American Power Group Receives $600,000 in Additional Dual Fuel Orders
American Power Group has received follow on purchase orders from two of its top U.S. customers for APG V5000 Turbocharged Natural Gas Systems and supporting CNG fueling systems. These new orders, which total over $600,000, are expected to ship during the second and third quarters of 2016 and will bring the two customers’ collective APG dual fuel truck fleets to over one hundred units.
“Our vehicular efforts are benefiting from a recent Congressional approval of an alternative fuel excise tax credit of $0.50 per gallon retroactive to 2015 and in place for 2016,” said Lyle Jensen, American Power Group Corporation’s CEO. “In addition, a recent federal law change provides that LNG will be taxed on its BTU value which reduces the federal fuel tax by $0.17 per gallon.”
APG says it continues to provide state regulatory agencies, especially those in California, with emission reduction data of its dual-fuel technology to show it is a proven and immediate solution in meeting emission reduction mandates.