CAP.L Regulatory News (CAP)

11 Feb 2009 07:00



Clean Air Power Limited

("Clean Air Power" or "the Company")

Contract Win

New Order for Components Division

Clean Air Power Limited (AIM: CAP) is pleased to announce a significant order and long term supply agreement for its Components Division in San Diego, USA.

The order from L3 Communications ("L3"), which is worth $1,111,000, is for the supply of hydraulic valves to be delivered in 2009.  In addition the long term supply agreement that Clean Air Power has signed with L3 anticipates total sales of $3,337,000, including the above 2009 order, between 2009 and 2011.

Clean Air Power has been a supplier to L3 for a number of years and the company is delighted to cement the already strong relationship with this important customer with this long term agreement. Following the January announcement of the $900k order from Exterran for the Company's Emissions Division the agreement represents another demonstration of Clean Air Power's ability to cultivate relationships with its customers and grow long term relationships and revenues from comparatively low bases.

 Clean Air Power's Components division grew from its need to develop specialised components for its own core Dual-Fuel™ technology. The injectors and valves now produced incorporate a number of beneficial and patented features which have allowed Clean Air Power to become a tier one supplier to a number of automotive manufacturers around the world.

John Pettitt, CEO, said:

 "I am delighted to have received this long term commitment from L3. Clean Air Power concentrates on developing customer relations and ensuring quality and innovation in engineering, and  I am delighted that the Company is beginning to reap the rewards from this consistent focus. Following the announcement of the signature of the Volvo letter signature for development of its core Dual-Fuel™ technology in early January the positive trend for the company continues."

For further information contact:

Clean Air Power

John Pettitt, Chief Executive

Peter Rowse, Finance Director

Tel: +44 (0)1494 527110

Canaccord Adams Limited

Robert Finlay

Guy Blakeney

Bhavesh Patel

Tel: +44 (0)20 7050 6500

Buchanan Communications

Charles RylandBen Romney

Tel: +44 (0)20 7466 5000

Notes to Editors:

Clean Air Power is the developer and provider of Dual-Fuel™ combustion technology for heavy duty diesel engines. Dual-Fuel™ engines substantially cut fuel costs and carbon emissions, by substituting diesel with clean natural gas without sacrificing the original engine's characteristic efficiency or reliability. Clean Air Power is well positioned to assist corporations and governments to deliver on their environmental commitments while at the same time reducing transport operators overheads. 

Initially founded in the USA in 1991, around £40m has been invested in developing the technology with the result that 62 patents are currently held or pending. The holding company of the Group is based in Bermuda with operational subsidiaries in the UK, the USA and Australia. The Group was admitted to the AIM market of the London Stock Exchange in February 2006. 

Further information on Clean Air Power is available at www.cleanairpower.com