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Showing posts with label American Power Group. Show all posts
Showing posts with label American Power Group. Show all posts

Tuesday, January 14, 2014

Interesting things to know about the APG dual fuel system



American Power Group
Here is the cool stuff

APG's dual fuel system converts diesel engines and diesel generators to function more efficiently and at a lower operating cost (net fuel cost savings of 25% - 35%) by seamlessly displacing 40%-70% of the normal diesel fuel consumption with CNG, LNG, or bio-methane. 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 pulling torque and will assist in extending the engine's oil life as natural gas is a cleaner burning fuel compared to diesel.

Tuesday, December 17, 2013

A quick word about American Power Group


About American Power Group






American Power Group’s innovative dual fuel system reduces operating costs, lowers emissions and
harnesses the potential of renewable energy sources. Realizing the potential for more cost-efficient,
greener and cleaner fuels aligns with stimulus initiatives for new energy solutions. Through the science
of combustion, we create systems for stationary and backup power, as well as commercial transportation
that reduces our dependency on imported oil and puts Americans back to work.

They are currently trading on the stock market @

APGI:OTCQB


A good american company trying to do something good for the world.

Sunday, December 15, 2013

American Power Group Presents at the Benchmark Micro Cap Discovery Investor Confrence

American Power Group - APGI



LYNNFIELD, MA--(Marketwired - Dec 4, 2013) - American Power Group Corporation (OTCQBAPGI) announced today that Chuck Coppa, Chief Financial Officer, will participate in The Benchmark Company Micro Cap Discovery Investor Conference at the Palmer House Hilton Hotel in Chicago, IL. Mr. Coppa will be available for one-on-one meetings with the investment community on Wednesday, December 11th. Please contact The Benchmark Company organizers if you would like to arrange a meeting (www.benchmarkcompany.com).
About The Benchmark Company, LLCHeadquartered in NY with 11 offices across the country, The Benchmark Company, LLC ("Benchmark") is an institutional brokerage firm that provides Research, Sales, Trading and Investment Banking services to public companies and their investors. To learn more about the 2013 Benchmark Company Micro Cap Discovery One-on-One Investor Conference in Chicago, please visit www.benchmarkcompany.com  or call Director of Corporate Access Vince Curatola at 414-203-5556
About American Power Group CorporationAmerican Power Group's alternative energy subsidiary, American Power Group, Inc., provides a cost-effective patented Turbocharged Natural Gas™ conversion technology for 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.

Thursday, December 12, 2013

American Power Group - The Dual Fuel Engine that Could

APGI - American Power Group INC
American Power Group (OTCQB:APGI) presents a long investment opportunity whose entry point for the wise long is now. The APG story is compelling. What makes it more compelling is the story's setting… the current flash point of growth in the use and availability of natural gas. I outline all of this in great detail in my Seeking Alpha Instablog post on APGI.
Yet, a micro-cap having a story doesn't mean they have the means to bring that story to fruition, or that they will avoid doing so on the weary, diluted backs of early investors. APGI stands at the turning point of cash-positivity, even pending profitability, and uniquely has the resources and business plan to be the micro-cap story that succeeds.
How is this so?
APGI has already completed a vast majority of the costly "heavy lifting" needed for a successful rollout of its superior and perfectly-timed diesel/natural gas conversion units. This includes spending the millions of dollars needed to have accomplished all of:
  • The testing and applications to receive an industry-insurmountable number of OUL engine family approvals from the EPA (~450). The Company is working to become the first retrofit technology to obtain IUL approval and estimates the cost to complete the top four engine families to be around $500K.
  • Full patent protection of their technologies and methods
  • Establishing the crucial partnership with The Wheeltime Network and the costs related to technician and authorized dealer training
  • Establishing manufacturing capabilities
  • Hiring appropriate support and sales staff at the company level
  • Proactively facilitating the solidification of the share base into a solid, company-friendly group of major holders and retail investors
  • The costs of many years and millions of breakdown-free miles on their dual fuel vehicular evaluation units and stationary use evaluation units (e.g. fracking rigs)
  • Establishing major partnerships with leading companies in the natural gas realm, such as Blu and Evol
As such, the company's capital expenditure budget for the coming year and beyond will see a dramatic decrease. For APGI to gain EPA approval for the one remaining OUL engine family, and the four IUL engine families they seek for their business plan, the total remaining outlay will be a only about $500,000.

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, June 14, 2013

A moment on reliable energy from American Power Group

American Power Group
Straight from the website for Dual Fuel Reliable Power at APG,


About 1,200 people live and work at the campus.
The facility has three 725 kw engines for on-site generation, giving it added security and the ability to “peak shave.” When power rates are at their peak, the facility shaves its bill by generating its own electricity.
Two of the generators run on 100 percent natural gas. The third, a diesel generator, was converted to APG’s Dual fuel. Converting to Dual fuel is cheaper than converting to 100 percent natural gas, since it does not alter the way the engine works. And Dual fuel allows the engine to use 100 percent diesel if natural gas supplies are interrupted.
“In case of emergency, we have the flexibility of using diesel to keep our emergency systems running,” says Juan Mata, plant manager of the Watchtower complex. “Dual fuel allows us to perform without interruption. We have both flexibility and security.

This may not be the absolute solution but we have an abundance of natural gas in America.
Stock symbol APGI

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

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."

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

Monday, June 25, 2012

GMTI (Greenman) announces favorable emissions tests

GreenMan Technologies, Inc. (GMTI) announced that its American Power Group, Inc. (APG) subsidiary has recently met the emissions testing requirements necessary to begin selling our dual fuel conversion system for selected high-horsepower non-road compression ignition (NCRI) engine families, which are primarily used in multi-stage fracturing of shale gas and shale oil recovery.

Lyle Jensen, GreenMan's CEO, stated, "During the past fifteen months, we have gone from two initial installations in the oil and gas industry to over forty-five retrofits to-date. These successes have positioned APG as a market leader in retrofitting the most popular lower horsepower 1475 HP engines traditionally used by the major oil and gas exploration companies. As a result of this success and compelling economic returns, we have been approached by many of the top oil and gas exploration companies regarding our ability to retrofit the high horsepower engines. Today's announcement is an important milestone in our ongoing effort to increase revenue and our exposure to the oil and gas exploration industry. We now have a clear legal path to begin accepting pre-production test orders from customers on the newer diesel pump engines (IUL) being deployed."
Mr. Jensen added, "While a traditional oil and gas drilling site operates three diesel engines, a typical hydraulic fracturing site is comprised of up to twenty high horsepower diesel pumps like the one described above. Our initial target market is the estimated 2,000 new high horsepower diesel pumps being deployed by the hydraulic fracturing industry annually in the United States."

 Their stock is open to public trade...if you are interested in supporting a dual fuel engine built right here in Iowa then look into GMTI.

GMTI supports APG (American Power Group) more and more every passing year. This company is located here in the Midwest. In fact its main facility is in Algona, Iowa. That is one of those good old towns where everybody knows everybody. It is good to know the money for this Dual Fuel system is not going to be going over seas or even to another state....its all staying right here in the Midwest to help support our economy.

Tuesday, April 10, 2012

American Power Group 10% increase

LYNNFIELD, MA--(Marketwire -02/15/12)- GreenMan Technologies, Inc. (OTCQB: GMTI.PK - News) (Pinksheets: GMTI.PK - News), today announced results for the three months ended December 31, 2011. Revenues at the company's American Power Group (APG) dual fuel subsidiary increased to $396,000 from $360,000 for the same quarter last year.
Lyle Jensen, GreenMan's President and Chief Executive Officer commented, "Overall, this was a solid quarter for our Company, in which we continued to drive revenue growth both compared to last year and sequentially. As our dual fuel technology gains acceptance domestically and internationally, we are making steady progress toward profitability and positive earnings performance. On the stationary front, the use of our technology in aftermarket upgrade applications in the oil and gas industry has demonstrated successful field performance and also provides a favorable economic model which has driven demand for our solution, creating a robust conversion pipeline. In the domestic vehicular market, we believe that the recent changes in EPA aftermarket regulations leave us uniquely positioned to capitalize on conversion opportunities and we currently have three engine families under EPA exemption that are scheduled to go through emissions testing shortly. We anticipate fully launching our vehicular conversion strategy during spring 2012."
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.

Monday, April 9, 2012

GMTI - American Power Group 151% increase

Check out their Website
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.