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 April, 1998
TURBODYNE TECHNOLOGIES INC.
- -------------------------------------------------------------------------------
(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
[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: APRIL 24, 1998 By: ANDREW LEE
------------------------- ---------------------
/S/ ANDREW LEE
------------------------
(Signature)*
Corporate Secretary
*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
SECURITIES ACT
MATERIAL CHANGE REPORT UNDER SECTION 85(1) OF THE ACT
ITEM 1. REPORTING ISSUER
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
April 14, 1998
ITEM 3. PRESS RELEASE
April 14, 1998
ITEM 4. SUMMARY OF MATERIAL CHANGE
Turbodyne Technologies Inc. ("Turbodyne") announced it has entered
into an agreement with Ralphs Grocery Company ("Ralphs"), to install
the Turbopac low-emission system on representative engines of the
Southern California supermarket company's truck fleet.
ITEM 5. FULL DESCRIPTION OF MATERIAL CHANGE
Turbodyne announced it has entered into an agreement with Ralphs
Grocery Company ("Ralphs"), to install the Turbopac low-emission
system on representative engines of the Southern California
supermarket company's truck fleet.
Page 2
<PAGE>
Ralphs is the largest supermarket operator in Southern California
with 400 stores and an additional 65 in Northern California and the
Midwest. The company is a subsidiary of Fred Meyer, Inc., one of the
nation's five largest food and drug retailers with 800 stores in the
western United States and annual sales of $15 billion.
Turbodyne's Turbopac TM recently received official certification as
an approved emission reduction system from the United States
Environmental Protection Agency.
The Turbopac TM is widely recognized as the only anti-pollution
product that provides a financial payback to the user through
substantially improving fuel economy and performance. It is an
electronic supercharger that provides additional air to the engine
during the peak demand periods of acceleration under load. This
facilitates more efficient combustion thereby reducing emissions and
fuel consumption, and improving engine power and vehicle performance.
The reduction in harmful pollutants is a direct result of the
combination of improved combustion efficiency and reduced fuel
consumption required for the same power output.
Another unique benefit of the Turbopac TM technology is that the
carbon dioxide, the primary contributor to global warming, is reduced
in direct proportion to the reduction in fuel burned.
"Not only will Ralphs directly help the communities it serves by
cleaning the air people breathe, its efforts will also contribute to
easing the threat of global warming, reducing public health care
costs, and improving the overall quality of life, setting an example
for other trucking fleets," says Walter Ware, Turbodyne's President &
Chief Executive Officer. "By using the Turbopac TM to reduce
pollutants from its heavy-duty diesel engines, Ralphs will also enjoy
a financial payback in the form of lower fuel consumption and
improved vehicle performance, which results in a win-win' situation
for the people, the environment, Ralphs and Turbodyne."
"Ralphs' decision to test the Turbopac TM within its fleet of several
hundred trucks is an important marketing step for Turbodyne," Ware
continued. "In the United States alone, there are more than seven
million medium and heavy-duty delivery trucks in the aftermarket
sector, driving 200 billion miles a year. With many states becoming
increasingly concerned about commercial vehicle emissions and
enforcing stricter compliance and/or enacting new laws such as the
puff of black smoke' laws, the Turbopac TM is really the only
cost-effective solution."
Turbodyne Systems, the high technology division of Turbodyne,
manufacturers, designs, markets and develops patented
pollution-reduction, fuel economy and performance enhancing
technology for internal combustion engines in the
Page 3
<PAGE>
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
Not applicable.
ITEM 7. OMITTED INFORMATION
Not applicable.
ITEM 8. SENIOR OFFICERS
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
The foregoing accurately discloses the material change referred
to herein.
April 24, 1998
- ------------------------------------
Date
/S/ ANDREW LEE
- ------------------------------------
(signature)
Andrew Lee
- ------------------------------------
Name
Page 4
<PAGE>
Corporate Secretary
- ------------------------------------
Position
Vancouver, BC
- ------------------------------------
Place of Declaration