SOURCE: GreenMan Technologies, Inc.

GreenMan Technologies, Inc.

August 26, 2009 09:00 ET

GreenMan Technology's Subsidiary Receives New ADA and Green Innovative Product Award

CARLISLE, IA--(Marketwire - August 26, 2009) - GreenMan Technologies, Inc. (OTCBB: GMTI) today announced that its subsidiary, National Playground Compliance Group ("NPCG"), was the first recipient of the "ADA and Green Innovative Product Award" given by the Great Plains ADA Center at this summer's National ADA symposium in Kansas City, Missouri.

Jim DeJong, Executive Director of the Great Plains ADA Center, stated, "NPCG's rubber tile surfacing products meet all ADA accessibility guidelines providing access to children and parents and have been proven to significantly reduce playground injuries." Mr. DeJong added, "NPCG is one of those rare, forward thinking companies that fully understands the complexities of working with government and how to integrate both policy and business solutions into valuable offerings. They developed green technologies that integrate accessibility into its overall design and they also create other policy solutions such as child safety, inclusion and environmental stewardship. We applaud them for their valuable contributions to our mission and we are very excited to have them be our first award recipient." Senator Tom Harkin (D-IA) was also given special recognition along with NPCG at the symposium for his instrumental role in the passage of the 2008 ADA Amendments Act.

Lyle Jensen, GreenMan's Chief Executive Officer, stated, "We are honored to receive this prestigious award from the Great Plains ADA Center at the National ADA Symposium. The ADA community is a passionate, educated and organized constituency that is continually seeking improved policy and technology to serve its needs. We are very encouraged that our products and methods are being recognized as quality solutions on a national scale."

Tim Mahoney, NPCG's President, added, "This award indicates a strong validation of the NPCG's products and methods. We look forward to working with Senator Harkin, the Great Plains ADA center and our other partners in the coming months to create new opportunities that will further each of our missions."

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 subsidiary, American Power Group, Inc. (APG) provides a cost-effective patented duel 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 70% 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 subsidiary, the company develops and markets branded products and services that provide schools and other political subdivisions viable solutions for safety, compliance, and accessibility including recycled surfacing.

"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 facts that we have sold the tire recycling operations which have historically generated substantially all our revenue, the risk that we may not be able to increase the revenue of our Green Tech Products the risks that we may not be able to identify and acquire complementary businesses and that we may not be able successfully to integrate any such acquisitions with our current businesses, 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, and the 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-KSB for the fiscal period ended September 30, 2008. The Company disclaims any intent or obligation to update these "forward-looking" statements.

Contact Information

  • GreenMan Contacts:
    Chuck Coppa
    CFO
    Lyle Jensen
    CEO
    781-224-2411

    Investor Relations:
    Jennifer Belodeau
    John Nesbett
    Institutional Marketing Services
    203-972-9200