| Turbodyne Technologies, Inc. Announces The Appointment Of Anthony Barclae As a Director |
|
Ventura, Ca. Turbodyne Technologies, Inc. (TRBD-OTCBB) today announced the election of Anthony Barclae to its board of directors. Mr. Barclae began his career in the automotive industry in 1948 at Ford Motor Company where he was responsible for purchasing over $1 Billion a year in auto parts at the time. In 1955 he joined Maremont Corp, an auto parts manufacturer as Vice President of OEM Sales where he helped grow the OEM sales division from $10 million to $60 million. In 1964 Mr. Barclae founded Falcon Industries, Inc., an auto parts manufacturing concern based in Troy, MI. which he grew to $80 Million in sales before selling a majority of the company and retiring in 1993. Since 1993 Mr. Barclae has been an independent consultant in the automotive parts and components industry.
“I am pleased to join the board of Turbodyne Technologies, Inc. I
believe that the company possesses key technology that will enable
major changes to take place in the area of internal combustion engine
propulsion and emissions reduction. As new smaller displacement engines
and hybrid technology become the focus of commercial production,
independently controlled air induction on demand will become a key
factor necessary to achieve and exceed the current levels of output of
larger displacement engines. I am excited to help guide the company’s
efforts”.
“We are excited to have Mr Barclae
join our board. We believe Mr Barclae’s experience and influence in the
automotive industry will serve as a valuable asset in our endeavor to
build the company.”
About Turbodyne Technologies, Inc.
Turbodyne
Technologies, Inc. (TRBD.OB) is a California-based developer of
patented electrically powered air movement and propulsion components
that are engineered to promote lower fuel consumption and address
higher emission standards for hybrid, gas and diesel internal
combustion engines.
Their patented
TurboPacTM design reduces diesel pollution, eliminates turbo-lag in gas
and diesel engines and increases fuel economy through both engine
downsizing for hybrid, gas and diesel applications as well as low-rpm
fuel burn optimization for diesel trucks and busses.
The
TurboFlow™ design provides computer-controlled, variable high pressure,
high volume air movement in a small, lightweight, low power package for
a variety of applications from inflatable boat inflation and HVAC air
movement to forced air induction for internal combustion engines.
Contact:
Albert F. Case Jr.
805-201-3133
The
information in this release contains forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933, as amended,
and Section 21E of the Securities Exchange Act of 1934, as amended.
These forward-looking statements involve risks and uncertainties,
including statements regarding the Company's capital needs, business
strategy and expectations. Any statements contained herein that are not
statements of historical facts may be deemed to be forward-looking
statements. In some cases, you can identify forward-looking statements
by terminology such as "may", "will", "should", "expect", "plan",
"intend", "anticipate", "believe", "estimate", "predict", "potential"
or "continue", the negative of such terms or other comparable
terminology. Actual events or results may differ materially. In
evaluating these statements, you should consider various factors,
including the risks outlined in the Risk Factors in other reports the
Company files with the SEC. These factors may cause the Company's
actual results to differ materially from any forward-looking statement.
The Company disclaims any obligation to publicly update these
statements, or disclose any difference between its actual results and
those reflected in these statements. The information constitutes
forward-looking statements within the meaning of the Private Securities
Litigation Reform Act of 1995.
|