Less Ads, More Data, More Tools Register for FREE

Pin to quick picksCAP.L Regulatory News (CAP)

  • There is currently no data for CAP

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Testing agreement with UPS for US product

8 Aug 2013 07:00

RNS Number : 2184L
Clean Air Power Limited
08 August 2013
 



8 August 2013

 

Clean Air Power Limited

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

 

US Genesis EDGE Dual-Fuel™ Product

Testing agreement with United Parcel Service

 

Clean Air Power (AIM: CAP), the developer and global leader in Dual-Fuel engine management software for heavy duty vehicles, is pleased to announce that United Parcel Service, Inc. ("UPS") has agreed to provide in-use operation of its new Genesis EDGE Dual-Fuel™ for the Volvo D13 and MACK MP8 engines.

UPS has been operating 9 Caterpillar C12 tractor units with Clean Air Power's Dual-Fuel system since 2002. They have each completed over 1 million miles.

UPS will provide 10 MACK MP8 tractor units which will be installed with the US version of Clean Air Power's Genesis EDGE Dual-Fuel™ system for demonstration and optimisation. The trucks will operate out of the UPS facility in Ontario, CA, which has an LNG/CNG fuelling station on site, and perform real-user operations. The 10 trucks will in aggregate travel over 100,000 miles per month, which will provide invaluable information and data on performance and reliability. The trucks are expected to be fully operational in October 2013.

Funding for this program has been provided by the Californian Energy Commission under an Alternative and Renewable Fuel and Vehicle Technology Program specifically designed to accelerate the use of alternative fuels in California's transportation market.

The use of natural gas trucks is projected to show rapid growth in the US where an abundance of cheap domestic gas is providing an alternative to imported oil. The natural gas is becoming increasingly accessible to operators due to on-going investment in gas refuelling infrastructure as major international gas providers enter the market.

John Pettitt, Chief Executive of Clean Air Power said:

"We are extremely pleased to be working with UPS on the testing and optimisation of a Genesis EDGE Dual-Fuel™ product for the important US market. UPS is one of the most innovative leaders in the development of natural gas vehicles in the United States. In April 2013, UPS announced that it will buy 700 liquefied natural gas-fuelled trucks and construct four refuelling stations by the end of 2014. This testing agreement with UPS confirms that our development programme for a US Genesis-EDGE product has reached an advanced stage and I am now confident that we are on track to deliver a product capable of servicing the growing demand seen in the US for natural gas vehicles."

 

For further information, please contact:

 

Clean Air Power

John Pettitt, Chief Executive

Peter Rowse, Finance Director

 

Tel: +44 (0)1772 624 499

Citigate Dewe Rogerson

Malcolm Robertson

Chris Gardner

 

Cantor Fitzgerald Europe

David Foreman / Mark Percy (Corporate Finance)

David Banks / Paul Jewell (Corporate Broking)

 

Peat & Co

Charlie Peat

Andy Cuthill

 

 

Tel: +44 (0)20 7282 2867

 

 

 

Tel: +44 (0)20 7894 7000

 

Tel: +44 (0)20 7894 7632

 

 

Tel: +44 (0)20 7104 2334

 

 

 

 

Notes to Editors

About Clean Air Power

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 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 £50m has been invested in developing the technology with the result that 65 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

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
MSCPRMMTMBBMTBJ
Date   Source Headline
10th Sep 20157:00 amRNSCancellation of AIM securities
3rd Sep 20154:42 pmRNSSale to Vayon Holdings Limited
12th Aug 20157:30 amRNSSuspension - Clean Air Power Limited
12th Aug 20157:30 amRNSSuspension of Trading on AIM
3rd Aug 20153:26 pmRNSDirectorate Change
28th Jul 20153:07 pmRNSUpdate on the Review of Strategic Options
15th Jul 20158:57 amRNSIssue of Equity
15th Jul 20157:00 amRNSUpdate on the Review of Strategic Options
26th Jun 20152:41 pmRNSAppointment of Financial Advisers
23rd Jun 20153:33 pmRNSTrading Update
13th May 20157:00 amRNSResult of AGM
22nd Apr 20157:00 amRNSDirector Share Options
21st Apr 20157:00 amRNSNew Order for Components Division
16th Apr 20157:00 amRNSNotice of AGM
9th Apr 20157:00 amRNSCalifornia Air Resources Board Certification
23rd Mar 20157:00 amRNSAnnual Financial Report
23rd Mar 20157:00 amRNSResearch Grant Extension with Brunel University
12th Mar 20157:00 amRNSUS Genesis EDGE Dual-Fuel Distribution Agreement
2nd Mar 20157:00 amRNSMicroPilot Technology Update
9th Feb 20154:15 pmRNSHolding(s) in Company
6th Feb 20157:00 amRNSUS Dual-Fuel Product Achieves EPA Certification
3rd Feb 20157:00 amRNSContract for MicroPilot demonstration vehicle
15th Jan 20157:00 amRNSMicroPilot Technology Update
15th Jan 20157:00 amRNSTrading Update
19th Dec 20147:00 amRNSDirectors' Fee Salary Sacrifice
17th Dec 20147:00 amRNSUS Genesis-EDGE meets emissions requirements
11th Nov 20147:00 amRNSTrading Update
30th Sep 20147:00 amRNSInterim Results
25th Sep 20147:00 amRNSUS Genesis-EDGE Product Update
19th Sep 20147:00 amRNSTrading Update
10th Sep 20147:00 amRNSLetter of Intent with global truck manufacturer
6th Aug 20141:05 pmRNSIssue of Equity
27th Jun 20149:56 amRNSIssue of Equity and Directors' Interests
27th Jun 20147:00 amRNSPlacing to raise up to £1 million
19th Jun 20147:00 amRNSResults of internal testing of US Genesis-EDGE
18th Jun 20144:41 pmRNSResult of AGM
12th Jun 20147:00 amRNSBoard Appointment
28th May 20147:00 amRNSNotice of AGM
6th May 20147:01 amRNSStart of research collaboration
27th Mar 20147:00 amRNSChange of adviser
20th Mar 20147:00 amRNSExercise of Options, Issuance of Shares, TVR
17th Mar 20147:00 amRNSDirectorate Change
14th Mar 20147:00 amRNSFinal Results
24th Feb 20147:00 amRNSOrder from Sainsbury's for Genesis-EDGE product
20th Feb 20147:00 amRNSNew Order for Natural Gas Injectors
18th Feb 20147:00 amRNSMajor Order for Dual-Fuel Product
10th Feb 20147:00 amRNSConcept Development Agreement
8th Jan 20147:00 amRNSDirector Resignation
2nd Dec 20137:00 amRNSTrading Update
20th Sep 20139:00 amRNSGrant of Options

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.