Contract Win (5134A)
April 02 2012 - 2:00AM
UK Regulatory
TIDMCAP
RNS Number : 5134A
Clean Air Power Limited
02 April 2012
For immediate release 2 April 2012
Clean Air Power Ltd
("Clean Air Power" or "the Company")
Contract Win
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 delighted to
announce that the Company has received a significant Genesis Edge
Systems order from a European operator.
Clean Air Power are developing a variant of the existing Genesis
Edge Dual-Fuel(TM) system and, following a successful trial, will
deliver a minimum of 50 systems under the agreement in 2012. The
development contract and the system sales will be worth
approximately GBP800,000, on the basis of the minimum order volumes
as above. The operator concerned has been running a number of
trucks fitted with the Genesis Edge system since 2009.
Commenting on the announcement, John Pettitt, CEO of Clean Air
Power said:
"There is a growing recognition that heavy duty trucks, using
Dual-Fuel(TM) technology are able to replace the majority of their
diesel consumption with natural gas which is a clean and abundant
fuel. This order is further indication that natural gas is an
increasingly important fuel for truck operators."
For further information please contact:
Clean Air Power Tel: +44 (0)1772 624 499
John Pettitt, Chief Executive
Peter Rowse, Group Finance Director
Buchanan Tel: +44 (0)20 7466 5000
Charles Ryland
Clare Akhurst
Seymour Pierce Tel: +44 (0)20 7107 8000
Freddy Crossley / Mark Percy (Corporate
Finance)
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.
Further information is available at cleanairpower.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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