AEA Technology said this week that it hopes to form a partnership within six months to manufacture and market its system for removing particulates from diesel exhausts.
AEA’s system, launched earlier this year, uses a plasma stream to filter out carbon particulates. It will enable car makers to meet tough new European emission standards due to come into force in 2005.
The most likely arrangement is thought to be one where the strategic partner will make most of the products under licence. Market leaders Johnson Matthey and Anglehard are believed to be potential partners.
`We hope a deal will emerge within the next six months,’ said finance director Ray Proctor.
AEA made the announcement alongside its half-year results, which showed a slight improvement on last year. Pre-tax profits were up to £8.9m in the half year to September 30, from £8.6m in 1998. Turnover rose to £170.4m from £165.9m.