CARLISLE, IA--(Marketwire - November 29, 2010) - GreenMan Technologies, Inc. (
Ernie Knight, Vice President of Green Tech Products, Inc., commented, "This year marks the 20th anniversary of the signing of the Americans with Disabilities Act, a benchmark that renews the emphasis on ADA compliance. Likewise, the U.S. Department of Justice has recently signed revised ADA regulations and we believe this will lead to an increased focus on ADA compliance in school districts across the country. We look forward to our continued partnership with Missouri schools and to assisting their ADA self-evaluations and in the development of transition plans to bring programs and facilities into compliance without outside mandates. DacTrak is a revolutionary ADA compliance software platform that we believe will greatly enhance the ability of Missouri School Districts in preparing their required compliance to the new regulations."
In May 2010 GreenTech Product's entered into a sales and marketing agreement with DAC for the worldwide commercialization of their unique web based compliance software platform and inspection methods. Headquartered in Las Vegas, Nevada, DAC is a respected leader in providing "accessibility compliance" software products, consulting services and expertise to ensure their clients are in compliance with the federally mandated ADA and related federal, state and local codes. The Americans with Disabilities Act of 1990 ("ADA") mandates that facilities in the United States provide equal access for individuals with disabilities. DAC's dynamic software platform, "DACTrak," simplifies and expedites the evaluation and transition plan process for compliance with ADA and state accessibility regulations. DAC's inspectors or the client, when appropriately trained, can perform an on-site interactive evaluation using a handheld computer tablet utilizing DACTrak. Upon completion of the inspection, the data is uploaded via a secure internet connection to DAC's servers for processing and selecting the applicable state and federal codes. Within minutes a detailed assessment report is available for review. In addition, DAC's web based solution allows a client to view, interact and manage their compliance data on a real time basis in a user friendly format. In contrast, a majority of ADA compliance inspections today take a considerable amount of time to complete; transition plan reports are long paper documents that must be updated manually and are typically difficult to use and understand.
Tim Mahoney, President of Green Tech Products, added, "Based on U.S. Census Bureau's estimate that 54 million people in the United States have some form of disability, the need for DAC's dynamic and cost effective ADA compliance solution has never been greater. We have witnessed significant momentum in the ADA legislation over the past couple of years with the 2008 ADA Amendments Act broadening the definition of a person with a 'disability' and the recently signed 2010 ADA regulations broadening the types of facilities which must comply with the ADA." Mr. Mahoney added, "We have also seen a significant increase in enforcement efforts by the Department of Justice and ADA litigants to ensure greater compliance to this federal law, especially in the public education and hospitality sectors. We are working to make the DACTrak solution the standard by which all others are compared to."
About GreenMan Technologies
GreenMan Technologies, through its subsidiaries, provides technological processes and unique marketing programs for alternative energy, renewable fuels and innovative recycled products. The Company's alternative energy subsidiaries, American Power Group, Inc. (APG) and APG International, Inc. (APGI) provide a cost-effective patented dual fuel technology for diesel engines. APG's dual fuel alternative energy system is a unique external fuel delivery 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 compressed natural gas ("CNG"); 2) diesel fuel and bio-methane, or 3) 100% diesel fuel depending on the circumstances. The proprietary technology seamlessly displaces up to 65% of the normal diesel fuel consumption with CNG or bio-methane and the energized fuel balance between the two fuels is maintained with a patented control system ensuring the engines operate to Original Equipment Manufacturers' ("OEM") specified temperatures and pressures with no loss of horsepower. Installation requires no engine modification unlike the more expensive high-pressure alternative fuel systems in the market. Our Green Tech Products, Inc. subsidiary develops and markets branded products and services that provide schools and other political subdivisions viable solutions for safety, compliance, and accessibility including recycled surfacing. See additional information at: www.greenman.biz, www.americanpowergroupinc.com, and www.playgroundcompliance.com.
"Safe Harbor" Statement: Under the Private Securities Litigation Reform Act
With the exception of the historical information contained in this news release, the matters described herein contain "forward-looking" statements that involve risks and uncertainties that may individually or collectively impact the matters herein described, including but not limited to the fact that we have sold the tire recycling operations which have historically generated substantially all our revenue and that we will be prohibited from competing in that business on a regional basis until 2013; the risk that we may not be able to increase the revenue or improve the operating results of our Green Tech Products or American Power Group divisions; the risk that we may not be able to return to sustained profitability; the risk that we may not be able to secure additional funding necessary to grow our business, on acceptable terms or at all; the risk that if we have to sell securities in order to obtain financing, the rights of our current stockholders may be adversely affected; the risk that we may not be able to increase the demand for our products and services; the risk that we may not be able to adequately protect our intellectual property; and risks of possible adverse effects of economic, governmental, seasonal and/or other factors outside the control of the Company, which are detailed from time to time in the Company's SEC reports, including the Annual Report on Form 10-K for the fiscal year ended September 30, 2009. The Company disclaims any intent or obligation to update these "forward-looking" statements.
Contact Information:
Contacts:
Chuck Coppa
CFO
or
Lyle Jensen
CEO
GreenMan Technologies
781-224-2411
Investor Relations Contacts:
Jennifer Belodeau or John Nesbett
Institutional Marketing Services (IMS)
203- 972-9200