SANTA ANA, Calif., July 31, 2006 (PRIMEZONE) -- IMPCO Technologies, Inc. (Nasdaq:IMCO) today announced the company is scheduled to make a presentation at the Canaccord Adams Summer Seminar in Boston at the Marriott Long Wharf Hotel on Tuesday, August 8, 2006, at 3:30 p.m. Eastern Time. Mariano Costamagna, president and chief executive officer, and Brad Garner, chief operating officer, will review industry trends, as well as the company's business and growth opportunities. A live web cast of the presentation will be available through the company's website.
The company also said it expects to file its Form 10-Q for the second quarter ended June 30, 2006, with the Securities and Exchange Commission in the afternoon on Wednesday, August 9, and issue a news release prior to the open of market on Thursday, August 10. In addition, IMPCO said it will no longer host quarterly conference calls, but will conduct an annual conference call in conjunction with the release of its year-end results. Management emphasized that it is committed to pro-active communications with the investment community, and anticipates providing an increased level of information on corporate developments and performance guidance via press releases, investment community presentations and related activities.
"Management is completely focused on enhancing the company's leadership position in the alternative fuels sector -- specifically systems and components utilizing gaseous fuels within the industrial and transportation markets. While we appreciate the growing interest in the company among investment community professionals, the ever-increasing preparation time associated with conducting quarterly conference calls has become counterproductive to management's focus on revenue and earnings growth," said Mariano Costamagna.
The company's annual meeting is scheduled for August 23 and shareholders are being asked to vote on a corporate reorganization and a proposed name change to Fuel Systems Solutions, Inc., among other matters.
About IMPCO Technologies
IMPCO designs, manufactures, markets and supplies advanced product and systems that enable internal combustion engines to run on clean burning gaseous fuels such as natural gas, propane and biogas. IMPCO is a leader in the heavy duty, industrial, power generation and stationary engines sectors. Headquartered in Santa Ana, California, IMPCO has offices throughout Asia, Europe, Australia and North America. Additional information is available at www.impco.ws.
About BRC Gas Equipment
BRC produces a complete range of systems for converting vehicles to gaseous fuel to meet market requirements. 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. Headquartered in Cherasco, Italy, BRC has offices throughout Asia, Europe and South America. Additional information is available at BRC's web site, http://www.brc.it.
Some matters discussed in this press release are forward-looking statements that involve risks and uncertainties. Actual results could differ materially from those discussed in any forward-looking statement. Those forward looking statements include statements relating to IMPCO's ability to leverage its leadership position within the alternative fuels sector; achieving revenue and earnings growth; the expected broad economic, political, and environmental initiatives supporting alternative fuel products on a global basis; and, related visibility concerning the opportunities available to IMPCO and its ability to provide increased levels of information on corporate developments and performance guidance in press releases, presentations and related investor relations activities. The factors that could cause or contribute to such differences between expected future results and actual results include, but are not limited to, prevailing market and global economic conditions; changes in environmental regulations that impact the demand for the company's products; the company's ability to manage its leverage and address operating covenant restrictions relating to its indebtedness; the company's ability to negotiate and comply with waivers pertaining to existing loan covenant defaults; the company's ability to design and market advanced fuel metering, fuel storage and electronic control products; the company's ability to meet OEM specifications; and the level and success of the company's development programs with OEMs. 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 "Management's Discussion & Analysis of Financial Condition and Results of Operation -- Risk Factors" section of the company's Annual Report on Form 10-K, for the year ended December 31, 2005. The company does not undertake to update or revise any of its forward-looking statements even if experience or future changes show that the indicated results or events will not be realized.