Clean Diesel Technologies, Inc. Partners with American Infrastructure Leasing to Offer Fleet Owners and Operators Financing for Diesel Emission Retrofits
VENTURA, Calif., June 18, 2012 /PRNewswire/ — Clean Diesel Technologies, Inc. (NASDAQ:CDTI) (“Clean Diesel”), a cleantech emissions control company, has partnered with American Infrastructure Leasing (“AIL”), a leading provider of leases for aftermarket trucking equipment in North America, to offer leasing solutions for Clean Diesel’s ECS-branded diesel particulate filter (“DPF”) retrofit solutions to vehicle fleet owners and operators across North America. Under this exclusive program, AIL will provide the capital which is expected to enable qualified trucking fleets to acquire Clean Diesel retrofit solutions on terms that are convenient and financially attractive to their businesses.
“Mandated emission reduction programs require fleet owners to replace or retrofit vehicles by certain deadlines, such as the California Air Resource Board’s Truck and Bus Regulation which deadlines begin in 2012. The requirement to retrofit one to several vehicles often results in the need for our customers to reprioritize their capital and financing needs, and this can become a burden for them. We believe that this exclusive financing option, offered by our partner AIL, will provide qualified customers the ability to better manage within their budgetary constraints. We consider AIL an ideal partner given their experience and reputation with truck fleet customers and we are pleased to be the first and only company, we believe, to offer a DPF retrofit leasing program for truck owners in California,” said Lyndon Smith, Clean Diesel’s Vice President and General Manager.
Under the program, AIL will provide equipment leasing options for the full range of DPF retrofit solutions available from Clean Diesel and Clean Diesel’s licensed distribution partners. More information on the financing program will soon be available at www.CARBcompliance.info.
About American Infrastructure Leasing
AIL is a leading provider of equipment leasing solutions for trucking fleets in North America. AIL is an experienced lease provider for a wide range of trucking equipment and aftermarket installations, offering simple and readily available terms. Leases from AIL allow trucking fleets to acquire and use equipment from leading vendors on terms that are both convenient and financially attractive to their businesses. For more information, please visit www.aileasing.com.
About Clean Diesel Technologies, Inc.
Clean Diesel is a vertically integrated global manufacturer and distributor of emissions control systems and products, focused on the heavy duty diesel and light duty vehicle markets. Clean Diesel utilizes its proprietary patented Mixed Phase Catalyst (MPC®) technology, as well as its ARIS® selective catalytic reduction, Platinum Plus® fuel-borne catalyst, and other technologies to provide high-value sustainable solutions to reduce emissions, increase energy efficiency and lower the carbon intensity of on- and off-road engine applications. Clean Diesel is headquartered in Ventura, California and currently has operations in the U.S., Canada, U.K., France, Japan and Sweden. For more information, please visit www.cdti.com.
Forward-Looking Statements Safe Harbor
Certain statements in this news release, such as statements regarding future financing approval of Clean Diesel’s customers or the status of financing options within the industry, 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, including those detailed in Clean Diesel’s filings with the U.S. Securities and Exchange Commission, uncertainties and other factors that may cause the actual results, performance or achievements of Clean Diesel 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. Clean Diesel assumes no obligation to update the forward-looking information contained in this release.
SOURCE Clean Diesel Technologies, Inc.