European OEM Production Update (7267R)
November 09 2011 - 2:00AM
UK Regulatory
TIDMCAP
RNS Number : 7267R
Clean Air Power Limited
09 November 2011
For immediate release 9 November 2011
Clean Air Power Ltd
("Clean Air Power" or "the Company")
European OEM to start production with Clean Air Power's
technology
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, is pleased to
announce that production of the European OEM product which
integrates Clean Air Power's Dual-Fuel(TM) technology within its
engine is set to commence. This is a significant milestone that has
now been successfully achieved and marks a turning point for Clean
Air Power.
The Company announced on 15 September that there had been a
temporary delay to the production in the European OEM factory due
to short term issues which have now been resolved and, subject to a
minor software validation, production is planned to commence in
January 2012 with the initial sales volumes expected to be higher
than the Board's earlier estimations.
Commenting on the plan to initiate production, John Pettitt, CEO
of Clean Air Power, said:
"As anticipated, we are now set to start production and we look
forward to our technology being installed on an OEM production
line. The market is increasingly recognising the economic and
environmental benefits of our technology and we look forward to
being able to capitalise on this increasing demand."
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
Ben Romney
Seymour Pierce Tel: +44 (0)20 7107 8000
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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