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Clean Diesel Technologies Announces Appointment of David Gammon to the Board of Directors(GlobeNewswire Via Acquire Media NewsEdge) STAMFORD, Conn., Nov. 10, 2008 (GLOBE NEWSWIRE) -- Clean Diesel Technologies, Inc. (Nasdaq:CDTI) (XETRA:CDIA) (AIM:CDT), the cleantech emissions reduction company, today announced the appointment of David Gammon to the company's Board of Directors. Mr. Gammon's background encompasses business consulting for technology growth companies with disruptive technologies in both the private and public sectors and assisting with funding for these entities. Mr. Gammon is the Chief Executive Officer of Rockspring Limited, a company he founded in 1988, where he has advised, raised funds and invested in many of Rockspring's portfolio companies. These companies included Envisional Solutions Limited, an internet search company focused on anti-fraud and counterfeit solutions, The Library House Limited, a business information and consulting firm focused on technology and renewable energy, Amino Communications PLc, a provider of consumer premises equipment and technology for IPTV, Internet TV and in-home multimedia, and Ten Sails LLP, a consulting firm devoted to the launch of promising companies, among others. Previously he was a director/founding member of the technology origination and private equity advisory group of Credit Lyonnais UK, having moved there from Credit Lyonnais Securities Europe. Prior to Credit Lyonnais, David was a director at Robert Fleming Securities Limited where he was responsible for European Brokerage outside the UK. With Robert Fleming he was also the managing director/founder of Robert Fleming's operations in Spain. Before Robert Fleming he was a vice president responsible for European equities with Salomon Brothers International and earlier in his career gained experience of equities and fund management with Barings Securities, Duncan Portfolio Management and Sabrelance Limited. Commenting on the appointment, Mr. Derek Gray, Chairman, stated, "David's appointment brings us a wealth of financial and business advisory experience, which will be a major asset to the Company. His direct involvement in shaping the successful future of promising technology companies is an expertise that will benefit Clean Diesel as we proceed with our technology licensing and other initiatives to increase market penetration of our emission reduction technologies, which address energy efficiency, climate change and clean air requirements for diesel engines. We are delighted to welcome him to the Board." About Clean Diesel Technologies Clean Diesel Technologies (Nasdaq:CDTI) is a cleantech company providing sustainable solutions to reduce emissions, increase energy efficiency and lower the carbon intensity of on- and off-road engine applications. Clean Diesel's patented technologies and products allow manufacturers and operators to comply with increasingly strict regulatory emissions and air quality standards, while also improving fuel economy and power. The Company's solutions, which are in commercial use worldwide, significantly reduce emissions formed by the combustion of fossil fuels and biofuels, including particulate matter (PM), nitrogen oxides (NOx), carbon monoxide and hydrocarbons. Clean Diesel solutions also reduce carbon dioxide (CO2) emissions, a key greenhouse gas associated with global climate change. Clean Diesel develops and manages intellectual property from original concept to full-scale commercial deployment. Its offerings include ARIS(r) Selective Catalytic Reduction (SCR); the patented combination of SCR and Exhaust Gas Recirculation; hydrocarbon injection for emissions control applications; Platinum Plus(r) Fuel-Borne Catalyst (FBC); the Purifier(tm) family of particulate filter systems; and its Wire Mesh Filter particulate filter technologies. The Company was founded in 1995 and is headquartered in Stamford, Connecticut. A wholly owned subsidiary, Clean Diesel International, LLC, is based in London, England. For more information, please visit www.cdti.com. Certain statements in this news release 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 the Company's filings with the U.S. Securities and Exchange Commission, uncertainties and other factors which may cause the actual results, performance or achievements of the Company, or industry results, 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. Please visit us on the World Wide Web at: www.cdti.com CONTACT: Crescendo Communications, LLC U.S. investor contact David K. Waldman Klea Theoharis +1 212 671 1020 [email protected] Innovator Capital Limited Financial press inquiries Shaun Brown Jade Summer [email protected] +44 20 7297 6840 Matter Communications Technical press inquiries Jacqueline Volovich +1 415 984 6281 [email protected] Clean Diesel Technologies, Inc. Ann Ruple, CFO +1 203 327 7050 [email protected] Charles Stanley Securities Nominated Adviser Philip Davies Freddy Crossley +44 20 7149 6457 Copyright ? 2008 GlobeNewswire, Inc. |