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Showing posts with label APGI. Show all posts
Showing posts with label APGI. Show all posts

Monday, February 24, 2014

American Power Group's Dual Fuel Natural Gas Glider Kit

American Power Group Corporation

Has Been Selected by Heavy Duty Trucking Magazine as One of Their Top 20 Products for 2014


LYNNFIELD, MA--(Marketwired - Feb 18, 2014) - American Power Group Corporation (OTCQBAPGI) announced thatHeavy Duty Trucking Magazine recognized American Power Group's Dual Fuel Natural Gas Glider as one of their Top 20 Products for 2014.
A committee of editors from Heavy Duty Trucking Magazine("HDT") selected products that appeared in HDT's editorial pages or in editorial coverage on Truckinginfo.com during their 2013 qualifying period based on: 1) its level of innovation; 2) whether it addresses significant industry issues; and 3) its potential to improve a trucking operation's bottom line. Then additional input was received from a panel of experienced fleet executives and maintenance managers, including HDT's Truck Fleet Innovators, and a panel of Technology and Maintenance Council ("TMC") members led by past TMC President Darry Stuart. The Top 20 Products are featured in HDT's February issue -- HDT Announces 2014 Top 20 Products.

Saturday, February 22, 2014

American Power Group Corporation and VFG Energy Leasing and Finance Announce a New Leasing Program for APG Dual Fuel Conversions

American Power Group Corporation

Over $18 Million of Natural Gas Related Transactions Funded by VFG in Calendar 2013


LYNNFIELD, MA--(Marketwired - Feb 10, 2014) - American Power Group Corporation (OTCQBAPGI)today announced a new leasing program for APG dual fuel conversions and related natural gas tank systems that will be offered by Vision Financial Group, Inc. through its specialty unit VFG Energy Leasing and Finance ("VFG") of Pittsburgh, PA.
Lyle Jensen, American Power Group Corporation's Chief Executive Officer, stated, "Many fleet owners interested in natural gas conversions of their existing fleets have found it challenging to obtain traditional bank financing for alternative fuel add-on systems for their diesel trucks. We are excited that VFG has seen the value of APG's dual fuel technology and are willing to provide financing terms with and without a perfected security interest on the entire vehicle chassis. This is critical for many of the fleet operators we've spoken to who are looking to convert multiple units at a time. We believe our ability to offer fleet customers with a viable financing solution will provide them with a path to convert a larger percent of their fleet sooner rather than later."
Mr. Jensen added, "APG's vehicular conversion technology is generating customer validated net monthly fuel savings of $1,000 to $1,800 per month depending on the miles driven and cost of fuel. While each customer's circumstance will differ, we believe that after lease related costs, a fleet owner can see his take-home income increase by $200 to $1,000 per month. We know of no other truck-related technology that can create that kind of incremental savings and income."

Wednesday, July 24, 2013

American Power Group Corporation Engages Porter, LeVay & Rose, Inc. for Investor Relations


American Power Group Corporation (OTCQB: APGI), announced today that it has engaged Porter, LeVay & Rose, Inc. (PLR) to provide investor relations services.
Chuck Coppa, Chief Financial Officer of American Power Group Corporation, said, "We are very pleased to engage PLR to lead our investor relations initiative. Michael Porter has extensive experience with microcap companies and a deep understanding of the Company's technology and goals. 




We look forward to working with PLR to expand our outreach efforts and raise awareness of American Power Group among investor audiences and look forward to leveraging the breadth and depth of knowledge that Mr. Porter and his team will bring to American Power Group Corporation."
PLR is a premier full-service investor relations and corporate communications firm that has functioned as a principled and responsible liaison with its clients' stakeholders for four decades. PLR represents clients in a wide range of industries, including technology, biotech, medical devices, manufacturing, business services, and retail. Find PLR online at www.plrinvest.com.


For more information check out the news release: APGI - Etrade

Friday, June 21, 2013

Natural gas Penetrates 6% of Land Drilling Market

American Power Group

The Zeus conference concludes that natural gas has slowly replaced the use of diesel fuel. APG and Prometheus Energy have reported that 70 out of 1200 of Americas land based oil rigs are now powered by gas from LNG, wellheads and pipelines.
This is great news because when you drill for oil you will almost always find an abundance of natural gas above the oil. Generally in the past this gas is set on fire and released into the atmosphere....which is a waste of fossil fuels.


Thanks to American Power Group and their generators oil drilling operations can use their own gas to power the oil rig and the entire site.

The electricity to power these rigs is commonly supplied by large reciprocating engines, according to Lyle Jensen, CEO of American Power Group, a manufacturer of diesel-engine conversion kits. He explained that each rigs is commonly powered by three units, 
ranging in size from 750 hp (0.6 MW) to 1,500 hp (1.1 MW).




Read more about - APGI - Etrade News

Friday, May 10, 2013

American Power Group receives follow up order worth 500,000 from Oil and Gas drilling companies

More god news for American Power group (APGI).
The orders are for the upgrade and conversion of additional diesel generators on drilling rigs for operation using APG's Turbocharged Natural Gas(TM) Dual Fuel System. SourceOne Engine Equipment, LLC, our domestic Dealer/Certified Installer booked the orders. While the end customers were not disclosed for proprietary reasons, a recent industry survey ranked these three companies among the top 50 oil and gas exploration and drilling companies in the United States.
Lyle Jensen, CEO of American Power Group stated, "Currently more than 20 of the top oil and gas exploration companies in the United States are running APG's Turbocharged Natural Gas(TM) Dual Fuel System on their drilling rigs with over 75% of those running multiple dual fuel powered drilling rigs. During April, we invoiced a record $1 million in oil and gas related revenue based on previously announced and new orders." Mr. Jensen added, "At a time when global diesel prices continue to escalate, the ability for oil rig operators to use our dual fuel technology with either inexpensive well-head gas or plentiful domestic natural gas as a supplemental fuel provides a significant competitive advantage over operators running on 100% diesel fuel." 


Information gathered from Etrade - APGI NEWS






Thursday, March 21, 2013

American Power Group Partners with Fitzgerald Glider Kits to debut first natural gas duel fuel glider at truck show

More interesting news for American Power Group...as you can read form the title of the post they will be debuting their dual fuel engine with Fitzgerald gliders. This is very exciting news for the little company based out of Algona Iowa. These gliders are pretty much just the shell of the car, Fitzgerald and Wheeltime Network get together and refurbishe these gliders. This is a win win situation for everyone....buying the shell of the truck is much more cost effective and there is no need for any sort of special conversion necessary. Natural gas is a step towards the future.
More from Etrade - APGI


Lyle Jensen, American Power Group Corporation's President and Chief Executive Officer, stated, "We expect the 2013 Fitzgerald/APG Dual Fuel Glider to become one of most innovative and exciting new Class 8 vehicles on the road with 20%-30% lower net fuel costs as compared to standard diesel engines and up to 70% lower annual maintenance costs." Mr. Jensen added, "The introduction of a Dual Fuel Glider, coupled with the resources provided by a Fitzgerald/WheelTime Network/APG collaboration, could be the game-changer that accelerates the transition of Class 8 truck fleets to natural gas as an alternative fuel."


The benefits of a glider kit are significant. The initial purchase price is typically 25% lower than a new diesel truck. The Detroit Series 60 12.7 liter engine, which is rated at 500hp and 1,650 lb-ft torque, was one of the most popular engines of the 1990s, pre-dating the addition of emissions reduction equipment required on later model year engines. There are significantly less maintenance costs and downtime with the Series 60 12.7 liter engine. Additionally, fuel efficiency is typically better, with fuel mileage of up to 7 miles per gallon. The Fitzgerald Glider comes with a three-year, 300,000 mile warranty on both the engine and transmission.

Friday, March 15, 2013

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."





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

Friday, March 1, 2013

American Power Group signs with Collicutt Energy Services


American Power Group Corporation (OTCQB: APGI) announced that its subsidiary, American Power Group, Inc. ("APG") has signed a Certified Installer and Dealer Agreement with Collicutt Energy Services ("Collicutt") for training and certification to sell, install, and service APG's Stationary Dual Fuel Conversions in Alberta and Western Canada.

Collicutt Energy Services (www.collicutt.com) is a leading service provider in North America, and headquartered in Red Deer, Alberta, Canada with over 30 years of experience in the power generation and gas compression industry. Through its many locations in Alberta, British Columbia, California, Nevada, Alaska, and Hawaii, Collicutt provides design and engineering services, field sales and support, large equipment overhaul and refurbishment and parts inventory for the power generation and gas compression industries.


Lyle Jensen, CEO of American Power Group, stated, "We are pleased to have Collicutt join our ever-expanding network of Stationary Certified Installers and Authorized Dealers. We recently worked with the Collicutt team on a test installation in northern Canada and decided to formalize the relationship and begin marketing our dual fuel conversion system in the territory. APG's innovative Natural Gas System(TM) provides the broadest conversion coverage for a wide range of diesel engine models and horsepower in the industry."


More here

LINK

Friday, February 1, 2013

American Power Group making moves in the Marcellus


American Power Group


American Power Group Receives $1.5 Million Order From Cudd Energy Services for Hydraulic Fracturing Installation in the Marcellus Shale Region


American Power Group Corporation (OTCQB: APGI) announced today that its subsidiary, American Power Group, Inc. ("APG"), has received purchase orders totaling $1.5 million from Cudd Energy Services to upgrade and convert diesel pumps used for hydraulic fracturing to APG's Turbocharged Natural Gas(TM) Dual Fuel System. APG will provide full turnkey installation including engineering services under an EPA Test Exemption while completing the EPA Memo 1A Testing and Compliance process, similar to the procedure APG completed in June 2012 for a different high-horsepower non-road compression ignition engine family. APG expects the installations to be completed during the next two calendar quarters in conjunction with the scheduled completion of the Memo 1A Testing.
Cudd Energy Services (www.cudd.com), a subsidiary of RPC Inc., is an oilfield service company offering a broad range of technical and specialized oilfield services to companies engaged in the exploration and production of oil and natural gas worldwide.
Prometheus Energy (www.prometheusenergy.com) will manage the onsite supply of liquefied natural gas (LNG) as the primary natural gas fuel source. Prometheus Energy provides turnkey fuel solutions that enable oilfield and other industrial users of diesel and other crude-derived fuels to use secure domestic LNG, reducing fuel cost and emissions. The company is vertically integrated from LNG production, distribution and logistics to onsite storage and vaporization.
American Power Group


Green Energy Generation
Thank you ETRADE for keeping me up to date....for more information please follow the 

LINK









Monday, January 21, 2013

APGI reports fourth quarter fiscal results

American Power Group

Lyle Jensen, American Power Group Corporation's President and Chief Executive Officer, stated, "We are very pleased with the progress we have made and the market leadership momentum we have created during the past year with both our vehicular and stationary dual fuel diesel engine solutions. We continue to work closely with the EPA to achieve approvals for additional Outside Useful Life (OUL) and Inside Useful Life (IUL) vehicular conversions. APGI is currently a leader in vehicular EPA OUL approvals with 88 engine families on four different OEM engine platforms. We expect to complete another 100 EPA OUL engine family approvals on four additional OEM engine platforms before the end of the second calendar quarter of 2013. We will begin testing for lower mileage IUL conversions at the University of Houston in January which we anticipate will result in additional IUL OEM engine platform approvals throughout the year."


Mr. Jensen added, "As these EPA approvals are secured, private and corporate fleets will be able to begin their own evaluation testing on a wide range of engine models, providing a platform for us to achieve our initial near term objective of 1,000 conversions per year which would equate to over $10 million of annual revenue. As these fleets move into production, our next targeted goal is 1,000 conversions per month. We anticipate that our recent National Distribution and Master Marketing Agreement with WheelTime Network, LLC will provide us with high-quality certified conversion centers across North America to support these scalability requirements."
Jensen further stated, "We made tremendous progress with our stationary conversion efforts this year, reporting fiscal 2012 stationary vertical drilling conversion revenue of $1.9 million, five times higher than revenues from that segment in fiscal 2011. Notably, second half conversion revenue was double the revenue generated in the first half of the year. Endorsements from the Linde Group, CONSOL Energy and EQT helped open up the Marcellus region for expanded APG conversions in 2012 and we expect to enter new regions in Canada and Colorado during the coming year. APG's technology is currently being tested by several of the world's largest Oil & Gas equipment corporations for the application of dual fuel technology on horizontal fracturing rigs and we anticipate that field testing will be completed in the first quarter of calendar 2013 with production orders to be awarded shortly thereafter. Our proprietary dual fuel technology that provides our customers the ability to lower energy costs and reduce emissions, has differentiated APG and positioned us as a recognized leader in dual fuel conversions."

Thank you Etrade for the update
For more info here is the LINK

Friday, December 14, 2012

American Power Group - New VP of Sales


American Power Group Corporation (OTCQB: APGI) announced today that its subsidiary, American Power Group, Inc. ("APG") has appointed Steve Majkowski Vice President of Sales and Marketing reporting directly to Lyle Jensen, CEO. He will be responsible for establishing, directing, and leading all customer-oriented initiatives to grow APG's domestic and international dual fuel conversion businesses.
Mr. Majkowski has had a progressive 20-year career with both Delphi Automotive and Dow Chemical's Automotive Systems, working on a broad range of powertrain areas, including engine calibration and software development, diesel and gasoline fuel systems and components, and exhaust after treatment. At Delphi he was recognized with the "Boss" Kettering Award, is a member of the Delphi Innovation Hall of Fame and holder of nine U.S. patents. His work experience includes automotive engineering, global marketing, operations, and product line sales and marketing. Mr. Majkowski graduated with a BS in Mechanical Engineering from Michigan State University and received his MBA degree from Kettering University.

Thank you E*Trade for keeping current with APGIFor the whole story follow the LINK!

Thursday, November 29, 2012

Big News for American Power Group





   The APG system is a cost-effective and non-invasive patented turbocharged natural gas dual fuel conversion technology for trucks, stationary generators and off-road mobile diesel engines. The APG system offers a 300-800 mile dual fuel range with no loss of power and torque and, depending on the route profile, delivers an average annual net fuel savings of 15%-30% over 100% diesel fuel. With no practical design limits for engine models or horsepower, the APG system is currently EPA-approved for 88 engine families and is expected to receive EPA approval for more than 200 additional engine families by the end of 2013. The APG system offers the flexibility to return the vehicle to 100% diesel operation at any time. At end-of-life or vehicular rotation, the APG system and natural gas tank can be easily removed and installed on another EPA approved engine.
The WheelTime Network is North America's highest quality truck service network. Its 18 member companies provide installation and warranty support through nearly 200 service centers, 2,800 service bays, 3,000 factory-trained technicians and 30 training facilities located across the United States and Canada. 
"We see natural gas as an important and necessary development in our industry. Accordingly, WheelTime made a strategic decision earlier this year to begin taking the necessary steps to become a center of excellence for the installation and service of natural gas engines," said Mike Delaney, President and CEO of WheelTime Network LLC. 
Delaney added: "In addition to dedicated natural gas engines, we believe diesel engine dual fuel conversions will be an evolutionary step for natural gas, providing a low risk way for fleets to get the benefit of natural gas fuel savings and giving existing equipment new life."

If you would like to read more....here is my source
Thank you yahoo finances

Thursday, October 18, 2012

American Power Group Reports Over $500,000 of New Orders

Go APGI Go

Not only have they made more contracts they will also be testing their conversion model on thirty perspective customers.




American Power Group Corporation (OTCQB: APGI) announced today that its subsidiary, American Power Group, Inc. ("APG") has received orders for vehicular dual fuel conversions valued at more than $500,000. These orders were received from several certified dealers and customers who intend to install APG's dual fuel system on forty-two heavy-duty trucks. The certified dealers intend to distribute these dual fuel trucks to more than thirty prospective customers so that they may evaluate the costs savings and benefits of APG's V5000 Dual Fuel Turbocharged Natural Gas(TM) System. Eighteen of these systems were shipped in September with the balance scheduled to be delivered within the next sixty to ninety days.
Lyle Jensen, American Power Group Corporation's President and Chief Executive Officer, stated, "With the eighty-eight EPA Over Useful Life ('OUL') engine family approvals received since May 1, 2012, we are entering the next phase of our production roll-out. The forty-two trucks in this most recent order will be evaluated by fleet owners who operate fleets ranging from hundreds to thousands of trucks. Because the units ordered encompass both CNG and LNG configurations, we are looking forward to receiving important feedback from fleet operators who return to a home base daily as well as long haul routes."
Mr. Jensen further commented, "We are working to complete all remaining EPA OUL emission testing in the next few months, to bring our total to approximately two hundred OUL engine families, representing a multi-million dollar market opportunity. Concurrently, we have begun our Intermediate Age (IUL) testing at the University of Houston Diesel Test Center and anticipate completing our first IUL test within the next 60 days. We believe APG's aftermarket dual fuel technology is the key stepping stone for thousands of fleet owners to gain the economic benefits of the price spread between diesel fuel and natural gas while also enjoying the flexibility and comfort level of diesel-like performance."

Tuesday, October 9, 2012

APG to Present at Green Transportation Conference



American Power Group today announced that Lyle Jensen, President and Chief Executive Officer, will be one of the featured lunchtime presenters at the Green Transportation Conference, scheduled to take place on Wednesday, October 24 at the Sheraton Portland Airport Hotel in Portland, Oregon. Mr. Jensen will provide an overview of APG's operations, dual fuel technology, EPA approvals of engine families, and other industry achievements. In addition, a customer vehicle which has been up-fitted with APG's dual fuel solution will be on display at the conference.
The Green Transportation Conference is an alternative fuels and fleet modernization event and organizers anticipate that more than 450 fleet owners and managers will be in attendance.
About American Power Group Corporation American Power Group's alternative energy subsidiary, American Power Group, Inc., provides a cost-effective patented Turbocharged Natural Gas(TM) conversion technology for aftermarket vehicular, stationary and off road mobile diesel engines. American Power Group's dual fuel technology is a unique non-invasive energy enhancement system that converts existing diesel engines into more efficient and environmentally friendly engines that have the flexibility to run on: (1) diesel fuel and liquefied natural gas; (2) diesel fuel and compressed natural gas; (3) diesel fuel and pipeline or well-head gas; and (4) diesel fuel and bio-methane, with the flexibility to return to 100% diesel fuel operation at any time. The proprietary technology seamlessly displaces up to 80% of the normal diesel fuel consumption with the average displacement ranging from 40% to 65%. The energized fuel balance is maintained with a proprietary read-only electronic controller system ensuring the engines operate at original equipment manufacturers' specified temperatures and pressures. Installation on a wide variety of engine models and end-market applications require no engine modifications unlike the more expensive invasive fuel-injected systems in the market. See additional information at: www.americanpowergroupinc.com 


News update brought to you by Etrade

Wednesday, August 22, 2012

Extra Extra GMTI is now APGI

American Power Group has been re-listed in the stock marker at APGI so that we the potential investor will be able to find it more easily.
American Power Group is a small company located in north central Iowa and they have an EPA certified duel fuel engine.
Current projects include the production of generators to power the massive engines used in "fracking" (A topic I will discuss later)
APGI is an awesome stock to buy....especially if you support local businesses and a greener engine.

Check them out on Etrade
APGI