CAP Clean Air

 

TIDMCAP 
 
RNS Number : 8197R 
Clean Air Power Limited 
07 May 2009 
 

+-------------------------------------+------------------------------------------+ 
| For Immediate Release               |                                          | 
|                                     | 7 May 2009                               | 
+-------------------------------------+------------------------------------------+ 
 
 
Clean Air Power Limited 
 
 
("Clean Air Power" or "the Company") 
 
 
New Euro 5 'Genesis' Product Launch 
 
 
 
 
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 the launch of a Euro 5 
compatible version of its 'Genesis' system for the UK and European markets for 
trucks which meet the latest European emissions regulations. 
 
 
In launching this new product, Clean Air Power can open up new revenue channels 
which were previously closed off due to the former product only being Euro 3 
compliant.  Despite the Euro 3 compatible Genesis product having received good 
levels of interest, potential customers have naturally become increasingly 
focused on being able to acquire more recent Euro 5 compliant vehicles. 
Accordingly the Company is optimistic that this launch will enable previous 
expressions of interest to be converted into product orders. 
 
 
This Euro 5 'Genesis' system, which is sold directly to operators by Clean Air 
Power,  was developed by applying the Company's patented technology to a Volvo 
Euro 5 emissions compliant 13 litre truck. 
 
 
From 1 October 2009, emissions from all heavy commercial vehicles sold must 
comply with Euro 5, the latest European standard. Emissions levels permitted at 
Euro 5 (2009) are significantly lower than at Euro 3 (2000). 
 
 
Clean Air Power's 'Genesis' system is a retro-fitted in house product which can 
be installed and marketed without the need for formal co-operation of the truck 
manufacturers. The solution does not interface directly with a vehicle's own 
engine management system and around 50% of the diesel normally used by the 
vehicle is substituted for gas. 
 
 
Clean Air Power has produced a demonstration vehicle which is already on trial 
with a major blue chip company and further trials are already planned. 
 
 
Commenting on the new product launch, John Pettitt, CEO of Clean Air Power said: 
 
 
"The launch of this Euro 5 'Genesis' system is a significant milestone for the 
Company to have reached and we anticipate levels of customer demand to be high 
as the new product replaces the Euro 3 system that has already achieved 
significant interest within the industry.  I am delighted that our engineering 
team have delivered on time again. This latest Genesis product opens up the UK 
and European market and will provide a useful additional revenue source for the 
Company as we continue the development of the Volvo interfaced version of our 
product in partnership with Volvo. " 
 
 
 
 
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 
 
 MSCILFIDEFIRIIA 
 

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