Clean Diesel Technologies Inc. fell deeper into the red last quarter as it continues to invest in systems to help engine makers meet 2002 emissions regulations. The company lost $2.4 million in the third quarter and has lost $3.8 million year-to-date.
The company says it is making the transition from research and development to commercialization of both its patented ARIS 2000 NOx reduction technology and its Platinum Plus bimetallic diesel fuel combustion catalyst.
This year, the company has sold seven ARIS 2000 advanced reagent injection systems to an engine manufacturer and a catalyst company for durability testing. It has also signed a letter of intent to license Ridgefield, CN-based RJM Corp. to manufacture and sell CDT's ARIS
2000 NOx control system for all stationary, marine and locomotive applications in North, Central and South America.
CDT and RJM have also agreed to cooperate on project and program engineering tasks to support potential mobile demonstration programs. CDT has retained all rights to on-highway and off-road mobile applications.
Several heavy-duty trucks fitted with prototypes of the company's mobile ARIS 2000 system and an advanced SCR catalyst and particulate filter have shown an 85% NOx reduction and 90% particulate reduction, the company claims. CDT intends to offer the mobile ARIS system for license to engine, catalyst or tier 1 component suppliers.
Testing of the Platinum Plus diesel fuel combustion catalyst has shown fuel economy improvements of up to 6% in two separate 60-day commercial field trials involving more than 50 heavy-duty trucks, the company says.
CDT is in negotiations with several additive marketers and fuel suppliers to establish a co-exclusive nationwide sales and distribution network to market Platinum Plus.
The company hopes to launch the bimetallic product in early 2000 as a blended product for fleets and as a component of a super premium diesel fuel offered by fuel suppliers.
The bimetallic fuel-borne catalyst has been extensively tested with various filters and dramatically lowers the temperature required to oxidize the soot. It is more active at soot oxidation than other products such as iron or cerium alone and hence it can be used at much lower levels of metal, which causes less ash to build up in the filter, thus extending the life of the filter and reducing backpressure on the engine, CDT claims.
The company plans to apply for certification of its bimetallic under the EPA's recently announced voluntary diesel retrofit program, which gives states credit in their attainment plans for application of certified diesel emissions control technologies. Testing by the company to support such certification is scheduled for early 2000 in conjunction with several oxidizer and filter manufacturer companies.