16.10.2003: Meldung: Impco Egypt Sales Exceed $1 Million in 1st Four Months of Operation

IMPCO Technologies, Inc. today announced that the company""s recent entry into the growing Egyptian natural gas vehicle market has developed with greater speed then expected with sales of $1 million exceeding expectations by 150% during the first four months of operation. Since the start of business in July 2003, sales of CNG tanks have captured the major market share of the domestic light duty CNG tank market. The tanks are manufactured by a subsidiary of the BRC/IMPCO joint venture partner in Brazil who is part of the Praxair family of companies. Mr. Waleed Samir, IMPCO Egypt""s General Manager said, "In addition to our CNG fuel storage business, the Cairo office is also commercially engaged in applications that cover the full spectrum of natural gas fuel use in internal combustion engines including bus, truck, light duty vehicle and industrial power generation and irrigation applications." He also stated, "The $500 million total potential Egyptian alternative fuels market is growing very rapidly in Egypt due to severe air pollution problems in its major cities and the involvement of the government to improve air quality. Also, the desire of Egypt to use its own natural gas reserves versus importing liquid fuel provides an additional incentive to reduce its balance of payment deficit and create more jobs." The price of CNG in Egypt is 55% less than petrol.

Regarding IMPCO:

IMPCO and BRC design, manufacture, market and supply advanced alternative fuel systems and related products for the transportation, industrial and power generation markets. Headquartered in Cerritos, California and Cherasco, Italy, they have offices in Asia, Europe, Australia and South and North America. More information can be found at IMPCO""s web site, http://www.impco.ws/ and at BRC""s web site, http://www.brc.it/ .

This press release may include statements, expectations and assumptions which are considered forward-looking statements. Such forward-looking statements include, but are not limited to, the company""s expectations regarding revenues and earnings in future periods. Such statements are subject to a number of risks and uncertainties, and actual results could differ materially from those discussed in any forward-looking statement. Reference should also be made to the risk factors set forth from time to time in the Company""s SEC reports, including but not limited to those contained in the section entitled "Risk Factors" in its Transition Report on Form 10-K for the period ended December 31, 2002.

For further information, please contact: Mr. Dale Rasmussen, Investor Relations
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