American Power Group Making Big Deals - (APGI)

APG and its subsidiary American Power Group Inc has announced a 900,000$$ order to do some engine conversions on hydraulic pumps for the top 5 oil and natural gas producers in the world. This is some pretty huge news for a small company from Algona Iowa. APGI will be producing a turnkey operational solution for these hydraulic pumps and it will enable customers to install subsequent pumps. 

From Etrade - APGI
Lyle Jensen, CEO of American Power Group, stated, "We are pleased that, following extensive factory and field testing, APG's innovative Turbocharged Natural Gas(TM) System has once again been selected for its safety, reliability, and environmental efficiency by another world class oilfield and drilling service company. APG's user-friendly dual fuel system provides an oil and gas service contractor the maximum flexibility to utilize either pipeline gas, qualified well-head gas, liquefied natural gas (LNG), or compressed natural gas (CNG) to displace a large percentage of diesel fuel and realize a significant net fuel savings and lower emissions. Our oil and gas drilling customers have been experiencing paybacks ranging from three months (well-head gas) to nine months (liquefied natural gas), making our dual fuel solution one of the most compelling competitive decisions they can make. At a time when global diesel prices continue to escalate, the ability for operators to utilize our dual fuel technology with inexpensive, clean-burning, and plentiful domestic natural gas provides a significant competitive advantage for those that adopt an APG dual fuel operation. This is the second major order APG has received for dual fuel hydraulic fracturing in the past ninety days and we expect an accelerating adoption of our technology for both stationary and vehicular applications during 2013."