Clean Diesel Technologies Inc. (CDT) has signed a definitive license agreement with Combustion Component Associates Inc. (CCA) for CDT's ARIS(R) urea selective catalytic reduction technology. The technology is designed to reduce nitrogen oxide emissions by up to 90% from heavy-duty diesel vehicles. Under the license agreement, CCA will pay CDT $150,000 for the license along with running royalties on systems sold, and will commit an additional $100,000 towards development and EPA and California Air Resources Board verification programs for the mobile system. The non-exclusive license covers application of the technology to existing on-highway and off-road mobile engines as well as portable diesel engines in the U.S. and Canada.
Clean Diesel signs NOx reduction agreement
The technology is designed to reduce nitrogen oxide emissions by up to 90% from heavy-duty diesel vehicles.
May 7, 2003
1 min to read
Topics:Management
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