KleenAir Systems International plc
(`KleenAir' or the `Company')
Research Report
18 January 2008
Independent analysts Objective Capital have today issued a research note on
KleenAir, a leading provider of vehicle pollution filters, valuing its shares at
25p, a 25% increase to the current Offer price in the market. The report also
predicts growth in its business with the potential to more than double its share
price to 53p in the years ahead.
With the delay in mandated NOx emission reduction for heavy goods vehicles until
2012, KleenAir have refocused its marketing programme on particulate filters,
including its Partial-Flow Filter, which is currently securing a market share in
the initial phase of London's LEZ (Low Emission Zone) of 12%.
Lionel Simons, Chairman of KleenAir, said: "This is the first time Objective
Capital have looked at us, so it's good to see they believe the shares are worth
a lot more than the current market price. They are absolutely right to have
spotted the potential for significant further growth in our business as Low
Emission Zones spread to other UK and European cities, but I believe they have
underestimated the potential of our Corporate Social Responsibility programme,
which I believe will expand our business enormously."
For further information please contact:
Peter Newell 07786 333 046
peter.newell@kleenairsystems.co.uk
Nick Harriss 020 7512 0191
Blomfield Corporate Finance Ltd
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