Clean Air Power Limited Order from Sainsbury's for Genesis-EDGE product (7361A)
February 24 2014 - 2:00AM
UK Regulatory
TIDMCAP
RNS Number : 7361A
Clean Air Power Limited
24 February 2014
24 February 2014
Clean Air Power Limited
("Clean Air Power" or the "Group")
Major Order from Sainsbury's 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 50
Genesis-EDGE, Dual-Fuel(TM) trucks from Sainsbury's.
The trucks will be fitted with Clean Air Power's Genesis-EDGE
system at its facility in Leyland, UK and delivered to Sainsbury's
during Q1 and early Q2 2014. The vehicles will form part of
Sainsbury's large UK distribution fleet which already includes 49
Clean Air Power Genesis-EDGE trucks and 8 methane diesel
installations following orders placed during 2012 and 2013.
John Pettitt, Chief Executive of Clean Air Power said:
"This is a very significant order for our Genesis-EDGE system
and will bring the number of Clean Air Power Dual-Fuel vehicles
operating in Sainsburys' UK distribution fleet to over 100.
Following our recently announced orders for Dual Fuel systems and
components this latest order gives me further confidence that the
Company is on-course to meet market expectation in 2014. The demand
we are seeing for our products is being driven by 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."
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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