CAP Clean Air

 

TIDMCAP 
 
RNS Number : 4781N 
Clean Air Power Limited 
18 February 2009 
 

+-------------------------------------+------------------------------------------+ 
| For Immediate Release               |                                          | 
|                                     | 18 February 2009                         | 
+-------------------------------------+------------------------------------------+ 
 
 
Clean Air Power Limited 
 
 
("Clean Air Power" or "the Company") 
 
 
Contract Win 
 
 
New Order for Components Division 
 
 
Clean Air Power Limited (AIM: CAP) is pleased to announce another significant 
order for its  Components Division in San Diego, USA. 
 
 
The order, from Advanced Engine Components Ltd in Australia, ("AEC") is worth 
around $260k for the supply of gas injectors to be used as spare parts for the 
production of natural gas powered buses. It will be delivered in the first half 
of the year and comprises the first part of an agreement with AEC under which 
Clean Air Power expects to supply injectors worth around $480k in 2009. Clean 
Air Power's sales to AEC in 2008 were approximately $200k. 
 
 
Following the February announcement of a $1.1m components order as part of a 
$3.3m long term supply agreement with L3, the agreement with AEC further 
validates Clean Air Power's ability to  build  relationships with its customers 
and grow sales. 
 
 
Clean Air Power's components division grew from its need to develop specialised 
components for its own core Dual-Fuel(TM) technology. The injectors and valves 
now produced incorporate a number of beneficial and patented features which have 
allowed Clean Air Power to become a tier one supplier to a number of automotive 
manufacturers around the world. 
 
 
John Pettitt, CEO, said: 
"I am delighted to have received this order. The agreement reached means 2009 
sales to AEC should be more than double last year's level. The increasing demand 
for natural gas engines around the world is driving the growth in sales for our 
components division. This division contributes valuable cash to the company as 
the commercialisation of our core Dual-Fuel(TM) technology continues 
under the Volvo letter of intent that was signed in January." 
 
 
 
 
For further information contact: 
 
 
Clean Air Power 
 John Pettitt, Chief Executive 
 Peter Rowse, Finance Director 
 Tel: +44 (0)1494 527110 
 
 
Canaccord Adams Limited 
 Robert Finlay 
Guy Blakeney 
Bhavesh Patel 
 Tel: +44 (0)20 7050 6500 
 
 
Buchanan Communications 
Charles Ryland 
Ben Romney 
Tel: +44 (0)20 7466 5000 
 
 
 
 
 
 
Notes to Editors: 
 
 
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 
 
 CNTUBABRKVRUAAR 
 

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