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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D. C. 20549
FORM 8-K
CURRENT REPOT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of report (Date of earliest event reported) August 5, 1999.
CLEAN DIESEL TECHNOLOGIES, INC.
(Exact name of Registrant as Specified in Charter)
0-27432
(Commission File Number)
Delaware 06-1393453
(State or Other Jurisdiction (IRS Employer
Of Incorporation) Identification No.)
300 Atlantic Street
Stamford CT 06901
(Address of Principal Executive Offices)
Registrant's telephone number, including area code (203) 327-7050
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Item 5. On August 5, 1999 the Registrant issued the press release attached as
Exhibit A to this Report on Form 8-K relating to an equity financing in the
amount of $1.75 million.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the Registrant has duly caused this report to be signed by the undersigned
hereunto duly authorized.
CLEAN DIESEL TECHNOLOGIES, INC.
Dated: August 6, 1999 By /s/ C. W. Grinnell
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Secretary
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EXHIBIT A
CLEAN DIESEL TECHNOLOGIES, INC. ARRANGES $1.75 MILLION
EQUITY FINANCING
STAMFORD, CT (August 5, 1999) . . .Clean Diesel Technologies, Inc. (EBB:CDTI)
announced today that it has received commitments from private European investors
for the issuance of a further tranche of Convertible Preferred Stock in order to
raise $1.75 million. The financing is expected to close during the month of
August, 1999, subject to the completion of documentation.
CDT President and CEO Jeremy D. Peter-Hoblyn said, "The funds will be
used to support the commercialization of the Company's three product groups for
diesel engines. These are the ARIS(TM) 2000 NOx reduction technology for which
commercial systems have been delivered, the Platinum Plus(R) fuel catalysts for
particulate filters and oxidizers and the Platinum Plus fuel catalysts for
premium diesel fuel, reflecting economy improvement and emissions reduction.
"As previously announced, the Company is in discussion with potential
partners for the licensing of its ARIS 2000 technology both for stationary and
mobile diesel engines," he said.
Clean Diesel Technologies, Inc. is a development-stage company
supplying advanced catalytic fuel additives and systems that reduce harmful
emissions from internal combustion engines while improving fuel economy in
diesel-and gasoline-fueled engines and nitrogen oxide (NOx) reduction systems
and chemicals for control of NOx emissions from diesel engines. Platinum Plus(R)
is a registered trademark of Clean diesel Technologies, Inc.
Certain statements in this news release constitute "forward-looking statements"
within the meaning of the Private Securities Litigation Reform Act of 1995. Such
forward-looking statements involve known or unknown risks, uncertainties and
other factors which may cause the actual results, performance or achievements of
the Company, or industry results, to be materially different from any future
results, performance or achievements expressed or implied by such
forward-looking statements. Readers are cautioned not to place undue reliance on
these forward-looking statements, which speak only as of the date hereof.
