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LYNNFIELD, MA--(Marketwire -01/17/12)- GreenMan Technologies, Inc. (OTCQB: GMTI.PK - News) (Pinksheets: GMTI.PK - News)
today announced results for the three and twelve months ended September
30, 2011. Revenues at the company's American Power Group (APG) dual
fuel subsidiary increased to $347,000 from $138,000 for the same quarter
last year and increased to $1,768,000 from $333,000 for the prior
fiscal year.
APG's dual fuel system converts diesel engines and
diesel generators to function more efficiently and at a lower operating
cost (average net fuel cost savings of 20% - 35%) by seamlessly
displacing up to 40%-60% of the normal diesel fuel consumption with
either CNG, LNG, pipeline gas, well-head gas, or other qualified
bio-methane gases. APG's system is non-invasive to the OEM engine and
operates within all OEM performance controls with the flexibility to
return to 100% diesel operation at any time. APG's dual fuel conversion
and emissions reduction systems can help users achieve their
sustainability goals through lower carbon monoxide, nitrogen oxide, and
particulate matter emissions. In addition, the introduction of natural
gas through APG's dual fuel system does not impact diesel engine power
or torque and will assist in extending the engine's oil life as natural
gas is a cleaner burning fuel compared to diesel.
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