Clean Diesel, Tenneco in licensing deal

Stamford, Conn.-based Clean Diesel Technologies (OTC: CLDS) said today it licensed its emission control systems to Lake Forest, Ill.. auto parts maker Tenneco (NYSE: TEN).

Financial terms were not disclosed, but Clean Diesel said it would receive upfront fees and per-unit royalties under the agreements.

"This agreement is another indication that Clean Diesel's patented technology is gaining steady traction in the global marketplace. We will continue to offer highly synergistic licensing opportunities with innovative industry leaders such as Tenneco," said Bernhard Steiner, president and CEO of Clean Diesel.

The license agreements cover mobile applications for Clean Diesel's Aris airless reagent injection system and technology, which controls nitrogen oxide emissions through selective catalytic reduction.

Clean Diesel said the licenses also include applications for hydrocarbon injection for lean NOx traps and for other NOx adsorbers and catalysts, as well as for diesel particulate filter regeneration.

"As the world looks to apply new solutions that will control oxides of nitrogen, particulate matter and carbon dioxide emissions, while also reducing fossil fuel consumption, it will be the wide scale deployment and adoption of patented platform technologies like ours that will make a real impact," said Steiner.

The company said Tenneco is licensed to work with original equipment manufacturers and to serve as the tier one supplier and systems integrator for emissions solutions, combining Tenneco's products and technologies with Aris.

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