17 Dec 2014 07:00
17 December 2014
Clean Air Power Limited
("Clean Air Power" or the "Company")
US Genesis-EDGE Product Meets US2010-Compliant Emissions Requirements
Clean Air Power (AIM: CAP), the developer and global leader in compression-ignited natural gas engine management systems for heavy-duty engines, today announces that its US Genesis-EDGE product has achieved US2010-compliant emissions levels required by the Environmental Protection Agency (EPA) in formal, independent certification testing by Ricardo, Inc.
This represents the final stage in the testing process and is expected to lead to formal certification by EPA in the coming months. The testing followed the completion of further technical work on the system's selective catalytic reduction (SCR) after-treatment system as announced on 25 September 2014.
John Pettitt, Chief Executive of Clean Air Power, said:
"Today's announcement marks a significant step towards the launch of our product in what is a major potential market for Clean Air Power. A number of technical developments still need to be completed before we can launch the product commercially, but on completion of this important milestone, we can look forward with greater confidence to bringing the technology to the US market as rapidly as possible following formal EPA certification."
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. Clean Air Power's patented MicroPilot and Dual-FuelTM 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 in the US, Europe, Russia and Australia and has two commercial divisions:
Dual-Fuel™ Vehicle Systems
Delivery of patented Dual-Fuel™ systems which include fully-interfaced systems developed in partnership with truck manufacturers and the Group's Genesis-EDGE system, developed in-house as an after-market solution. Dual-Fuel™ is a type of system that adapt diesel engines to run on a combination of diesel and natural gas whilst retaining engine's basic infrastructure. The Division sells systems to truck manufacturers for on-line assembly, approved partners for after-market installation or direct to customers through its own installation facilities. The Division also undertakes design and development work for governments and truck manufacturers on Dual-Fuel™ and next-generation MicroPilot systems.
Components
Design and manufacture of innovative hydraulic valves, injectors and filters for natural gas engines sold to truck manufacturers around the world.
Initially founded in the USA in 1991, around £50m has been invested in developing the technology with the result that 69 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.