Clean Air Power Limited Testing agreement with UPS for US product (2184L)
August 08 2013 - 2:01AM
UK Regulatory
TIDMCAP
RNS Number : 2184L
Clean Air Power Limited
08 August 2013
8 August 2013
Clean Air Power Limited
("Clean Air Power" or the "Group")
US Genesis EDGE Dual-Fuel(TM) Product
Testing agreement with United Parcel Service
Clean Air Power (AIM: CAP), the developer and global leader in
Dual-Fuel engine management software for heavy duty vehicles, is
pleased to announce that United Parcel Service, Inc. ("UPS") has
agreed to provide in-use operation of its new Genesis EDGE
Dual-Fuel(TM) for the Volvo D13 and MACK MP8 engines.
UPS has been operating 9 Caterpillar C12 tractor units with
Clean Air Power's Dual-Fuel system since 2002. They have each
completed over 1 million miles.
UPS will provide 10 MACK MP8 tractor units which will be
installed with the US version of Clean Air Power's Genesis EDGE
Dual-Fuel(TM) system for demonstration and optimisation. The trucks
will operate out of the UPS facility in Ontario, CA, which has an
LNG/CNG fuelling station on site, and perform real-user operations.
The 10 trucks will in aggregate travel over 100,000 miles per
month, which will provide invaluable information and data on
performance and reliability. The trucks are expected to be fully
operational in October 2013.
Funding for this program has been provided by the Californian
Energy Commission under an Alternative and Renewable Fuel and
Vehicle Technology Program specifically designed to accelerate the
use of alternative fuels in California's transportation market.
The use of natural gas trucks is projected to show rapid growth
in the US where an abundance of cheap domestic gas is providing an
alternative to imported oil. The natural gas is becoming
increasingly accessible to operators due to on-going investment in
gas refuelling infrastructure as major international gas providers
enter the market.
John Pettitt, Chief Executive of Clean Air Power said:
"We are extremely pleased to be working with UPS on the testing
and optimisation of a Genesis EDGE Dual-Fuel(TM) product for the
important US market. UPS is one of the most innovative leaders in
the development of natural gas vehicles in the United States. In
April 2013, UPS announced that it will buy 700 liquefied natural
gas-fuelled trucks and construct four refuelling stations by the
end of 2014. This testing agreement with UPS confirms that our
development programme for a US Genesis-EDGE product has reached an
advanced stage and I am now confident that we are on track to
deliver a product capable of servicing the growing demand seen in
the US for natural gas vehicles."
For further information, please contact:
Clean Air Power Tel: +44 (0)1772 624 499
John Pettitt, Chief Executive
Peter Rowse, Finance Director
Citigate Dewe Rogerson Tel: +44 (0)20 7282 2867
Malcolm Robertson
Chris Gardner
Cantor Fitzgerald Europe Tel: +44 (0)20 7894 7000
David Foreman / Mark Percy (Corporate
Finance) Tel: +44 (0)20 7894 7632
David Banks / Paul Jewell (Corporate
Broking)
Tel: +44 (0)20 7104 2334
Peat & Co
Charlie Peat
Andy Cuthill
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.
Initially founded in the USA in 1991, around GBP50m has been
invested in developing the technology with the result that 65
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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