Clean Diesel Technologies to Provide Catalyst Engineering Services and Support to Chinese Venture

Clean Diesel Technologies, Inc. CDTI announced today an agreement with Tanaka Kikinzoku Kogyo Kabushiki Kaisha Clean Diesel's joint venture partner in Asia Pacific, to provide catalyst engineering and support services to advance the deployment of Mixed Phase Catalyst (MPC®) emission control technology in China. TKK is establishing a venture in partnership with CDGM Glass Co., Ltd. that will manufacture and sell catalysts to the Chinese automobile sector. The agreement will combine Clean Diesel's expertise in emission control catalyst technology with TKK's industrial products manufacturing abilities and the capabilities of CDGM in the Chinese automobile industry. Clean Diesel will receive $1.45 million in exchange for contributing its engineering expertise and support to assist TKK in the establishment of a catalyst manufacturing capability in China. The agreement consists of an up-front payment with the balance to be paid upon completion of certain milestones expected to last approximately 14 months.