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.