Clean Diesel Technologies, Inc.'s Innovative Low Precious Metal Catalysts Featured on North American Version of the All-New 2013 Accord
Clean Diesel Technologies (NASDAQ: CDTI), a cleantech emissions control company, is pleased to announce that Honda (NYSE: HMC) will begin selling its all-new 2013 four- and six-cylinder Accord models incorporating the Company's latest catalyst offerings on September 19, 2012. CDTi is supplying Honda with a palladium-only ("Pd-only") catalyst that significantly reduces precious metal content and reduces the use of Rhodium by 50%.
In a press release issued by Honda Motor Co., Ltd., on September 6, titled, "Honda Develops New Catalyst to Significantly Reduce Use of Precious Metals - 50% Reduction in Use of Rhodium," Honda stated, "The adoption of this new catalyst will reduce overall use of precious metals by 22% (including a 50% reduction in rhodium) compared to the current model of Accord. Moreover, the development of the new catalyst has reduced the cost by 37% while complying with the California state standards in SULEV category of the LEV II regulation, which is one of the strictest emissions regulations in the world." The entire press release issued by Honda may be found at:
CDTi's Catalyst Division began delivering catalysts to Honda in 2001 — offering a unique combination of high