American Power Group Corporation - APGI STOCK NEWS

American Power Group (APGI) reports a significant increase in revenue for the first half of fiscal 2024, with a 267% rise in quarterly revenue and a 193% increase in year-to-date revenue compared to the previous year. The company attributes this growth to its expanding market share in the dual fuel stationary conversion market for frack engines in the oil and gas production sector. Despite a net loss for the period, APG remains focused on enhancing its technology and expanding its engine family approvals. The company's innovative S4000 technology has garnered a strong reputation for high performance and cost-effectiveness in the dual fuel industry. APG's CEO/CFO highlights the potential of the V7000 dual fuel vehicular solution as a game-changer in decarbonization efforts, with plans for co-marketing partnerships and participation in industry conferences to showcase the technology's environmental benefits.

American Power Group Corporation (APGI) announces Gold Sponsorship role of the National Star Route Mail Contractors Association's 2024 Las Vegas Convention. CEO/CFO Chuck Coppa to present on dual fuel solutions for Class 8 trucks. APG's V6000 Dual Fuel System offers up to 65% natural gas substitution, lowering diesel-related pollutants and carbon footprint.

American Power Group Corporation (APGI) has received approximately $1.26 million of follow-on orders for its Dual Fuel Technology, with a recent $950,000 order anticipated to ship in January. The technology seamlessly introduces natural gas into the induction system of a diesel engine, displacing up to 65% of the diesel fuel. APG's CEO/CFO, Chuck Coppa, expressed optimism for future orders and highlighted the impact of the technology on operating costs, emissions, and carbon footprint.

APG (American Power Group Corporation) (APGI) announces the granting of a new patent for a Multi-Fuel, Range Extending Power Generation Propulsion System. CEO/CFO Chuck Coppa highlights the importance of this patent in enhancing the company's technical capabilities and product offerings, with potential benefits including reduced emissions, increased efficiency, and potential fuel savings of 25% to 30%. The company also plans to evaluate existing electrification enhancement solutions for hybrid capability development.

American Power Group Corporation (APG) will be discussing their V6000 Dual Fuel Technology for existing Class 8 diesel-powered trucks at the AltWheels Fleet Day. The V6000 provides the ability to realize meaningful net fuel savings of 20% to 30% based on current average fuel pricing. APG believes their system is the most affordable and effective alternative fuel solution for existing Class 8 trucks available today.

American Power Group Corporation (APG) has signed a collaborative agreement with Nat G® CNG Solutions to market and service APG's low carbon V6000 Dual Fuel diesel engine conversion solutions for heavy-duty Class 8 trucks. Nat G® is a leading provider of alternative fuel systems, and their primary service coverage area includes Texas, Oklahoma, New Mexico, and Louisiana.