FORM 6-K
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13A-16 OR 15D-16 OF
THE SECURITIES EXCHANGE ACT OF 1934
For the month of January 29 , 1997
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TURBODYNE TECHNOLOGIES INC.
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(Translation of registrant's name into English)
Suite 510, 1090 West Pender Street, Vancouver, BC, Canada, V6E 2N7
(Address of principal executive offices)
[Indicate by check mark whether the registrant files or will file annual
reports under cover Form 20-F or Form 40-F.
Form 20-F X Form 40-F
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[Indicate by check mark whether the registrant by furnishing the
information contained in this form is also thereby furnishing the information
to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act
of 1934.
Yes No X
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[If "Yes" is marked, indicate below the file number assigned to the
registrant in connection with Rule 12g3-2(b):82
___________
SIGNATURES
Pursuant to the requirements of the Securities Act of 1934, the registrant
has duly caused this report to be signed on its behalf by the undersigned,
thereunto duly authorized.
July 30, 1997
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Date /s/Leon E. Nowek
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Signature
Leon E. Nowek
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Name
Chief Financial Officer
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Title
<PAGE>
THIS IS THE FORM OF MATERIAL CHANGE REPORT REQUIRED UNDER SECTION 67(1) OF THE
SECURITIES ACT.
FORM 27
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SECURITIES ACT
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MATERIAL CHANGE REPORT UNDER SECTION 67(1) OF THE ACT
Item 1. REPORTING ISSUER
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TURBODYNE TECHNOLOGIES INC.
Suite 510,
1090 W. Pender St.
Vancouver, B.C. V6E 2N7
Telephone: (604) 682-8854
Facsimile: (604) 682-2432
Item 2. DATE OF MATERIAL CHANGE
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January 29, 1997
Item 3. PRESS RELEASE
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January 29, 1997
Item 4. SUMMARY OF MATERIAL CHANGE
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Turbodyne Technologies Inc. ("Turbodyne") issued a news release to
update development in its wholly-owned subsidiary, Pacific Baja Light
Metals Corp. ("Baja").
Item 5. FULL DESCRIPTION OF MATERIAL CHANGE
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Turbodyne Technologies Inc. issued a news release today to update
development in its wholly-owned subsidiary.
Page 2
<PAGE>
Baja's preliminary results for the year ended December 31, 1996, and
comparatives for the year ended December 31, 1995, are as follows:
<TABLE>
<CAPTION>
December 31/96 December 31/95
U.S. DOLLARS U.S. DOLLARS
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<S> <C> <C>
Sales: $34,064,000 $28,986,000
Cost of Goods Sold: $26,502,000 $23,333,000
Gross Margin: $ 7,562,000 $ 5,653,000
Net Income Before Taxes: $ 3,289,000 $ 1,506,000
</TABLE>
The above figures are subject to year end audit adjustments and
provisions for any intercorporate charges by Turbodyne.
As well, Baja recently received three significant new purchase order
from its major customers Allied Signal, Navistar and American Racing,
which will result in additional sales over the next three years of
approximately $60,000,000 U.S. These purchase orders represent an
additional $4.2 million U.S. of increased business from these
customers fro the 1997 fiscal year. Baja is also negotiating the
acquisition of expanded facilities in Mexico to meet its production
requirements and for production of Turbodyne products.
Baja is a manufacturer of permanent mold and sand cast aluminum
products for automotive applications. Baja produces custom wheels
for the automotive aftermarket and manufactures on a contract basis
for original equipment manufacturers as well as short term production
runs of cast aluminum products, including prototypes, for a variety
of industrial customers.
Item 6. RELIANCE ON SECTION 67(2) OF THE ACT
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Not Applicable
Item 7. OMITTED INFORMATION
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None
Item 8. SENIOR OFFICERS
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EDWARD M. HALIMI - President
6155 Carpinteria Avenue
Carpinteria, California
93013
Telephone: (805) 684-4551
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<PAGE>
Item 9. STATEMENT OF SENIOR OFFICER
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The foregoing accurately discloses the material change referred to
herein.
January 30, 1997
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Date
/s/ Edward Halimi
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(signature)
Edward Halimi
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Name
President
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Position
Carpinteria, CA
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Place of Declaration
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