CAP Clean Air

 

TIDMCAP 
 
RNS Number : 9415O 
Clean Air Power Limited 
17 March 2009 
 

+-------------------------------------+------------------------------------------+ 
| For Immediate Release               |                                          | 
|                                     | 17 March 2009                            | 
+-------------------------------------+------------------------------------------+ 
 
 
Clean Air Power Limited 
 
 
("Clean Air Power" or "the Company") 
 
 
New Order 
 
 
 
 
Clean Air Power Limited (AIM: CAP), the developer of Dual-Fuel(TM) combustion 
technology that enables heavy-duty diesel engines to run on a combination of 
both diesel and natural gas, is pleased to announce a significant order for its 
Components Division in San Diego, USA. 
 
 
The order from L3 Communications ("L3"), which is worth $765,000, is for the 
supply of hydraulic valves to be delivered in late 2009.  This order is the 
second to be received under the long term supply agreement with L3 that Clean 
Air Power announced on 11 February 2009.  The agreement anticipates total sales 
of $3,337,000, including the above 2009 order, between 2009 and 2011.  In total 
L3 has now confirmed $1,876,000 in orders relating to this three year agreement. 
 
 
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.  The Components Division generates cash which 
assists the development and full commercialisation of the company's core 
Dual-Fuel(TM) business. 
 
 
 
 
Commenting on the contract win, John Pettitt, CEO, said: 
 "I am delighted to have received this second significant order from L3 which 
further emphasises Clean Air Power's strong performance in recent months. Our 
Components division continues its strong start to the year and all of our three 
divisions have already received important orders in 2009. As our engineering 
development activity steps up following the recent Volvo letter of intent 
signature, it is encouraging that our secondary products continue to strongly 
support the core Dual-Fuel(TM) business." 
 
 
 
 
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 
 
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