Submitted by: IMPCO Technologies, Inc.
Posted: Mar 10, 2002 – 11:00 PM EST
IMPCO Technologies, Inc. (Nasdaq: IMCO) today announced that the company has signed Husker Power Products, Inc., located in Nebraska, as its newest engine system distributor.
Mr. Roger Burrows, Director of Sales for the Engine Systems Division, said, "Husker Power Products, Inc. is a first-rate organization focusing on irrigation, industrial power generation products for the Nebraska region. All of us at the Engine Systems Division welcome Jon Vandeventer to our team and are proud to be associated with an excellent company such as Husker. They are a fundamental factor in our strategy to supply the quickly increasing irrigation power requirements to the marketplace with exceptional engine systems and powertrain packages.
"The need for reliable irrigation units is widespread and growing; particularly in rural farm areas of our country where weather conditions can become very severe and unpredictable, and where the grid network may not be well established enough to supply adequate electrical power for irrigation pumps. Industrialized nations, including North America, are seeing tremendous
demand for reciprocating engine based non-utility power for irrigation, and in particular with native fuels such as natural gas and propane which are lower in cost than gasoline or diesel and in great abundance. In addition, our fuel systems have been custom designed for irrigation applications, offering both propane and natural gas combinations for low emission continuous use," added Mr. Burrows.
Mr. Roger Burrows
Husker Power Products, Inc.
Mr. Jon Vandeventer, President
IMPCO is the leading source of advanced alternative fuel systems technology for internal combustion engines in the industrial, power generation and transportation markets. Headquartered in Cerritos, California, IMPCO has offices in Australia, Europe, India, Japan, Mexico and North America. IMPCO owns 100% of Quantum Technologies, Inc., who filed with the SEC yesterday to spin off its operations. After the spin off, General Motors will have a 20% equity ownership in Quantum.
Certain matters discussed in this press release contain forward-looking information that involves risks and uncertainties that could cause actual results to differ materially from current trends. These include, among other things, the growth of the alternative fuels markets, the Company's ability to design and market viable advanced fuel metering or electronic control products 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.