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 31, 1998 By: /S/ ANDREW LEE
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ANDREW LEE
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(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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March 24, 1998
ITEM 3. PRESS RELEASE
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March 24, 1998
ITEM 4. SUMMARY OF MATERIAL CHANGE
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Turbodyne Technologies Inc. ("Turbodyne") announced that Turbopac TM
installations on six transit buses in Sao Paulo and Curitiba, Brazil,
have exceeded all of the air quality and fuel economy objectives by
as much as 100 percent. Evaluations demonstrated as much as a 67
percent reduction in harmful emissions and an 11 percent improvement
in fuel economy. Brazil has 300,000 urban transit buses, which is
nearly five times the size of the United States fleet.
ITEM 5. FULL DESCRIPTION OF MATERIAL CHANGE
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Turbodyne announced that Turbopac TM installations on six transit
buses in Sao Paulo and Curitiba, Brazil, have exceeded all of the air
quality and fuel economy objectives by as much as 100 percent.
Evaluations demonstrated as much as a 67 percent reduction in harmful
emissions and an 11 percent improvement in fuel economy. Brazil has
300,000 urban transit buses, which is nearly five times the size of
the United States fleet.
"These results represent another successful validation of the
financial payback of using the Turbopac TM to substantially reduce
harmful pollutants and global warming," said Walter Ware, Turbodyne's
President and CEO. "The financial
Page 2
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payback comes from burning less fuel, and burning less fuel directly
reduces carbon dioxide, the primary contributor to global warming.
Turbodyne provides the only known mobile technology that directly
reduces the emission of carbon dioxide."
"Brazil's total automotive aftermarket of more than 3.5 million
commercial vehicles, of which 85 percent are diesel-powered, holds
tremendous potential for Turbodyne products," continued Ware.
"Brazil has the largest GDP of the less-developed countries, and is
increasingly concerned about the environment and global warming. The
estimated market for pollution control products and services in
Brazil is approximately $19 billion."
"A newly enacted environmental law, announced by President Cardoso of
Brazil, incorporates extremely stringent requirements for reducing
air pollution and provides for heavy penalties escalating from $440
to $44,000,000 per vehicle for repeated non-compliance," Ware
continued. "This national policy is a major incentive for potential
Turbodyne customers, in addition to the demonstrated fuel economy
improvement which, alone, provides a financial payback in a short
period of time."
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. First commercial sales have begun.
Turbodyne's light metals division is a manufacturer of machined
aluminum castings and a leading supplier to the automotive industry,
providing $39 million in revenues in 1997.
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.
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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 30, 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
