Clean Air Power Limited New Order for Components Division (7840K)
April 21 2015 - 1:01AM
UK Regulatory
TIDMCAP
RNS Number : 7840K
Clean Air Power Limited
21 April 2015
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-Fuel(TM) system at the Alternative
Clean Transportation ("ACT") Expo 2015 in Dallas between 4(th) and
7(th) May. Clean Air Power's Genesis-EDGE system is only
Dual-Fuel(TM) 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-Fuel(TM) 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(TM) 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
This information is provided by RNS
The company news service from the London Stock Exchange
END
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