NASDAQ: CDTI) is a cleantech company
providing sustainable solutions to reduce emissions, increase energy
efficiency and lower the carbon intensity of on- and off-road engine
applications. Clean Diesel's patented technologies and products allow
manufacturers and operators to comply with increasingly strict
regulatory emissions and air quality standards, while also improving
fuel economy and power. The company's solutions, which are in
commercial use worldwide, significantly reduce emissions formed by
the combustion of fossil fuels and biofuels, including particulate
matter (PM), nitrogen oxides (NOx), carbon monoxide and hydrocarbons.
Clean Diesel solutions also reduce carbon dioxide (CO2) emissions, a
key greenhouse gas associated with global climate change.
Clean Diesel develops and manages intellectual property from original
concept to full-scale commercial deployment. Its offerings include
ARIS® Selective Catalytic Reduction (SCR); the patented combination
of SCR and Exhaust Gas Recirculation; hydrocarbon injection for
emissions control applications; Platinum Plus® Fuel-Borne Catalyst
(FBC); the Purifier(TM) family of particulate filter systems; and its
Wire Mesh Filter particulate filter technologies. The company was
founded in 1995 and is headquartered in Stamford, Connecticut. A
wholly owned subsidiary, Clean Diesel International, LLC, is based in
London, England. For more information, please visit www.cdti.com.
Eaton Corporation is a diversified power management company with 2007
sales of $13 billion. Eaton is a global technology leader in
electrical systems for power quality, distribution and control;
hydraulics components, systems and services for industrial and mobile
equipment; aerospace fuel, hydraulics and pneumatic systems for
commercial and military use; and truck and automotive drivetrain and
powertrain systems for performance, fuel economy and safety. Eaton
has 82,000 employees and sells products to customers in more than 150
countries. For more information, visit www.eaton.com.
Certain statements in this news release constitute "forward-looking
statements" within the meaning of the Private Securities Litigation
Reform Act of 1995. Such forward-looking statements involve known or
unknown risks, including those detailed in the Company's filings with
the U.S. Securities and Exchange Commission, uncertainties and other
factors which may cause the actual results, performance or
achievements of the Company, or industry results, to be materially
different from any future results, performance or achievements
expressed or implied by such forward-looking statements. Readers are
cautioned not to place undue reliance on these forward-looking
statements, which speak only as of the date hereof.
Matter Communications Clean Diesel Technologies,
(Technical press inquiries) Inc.
Jacqueline Volovich Walter G. Copan
+1 415-984-6281 EVP, CTO
email@example.com +1 203 327 7050
Crescendo Communications, LLC Charles Stanley Securities
(U.S. investor contact) Nominated Adviser
David K. Waldman or Klea Theoharis Philip Davies / Freddy
+1 212 671 1020 Crossley
firstname.lastname@example.org Tel: +44 20 7149 6457
Innovator Capital Limited Eaton Corporation
(Financial press inquiries) Don Alles
Shaun Brown Manager, Global
Jade Summer Communications
+44 20 7297 6840 (269) 342-3311
The press release can be downloaded from the following link:
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Clean Diesel Technologies, Inc.
300 Atlantic Street, Suite 702
Stamford, CT USA
WKN: 898074; ISIN: US18449C1045;
Listed: Xetra Stars in Frankfurter
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