The reverse split will reduce the number of outstanding shares of CDTi common stock from approximately 20 million shares to approximately 4 million shares.
Total revenue was $6.9 million for the third quarter of 2017, compared to $10.1 million from the third quarter of 2016.
Total revenue for the second quarter of 2017 was $8.4 million, level with the second quarter of 2016.
Chase reports to CEO Matthew Beale and has more than 25 years of experience in the automotive and industrial engine industries.
DENSO Partners With CDTi On New Line Of PowerEdge Heavy-Duty OE Replacement Emissions Control Products
DENSO is showcasing the new diesel particulate filters and diesel oxidation catalyst product line at the Heavy Duty Aftermarket Week 2017 trade show in Las Vegas.