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KleenAir Systems, Inc. Signs Supply and Marketing Agreement with Dinex for the US Business Wire - June 29, 2005 10:58
ALISO VIEJO, Calif., Jun 29, 2005 (BUSINESS WIRE) -- KleenAir Systems Inc. (OTCBB:KAIR) is pleased to announce that they have signed a licensing and supply agreement with Dinex US, Inc. to manufacture and develop market opportunities in the US for their NOxMAster(R) product line.
KleenAir has been working with Dinex A/S of Denmark as a strategic partner for the past two years to commercialize its technology for the UK and European market. Products ranging from taxis to buses have been approved by the Energy Savings Trust Clean-Up Register. Dinex has designed a modular version of the NOxMAster(R) product line and integrated it with a Diesel Particulate Filter (DPF) and a Fuel Borne Catalyst (FBC) to provide a combination package meeting Euro emission standard requirements for Automotive Retrofit.
Dinex has now established an operation in the United States in the City of Industry, CA close to KleenAir, who have moved their testing equipment into the Dinex facility. The two companies will share this equipment for the purpose of securing Retrofit Verification from both the California Air Resource Board (CARB) and the EPA. They will also work both jointly and independently on additional application engineering projects for the commercialization of the technology for a variety of types and sizes of diesel vehicles.
"We believe with the application engineering experience that Dinex has acquired with our technology, we will have a strong and effective partner in bringing our technology to market," said Lionel Simons, President of KleenAir Systems, Inc. "and a reliable long-term source of supply for engineered solutions to fill our own marketing and distribution needs."
About KleenAir Systems, Inc.
KleenAir is at the cutting edge of automotive emission reduction technology including Selective Catalytic Reduction (SCR), Diesel Particulate Filters, Diesel Oxidizing Catalysts and advanced catalytic technology that significantly reduces nitrogen oxides, carbon monoxide, hydrocarbon and particulates. These pollutants have been shown to be a major contributor to heart and lung disease.
Safe Harbor Act Disclaimer
The statements contained in this release and statements that the company may make orally in connection with this release are not historical fact and are forward-looking statements within the meaning of the private securities Litigation Reform Act of 1995. Actual results may differ materially from those forward-looking statements, as such statements involve risks and uncertainties that could significantly impact the company's business and the actual outcome and results may differ materially.
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