NEW! Investment Companies Centre
Virgin Credit Card:
£12.91m
0.000p ()
30.50p
|
For immediate release |
8 October 2008 |
Catalytic Solutions, Inc.
(The "Company")
Migration from CTS to CTSU
Catalytic Solutions, Inc. (AIM:CTS and CTSU), the company behind Mixed Phase Catalyst (MPC®) technology, is pleased to announce that 7,448,079 of its Common Shares will be migrated from its restricted "CTS" trading line to its unrestricted trading line "CTSU". Migration and admission to AIM is expected to occur on or about 13 October 2008.
Following admission of these shares Catalytic Solutions will have a total of 69,761,902 Common Shares admitted to AIM, of which 34,868,997 trade under the symbol CTS in a restricted manner as permitted by Regulation S of the U.S. Securities Act of 1933 (the 'Securities Act') and 34,892,905 will be trading under the symbol CTSU in an unrestricted manner under an available exemption provided under the Securities Act.
For further details, please contact:
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Catalytic Solutions, Inc. Charlie Call, Chief Executive Officer Steve Golden, Chief Technical Officer Nikhil Mehta, Chief Financial Officer Tel: +1 (805) 486-4649 |
Canaccord Adams Robert Finlay Bhavesh Patel Tel: 020 7050 6500 |
Buchanan Communications Charles Ryland Ben Willey Christian Goodbody Tel: 020 7466 5000 |
About Catalytic Solutions, Inc.
Catalytic Solutions operates in the field of catalysis, offering catalyst-based solutions for clean utilization of fossil fuels. Catalytic Solutions was successfully admitted to AIM (AIM:CTS and CTSU), a market operated by the London Stock Exchange plc, in November 2006. The Company is focused on the creation, manufacture and supply of emission control catalysts for motor vehicle (gasoline and diesel engines) and energy applications (gas turbines, boilers, gensets). Catalytic Solutions' catalysts are designed to deliver high value to customers while benefiting the global environment through air quality improvement, sustainability and energy efficiency. With over eight million parts supplied to customers since 1996, Catalytic Solutions' proven technical and manufacturing competence meets auto makers' most stringent requirements. In December 2007, the Company acquired Engine Control Systems, a manufacturer of technology-based emission control systems giving Catalytic Solutions access to European manufacturing, product testing and development. Engine Control Systems develops, manufactures and supplies a full range of custom-built technology-based and standard emission control products for original equipment, aftermarket and retrofit applications. The products are used for treating harmful exhaust emissions primarily in the heavy-duty diesel market. The technology-based products change or modify the nature of the exhaust gases, thereby reducing hazardous elements rather than simply attenuating noise. In August 2006, the Company acquired certain tangible and intangible assets from Applied Utility Systems and established Applied Utility Systems, Inc. (a wholly owned subsidiary of the Company) as the operating company for the new business. Applied Utility Systems is engaged in designing and installing systems related to the clean and efficient use of fossil fuels outside of their use in motor vehicles. The Company currently has operations in the USA, Canada, France, Japan, Sweden and an Asian Joint Venture.