Emission & Power Solutions Signs Letter of Intent to Merge With Suter Technology Group

LONDON, Aug. 9 /PRNewswire/ -- Emission & Power Solutions, Plc ("EPS") (Ticker: EPI.F, Bloomberg ticker: EPI:GR) announced today that it signed a Letter of Intent to merge with Suter Technology Group AG (SUTEC) of Switzerland.  Under the terms of the agreement, EPS will merge with SUTEC and its three subsidiaries: HybroTech, SeoTech, and Suter Aircraft.  EPS will acquire and merge with the SUTEC-owned companies and combine its technologies, intellectual properties, and research and manufacturing facilities.  SUTEC's engineering team will assist EPS in manufacturing and further development of its existing product line.

The planned merger will strengthen the position of both companies in Europe by increasing the complementary product portfolio and centralizing research and development.  By manufacturing products at SUTEC's facilities, EPS anticipates reducing its production costs significantly.  The European operations of the new entity will be based in Turbenthal, Switzerland and SUTEC's managers will join the combined global management team.  The companies anticipate closing of the merger in October 2010.

About Suter Technology Group:

SUTEC AG is a Swiss holding company with three subsidiaries: HybroTech, SeoTech, and Suter Aircraft Technology.  The company group operates in different fields of technologies and shares scientific research and development departments in combination with in-house production facilities based in Switzerland. The network is build around Suter Racing Technology AG which is specialized in project engineering, developing and manufacturing of high-tech concepts for industrial applications as well as the International Motor sport.

For more information about SUTEC please visit http://www.suterracing.com.

About EPS:

EPS is a "clean tech" company that licenses, acquires, develops, deploys, and transfers technologies dedicated to improving fuel economy while also reducing environmentally harmful exhaust emissions.   EPS is a publicly listed company that trades on the Frankfurt Exchange and the Xetra platform under symbol EPI.

This news release may contain "forward-looking statements" about the business, financial performance and prospects of the Company. Statements about the Company's or management's plans, intentions, expectations, beliefs, estimates, predictions, or similar expressions for the future, including any statements regarding the payment of any dividend or capital reduction or the timing and amount of such payment, are forward-looking statements.  No assurance can be given that the outcomes of these forward-looking statements will be realized, and actual results could differ materially from those expressed as a result of various factors. A discussion of these factors, including risks and uncertainties, is set forth from time to time in the Company's filings.

For more information about EPS please visit www.epsaves.com or please contact:

SOURCE Emission & Power Solutions, Plc

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