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Fuel Systems Solutions Signs Distribution Agreement With Cummins Crosspoint PDF Print E-mail

Wed Aug 11, 2010 6:55am EDT

 

Fuel Systems Solutions, Inc.'s (Nasdaq:FSYS) subsidiary, IMPCO(R) Ecotrans,
signed a two-phase full service distribution agreement with Indianapolis-based
Cummins Crosspoint for IMPCO Ecotrans manufactured auxiliary power units (APU)
supply to the rail industry. The initial phase covers the five states of
Indiana, Illinois, Kentucky, Tennessee and West Virginia and paves the road for
nationwide rollout distribution using the Cummins Crosspoint dealer network in a
second phase.

IMPCO Ecotrans Technologies manufactures the PR30, PR35 and PR40 series
locomotive idle reduction units for North American and European markets. Cummins
Crosspoint will provide distribution, installation, training and field technical
support services for IMPCO's rail APUs.

"We entered this agreement to support increasing sales potential for our idle
reduction equipment to the North American rail industry," said Matthew Beale,
President, CFO and Secretary. "IMPCO Ecotrans' superior APU technology shuts
down the locomotive engine while maintaining locomotive operating systems when
the locomotive is in shutdown mode, thereby generating significant fuel and
emissions savings."

"This strategic partnership between our two organizations enables us to focus on
leveraging our manufacturing capabilities," said Brian Chipman, Managing
Director for IMPCO Ecotrans Technologies. "Cummins Crosspoint and its solid
network of 18 service and distribution locations is perfectly fitted to provide
key regional customers with accelerated on-site technical support to minimize
locomotive downtime."

"Cummins Crosspoint has been on the leading edge of Auxiliary Power Unit
innovation and distribution for the last 10 years. Our wide ranging customer
relationships, knowledge of federal and local grants and trained technicians
made for a logical partnership with IMPCO's locomotive APU products. We look
forward to providing world class support for existing products as well as
developing a new and larger customer base," stated John Smitson, VP and General
Manager for Cummins Crosspoint.

IMPCO(R) Ecotrans, a division of IMPCO Technologies, is based in Ontario-Canada
providing turn-key solutions for mobile equipment and stationary engines,
including industrial forklifts, sweepers, auxiliary power units/generators, and
construction equipment and is dedicated to a better world through cleaner air.

About Cummins Crosspoint

Cummins Crosspoint, LLC is a full service genuine Cummins(R) distributor and one
of the largest in the global Cummins, Inc. (NYSE:CMI) distribution network.
Cummins Crosspoint distributes and services engines and related technologies,
including fuel systems, controls, air handling, filtration, emission solutions
and electrical power generation systems. Cummins Crosspoint also distributes and
services Carrier Transicold(TM) refrigeration and Yanmar(R) engine products
along with Variable Torque Motors(R) hybrid solutions. Headquartered in
Indianapolis, Indiana (USA) Cummins Crosspoint serves customers in Indiana,
Illinois, Kentucky, Tennessee and West Virginia through a network of 18 service
and distribution locations with over 500 dedicated and skilled factory certified
technicians, experienced parts support personnel, and application specialists.
Cummins Crosspoint - the intersection of solutions and service. (TM)   Web at
www.crosspoint.cummins.com

Forward-Looking Statements

This press release contains certain forward-looking statements that involve
risks and uncertainties, including, without limitation, expressed or implied
statements concerning the company's outlook for 2010, as well as its position in
the market place, the success of products and the success and integration of
recent acquisitions. Such statements represent only our opinions and
predictions. The Company's actual results may differ materially. Factors that
may cause the Company's results to differ include, but are not limited to, risks
that we cannot integrate the acquired assets into our business promptly and
efficiently, that the patents or certifications acquired are insufficient or not
useable by us, that expected sales do not materialize, that changes in emissions
regulations may not significantly increase demand for the Company's products,
the global economic downturn may reduce customers' demand for new automobiles
and/or our products, original equipment automobile manufacturers do not adopt
the Company's fuel systems as expected, that expected sales not based on
long-term contracts will materialize, that changes in emissions regulations will
not significantly impact demand for the Company's products, that reduction in
oil prices will reduce the demand for our products and that currency
fluctuations will reduce our revenue or financial condition. Readers also should
consider the risk factors set forth in the Company's reports filed with the
Securities and Exchange Commission, including, but not limited to, those
contained in the "Risk Factors" section of the Company's Annual Report on Form
10-K, for the year ended December 31, 2009. The Company does not undertake to
update or revise any of its forward-looking statements or guidance even if
experience or future changes show that the indicated results or events will not
be realized.

About Fuel Systems Solutions

Fuel Systems Solutions (Nasdaq:FSYS) is a leading designer, manufacturer and
supplier of proven, cost-effective alternative fuel components and systems for
use in transportation and industrial applications. Fuel Systems' components and
systems control the pressure and flow of gaseous alternative fuels, such as
propane and natural gas, used in internal combustion engines. These components
and systems feature the company's advanced fuel system technologies, which
improve efficiency, enhance power output and reduce emissions by electronically
sensing and regulating the proper proportion of fuel and air required by the
internal combustion engine. In addition to the components and systems, the
company provides engineering and systems integration services to address unique
customer requirements for performance, durability and configuration. The company
is composed of two operating subsidiaries: IMPCO Technologies and BRC. IMPCO
Technologies is a leader in the heavy duty, industrial, power generation and
stationary engines sectors. BRC is a leader in the light duty and automobile
alternative fuel sectors and has established alliances with several major
automobile manufacturers for OEM projects. Additional information is available
at www.fuelsystemssolutions.com.

CONTACT:  Company Contact:
          Matthew Beale, President, CFO, & Secretary
          Fuel Systems Solutions, Inc.
          (646) 502-7170 
 
          Investor Relations Contacts:
          Lippert / Heilshorn & Associates
          Carolyn M. Capaccio
          
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          Cathy Mattison
          
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          (415) 433-3777