CDTi Announces Third Quarter 2017 Financial Results

World News: . []

OXNARD, Calif., Nov. 14, 2017 (GLOBE NEWSWIRE) -- Clean Diesel Technologies, Inc. (Nasdaq:CDTI) (“CDTi” or “the Company”), a leader in advanced emission control technology, reported its financial results for the third quarter ended Sept. 30, 2017.

Matthew Beale, CDTi’s CEO, stated, “The third quarter marked several critical milestones in CDTi’s development as a provider of enabling technology to the automotive catalyst industry.  We completed our business realignment with the sale of our downstream distribution activities in the North American aftermarket, secured our first Chinese OEM vehicle platform for our advanced materials and signed a joint development agreement with a major global OEM focused on material systems for catalyst applications.”

“Importantly, the global regulatory environment, automotive industry trends and commodity price dynamics further strengthen our unique value proposition.  With our streamlined operations, lower cost base and clean balance sheet, CDTi is ideally positioned to capitalize on its growing commercial pipeline.” 

 

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Globe Newswire: 21:05 GMT Tuesday 14th November 2017

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