July 5, 2000
TURBODYNE REPORTS ON CORPORATE PROGRESS IN H1/Q2 2000
Carpinteria, CA—July 5, 2000 —Turbodyne Technologies Inc. (EASDAQ:TRBD) has continued to focus its main resources
on the joint development of Dynachargers™ and Turbopacs™ for automobile mass production, together with the Garrett®
Engine Boosting Systems Division of Honeywell. The joint development work is governed by the Joint Development and
Licensing Agreements signed in 1999 with Honeywell’s Garrett® Engine Boosting Systems Division (previously AlliedSignal
Turbocharging Systems). These agreements are described in detail in, and filed as exhibits to, the Company’s filing of its
Annual Report on Form 10-K with the SEC and the Market Authority of EASDAQ, available as public documents through the
As a result of this ongoing joint development work, Dynacharger™ prototypes have been delivered to five automobile
manufacturers by the end of the first half of 2000. The prototypes are being tested and evaluated by these automobile
manufacturers for possible application on a total of seven different engine families, including diesel as well as gasoline engines.
This number includes Dynacharger™ prototypes delivered to two automobile manufacturers for three engine families in 1999.
Turbodyne has continued to implement its business strategy, as outlined in the Company’s Annual Report on Form 10-K. That
strategy includes shifting the business target from aftermarket to becoming a mass production supplier to the automobile
Turbodyne Technologies Inc., a California based high technology company, specializes in the development of charging
technology for internal combustion engines plus the development and manufacturing of high-tech assemblies for electrically
assisted turbochargers and superchargers. Turbodyne Technologies Inc.’s headquarters is located in Carpinteria, CA; the
European business location is Frankfurt, Germany.