Contract Win
February 17 2009 - 2:00AM
UK Regulatory
TIDMCAP
RNS Number : 4119N
Clean Air Power Limited
17 February 2009
+-----------+------------------+
| For | 17 February 2009 |
| Immediate | |
| Release | |
+-----------+------------------+
Clean Air Power Ltd
("Clean Air Power" or "the Company")
Contract Win
New Order from Sainsbury's for Genesis Units
Clean Air Power Limited (AIM: CAP) today announces that it has received an order
from Sainsbury's Supermarkets Ltd (Sainsbury's) for five Genesis Dual Fuel
installations. This early order demonstrates Sainsbury's ongoing commitment to
using the company's technology to reduce its emissions from road transport.
Sainsbury's started a successful trial of Clean Air Power's technology in August
2007 and in August 2008 began to operate one of its Mercedes-Benz Axor Euro 3
vehicles fitted with Clean Air Power's Genesis' Dual-Fuel(TM) combustion
technology. The vehicle runs daily to Sainsbury's new flagship green store in
Dartmouth, Devon from the Sainsbury Emerald Park depot near Bristol. The
Dartmouth vehicle and the others which Sainsbury's have ordered will be fuelled
using a combination of diesel and Biogas, 100% renewable methane produced from a
landfill site and cleaned before use. The landfill site is owned and operated
by Gasrec Ltd.
Sainsbury's have named this initiative 'Running on Rubbish' and are keen to
increase their experience of operating Dual-Fuel(TM) vehicles with a view to
expanding the use of biogas within their fleet in the future. Reducing
emissions from heavy goods vehicles is very challenging for operators and
Sainsbury's will reduce CO2 emissions from these vehicles by around 30%.
Clean Air Power pioneered the move towards using natural gas (methane) as a fuel
for heavy goods vehicles by developing patented technologies that enable an
existing diesel engine to operate on a combination of diesel and methane, with
minimal change required to the base engine.
This order is for Clean Air Power's Genesis system which is retrofitted to
operators' existing vehicles. Around 50% of the diesel used can be substituted
by methane, whereas an interfaced product will deliver up to a substitution rate
of up to 90%. Clean Air Power recently announced the signature of a letter of
intent with Volvo, the largest truck engine manufacturer in the world, to
develop an interfaced product. Whilst running in Dual-Fuel(TM) mode, the diesel
engine performance and efficiency are maintained whilst delivering significant
fuel cost savings, along with a marked reduction in carbon emissions.
Commenting on the order, John Pettitt, CEO of Clean Air Power, said:
"We are delighted to receive this order as it represents the next stage in our
relationship with Sainsbury's. We are pleased that such a respected and well
known group has been impressed with the trial of our technology over the past
few years and we hope that this order will lead to further orders in the future
with our new products. This order signifies another step forward for the
Company following the positive progress already announced this year, and further
endorses the credibility of our technology."
Gary King, Sainsbury's Logistics Operations Support Manager stated that:
"Sainsbury's are keen to continue the evaluation of this product in order to
gain a better understanding of the use of this type of fuel within our
operation. The purchasing of the Genesis units demonstrates our continued
commitment of respecting the environment by seeking alternative sustainable
fuels."
For further information please contact:
+------------------+-------------+
| Clean | Tel: |
| Air | +44 |
| Power | (0) |
| John | 1494 527110 |
| Pettitt, | |
| Chief | |
| Executive | |
| Peter | |
| Rowse, | |
| Finance | |
| Director | |
| | |
+------------------+-------------+
| Buchanan | Tel: |
| Communications | +44 |
| Charles | (0)20 |
| Ryland/Ben | 7466 5000 |
| Romney | |
| | |
+------------------+-------------+
| Canaccord | Tel: |
| Adams Ltd | +44 |
| Robert | (0)20 |
| Finlay/Guy | 7050 6500 |
| Blakeney/Bhavesh | |
| Patel | |
| | |
+------------------+-------------+
Notes to Editors
About Clean Air Power
Clean Air Power is the developer and provider of Dual-Fuel(TM) combustion
technology for heavy duty diesel engines. Dual-Fuel(TM) engines substantially
cut fuel costs and carbon emissions by substituting diesel with clean natural
gas 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 GBP40m 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.
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
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