Top U.S. CNG Vehicle Converter, BAF Technologies, Acquires ServoTech, A Leading Auto Emissions Solutions Provider
June 11 2012 - 6:00AM
Business Wire
BAF Technologies, a wholly owned subsidiary of Clean Energy
Fuels Corp. (Nasdaq: CLNE), today announced the acquisition of
Belleville, Michigan-based ServoTech Engineering, Inc., an auto
emissions solutions provider. BAF, the leading U.S. provider of
natural gas vehicle systems and conversions, recently produced its
20,000th compressed natural gas (CNG) vehicle conversion. BAF is
the first CNG converter to be recognized as a Ford Qualified
Vehicle Modifier (QVM) for gaseous fuels.
BAF President John Bacon said, “ServoTech’s long-term
relationship with Ford will support BAF in developing calibrations
more efficiently going forward. We expect this will enable BAF to
have CARB-and EPA-approved vehicles on the road faster than
ever.”
Dr Hamid Servati, ServoTech’s current president, will continue
to lead the new BAF subsidiary’s operations. As a Ford Qualified
Calibration Modifier (QCM), ServoTech has direct access to the Ford
engine calibration strategy. Each vehicle converted by BAF is
registered through Ford Quality Fleet Care (QFC) for all warranty
and service work.
“This makes BAF the only natural gas vehicle QVM with this level
of access,” Bacon said. “Currently, BAF has nine different engine
families that were developed with ServoTech.”
In addition, BAF crash tests all of its light-duty vehicle
products to achieve FMVSS-303 compliance. It has a network of 65
Ford dealers across the country certified to service the company’s
CNG conversions.
Since 1987, ServoTech has provided auto emission solutions to
the OEM and vehicle retrofit/aftermarket industry, helping
manufacturers and vehicle converters comply with emission reduction
goals and standards. The company offers research, development and
testing services, manufacturing capabilities, software design and
development, engine management systems and technical training and
education.
In addition, ServoTech designs and manufactures emissions
control systems for engine test cells, including a NOx controller,
catalytic converters, and electronic controls.
Currently priced up to $1.50 or more per gallon lower than
diesel or gasoline (depending upon local markets), the use of
natural gas fuels reduces greenhouse gas emissions up to 30% in
light-duty vehicles. The U.S. Department of Energy reports that 98%
of the natural gas consumed in the U.S. is sourced in the U.S. and
Canada, making natural gas a secure North American energy
choice.
BAF Technologies is the leading provider of natural gas
vehicle systems in the United States and supports clients with
alternative fuel systems. Founded in 1992 and headquartered in
Dallas, Texas, BAF was acquired by Clean Energy in October 2009.
BAF’s alternative fuel vehicle up-fitting capabilities include
aftermarket compressed natural gas (CNG) conversions of
Ford-manufactured vans, cutaway shuttles, taxis, pick-ups and
light-duty trucks. Visit www.BAFtechnologies.com.
Clean Energy (Nasdaq: CLNE) is the largest provider of
natural gas fuel for transportation in North America and a global
leader in the expanding natural gas vehicle fueling market. We have
operations in compressed natural gas and liquefied natural gas
(LNG) vehicle fueling; construction and operation of natural gas
fueling stations; compressor equipment and technology; biomethane
production; and vehicle conversion. We fuel over 530 fleet
customers and 25,000 vehicles daily at more than 273 strategic
locations across the country with a broad customer base in the
refuse, transit, trucking, shuttle, taxi, airport and municipal
fleet markets.
We are building America’s Natural Gas Highway™, a network
of LNG truck fueling stations connecting major freight trucking
corridors across the country for coast-to-coast and
border-to-border natural gas truck fueling.
IMW Industries, Ltd., a wholly owned subsidiary, is a
global supplier of compressed natural gas equipment for vehicle
fueling and industrial applications with more than 1,400
installations in 26 countries. NorthStar, a wholly owned
subsidiary, is the recognized leader in LNG/LCNG (liquefied to
compressed natural gas) fueling system technologies and equipment,
station construction and operations. It has built approximately 70%
of the LNG fueling stations in the United States. BAF
Technologies, Inc., a wholly owned subsidiary, is a leading
provider of natural gas vehicle systems and conversions, including
taxis, vans, pick-up trucks and shuttle buses. It has converted
20,000 vehicles. With a full line of Ford fleet vehicles, BAF is
the first gaseous Qualified Vehicle Modifier (QVM) designated by
Ford Motor Company. Clean Energy Renewable Fuels (CERF), a
wholly owned subsidiary, is developing renewable natural gas (RNG)
or biomethane production facilities in the United States. CERF owns
(70%) and operates a landfill gas facility in Dallas, Texas that
produces RNG for delivery in the nation’s gas pipeline network for
power generation and transportation fuel. CERF is building a second
facility in Canton, Michigan. We own and operate LNG production
plants in Willis, Texas and Boron, California with combined
capacity of 260,000 LNG gallons per day and that are designed to
expand to 340,000 LNG gallons per day as demand increases. For more
information, visit www.cleanenergyfuels.com
Forward-Looking Statements — This news release contains
forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933 and Section 21E of the Securities Exchange
Act of 1934 that involve risks, uncertainties and assumptions,
including statements about BAF’s ability to have CARB-and
EPA-approved vehicles on the road faster than ever. Actual results
and the timing of events could differ materially from those
anticipated in these forward-looking statements as a result of
several factors, including, but not limited to changes in the
process to obtain CARB and EPA approval. The forward-looking
statements made herein speak only as of the date of this press
release and, unless otherwise required by law, the company
undertakes no obligation to publicly update such forward-looking
statements to reflect subsequent events or circumstances.
Additionally, the reports and other documents the Company files
with the SEC (available at www.sec.gov) contain risk factors, which
may cause actual results to differ materially from the
forward-looking statements contained in this news release.
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