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 July, 1998
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
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(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
[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
[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.
TURBODYNE TECHNOLOGIES INC.
(Registrant)
Date: JULY 8, 1998 By: LEON E. NOWEK
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/S/ LEON E. NOWEK
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Director
(Signature)*
*Print the name and title of the signing officer under his signature
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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
Facsimile: 604-688-8621
ITEM 2. DATE OF MATERIAL CHANGE
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July 3, 1998
ITEM 3. PRESS RELEASE
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July 3, 1998
ITEM 4. SUMMARY OF MATERIAL CHANGE
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Turbodyne Technologies Inc. (the "Company") announced today
that TransBusiness Group of Moscow, Russian Federation, has
formally submitted a purchase order for 10,500 TurbopacTM
Models 1500, 2200, and 2500 in the total amount of
$30,675,000, with an option to purchase an additional 10,500
TurbopacTM units at the same price for a period of 12 months
from the date of the purchase order - July 1, 1998.
ITEM 5. FULL DESCRIPTION OF MATERIAL CHANGE
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Turbodyne Technologies Inc. announced today that TransBusiness
Group of Moscow, Russian Federation, has formally submitted a
purchase order for 10,500 TurbopacTM Models 1500, 2200, and
2500 in the total amount of $30,675,000, with an option to
purchase an additional 10,500 TurbopacTM units at the same
price for a period of 12 months from the date of the purchase
order - July 1, 1998.
The purchase order, formally accepted and confirmed by
Turbodyne today, provides for the first shipment on October 1,
1998, based on shipping notices 60 days prior to the date of
shipment and the entire order to be shipped no later than 12
months from the date of the order. The purchase order
indicates that all financing arrangements are expected to be
finalized 30 days prior to the first shipment date.
Under the terms of the purchase order, Turbodyne, with
cooperation from TransBusiness, will immediately establish a
technical representative facility in Moscow for assistance in
installations, training and technical assistance in
TransBusiness Group's distribution program.
The initial installations of TurbopacTM units are expected to
be on Moscow Transit buses, with a fleet of more than 30,000.
"TurbopacTM evaluation units have been installed on Moscow
city buses for more than a year now under a pilot program with
satisfactory results," said Edward M. Halimi, Chairman, who is
scheduled to visit Moscow with Dr. Joseph Ben-Dak of United
Nations Development Program and a technical team for meetings
with officials from the City of Moscow and the Russian
Federation's Transportation Ministry.
<PAGE>
"Turbodyne's technology is now considered as the only
technology available which can reduce the global warming
effect of diesel vehicles. As such, it has made users of
Turbodyne technology candidates for several grants and
financing assistance from various organizations, including the
World Bank," continued Edward Halimi. "Our objective is to
equip all Moscow and other transit buses and trucks in the
Russian Federation with TurbopacTM products."
The Turbopac'sTM ability to enable diesel engines to start-up
in cold climates without difficulty eliminates the need to
leave an engine running all night or while not in use, which
causes unnecessary fuel waste, air pollution and engine wear.
The cold start capabilities, along with elimination of black
smoke, dramatic fuel economy, performance improvements, and
recent certifications at the State Scientific Centre of the
Russian Federation in the Automotive Equipment, the Central
Automobile and Automobile Engine Scientific Research
Institute, (GNTS NAMI) has created serious demand for the
Turbodyne technology in the region with its high population of
diesel vehicles.
Turbodyne Systems, the high technology division of Turbodyne,
manufactures, designs, markets and develops patented
pollution-reduction, fuel economy and performance enhancing
technology for internal combustion engines in the automotive,
transportation, construction, marine, agriculture, mining,
military and power generation industries. Offices and plants
are located in Carpinteria, La Mirada, Encinitas and Woodland
Hills, CA; Ensenada and Mexico City, Mexico; Northants,
England; Frankfurt, Germany; Vancouver, Canada; and Paris,
France.
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.
ITEM 8. SENIOR OFFICERS
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Mr. Walter F. Ware
President & Chief Executive Officer
c/o Turbodyne Technologies Inc.
21700 Oxnard Street
Suite 1550, Warner Center
Woodland Hills, California 91367
Telephone: (800) 350-2031
Facsimile: (818) 593-2284
ITEM 9. STATEMENT OF SENIOR OFFICER
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The foregoing accurately discloses the material change
referred to herein.
JULY 8, 1998
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Date
/S/ LEON E. NOWEK
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(signature)
LEON E. NOWEK
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Name
<PAGE>
DIRECTOR
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Position
WOODLAND HILLS, CA
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Place of Declaration
