Clean Diesel rises, licenses technology in China
Shares of Clean Diesel Technologies, Inc. (Nasdaq:CDTI) are revving up on news before the opening that it has licensed one of its products to Headway Machinery Co., Ltd., the largest diesel engine exhaust firm in China. The Stamford, Conn.-based emissions reduction company will receive an upfront licensing fee and royalties on all units of its wire mesh filter sold in China.
Headway will develop the technology to provide particulate matter emission reduction solutions to China-based truck manufacturers.
At 10:53 a.m. ET, the stock had added $1.49, or 12%, to $13.99. For detailed price information and recent news stories about Clean Diesel Technologies, click CDTI.
