Clean Air Power Limited New Order for Natural Gas Injectors (4834A)

TIDMCAP

RNS Number : 4834A

Clean Air Power Limited

20 February 2014

Clean Air Power Limited

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

New Order for Natural Gas Injectors

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 natural gas injectors from its German distributor. The order has a value to Clean Air Power of around $0.5 million.

The injectors will be used in the manufacture of a 7 litre medium-duty spark ignited natural gas engine by a global truck manufacturer. The engine, which is suitable for use in vehicles such as buses and refuse vehicles, is to be aimed at the growing Russian market where the Government has set out ambitious plans to encourage the use of natural gas as a road fuel throughout the country.

Clean Air Power is also developing the Russian market and plans to launch its Genesis-EDGE Dual-Fuel product there later this year. The Genesis-EDGE product is particularly targeted at heavy-duty diesel trucks, as opposed to the above mentioned medium duty offering, and enables them to run on natural gas as well as diesel while delivering significant cost and emissions reduction benefits to the user.

John Pettitt, Chief Executive of Clean Air Power said:

"Demand for natural gas vehicles in Russia is increasing, driven by clear government direction, as investment by major gas supply companies extends the natural gas refuelling network into new parts of the country. This latest order for natural gas injectors to be used in engines for the Russian market is further evidence of this trend and validates our strategy to launch our Genesis-EDGE Dual-Fuel product into the Russian market later this year. Sales of specialized components continue to provide a useful supplement to our core Dual Fuel business."

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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