ALGONA, IA / ACCESSWIRE / September 29, 2023 / American Power Group Corporation ('APG') (OTC PINK:APGI) announced they will be discussing their V6000 Dual Fuel Technology for existing Class 8 diesel-powered trucks at the 20th Annual AltWheels Fleet Day to be held October 2, 2023, at the Four Points by Sheraton Hotel in Norwood, MA. APG's CEO/CFO, Chuck Coppa will be hosting a 'Lunch With Experts' luncheon discussion titled 'Turning Back The Carbon Clock on Class 8 Trucks'.
AltWheels is a nonprofit 501(c)(3) organization with a mission to build a 'Sustainable Transportation and Energy Vision for the 21st Century.'
APG will be presenting a practical, affordable, and proven alternative fuel solution for fleets to convert their existing Class 8 trucks with APG's V6000 Dual Fuel System. The V6000 provides the ability to realize meaningful net fuel savings through the substitution of natural gas for diesel, while significantly lowering diesel-related criteria pollutants and carbon footprint. APG has an industry-leading 500+ EPA approvals and multiple CARB Executive Orders for vehicular solutions.
Chuck Coppa, APG's CEO/CFO commented, 'With a cost-effective conversion price of approximately $10,000 per truck plus a nominal monthly cost of a leased natural gas tank, we strongly believe APG's V6000 Dual Fuel System is the most affordable and effective alternative fuel solution for existing Class 8 trucks available today. The ability to provide potential net fuel savings in the 20% to 30% range based on current average fuel pricing provides a fleet operator with a significant competitive advantage in their market.'
About American Power Group Corporation (www.americanpowergroupinc.com)
American Power Group's subsidiary, American Power Group Inc., ('APG'), provides cost-effective alternative fueling solutions for diesel engines to significantly reduce methane criteria pollutants and help accelerate a low-carbon future. APG's Dual Fuel conversion technology is a unique patented hardware and software solution that enables high-horsepower diesel engines to safely displace up to 65% of diesel fuel with natural gas. Engines equipped with APG's Dual Fuel technology can use renewable natural gas (RNG), compressed natural gas (CNG), liquefied natural gas (LNG), captured flare-stack methane and conditioned well-head gas resulting in lower cost, lower carbon, and lower criteria pollutant emissions. Additionally, APG's Dual Fuel conversion technology remains fully compatible with eligible biodiesel blends and renewable diesel fuels further reducing a diesel engine's carbon footprint and provide users with a proven regulatory compliant technology to meet their Environmental, Social and Corporate Governance ('ESG') objectives.
About AltWheels (www.altwheels.org)
AltWheels is a nonprofit 501(c)(3) organization with a mission to build a 'Sustainable Transportation and Energy Vision for the 21st Century.' AltWheels fulfills its mission by showcasing vehicle and fuel technologies, educating passenger and fleet consumers on best practices, promoting real choices that exist in the marketplace, and stimulating the demand for choices that will improve our health, air quality, and survival.
Caution Regarding Forward-Looking Statements and Opinions
The matters described herein contain forward-looking statements and opinions, including, but not limited to, statements relating to outstanding dual fuel conversion quotes for $3 million + and our ability to turn these quotes into actual orders. These forward-looking statements and opinions are neither promises nor guarantees but involve risks and uncertainties that may individually or mutually impact the matters herein, and cause actual results, events, and performance to differ materially from such forward-looking statements and opinions. These risk factors include, but are not limited to, the fact that we may not be able to convert the $3 million+ of quotes into actual orders, the fact our dual fuel conversion business has lost money in prior fiscal years and the risk that we may require additional financing to grow our business, the fact that we rely on third parties to manufacture, distribute and install our products, we may encounter difficulties or delays in developing or introducing new products and keeping them on the market, we may encounter lack of product demand and market acceptance for current and future products, we may encounter adverse events or economic conditions, we operate in a competitive market and may experience pricing and other competitive pressures, we are dependent on governmental regulations with respect to emissions, including whether EPA approval will be obtained for future products and additional applications, the risk that we may not be able to protect our intellectual property rights, factors affecting the Company's future income and resulting ability to utilize its NOLs, the fact that our stock is thinly traded and our stock price may be volatile, and the fact that the exercise of stock options and warrants will cause dilution to our shareholders. Readers are cautioned not to place undue reliance on these forward-looking statements and opinions, which speak only as of the date hereof. Except as required by law, the Company undertakes no obligation to release publicly the result of any revisions to these forward-looking statements and opinions that may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
Investor Relations Contact:
Chuck Coppa, CEO/CFO
American Power Group Corporation
SOURCE: American Power Group Corporation
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