Fuel Systems Solutions Granted Ship to Commerce Decision from GM

Fuel Systems Solutions Granted Ship to Commerce Decision from GM

  - Records Revenue in 2012 from Bi-fuel Pickup Trucks Shipped in December -
                      - Reaffirms 2012 Revenue Outlook -
- GM Expands CNG Cargo Van Contract to Include Extended Wheel Base Lengths in
                                    2013 -

NEW YORK, Jan. 22, 2013 (GLOBE NEWSWIRE) -- Fuel Systems Solutions, Inc.
(Nasdaq:FSYS) received in late December a Ship to Commerce (STC) decision from
GM to begin deliveries of bi-fuel pickup trucks converted in its Union City,
Indiana OEM conversion center using Fuel Systems' natural gas components. GM's
Fleet and Commercial department forwards the bi-fuel pickups to its dealer
network according to orders status.

Mariano Costamagna, Fuel Systems' CEO, said, "Obtaining GM's decision to
release the vehicles required the completion of an extensive development,
testing, validation and approval process. We are proud of this accomplishment,
which marks the commercial launch of bi-fuel pickups manufactured through our
program with GM. The availability of a fully integrated OEM CNG bi-fuel
solution is a market milestone establishing Fuel Systems as a technology
leader in the fast evolving North American alternative fuels market, providing
fleet customers with a pickup option that meets rigorous performance

Fuel Systems recorded revenue from the deliveries in 2012. Given this and
results from major markets served, the company reaffirms its outlook for full
year 2012 revenue within its previously announced outlook range. The company
will present its full financial results when it reports the 2012 fourth
quarter in March.

Additionally, Fuel Systems has received from GM a new 2013 contract that
expands the CNG product offering for this year to include both the regular
(135-inch / 3,429-mm) and extended (155-inch / 3,937-mm) wheelbase lengths for
the Express and Savana Cargo Vans.

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 2012, as well as its position
in the market place, the success of products and the success and integration
of recent acquisitions and organizational changes. 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 a further slowing of economic activity, our ability to
integrate recently acquired businesses and to realize the expected synergies;
our ability to reduce our cost structure and expenses as anticipated; the
unpredictable nature of the developing alternative fuel US automotive market;
unanticipated economic uncertainties caused by political instability in
certain of the local markets we do business in; the growth of non-gaseous
alternative fuel products and other new technologies; currency rate
fluctuations and devaluations; our ability to promptly realign costs with
current market conditions; unanticipated litigations; potential changes in tax
policies and government incentives and their effect on the economic benefits
of our products to consumers; the continued weakness in financial and credit
markets and the economy; and the repeal or implementation of government
regulations relating to reducing vehicle emissions. 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, 2011. The Company does not undertake to
update or revise any of its forward-looking statements.

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.Additional information is available at

Investor Relations Contacts:
Carolyn M. Capaccio
Cathy Mattison
cmattison@lhai.com(415) 433-3777

company logo
Press spacebar to pause and continue. Press esc to stop.