SOURCE: Clean Power Technologies Inc.

September 25, 2007 09:30 ET

Clean Power Technologies Boosts Advisory Board With Two New Appointments

CALGARY, AB--(Marketwire - September 25, 2007) - Clean Power Technologies Inc. (OTCBB: CPWE) (XETRA: C1L), developer of a unique heat recovery and hybrid power system to reduce vehicle emissions, is pleased to announce the appointments of Sir Christopher Althorp-Gormlay and Mr. Jim Mason, to the Company's Advisory Board, effective immediately.


Sir Christopher is a private equity specialist and is heavily experienced in merger and acquisition transactions, spanning a long career in investment banking and venture capital. He is a partner at SKG Equity Partners, a boutique investment bank, as well as a Non-Executive Director and principal investor to numerous private companies.

Sir Christopher focuses on the corporate finance requirements of corporations, advising on both capital and equity markets, as well as IPO and cross-border listings. He started his career as a management consultant and has advised on numerous transactions within the engineering sector. He is also a fellow of the Royal Society for the Encouragement of Arts, Manufacturers and Commerce, and is a patron member of the Genesis Initiative -- the lobbyist and support group for small business.

Abdul Mitha, President and CEO of Clean Power, said: "Sir Christopher is a wonderful addition to the Clean Power team. His knowledge of the international financial community, specifically of London-based institutions, is vast and I very much look forward to working with him as we move towards commercialising our unique heat recovery and hybrid power system. Sir Christopher's acknowledged leadership will provide Clean Power with valuable advice and counsel and his financial expertise will, no doubt, enhance our in-house financial team."


Mr. Jim Mason is a career automotive engineer and strategic consultant, initially trained by General Motors. After an early career in programme management with GM Vauxhall and Leyland Trucks, Jim joined ENASA Pegaso, the Spanish national truck and bus maker, as Technical Director responsible for Advanced Technology, Product Planning and Engineering. Based in Madrid, he was intimately involved in acquisitions, such as UK truck-maker Seddon-Atkinson , and the process of privatising the Company -- which culminated in its acquisition by Iveco (Fiat Commercial Group) in 1990.

Jim returned to the UK, running his own engineering consultancy, until joining Daewoo in 1995 to head up their strategic initiative aimed at establishing a credible design and engineering centre in Europe. Since retiring from full-time employment in 2003 he has continued acting as a consultant to auto-engineering companies and to private equity businesses requiring technical due diligence for proposed acquisitions. Jim is also a Chartered Engineer (CEng.), a Fellow of the Institution of Mechanical Engineers (FIMechE), and a Member of the Society of Automotive Engineers (MSAE).

Abdul Mitha, President and CEO of Clean Power, said: "Jim is highly experienced in the strategic management of engineering programmes and his knowledge and skills will be immeasurably valuable in our commercialisation process. Jim has a vast in-house understanding of how some of the world's largest vehicle manufactures work which will help us considerably as we grow."

"These strong appointments to our Advisory Board will significantly complement the knowledge and skills of our formal Board," added Mr Mitha. "This important group of advisors will make important recommendations, whilst providing crucial information and guidance for our comparatively new business. Their collective wealth of knowledge and expertise will give Clean Power an invaluable base to grow from strength to strength."

About Clean Power Technologies Inc.

Clean Power Technologies is committed to developing hybrid power technology and alternative fuel for a range of vehicles, including locomotives, heavy trucks and light cars. The Company's proprietary technology significantly reduces pollution through its Clean Energy Storage and Recovery (CESAR) system, which takes otherwise wasted heat from the exhaust of a conventional combustion engine and modifies it through a heat recovery system to generate clean power for the vehicle.

The Company boasts a highly experienced engineering team, whose vision and technical capabilities are driving the development and implementation of this unique hybrid power technology.

Clean Power Technologies operates out of its development facility in East Sussex. In 2006, testing began on a Mazda RX8 engine with testing on a second identical engine commencing later that year. Results to date have been very positive, and it is anticipated that, by the end of 2008, following the successful completion of these tests, the Company's steam accumulator will be fitted into a Mazda RX8 and will be road-tested. In June 2007 testing also began on a Caterpillar C15 diesel engine for ultimate applications within the industrial vehicle and truck industries. Recently Clean Power acquired new premises to increase its available facility space eight-fold which will enable Clean Power to expedite its progress even further.

The Company listed on XETRA on the Frankfurt Stock Exchange in October 2006, and is also traded on the OTC BB in the US. Clean Power Technologies has a market capitalisation of US$52 million.

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