LONDON (Alliance News) - Clean Air Power Ltd shares were trading higher on Thursday morning after the company said it has signed a distribution deal to cover the western region of the US.
Clean Air said it has signed a deal with TEC Equipment Inc, a Volvo and Mack truck dealership based in the west of the US, operating in California, Oregon, Nevada and Washington, to offer full sales, installation and support services for the Genesis-EDGE Dual-Fuel system made by Clean Air.
The company also said the California Air Resources Board has approved certification for the Genesis EDGE Dual-Fuel product, meaning it is now eligible for sale and distribution in all 50 states.
"I am very pleased that we have achieved certification for our Genesis-EDGE Dual-Fuel in California which, as well as being a significant market for natural gas vehicles, is also the group's home state," said Clean Air Chief Executive John Pettitt.
"I am equally delighted that we have teamed up with TEC and that our Genesis-EDGE Dual-Fuel? system is now available to customers across the Western region, so that we are now well placed to win the first orders for our product in the US," Pettitt added.
Clean Air Power shares were up 9.5% to 1.7249 pence in early trade, one of the best performers in the AIM All-Share.
By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance
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