Clean Diesel Technologies, Inc. has licensed its Wire Mesh Filter (WMF) technology to Headway Machinery Co., Ltd. (Zhucheng City, China), the largest commercial diesel engine exhaust company in China. This agreement enables Headway to develop the WMF technology in order to provide particulate matter (PM) emission reduction solutions to China-based truck manufacturers. The objective for Headway is to bring China in line with the Euro IV PM emission standards for light and medium duty trucks. China adopted the Euro IV emissions standards on Jan. 1. Clean Diesel, in return, will receive an upfront licensing fee and royalties on all WMF units sold in China. “This deal provides Clean Diesel comprehensive access to the world’s second largest automotive market,” says Dr. Bernhard Steiner, president and CEO of Clean Diesel Technologies. “This agreement reinforces the value of our technologies as cost effective, robust emission control solutions for use worldwide. We are very proud to be working with Headway Machinery.” “Combining our market reach with technologies from Clean Diesel, a world leader in the development of emissions reduction technologies, will help provide a cleaner future for China,” Headway CEO Pei-hai Gao says. “Our cooperation combines the respective strengths of both parties, which includes deep market penetration on the one hand and proven effective technology on the other. “As the world pays more attention to environmental matters, and as China emphasises energy efficiency and pollution reduction, I am confident that our cooperation will have a long, enduring future,” he continues. “I see great success and a bright future for our two companies.” For more information, visit www.headwaymachine.com or www.cdti.com. |