APT Group, Inc. Announces SmartCarb Development and Supplier Agreement with Gas Gas USA

Date : 06/12/2014 @ 3:34PM
Source : PR Newswire (US)
Stock : APT Moto Vox Group Inc (PK) (MTVX)
Quote : 0.0001  0.0 (0.00%) @ 12:00AM

APT Group, Inc. Announces SmartCarb Development and Supplier Agreement with Gas Gas USA

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KANSAS CITY, Mo., June 12, 2014 /PRNewswire/ -- APT Group, Inc. is pleased to announce a SmartCarb® development and supplier agreement with Gas Gas USA.   Gas Gas is a leading global Off-Road and Enduro motorcycle brand headquartered in Spain with distribution in more than 40 countries.   Gas Gas manufactures premium products with price points from $8,000 to $12,000.  Gas Gas USA is the USA Trial Products import operation.   

Gas Gas USA tested a 28mm billet SmartCarb® fuel system throughout 2013.  "The results exceeded our expectations," said Dale Malasek, President of Gas Gas USA.   "It's important to know that I am a rider.  I ride nearly every week and compete throughout the U.S.  One of the greatest disappointments as a rider is the operational challenge of rapidly changing altitudes.  Tuning and recalibrating fuel systems to compensate for altitude is expensive and frustrating, taking significant time that can even compromise the rider's safety and the integrity of the vehicle's power plant.   During testing periods we operated the vehicle with swings in altitude as much as 8,000 feet at a peak of 13,000 feet, all in a matter of hours.   The SmartCarb® came with a factory setting at 800 feet above sea level in Kansas City.  No jetting was necessary for us to use the product through these extreme altitude swings.   I simply did not touch the SmartCarb®.  Colleagues and customers marveled while they struggled with operating their vehicles in these altitudes.  While this alone was extraordinary, obvious gains in performance and significant improvements in fuel economy were also pleasant surprises.  There is no other technology like it," said Mr. Malasek.     

APT will work with Gas Gas USA to complete a 28mm SmartCarb die cast design specific to the Gas Gas application.  "Billet models are introduced first in efforts to seed the market, create demand, and prove out the design," said W. Corey Dyess, APT's Senior Vice President of Research and Development.  "The challenge is that billet models are machined and carved from blocks of aluminum resulting in significant manufacturing costs that get passed on to the consumer.   The 28mm billet model retails for more than $500, while a die cast model cuts the price in half, resulting in broader consumer appeal.    Our goal is to complete a production die cast 28mm model in less than six months.   Computational algorithm studies and tooling lead-time are the pacing items currently underway.  It takes time and resources to complete these steps. One hundred eighty days is a tight, but achievable time line for production readiness that is just in time for the selling season," said Mr. Dyess.

Although this 28mm die cast model is being specifically designed for Gas Gas products, the SmartCarb® is easily adaptable to fit many more product applications.  The total market potential for the 28mm die cast SmartCarb is estimated to be hundreds of thousands of units globally.        

"There is pent up demand for the SmartCarb® die cast models.  We are pleased to see APT move this venture forward," said Mr. Malasek. 

The Gas Gas USA program is the first of many development and supplier agreements APT will announce in the immediate future.  

About APT Group, Inc.
APT Group, Inc. (OTC BB: FROZ) is a Missouri registered corporation headquartered in Kansas City and is the holding company for the MotoVox® motorsport product line, SmartCarb® patented fuel system, and the Sonic Flow small engine technology lines (http://www.motovox.com/, and http://www.powerapt.com/).

Contact

William Maher, SVP
APT Group, Inc.
InvRel@motovox.com

Paul Knopick
E & E Communications
940.262.3584
pknopick@eandecommunications.com

SOURCE APT Group, Inc.

Copyright 2014 PR Newswire

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