Clean Diesel Technologies, Inc. Chosen as Catalyst Supplier to Fisker Automotive

Clean Diesel Technologies, Inc. CDTI announced today that it has been chosen as a catalyst supplier to Fisker Automotive, an American manufacturer of the first premium plug-in hybrid electric vehicles with extended range. Clean Diesel is supplying catalysts utilizing its patented mixed phase catalyst technology for the Karma, Fisker's new luxury sedan, which starts shipping to both European and U.S. retailers this month. With a price range between $95,800 and $108,000, the Karma combines world-class style and performance with some of the lowest emissions among electric vehicles with extended range. According to Fisker, this is the world's first true Electric Vehicle with extended range. Clean Diesel commenced catalyst shipments to Fisker in the first quarter ended March 31, 2011. "This is a new developing market for Clean Diesel; we are proud that Fisker has chosen us as the exclusive catalyst supplier for the highly innovative Karma, a vehicle we believe will set new standards for environmental sustainability and accountability," said Charles Call, Chief Executive Officer of Clean Diesel. "Clean Diesel has long been active in the research and development of more cost-effective solutions for automotive catalytic converters as emission standards around the world continue to tighten. Through this ongoing process, our team has developed proprietary and patented catalyst technology for state-of-the-art gasoline engines that meet Fisker's high performance standards," added Mr. Call.
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: NewsContractsFertilizers & Agricultural ChemicalsMaterials
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!