American Power Group has received a follow-on vehicular conversion purchase order, valued at approximately US$ 660,000, from its in-country dealer.
While the country, quantity and end-customer have not been disclosed, the units are destined for one customer who had previously ordered 20 conversion systems. The follow-on units will be shipped during the first three quarters of calendar 2015.
Lyle Jensen, American Power Group's CEO, commented: "Our international vehicular conversion revenue in fiscal 2014 grew 53% over the prior year and was heavily influenced by early-adopter revenue from customers in Colombia, Dominican Republic, Mexico and Peru. Dual fuel conversions include heavy-duty trucks, busses and cement mixers with several of the largest construction and energy management companies in Latin America and the world.
"This follow-on order alone represents 155% of all international vehicular revenue last year. Favorable diesel to natural gas price spreads and emerging carbon footprint sustainability standards are driving the demand for a lower emission alternative fuel.”
Jensen continued: "APG has designed their APG V-1000 and APG V-3000 international dual fuel systems to competitively address the different heavy-duty diesel engine technologies and non-CanBus diesel engine technologies we encounter in some of our international markets. Last year's early-adopter testing has validated APG's superior performance over other international dual fuel systems through better net fuel savings due to higher average displacement, better power and torque performance and much higher up-time. APG's growing reputation in Latin American is generating a growing number of inquiries and leads and with thousands of heavy-duty trucks, buses and cement mixers operating in Latin America we see additional vehicular opportunities on the horizon."
Adapted from press release by Katie Woodward
Read the article online at: https://www.lngindustry.com/small-scale-lng/12112014/apg-receives-dual-fuel-conversion-order-1779/