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 June 6, 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
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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 /s/Leon E. Nowek
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Date 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 85(1) OF THE
SECURITIES ACT.
FORM 27
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SECURITIES ACT
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MATERIAL CHANGE REPORT UNDER SECTION 85(1) OF THE ACT
ITEM 1. REPORTING ISSUER
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TURBODYNE TECHNOLOGIES INC.
Suite 510,
1090 West Pender Street
Vancouver, British Columbia V6E 2N7
Telephone: 604-682-8854
800-755-1865
Facsimile: 604-688-8621
ITEM 2. DATE OF MATERIAL CHANGE
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June 6, 1997.
ITEM 3. PRESS RELEASE
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June 6, 1997, Carpinteria, California.
ITEM 4. SUMMARY OF MATERIAL CHANGE
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TURBODYNE TECHNOLOGIES INC. ("Turbodyne") announced that it has
entered into an agreement in principle with Kuhnle, Kopp & Kausch AG
("3K") to form a joint venture for the design, development,
manufacture and marketing of a new line of turbochargers,
incorporating Turbodyne's technology, for 3K's major customers in the
European automotive market.
Page 2
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ITEM 5. FULL DESCRIPTION OF MATERIAL CHANGE
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Turbodyne has entered into an agreement in principle with Kuhnle,
Kopp & Kausch AG ("3K") to form a joint venture for the design,
development, manufacture and marketing of a new line of
turbochargers, incorporating Turbodyne's technology, for 3K's major
customers in the European automotive market.
3K, a unit of the well known Penske automotive organization, is
Germany's largest manufacturer of turbochargers. This agreement is a
result of Turbodyne's ongoing development program with Volkswagen AG.
On the recommendation of Volkwagen, Turbodyne is aligning itself with
a turbocharger manufacturer with the logistical capabilities for on
time delivery of product in quantity with the quality standards
acceptable to automakers. Volkswagen is major purchaser of 3K
turbochargers.
Under the terms of the joint venture, Turbodyne will license its
technologies to the joint venture and will participate in the
development, component supply and assembly of products. 3K will have
the overall responsibility for marketing, sales and after sales
service of the joint venture products through their established
distributor and dealer network. The license to be granted by
Turbodyne to the joint venture will be for targeted automotive
manufacturers in Europe and such other territories as the parties may
mutually agree.
The license to the joint venture will be royalty free with joint
venture profits to be shared on a formula based on cost contribution.
The European market for turbochargers is estimated to be at least one
billion US dollars annually.
ITEM 6. RELIANCE ON SECTION 85(2) OF THE ACT
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Not Applicable.
ITEM 7. OMITTED INFORMATION
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Not Applicable.
Page 3
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ITEM 8. SENIOR OFFICERS
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Leon E. Nowek, Chief Financial Officer
c/o TURBODYNE TECHNOLOGIES INC.
Suite 510,
1090 West Pender Street
Vancouver, British Columbia V6E 2N7
Telephone: 604-682-8854
800-755-1865
Facsimile: 604-688-8621
ITEM 9. STATEMENT OF SENIOR OFFICER
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The foregoing accurately discloses the material change referred to
herein.
JUNE 11, 1997
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Date
/S/ ANDREW LEE
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(signature)
ANDREW LEE
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Name
SECRETARY & CONTROLLER
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Position
VANCOUVER, BC
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Place of Declaration
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