QualityStocks would like to highlight Clean Diesel Technologies (
NASDAQ: CDTI), a cleantech emissions control company that designs, develops, and manufactures sustainable solutions to reduce emissions of on- and off-road engine applications. The company is a leading global manufacturer and distributor of heavy duty diesel and light duty vehicle emissions control systems and products to major automakers and retrofitters.
In the company’s news,
Clean Diesel Technologies (CDTi) announced that Honda Motor Co. has recently begun selling its 2013 Accord Hybrid and Accord Plug-In Hybrid with CDTi’s high-performance Mixed Phase Catalyst (MPC) technology. With production expected to begin in the U.S. this summer, the Hybrid should see sales commence in the U.S. in the fall while the Plug-In Hybrid model has recently become available for sale in the U.S.
CDTi also provides, along with the Hybrid and Plug-In Hybrid models, its catalyst solutions to Honda for North American versions of their four- and six-cylinder Accord as well as the Acura TSX.
The MPC is designed with a focus on excellent thermal stability, providing its catalyst products three critical attributes that differentiate them from competing offerings:
• Permits significantly improved performance with a given level of precious metals – to meet increasingly stringent emissions standards and powertrain diversification
• Attains a given emission standard with greatly reduced precious metal use
• Facilitate the development of ZPGM catalysts with unique activity and performance
“Hybrid and plug-in vehicles can improve fuel economy, lower fuel costs, and provide significant emissions benefits over conventional vehicles by producing no tailpipe emissions when in all-electric mode. Honda has been a leader in the advancement of hybrid vehicles and we are proud to be the supplier to such a premium brand. With advancing degrees of hybridization a much higher performance level from the catalyst is required due to the intermittent use of the combustion engine. The use of the CDTi catalyst by Honda for these types of vehicles is a strong endorsement of our capabilities. As global emission regulations continue to tighten, we are well positioned with our advanced MPC technology platform to deliver automakers increasingly cost-effective, high-performance catalyst emission solutions,” commented Craig Breese, President and Chief Executive Officer of CDTi.
CDTi’s Catalyst Division — offering a unique combination of high performance and low platinum group metal content — began delivering catalysts to Honda in 2001, resulting in significant economic benefits. CDTI has since been sourcing its catalysts for new model programs which typically span four to five years, including the popular model years 2004 and 2008 Accord.
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Forward-Looking Statement:
This release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. Risks and uncertainties applicable to the company and its business could cause the company's actual results to differ materially from those indicated in any forward-looking statements.
