FORM 6-K
SECURITIES AND EXCHANGE COMMISSION
Washington, C.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 March, 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
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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.
TURBODYNE TECHNOLOGIES INC.
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(Registrant)
Date: MARCH 20, 1998 By: /S/ ANDREW LEE
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ANDREW O.D. LEE, Secretary
(Signature)*
*Print the name and title of the signing officer under his signature
<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
Facsimile: 604-688-8621
ITEM 2. DATE OF MATERIAL CHANGE
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March 18, 1998
ITEM 3. PRESS RELEASE
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March 18, 1998
ITEM 4. SUMMARY OF MATERIAL CHANGE
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Turbodyne Technologies Inc. ("Turbodyne") announced that it has
received the initial production purchase order from Detroit Diesel
Corporation ("DDC"), a leading global manufacturer of diesel engines,
for Turbopac TM 2500 bus kits (BUSPAC TM kit). The approximate value
of the initial order is in the range of $450,000 to $500,000.
ITEM 5. FULL DESCRIPTION OF MATERIAL CHANGE
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Turbodyne announced that it has received the initial production
purchase order from Detroit Diesel Corporation ("DDC"), a leading
global manufacturer of diesel engines, for Turbopac TM 2500 bus kits
(BUSPAC TM kit). The approximate value of the initial order is in the
range of $450,000 to $500,000.
This order is part of the ongoing partnership between Detroit Diesel
Corporation, Environmental Control Systems, and Turbodyne relating
to the Environmental Protection Agency's (EPA) Urban Bus
Retrofit/Rebuild program. The program was initiated to develop the
most advanced solution for meeting stringent new
Page 2
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emissions standards set by the EPA for public transit buses in order
to provide "clean air diesel" service to American communities.
This initial stocking order for the BusPac TM kits by DDC's
Worldwide Parts Distribution Centre, in Canton, Ohio is in
anticipation of the imminent official certification by the EPA
expected before the end of the month. The estimated first year sales
level is approximately 1250 kits.
Urban bus operators across the United States will be installing
BusPacs TM as part of a DDC emission upgrade package. Ongoing
evaluations by Transit Authorities in Milwaukee, Wisconsin;
Baltimore, Maryland and Washington, D.C. have demonstrated an
increase in fuel economy and virtual elimination of black smoke,
which overwhelmingly illustrates the winning combination of
Turbodyne's breakthrough technology with DDC's renowned and reliable
6V-92A MUI engine.
"Ten BusPacs TM have already been purchased under waivers from the
EPA by the Milwaukee County Transit System and are operating in
revenue service in advance of the official certification," said
Walter Ware, President and CEO. "In addition, seven other U.S.
cities have BusPac TM pilot installations operating in daily revenue
service, with more installations being added every day."
"Today, a total of 19 BusPacs TM are operating in eight major cities
across the U.S., saving fuel and improving the environment," Ware
concluded.
Turbodyne is a start-up high technology company specializing in the
design, development, manufacture and marketing of 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. Its light metals division is a manufacturer
of precision-machined aluminum castings and a leading supplier of
engineered cast aluminum products for the automotive industry.
Offices and plants are located in Carpinteria, La Mirada, Encinatas
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.
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ITEM 8. SENIOR OFFICERS
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Mr. Walter F. Ware, Chief Operating 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.
MARCH 20, 1998
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Date
/S/ ANDREW LEE
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(signature)
Andrew Lee
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Name
Corporate Secretary
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Position
Vancouver, British Columbia
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Place of Declaration
