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 May, 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: JUNE 1, 1998 By: ANDREW LEE
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/S/ ANDREW LEE
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(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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May 26, 1998
ITEM 3. PRESS RELEASE
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May 26, 1998
ITEM 4. SUMMARY OF MATERIAL CHANGE
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Turbodyne Technologies Inc. ("Turbodyne") announced that a major
European vehicle and engine manufacturer has selected Turbodyne's
Turbopac[TM] models 1500 and 2200 for incorporation as standard
equipment on three classes of engines being manufactured for the 1999
model year.
ITEM 5. FULL DESCRIPTION OF MATERIAL CHANGE
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Turbodyne announced that a major European vehicle and engine
manufacturer has selected Turbodyne's Turbopac[TM] models 1500
and 2200 for incorporation as standard equipment on three classes of
engines being manufactured for the 1999 model year.
"This is the first breakthrough for Turbodyne with respect to a major
original equipment manufacturer, and is the culmination of more than
three years of joint development and product evaluation under the
program management of Dr. William Woollenweber, Turbodyne's Executive
Vice-President," said Turbodyne's Chairman Edward Halimi.
<PAGE>
The decision to select the Turbopac[TM] was finalized earlier this
month between executives of the manufacturer and the Turbodyne team,
headed by Dr. Woollenweber and including Mr. David Willett,
Turbodyne's Vice President of Electronic Power Systems.
Final logistical arrangements, exchange of installation drawings, and
timetables were discussed last week at the manufacturer's
headquarters in Europe, during a visit by Edward Halimi, Turbodyne
Europe's Dr. Peter Hofbauer, technical director, and Mr. Peter
Kitzinski, financial director, and Mr. John Singleton, Turbodyne's
Chief Operating Officer and CFO.
According to the terms of the confidential agreement between the
companies, Turbodyne is prohibited from disclosing the name of the
manufacturer until vehicles and engines equipped with Turbopacs[TM]
reach the marketplace for the 1999 model year. Shipments of
Turbopacs[TM] to the manufacturer are expected during the fourth
quarter of 1998.
"Turbodyne has been conducting joint development and product
evaluation programs with most of the major American and European
vehicle and engine manufacturers for several years," said Dr. William
Woollenweber. "Considering the dramatic performance and fuel economy
improvements, emissions reductions and engine cold start capabilities
of using Turbodyne technology, we expect selection of Turbodyne
products by other manufacturers in the future."
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. Turbodyne's light metals division is a
manufacturer of machined aluminum castings and a leading supplier to
the automotive industry.
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.
Page 3
<PAGE>
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.
JUNE 1, 1998
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Date
ANDREW O.D. LEE
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(signature)
ANDREW O.D. LEE
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Name
CORPORATE SECRETARY
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Position
VANCOUVER, BRITISH COLUMBIA
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Place of Declaration
