Clean Air Power Limited Major Order for Dual-Fuel Product (2773A)
February 18 2014 - 2:01AM
UK Regulatory
TIDMCAP
RNS Number : 2773A
Clean Air Power Limited
18 February 2014
18 February 2014
Clean Air Power Limited
("Clean Air Power" or the "Group")
Major Order for Genesis-EDGE Dual-Fuel(TM) Product
Clean Air Power (AIM: CAP), the developer and global leader in
Dual-Fuel engine management systems for heavy duty vehicles, is
pleased to announce that it has received an order for 19
Genesis-EDGE, Dual-Fuel(TM) trucks from a major distribution
company in the UK. The order has a value to Clean Air Power of
around GBP0.5 million.
The trucks will be fitted with Clean Air Power's Genesis-EDGE
system at its facility in Leyland, UK and delivered during Q1 2014.
The customer already operates more than 100 Clean Air Power
Dual-Fuel vehicles in its UK distribution fleet and this repeat
order demonstrates their continuing satisfaction with Clean Air
Power's products.
John Pettitt, Chief Executive of Clean Air Power said:
"This is a significant follow-on order for our Genesis-EDGE
product from this customer and adds to 28 Dual-Fuel systems that we
have already delivered so far this year following orders placed in
2013. The strong demand for our products is being driven by the
expansion of Europe's natural gas refuelling network and the
increased supply of vehicles available to retrofit as a result of
the high level of late Euro 5 vehicle purchases made at the end of
2013. With further European orders expected imminently and the
launch of new products in the US and Russia coming later this year
I am confident that the Company is on-course to meet market
expectation in 2014."
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 3540 1721
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 69
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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