LYNNFIELD, MA -- (Marketwire) -- 07/31/12 -- GreenMan Technologies, Inc. (OTCQB: GMTI) subsidiary American Power Group Inc. (APG) is providing the text of a press release issued by their partner, Kleenheat Gas (Kleenheat), which discusses the features of their collaborative EVOL LNG New Dual Fuel System. The full Kleenheat press release follows:
Accessing the many benefits of natural gas as a transport fuel is now easier following the partnership of Kleenheat Gas' EVOL LNG and engine technology company American Power Group Inc.
The two have teamed up to bring the patented V5000HD natural gas -- diesel dual fuel technology to the Australian market, offering operators of medium and heavy duty vehicles a simple yet efficient conversion that can provide reduced emissions levels and running cost savings without loss of power.
The aftermarket conversion is available from EVOL LNG and can either be set up as a diesel -- LNG (liquefied natural gas) or diesel -- CNG (compressed natural gas) conversion.
The V5000HD system burns diesel and natural gas simultaneously, typically at an average 40-50 per cent diesel fuel substitution rate. Peak substitution can be much higher.
After the conversion, the vehicle can either operate on the two fuels simultaneously or shift seamlessly to run on 100 per cent diesel should the vehicle be away from the refueller network.
Simplicity is one of the key features, providing a reliable and low cost system. All conversion hardware is mounted externally of the engine and does not interfere with the engine integrity or design. The technology has been developed to maintain OEM specifications of all engine parameters including coolant, oil, exhaust gas and intake air temperatures.
Kleenheat Gas General Manager Graham Smith said the V5000HD system had undergone extensive testing and product improvement needed for Australian conditions prior to its commercial release. 'This technology is US EPA-approved and is available in the United States,' Mr. Smith said.
'Our own testing and customer trials in Australia have been extremely successful giving us confidence in the suitability of the conversion for Australian conditions. Operators and fleet owners can also rest assured in the knowledge that they are dealing with an experienced, professional and reputable company in Kleenheat Gas, a division of Wesfarmers Chemicals, Energy and Fertilisers.'
The V5000HD system is suitable for fitment onto a wide range of diesel commercial vehicle engines. However, prior to converting, EVOL LNG will review the suitability of the dual fuel system to a customer's specific application. The conversion can be performed in a matter of days by EVOL LNG certified installers, leading to minimal downtime. Initially, certified installers will be located in Perth and Melbourne. EVOL LNG also offers LNG training, advice, service, troubleshooting and repairs if required. A further benefit of the V5000HD is that it can be transferred to another vehicle should the original truck's life cycle be complete.
About GreenMan Technologies
GreenMan's alternative energy subsidiary, American Power Group, Inc., provides a cost-effective patented Turbocharged Natural Gas? conversion technology for aftermarket vehicular and stationary diesel engines and diesel generators. 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.greenman.biz and www.americanpowergroupinc.com.
Caution Regarding Forward-Looking Statements and Opinions
With the exception of the historical information contained in this release, the matters described herein contain forward-looking statements and opinions, including, but not limited to, statements relating to new markets, development and introduction of new products, and financial and operating projections. These forward-looking statements and opinions are neither promises nor guarantees, but involve risk and uncertainties that may individually or mutually impact the matters herein, and cause actual results, events and performance to differ materially from such forward-looking statements and opinions. These risk factors include, but are not limited to, results of future operations, difficulties or delays in developing or introducing new products and keeping them on the market, the results of future research, lack of product demand and market acceptance for current and future products, adverse events, product changes, the effect of economic conditions, the impact of competitive products and pricing, governmental regulations with respect to emissions, including whether EPA approval will be obtained for future products and additional applications, the results of litigation, factors affecting the Company's future income and resulting ability to utilize its NOLs, and/or other factors, which are detailed from time to time in the Company's SEC reports, including the report on Form 10-K for the year ended September 30, 2011 and the Company's quarterly reports on Form 10-Q. Readers are cautioned not to place undue reliance on these forward-looking statements and opinions, which speak only as of the date hereof. The Company undertakes no obligation to release publicly the result of any revisions to these forward-looking statements and opinions that may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
GreenMan Technologies, Inc.
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