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CDTi and Pirelli & C. Ambiente SpA Agree to Dissolve Joint Venture



CDTi and Pirelli & C. Ambiente SpA Agree to Dissolve Joint Venture

VENTURA, Calif., Nov. 12, 2013 (GLOBE NEWSWIRE) -- Clean Diesel Technologies,
Inc. (Nasdaq:CDTI) ("CDTi" or the "Company"), a leader in advanced emissions
control solutions, announced today that it has agreed with Pirelli & C.
Ambiente SpA ("Pirelli") to voluntarily dissolve their joint venture, Eco
Emission Enterprise Srl ("E CUBE"), in accordance with their Joint Venture
Agreement dated February 19, 2013. E-Cube was established as a joint venture
to market and sell emissions control products for both gasoline and diesel
applications in Europe and the CIS countries. The dissolution of E-Cube is
expected to be completed as soon as practicable and CDTi plans to resume its
operations in Europe in a similar manner as conducted prior to the joint
venture.

"The decision by Pirelli and CDTi to dissolve the joint venture was driven by
the slower than anticipated progress in achieving the sales objectives that
were initially established. In addition, we recently undertook a review of our
business investments and activities and made the decision to focus resources
outside of the joint venture," said Craig Breese, President and Chief
Executive Officer of CDTi.  "I would like to express my appreciation for the
efforts put forth by the CDTi, Pirelli and E-Cube teams. The spirit and
objectives for the joint venture have been extremely professional,
well-intentioned and accompanied by an enormous amount of both hard work and
goodwill. Pirelli is a valued supplier to CDTi and we look forward to our
continued relationship."

About CDTi

CDTi is a vertically integrated global manufacturer and distributor of
emissions control systems and products, focused on the heavy duty diesel and
light duty vehicle markets. CDTi utilizes its proprietary patented Mixed Phase
Catalyst (MPC®) technology, as well as its ARIS® selective catalytic
reduction, Platinum Plus® fuel-borne catalyst, and other technologies to
provide high-value sustainable solutions to reduce emissions, increase energy
efficiency and lower the carbon intensity of on- and off-road engine
applications. CDTi is headquartered in Ventura, California and currently has
operations in the U.S., Canada, France, Japan and Sweden. For more
information, please visit www.cdti.com.

Forward-Looking Statements Safe Harbor

Certain information contained in this press release constitutes
forward-looking statements for purposes of the safe harbor provisions of The
Private Securities Litigation Reform Act of 1995. Any statements contained
herein that are not statements of historical fact should be considered
forward-looking statements. You can identify these forward-looking statements
by the use of words such as "believe(s)", "expect(s)", "anticipate(s)",
"plan(s)", "may", "will", "would", "intend(s)", "estimate(s)" or similar
expressions, as well as other words or expressions referencing future events,
conditions or circumstances, whether in the negative or affirmative. Examples
of forward-looking statements contained in this press release include, among
others, statements regarding the expected timing for the dissolution of
E-Cube, the Company's plans to resume operations in Europe, and the Company's
continued relationship with Pirelli. Forward-looking statements are based on a
series of expectations, assumptions, estimates and projections which involve
substantial uncertainty and risk. In general, actual results may differ
materially from those indicated by such forward-looking statements as a result
of risks and uncertainties, including but not limited to the unforeseen
difficulties encountered in dissolving the joint venture or resuming
operations in Europe in a similar manner as conducted prior to the joint
venture, disruptions in the Company's relationship with Pirelli, and other
risks and uncertainties discussed or referenced in the Company's filings with
the Securities and Exchange Commission. In addition, any forward-looking
statements represent the Company's estimates only as of the date such
statements and should not be relied upon as representing the Company's
estimates as of any subsequent date. The Company specifically disclaims any
obligation to update forward-looking statements. All forward-looking
statements in this press release are qualified in their entirety by this
cautionary statement.

CONTACT: Kevin M. McGrath
         Cameron Associates, Inc.
         Tel:  +1 (212) 245-4577

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