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American Power Group Corporation (APGI) develops dual fuel diesel engine conversion technology through its American Power Group Inc. subsidiary. Its patented hardware and software systems allow high-horsepower diesel engines to displace diesel fuel with natural gas, including renewable natural gas, compressed natural gas, liquefied natural gas, captured flare-stack methane, and conditioned well-head gas.
Company news centers on EPA engine-family approvals, CARB Executive Orders, V7000 and S4000 dual fuel system applications, Class 8 truck conversions, stationary and off-road prime power installations, and emergency back-up power uses. Updates also cover renewable natural gas policy and industry events, fleet and power-generation market applications, cumulative run-hour milestones, and capital structure actions such as private placements.
American Power Group Corporation (OTC PINK: APGI) urged President Biden to promote renewable natural gas (RNG) for heavy-duty trucks, highlighting that it could reduce over one billion tons of CO2 annually. The company boasts a decade of experience with dual fuel technology and over 500 EPA approvals, asserting its technology's capability to retrofit diesel engines to utilize 55% cleaner RNG. This move could significantly impact emissions reduction and support the agricultural sector, pending government backing for RNG production.
American Power Group Corporation (APGI) announced a $1.4 million follow-on order from Comanche Gas Solutions for their S4000 dual fuel systems, expected to ship by December 31, 2021. Over the past 24 months, more than 200 diesel frack engines and pumps have been converted to dual fuel, strengthening APG's position in the fracking market. CEO Chuck Coppa highlighted increasing demand due to ESG initiatives and compliance testing starting for Tier IV diesel engines, which showed emissions 45% to 54% below EPA standards. The company has additional $2.5 million in outstanding customer quotes.
American Power Group Corporation (Pink: APGI) filed its Annual Report for the fiscal year ending September 30, 2020, on the OTCIQ platform, receiving a new designation of "Pink Limited Information." CEO Chuck Coppa announced a 171% increase in net sales, totaling $5.47 million, primarily from the oil/gas fracking sector. The company also launched its V6000 Low-Carbon Dual Fuel solution, aimed at reducing emissions in the trucking industry. However, anticipated net sales for the fiscal year ending September 30, 2021, are projected at about $2.6 million, indicating potential fluctuations in revenue.
American Power Group Corporation (OTC Pink: APGI) announced the launch of its V6000 low-carbon vehicular dual fuel solution aimed at converting Class 8 diesel trucks to low-carbon or negative-carbon fleets using renewable natural gas (RNG). An independent review by EcoEngineers confirmed that the solution can achieve a carbon intensity score of -104 to -145 gCO2e/MJ, potentially reducing CO2 emissions by 500 to 610 metric tons annually per vehicle. The company estimates a substantial market opportunity, proclaiming significant environmental benefits by converting existing diesel trucks.
American Power Group Corporation (APGI) has launched its V6000 low-carbon dual fuel solution for Class 8 diesel trucks, targeting a transition to greener fleets using renewable natural gas (RNG). An independent review by EcoEngineers validated the potential for a carbon intensity score between -104 to -145 gCO2e/MJ. This solution could reduce CO2 emissions by 500 metric tons per vehicle annually, contributing to an estimated 1 billion metric tons of CO2 reduction across the U.S. trucking industry. The conversion is projected to offer a 14X reduction in diesel use while meeting ESG objectives.
Algona, IA, Sept. 01, 2021 – American Power Group Corporation (OTCPink: APGI) provided a corporate update detailing significant developments. CEO Chuck Coppa announced a reduction of approximately $8.6 million in long-term debt since June 2017 and an investment of $850,000 in the upcoming V6000 vehicular solution, set to launch soon. The company has pivoted towards the fracking market for revenue. Recent changes in the board include the resignation of Chairman Ken Losch, with Matt Van Steenwyk taking over. Additionally, authorized shares increased from 700 million to 995 million ahead of new SEC disclosure rules.