Clean Air Power Limited New Order for Natural Gas Injectors (4834A)
February 20 2014 - 2:00AM
UK Regulatory
TIDMCAP
RNS Number : 4834A
Clean Air Power Limited
20 February 2014
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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