CDTi Advanced Materials Inc - CDTI stock

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OTC Symbol: CDTI | OTC Tier: Pink Limited

About CDTi Advanced Materials[edit]

CDTi Advanced Materials, formerly known as Clean Diesel Technologies Inc., is a company that specializes in advanced materials technology focused on emissions control systems. The company develops and manufactures catalyst formulations and materials that help reduce harmful emissions from internal combustion engines, with a focus on on the development of catalysts for automotive and industrial applications. Their catalysts are designed to enhance the performance and efficiency of emissions control systems, helping to reduce pollutants such as nitrogen oxides (NOx), carbon monoxide (CO), and particulate matter (PM). The company's products include catalysts for diesel engines, gasoline engines, and industrial applications. These catalysts are used in various sectors, including automotive, heavy-duty vehicles, power generation, and marine applications. CDTi Advanced Materials' technologies aim to meet stringent emissions regulations and improve air quality. In addition to catalysts, CDTi Advanced Materials also provides technical services, including catalyst characterization, testing, and consulting, to support their customers in achieving compliance with emissions regulations.[1]

Annual Updates[edit]

CDTi does not issue press releases, and instead releases annual financial and operations updates.

2022 Year End Report[edit]

  • Created and officially registered fuel additive products that improve gasoline octane and enhance the performance of on-road diesel, in collaboration with the U.S. Environmental Protection Agency (EPA).
  • Increased its production capacity for FBC (Fuel Borne Catalyst) and expanded its research and development testing capabilities at its headquarters in Oxnard, California.
  • Received a subsequent order for a new product line of emission systems specifically designed for the power generation market.
  • Significant progress has been made in the development of pre-production catalyst engineering and coating for hydrogen production and carbon capture projects in partnership with a major oil and gas producer, achieving important milestones.
  • Initiated coating technology development activities for a methane oxidation catalyst in cooperation with a global energy company.[2]

2021 Year End Report[edit]

  • Introduced a fresh product line for the power generation market, focusing on emission systems, and has successfully obtained an important initial customer order.
  • Initiated the production of fuel borne catalyst (FBC) at its facility in Oxnard and has expanded its product line to cater to oil, gas, and mining applications in North America. This expansion has created an additional source of revenue for the company.
  • Started exploring potential partnerships with commercial entities to utilize their catalyst technology, which is free of precious metals (PGM-free) and carbon-free, in applications related to hydrogen production and energy storage.
  • Commenced catalyst pre-production activities for an initial pilot-scale hydrogen production project in collaboration with a major oil and gas producer.[3]

2020 Year End Report[edit]

  • Granted a license to a catalyst manufacturer on a global scale, enabling them to utilize CDTi's SCR (Selective Catalytic Reduction) technology.
  • Licensed the production and distribution of CDTi's SPGM® (Strategic Precious Metals) technology to a Chinese manufacturer specializing in advanced materials.
  • Successfully completed a proof of concept, demonstrating the feasibility of their Spinel® technology in battery and fuel cell applications.
  • Initiated a catalyst development project with a major oil and gas company, with the objective of supporting a hydrogen production initiative.[4]

Financial Performance[edit]

Financial performance for CDTI[5]

Year Ending Revenue Net Income Cash
12/31/2022 $9,744,000 $115,000 $1,304,000
12/31/2021 $6,371,000 ($389,000) $1,460,000
12/31/2020 $4,993,000 ($1,030,000) $1,823,000
12/31/2019 $8,779,000 $380,000 $2,202,000

The page is authored by: Wisdom Tree, Caesar