CDTi Appoints Tracy Kern As Chief Financial Officer
Kern has more than 15 years of experience in finance, accounting and auditing. Her most recent position was CFO at Interlink Electronics Corp., a provider of force-sensing technologies, where she led the company’s relisting with Nasdaq after a five-year absence and instituted internal controls to ensure compliance with SEC requirements.
CDTi Announces First Quarter Fiscal Year 2016 Financial Results
Total revenue was $9.7 million in the first quarter of 2016, compared to $10.3 million in the first quarter of 2015.
CDTi Amends Existing Loan Agreement, Receives Additional $2M Loan From Kanis S.A.
The amended agreement provides CDTi with mandatory conversion rights of the aggregate principal balance of $7.5 million into common stock of CDTi upon the occurrence of a liquidity event, such as a strategic investment in CDTi or public stock offering by CDTi.
CDTi Announces Retirement of Two Board Members
Charles Engles, Ph.D., and Bernard “Bud” Cherry both announced their intention not to stand for election when their terms expire in May.
CDTi Streamlines Operations, Closes Canadian Manufacturing Facility
The company expects to save approximately $3 million in annual costs.
CDTi Appoints Matthew Beale As CEO
Automotive industry executive brings extensive international cleantech leadership experience. Chris Harris will continue as president and will also become chief operating officer.
CDTi Enhances DuraFit Multi-Channel Customer Service Model By Opening 4 Distribution Centers
The multiple national distribution points allow for faster order fulfillment of CDTi’s DuraFit diesel particulate filters. The four new warehouses are located in New York; Louisville, Kentucky; Colorado Springs, Colorado; and Portland, Oregon.
CDTi, PACCAR Parts Sign Multi-Year Distribution Agreement For DuraFit
PACCAR Parts North America to Sell DuraFit through its extensive truck dealership network.
CDTi Adds Top Commercial Executive To Leadership Team
Eric Bippus has more than 15 years of global sales and marketing experience in the automotive and heavy-duty vehicle markets. Most recently, he served as vice president of sales and marketing for Dura Products Inc., a manufacturer of digital chemical meters and mini-bulk transfer pumps for the agricultural and on- and off-road diesel engine markets. Prior to that, he was senior vice president of sales and marketing for Remy International Inc., a leading manufacturer and remanufacturer in the automotive, heavy-duty and transportation industry, where he also managed the OEM heavy-duty truck business in North America.
CDTi Secures First Major Fleet Customer For DuraFit
CDTi to Supply DuraFit diesel particulate filters for the Department of Sanitation’s New York fleet.