SOURCE: American Power Group Corporation

American Power Group Corporation

March 11, 2014 09:00 ET

American Power Group, Inc.'s WheelTime Dealer Receives an Initial Order for 10 APG Dual Fuel Conversions From W.W. Transport

LYNNFIELD, MA--(Marketwired - Mar 11, 2014) - American Power Group Corporation (OTCQB: APGI) announced that its subsidiary, American Power Group, Inc. ("APG") has been notified by its regional WheelTime Dealer, Clarke Power Services, of an order for ten APG Turbocharged Natural Gas Systems™ from W.W. Transport, Inc. The order will be filled from Clarke Power's existing inventory of dual fuel conversion kits.

W.W. Transport, Inc. was founded in 1991and provides transportation services coast to coast. They are headquartered in West Burlington, IA. In addition to normal hauling of flatbed and heavy-haul type business, W.W. Transport, Inc. specializes in its award winning food-grade bulk hauling of both liquid and dry bulk as well as a refrigeration division.

Kyle Weuve, W.W. Transport's Chief Financial officer, stated, "We are making a major commitment to natural gas vehicles with one CNG fill station up and running in Wood River, IL and a second CNG fill station under construction. We plan to operate a fleet of both dedicated and dual fuel natural gas vehicles based on the best match of power and load. We became very interested in APG Turbocharged Natural Gas Systems™ due to its operational economics and ability to handle the heavier loads with no loss of power and torque. We look forward to getting all of our initial ten APG Turbocharged Natural Gas Systems™ on the road and we expect to expand our fleet with more in the future."

Lyle Jensen, American Power Group Corporation's Chief Executive Officer, stated, "W.W. Transport, Inc. is a prime example of a fleet that has a true appreciation of the economical and environmental benefits of how natural gas vehicles can deliver measurable savings and provide a competitive advantage. Their investment in fueling stations, dedicated natural gas engines, and the APG Turbocharged Natural Gas System™ demonstrates a logical balance of matching natural gas engine solutions to the various route profiles and load demands of moving today's freight."

Mr. Jensen added, "The APG system should be a perfect match for their medium to heavy-haul loads and we are happy to see larger initial order quantities coming from owners that have experience in utilizing natural gas vehicles in their fleets." 

About WheelTime Network LLC
Established in 2004 as a strategic alliance among all North American Detroit Diesel-Allison distributors, the founding goal of the WheelTime Network was to adopt and implement a common set of quality metrics that would help members monitor and continually enhance specific service performance criteria as defined by their customers. Each WheelTime member is an equity owner in the Network and has a vested interest in achieving WheelTime's exclusive truck repair service metrics and standards. Over $11 million in systems and staffing resources has been invested by the 18 member Network to create and manage systems and metrics that enhance repair quality, service consistency and customer satisfaction on all-makes of truck repairs. In addition to more than 30 training facilities and more than 200 service centers located across the U.S., Canada and Australia, WheelTime members also offer mobile repair services and on-site truck care through more than 1,500 service vehicles. WheelTime strives to be easy to do business with while remaining focused on speed and customer priorities as it drives toward delivery of a consistent experience everywhere. For more information about WheelTime, or to find the nearest service location, log on to: Clarke Power Services, Inc. is one of WheelTime's 18 Member Companies.

About Clarke Power Services, Inc.
Clarke Power Services, Inc. ("Clarke") is a commercial vehicle maintenance provider that is celebrating a 50 year track record of delivering value to the transportation and service industries. Clarke is committed to working with light, medium, and heavy duty fleets of all types and sizes, whether in over-the-road long haul, regional, or local pickup and delivery. Their 25 locations are conveniently located in nine states in the Mid-West, South, and East Coast. Clarke is a member of the WheelTime Network and uses the WheelTime Performance Metric System to provide consistent quality on on-time completions. Clarke specializes in Detroit Diesel, MTU, Mercedes Benz Trucks, Allison Transmissions, and Sterling Trucks. Clarke became an APG Vehicular V5000 Dual Fuel Authorized Dealer and Certified Installer in early-2013. 

About American Power Group Corporation
American 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 75% 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:

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, the fact that our dual fuel conversion business has lost money in the last five consecutive fiscal years, the risk that we may require additional financing to grow our business, the fact that we rely on third parties to manufacture, distribute and install our products, we may encounter difficulties or delays in developing or introducing new products and keeping them on the market, we may encounter lack of product demand and market acceptance for current and future products, we may encounter adverse events economic conditions, we operate in a competitive market and may experience pricing and other competitive pressures, we are dependent on governmental regulations with respect to emissions, including whether EPA approval will be obtained for future products and additional applications, the risk that we may not be able to protect our intellectual property rights, factors affecting the Company's future income and resulting ability to utilize its NOLs, the fact that our stock is thinly traded and our stock price may be volatile, the fact that we have preferred stock outstanding with substantial preferences over our common stock, the fact that the conversion of the preferred stock and the exercise of stock options and warrants will cause dilution to our shareholders, the fact that we incur substantial costs to operate as a public reporting company and other factors that 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, 2013 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.

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