American Power Group (APG) has received notification from the U.S. Environmental Protection Agency that its V5000 dual fuel turbocharged natural gas conversion technology is approved for use in certain Volvo/Mack engines.
The Intermediate Useful Life (“IUL”) engine approvals are for D12, D13, E7 and MP8 engines built from 2004 to 2012 in 11.9L or 12.8L. The approval covers 28 engines in all.
These 28 IUL approvals include APG’s first dual fuel conversion approval of the selective catalyst reduction (“SCR”) engine technology which meets or exceeds the current stringent EPA OEM certified engine emission criteria (2010 and newer), APG said. These IUL approvals are in addition to APG’s 456 EPA approvals already received for Outside Useful Life (“OUL”) engines covering six of the top seven OEM engine platforms for model years from 2009 to the mid 1990’s.
“The magnitude and strategic importance of this first series of IUL approvals marks another important milestone for APG and has multiple value-add implications,” said Lyle Jensen, president and CEO. “The IUL addressable market is strategically important because it allows APG access to the medium to large fleet owners who operate 300 plus vehicles and keep their trucks 4-5 years. Our WheelTime partners, as well as our new natural gas supply partners, have told us obtaining IUL approval is critical to getting in front of these larger national and regional fleet operators. We estimate another 600,000 to 700,000 Class 8 trucks fall into the IUL designation. We now have a verified and repeatable process which, in conjunction with last week’s capital raise, will allow us to accelerate additional IUL testing in calendar year 2015 for the remaining four to five targeted IUL OEM engine family models.”
