21 Apr 2015 07:00
21 April 2014
Clean Air Power Limited
("Clean Air Power", the "Company" or the "Group")
New Order for Components Division and Exhibiting at ACT 2015
Clean Air Power (AIM: CAP), the developer and global leader in compression-ignited natural gas engine management systems for heavy-duty engines, announces that it has received a major new order for high pressure coalescing filters from a leading supplier of compressed natural gas ("CNG") fuel storage systems. The order has a value of around $374,000 over the 12 months from June 2015.
Clean Air Power is also pleased to announce that it will be exhibiting its Genesis-EDGE Dual-FuelTM system at the Alternative Clean Transportation ("ACT") Expo 2015 in Dallas between 4th and 7th May. Clean Air Power's Genesis-EDGE system is only Dual-FuelTM system in the US to have achieved full certification from the Environmental Protection Agency ("EPA") and the Californian Air Resources Board ("CARB") and the ACT Expo is the largest exhibition for clean fuel transportation fleets in North America. Clean Air Power will be supported at the ACT Expo by Bruckner's, its distribution partner for the Southwestern region of the US.
John Pettitt, Chief Executive of Clean Air Power, said: "This order for high pressure coalescing filters demonstrates the continuing value our Components Division brings to our customers in the supply of specialised components for the natural gas industry and it confirms the growth we are seeing in CNG as a road fuel in North America. I am also delighted that Bruckner's will be supporting us at the ACT Expo 2015 in Dallas. This will be a major showcase for our Genesis-EDGE system and an opportunity for us to demonstrate our competitive advantage by having the only EPA and CARB fully-certified Dual-FuelTM system in the US."
Enquiries:
Clean Air Power | Tel: +44 (0)1772 624 499 | |
John Pettitt, Chief Executive Officer | ||
Neill Skinner, Chief Financial Officer | ||
Citigate Dewe Rogerson | Tel: +44 (0)20 7282 2867 | |
Malcolm Robertson | ||
Chris Gardner | ||
Panmure Gordon | Tel: +44 (0)20 7886 2500 | |
Corporate Finance | ||
Freddy Crossley / Atholl Tweedie | ||
Corporate Broking | ||
Tom Salvesen | ||
Peat & Co | Tel: +44 (0)20 3540 1721 | |
Charlie Peat | ||
About Clean Air Power
Clean Air Power designs, develops and delivers compression-ignited natural gas engines for heavy duty transport applications and manufactures innovative hydraulic valves, injectors and filters for natural gas engines sold to truck manufacturers around the world. Clean Air Power's patented Dual-Fuel™ and second-generation MicroPilot technology enables engines to run on natural gas mixed with diesel (or any suitable combustion fuel) providing the "spark" that ignites the gas. Substituting natural gas for diesel cuts fuel costs, emissions of carbon, nitrous oxide and particulates whilst retaining the original engine's power, efficiency and reliability characteristics. Clean Air Power operates, directly or through distributor partnerships, in the US, Europe, Russia and Australia.
Initially founded in the USA in 1991, over $90m 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