Australia Presents Dynamic Market for New IMPCO Technologies Product
2005年6月24日 - 11:00PM
PRニュース・ワイアー (英語)
Australia Presents Dynamic Market for New IMPCO Technologies
Product CERRITOS, Calif., June 24 /PRNewswire-FirstCall/ -- IMPCO
Technologies, Inc. (NASDAQ:IMCO) is poised to benefit from the
introduction of its new BRC "Sequent" system, a state of the art
electronic sequential gaseous fuel injection system, in the
Australian market. The combination of a desire for new technology,
tighter emission controls and the Australian market dynamic,
fuelled by consistently high oil prices and strong government
support for alternative fuels such as propane and natural gas has
set the tone for the launch of the next generation of gaseous
fuelled systems from IMPCO & BRC. Following a successful pilot
project which proved the viability of IMPCO Technologies modern,
electronic sequential gaseous fuel injection systems, Western
Australia's Government owned energy utility, Western Power, is
investing in the world leading alternative fuels technology to
power their fleet. The Minister for Energy, in a November 2004
press release stated, "Soaring petrol and diesel prices meant the
new technology made financial as well as environmental sense.
Initial tests showed fuel bills could be halved." Consumer demand,
especially among fleet owners, has led nearly every Original
Equipment Manufacturer (OEM) selling vehicles in Australia to offer
at least one model available with propane and a number of OEMs have
already selected Sequent as their next generation of propane
systems, due for production release in 2005-2006. Propane prices in
major Australian cities this year have been in the 40 to 45 cents
per litre range while gasoline has averaged $1.00 to $1.10. A fuel
price differential of 60 cents per litre can generate fuel cost
savings of more than $1100.00 per year for a typical V6 sedan
travelling 20,000 km per year. Economic benefit, lower emissions,
government support and OEM participation have served to renew
interest among individual consumers in addition to the traditional
fleet market. The Australian Government has committed to keeping
LPG excise free until 2011 and upward pressure on world oil prices
is expected to continue for the foreseeable future. About IMPCO
Technologies: IMPCO designs, manufactures, markets and supplies
advanced product and systems to enable internal combustion engines
to run on clean burning gaseous fuels such as natural gas, propane
and biogas. IMPCO is leader in the heavy duty, industrial, power
generation and stationary engines sectors. Headquartered in
Cerritos, California, IMPCO has offices throughout Asia, Europe,
Australia and North America. More information can be found at
IMPCO's web site, http://www.impco.ws/. About BRC Gas Equipment:
BRC produces a complete range of systems for converting vehicles to
gaseous fuel to meet market requirements. BRC is leader in the
light duty and automobile alternate fuel sectors and established
alliances with several major car-makers for OEM projects.
Headquartered in Cherasco, Italy, BRC has offices throughout Asia,
Europe and South America. More information can be found at BRC's
web site, http://www.brc.it/ Except for historical information, the
statements, expectations and assumptions contained in the foregoing
press release are forward-looking statements. Such forward-looking
statements include, but are not limited to, the company's
expectations regarding revenues in future periods and trends in the
global economy and environmental regulation that impact our
business from time to time. Such statements are subject to a number
of risks and uncertainties, and actual results could differ
materially from those discussed in any forward-looking statement.
Accordingly, you should not construe statements of anticipated
performance or planned courses of action as assurances or promises,
and note that our statements of expectations are based on
information currently available to management. Factors that could
cause actual results to differ materially from our forward-looking
statements include, among other factors, prevailing market and
global economic conditions; changes in environmental regulations
that impact the demand for our products; our ability to manage our
leverage and address operating covenant restrictions relating to
our indebtedness; our ability to negotiate and comply with waivers
pertaining to existing loan covenant defaults; the company's
ability to design and market advanced fuel metering, fuel storage
and electronic control products; the company's ability to meet OEM
specifications; and the level and success of the company's
development programs with OEMs. Readers also should consider the
risk factors set forth from time to time in our SEC reports,
including but not limited to those contained in the section
entitled "Management's Discussion & Analysis of Financial
Condition and Results of Operation -- Risk Factors" in its Annual
Report on Form 10-K for the fiscal year ended December 31, 2004.
The company does not undertake to update or revise any of its
forward-looking statements even if experience or future changes
show that the indicated results or events will not be realized. For
further information, please contact Dale Rasmussen, Vice President,
Investor Relations Email: Phone: +1-206-315-8242 Fax:
+1-206-315-8301 DATASOURCE: IMPCO CONTACT: Dale Rasmussen, Vice
President, Investor Relations of IMPCO Technologies,
+1-206-315-8242, or fax, +1-206-315-8301, Web site:
http://www.impco.ws/ http://www.brc.it/
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