Turbodyne Technologies Inc. Announces Turbopac(TM) Saves 22% In Fuel Costs While Cleaning Air Of Nation's Capital
21 January 1998
Turbodyne Technologies Inc. Announces Turbopac(TM) Saves 22% In Fuel Costs While Cleaning Air Of Nation's Capital
WOODLAND HILLS, CA., Jan. 20 /CNW-PRN/ - Turbodyne Technologies Inc.
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Turbodyne Technologies Inc. (``Turbodyne'') today announced that the
Washington D.C. Metropolitan Area Transit Authority (WMATA), utilizing the
Turbopac(TM) 2500 for Transit Authority and related kit components, measured
more than 22 percent reduction in fuel consumption. These results were
relayed in a public comment letter in support of Turbodyne's certification
efforts pursuant to the U.S. Environmental Protection Agency's (EPA) Urban Bus
Retrofit Program.
``Improved fuel economy in actual fare-paying service demonstrates a
bottom-line bonus to the already-proven emissions reduction and engine
performance capabilities of Turbodyne's breakthrough technology,'' said Walter
Ware, Chief Operating officer.
Similar improvements in fuel savings have been confirmed over thousands
of miles by ``in service'' vehicles at other regional public transportation
authorities, including Sao Paulo and Curitiba, Brazil. Demonstration programs
are also in progress in Costa Rica, England, Germany, Korea, Mexico, Russia,
Ukraine and the United States.
``An average U.S. city bus uses about $10,000 to $15,000 per year in
diesel fuel,'' Ware continued. ``By reducing fuel consumption by 22 percent,
the Turbopac(TM) 2500 kit saves approximately $3,000 a year in fuel costs.
Even greater savings are realized outside of the United States, where fuel can
cost three to four times more.''
``Turbodyne's technology, already endorsed by the United Nations,
establishes a new paradigm,'' said Ware, ``It provides a practical solution
to global health and environmental problems, with a relatively short financial
payback period. Turbodyne is beginning to validate life cycle benefits of
retrofitting the technology into existing vehicles and incorporating it into
future engines.''
``The essence of the Turbodyne technology is that investing in
environmental improvement actually makes money for our customer,'' said Edward
Halimi, Turbodyne Chairman. ``It makes money because it saves fuel, and it
helps the environment because fuel that's not consumed can't pollute the
air.''
``The financial payback, in addition to the proven reduction in
pollutants, provides a solid financial basis for rapid utilization of
Turbodyne products around the world. This is the fundamental business
platform of Turbodyne's long term global growth strategy.'' Mr. Halimi
concluded.
Turbodyne is an integrated manufacturing company specializing in the
design, manufacture, and marketing of high technology performance-enhancing
and pollution-reduction products for automotive, marine, construction,
industrial, electric power generation and military engines. Its light metals
subsidiary is an integrated manufacturer of machined aluminum castings and a
leading supplier of engineered permanent mold and sand-cast aluminum products
for the automotive industry. Offices and plants are located in Carpinteria,
La Mirada, Encinitas, Woodland Hills, CA; Ensenada, Mexico; Northants,
England; Vancouver, BC; and Frankfurt, Germany.
(x) Fuel savings vary depending upon the engine, vehicle, and duty cycle.
Turbodyne's World Wide Web address is http://www.turbodyne.com
Turbodyne Technologies Inc.
Edward M. Halimi
Chairman
This news release contains forward-looking statements concerning the
future performance of Turbodyne Technologies and its subsidiaries, which are
subject to a number of factors including, but not limited to the fact that
fuel savings will vary depending upon the engine, vehicle and duty cycle as
well as the timely certification by the EPA of the Rebuild retrofit kit,
general economic conditions, conditions within the global automotive market,
and political changes both domestically and overseas.
SOURCE: Turbodyne Technologies Inc.
