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24.4.2003: Meldung: Impco Technologies: Engagement in Italien (engl.)

IMPCO Purchases 50% of BRC S.r.l.

Tuesday April 22, 9:06 am ET

 

CERRITOS, Calif., April 22 -- IMPCO Technologies, Inc. (Nasdaq: IMCO - News), announced today that the purchase of 50% of BRC S.r.l. will be effective on May 8, 2003. President and CEO, Robert Stemmler, who will be in Milan, Italy to sign the official documents stated, "This event brings together two leaders in the alternative fuel industry. Combining the resources of our two businesses is expected to improve our respective manufacturing, technical and market/sales capabilities."

 

BRC S.r.l. located in Cherasco, Italy, has annual sales approaching US$40 million and is a major global supplier of alternative gaseous fuel products and systems used in automobiles. They have four production facilities and six offices worldwide. BRC is widely known throughout the globe as one of the foremost leaders in automotive gaseous fuel technologies with a strong presence in over 50 countries.

 

IMPCO Technologies Inc., a global leader in the rapidly expanding alternative fuels industry has annual revenues approaching US$70 million. IMPCO is a recognized leader in the alternative fuel transportation and industrial markets with four production facilities and 14 offices worldwide.

 

IMPCO designs, manufacturers, markets and applies advanced alternative fuel products and systems. Headquartered in Cerritos, California, IMPCO has offices throughout Asia, Europe, South and North America. Certain matters discussed in this press release could contain forward-looking information that involves risks and uncertainties that could cause actual results to differ materially from current trends. These and other such risks as cited in the Company"s 2001 annual report on form 10K and other documents filed with the Securities and Exchange Commission.

 

Please contact Mr. Dale Rasmussen, Investor Relations, +1-206-315-8242. Mr. Rasmussen"s facsimile is +1-206- 315-8301. Media and Communications, please contact Mr. James S. Mitchell. +1-562-274-0116.

 

Source: IMPCO

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