IMPCO Commences Supply of Emission Compliant LPG Engines to HELI Forklift in China
August 17 2005 - 10:00AM
PR Newswire (US)
CERRITOS, Calif., Aug. 17 /PRNewswire-FirstCall/ -- IMPCO
Technologies, Inc. (NASDAQ:IMCO) today announced that it has begun
supply of Emission Certified LPG engines to Anhui HELI Forklift
Truck Group Corp. based in Hefei, China. Under the terms of the
supply agreement, IMPCO will exclusively supply complete CARB/EPA
Emissions Certified engines to HELI through December 2006 for
global distribution in their forklift trucks. The emission
certified engine systems will enable HELI to meet stringent
emission standards required to sell their engines in the US and
Asia. IMPCO's Emission Certified Engines provide a turn key
solution for OEM's such as HELI, allowing them to meet ever more
stringent emissions requirements without having to invest in
advanced engineering and testing. IMPCO introduced their Emissions
Certified Engine program in 2004 specifically to meet this growing
global demand. Being the largest lift truck manufacturer in China,
HELI possesses the integral capability to design, fabricate,
manufacture, test, and inspect its own lift truck products. HELI
received ISO 9001 Certification as well as European CE Quality
& Safety Compliance. In 2005, HELI's annual sales reached US
$321.6 million (RMB 2.67 Billion), and is the only forklift OEM in
China to have its stock publicly traded in the Shanghai Stock
Exchange. In addition to serving the domestic market, HELI products
are now exported all over the world. About IMPCO Technologies:
IMPCO designs, manufactures, markets and supplies advanced product
and systems to enable internal combustion engines to run on clean
burning gaseous fuels such as natural gas, propane and biogas.
IMPCO is the leader in the heavy duty, industrial, power generation
and stationary engines sectors. Headquartered in Cerritos,
California, IMPCO has offices throughout Asia, Europe, Australia
and North America. More information can be found at IMPCO's web
site, http://www.impco.ws/. About BRC Gas Equipment: BRC produces a
complete range of systems for converting vehicles to gaseous fuel
to meet market requirements. BRC is the leader in the light duty
and automobile alternate fuel sectors and established alliances
with several major car-makers for OEM projects. Headquartered in
Cherasco, Italy, BRC has offices throughout Asia, Europe and South
America. More information can be found at BRC's web site,
http://www.brc.it/ Except for historical or factual information,
other matter discussed in this press release, including anticipated
improvements in operating efficiencies from the integration and
consolidation of IMPCO and BRC, and revenue growth, are
forward-looking statements that involve risks and uncertainties.
Actual results could differ materially from those discussed in any
forward-looking statement. Factors that could cause or contribute
to such differences included, but are not limited to, prevailing
market and global economic conditions; changes in environmental
regulations that impact the demand for the Company's products; the
Company's ability to manage its leverage and address operating
covenant restrictions relating to its indebtedness; the Company's
ability to negotiate and comply with waivers pertaining to existing
loan covenant defaults; the Company's ability to design and market
advanced fuel metering, fuel storage and electronic control
products; the company's ability to meet OEM specifications; and the
level and success of the Company's development programs with OEMs.
Readers also should consider the risk factors set forth in the
Company's reports filed with the Securities and Exchange
Commission, including, but not limited to, those contained in
"Management's Discussion & Analysis of Financial Condition and
Results of Operation -- Risk Factors" section of the Company's
Annual Report on Form 10-K for the fiscal year ended December 31,
2004. The company does not undertake to update or revise any of its
forward-looking statements even if experience or future changes
show that the indicated results or events will not be realized. For
further information, please contact Dale Rasmussen, Vice President,
Investor Relations. Phone: +1-206-315-8242 Fax: +1-206-315-8301
DATASOURCE: IMPCO CONTACT: Dale Rasmussen, Vice President, Investor
Relations, of IMPCO +1-206-315-8242, or Fax, +1-206-315-8301 Web
site: http://www.brc.it/ Web site: http://www.impco.ws/
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