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Friday, March 8, 2013

APGI is approved for more engines

American Power Group Corporation (OTCQB: APGI), announced today that its subsidiary, American Power Group, Inc. ("APG"), has received online notification from the U.S. Environmental Protection Agency ("EPA") that its recent Clean Alternative Fuel Vehicle and Engine Conversion Submission for an additional 22 engine families has been approved for the following additional Outside Useful Life ("OUL") engines:

 --  Cummins ISX (2009 - 2007)
 --  Cummins ISM (2009 - 2007)
 --  Caterpillar C-15 (1997 - 1996)
 --  Caterpillar C-16 (1997)

The submission utilized APG's latest V5000 Dual Fuel Turbocharged Natural Gas(TM) technology which is required to meet specific design, componentry, and emission compliance criteria per the EPA Final Rule 40CFR Parts 85 and 86.
Lyle Jensen, American Power Group Corporation's President and Chief Executive Officer, stated, "This round of approvals mark the completion of the Class 8 EPA OUL testing for the most popular Cummins and Detroit Diesel engine families for model years 2009 to 2002 and the most popular Caterpillar engine families from 2006 to 1996. Caterpillar exited the vehicular engine market after 2006. The EPA OUL testing for the Volvo and Mack engine families has begun and we anticipate testing and approvals to be completed within the next 60 to 90 days. Following that, we will wrap up our EPA OUL testing with selected engine models older than model year 2002 for the re-manufactured engine conversion market and the International DT 466/MaxxForce engine series. Since May 2012, we have received approval on over one hundred EPA OUL engine families and anticipate having over two hundred OUL engine families approved when we complete this phase of testing later this spring which would open up an estimated domestic multi-billion dollar OUL addressable market of 500,000 vehicles."

Thank you Etrade

More on this article can be found here

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