jollyspeculator5 Feb 2015 15:19
A few facts for you. You have this as a strong sell - I don't think so, unless you are shorting of course.
"The new contract extends the previously announced agreement with this global truck manufacturer to commence the first phase of a production development program for a MicroPilot compression-ignited natural gas engine for the South East Asian and other markets. This extension includes both engine and vehicle system development, and is worth approximately $1 million in additional revenue in 2015 for the Company. It will also strengthen the Company's cash resources."
"Along with our research results, which continue to demonstrate the potential for MicroPilot technology to be a game-changer in the demanding heavy duty truck industry, this new contract is another step forward in our ambition to be the design, development and delivery partner of choice for compression-ignited natural gas engine systems."
"John Pettitt, Chief Executive of Clean Air Power, said: "We are pleased to be able to report that our revenues for the year will marginally exceed expectations. Actions taken to control costs and tight management of cash resources has resulted in our cash position being stronger than anticipated thus providing additional headroom for the Company to continue to deliver on its strategy to transition the business to a design, development and delivery partner to OEMs and Tier 1 suppliers."