Update on European OEM Product Launch (2716O)

TIDMCAP

RNS Number : 2716O

Clean Air Power Limited

15 September 2011

For immediate release 15 September 2011

Clean Air Power Ltd

("Clean Air Power" or "the Company")

Update on European OEM Product Launch

Clean Air Power (AIM: CAP), the developer of Dual-Fuel(TM) combustion technology that enables heavy-duty diesel engines to operate on a combination of diesel and natural gas, announces that there has been a temporary delay to the full scale production of the European OEM product which integrates Clean Air Power's Dual-Fuel(TM) technology within its engine.

The delay to the start of these sales together with lower than expected revenues for the Genesis Dual-Fuel(TM) products, emission and components business over the summer months means that the Company is trading below market expectations for the full year to 31 December 2011.

The interim results for the six months ending 30 June 2011 will be announced on 30 September 2011.

Commenting on the delay, John Pettitt, CEO of Clean Air Power, said:

"We fully expect to get factory production back on track during this year so that we can reduce impact to the business. We have a very strong working relationship with our customer and together we are making every effort to resolve these short term issues as soon as possible. We have seen strong demand for our Dual-Fuel(TM) systems but concluding orders is taking longer than anticipated"

For further information please contact:

 
 Clean Air Power                        Tel: +44 (0)1772 624 499 
  John Pettitt, Chief Executive 
  Peter Rowse, Group Finance Director 
 Buchanan Communications                Tel: +44 (0)20 7466 5000 
  Charles Ryland                         Tel: +44 (0)20 7107 8000 
  Ben Romney 
  Seymour Pierce 
  Freddy Crossley/ 
  Mark Percy 
  David Banks (Corporate Broking)

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 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.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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