Welcome to our dedicated page for American Power news (Ticker: APGI), a resource for investors and traders seeking the latest updates and insights on American Power stock.
American Power Group Corporation (APGI) provides innovative dual fuel conversion systems that enable diesel engines to operate with cleaner natural gas alternatives. This news hub offers investors and industry professionals centralized access to APGI's latest developments, financial updates, and technology advancements.
Track official press releases covering earnings reports, strategic partnerships, regulatory milestones, and product innovations. Our curated collection helps stakeholders monitor APGI's progress in emission reduction solutions and natural gas liquids operations across multiple industries.
Discover updates on patented conversion technology applications in heavy-duty generators, fleet vehicles, and flare gas utilization projects. The page serves as your primary source for verified information about APGI's environmental compliance achievements and operational expansions.
Bookmark this resource for timely updates on APGI's market position and technological leadership in sustainable fuel solutions. Visit regularly to stay informed about critical developments affecting the alternative energy sector.
American Power Group (OTC Pink:APGI) demonstrates significant environmental impact with their vehicular dual fuel solution for Class 8 trucks, enabling the replacement of 50-60% of diesel fuel with dairy manure renewable natural gas (RNG). The technology achieves a carbon intensity score between -104 to -145 gC02e/MJ and could avoid 500-610 metric tons of CO2 per year per vehicle.
The company's solution offers a cost-effective alternative to purchasing new alternative fuel trucks, requiring only a fraction of the $400,000+ cost for new vehicles. According to CEO Chuck Coppa, with approximately 2 million late-model Class 8 diesel trucks operating in the U.S., the potential environmental impact could reach 1 billion metric tons of CO2 reduction annually without major infrastructure investments.
The technology is particularly relevant for smaller carriers, as 95.8% of all carriers operate 10 or fewer trucks, and 99.7% operate 100 or fewer trucks, making APG's solution an accessible transition technology for fleets seeking cleaner alternatives.
American Power Group (APGI) reported unaudited fiscal 2024 results with revenue increasing 286% to $3.36 million, up from $0.87 million in fiscal 2023. The growth was primarily driven by increased market share in dual fuel stationary conversions for frack engines in the oil/gas sector.
The company recorded an unaudited net loss of $1 million for fiscal 2024, improved from a $2.04 million loss in 2023. During fiscal 2024, APGI invested approximately $935,000 in emission testing and development costs to enhance technology and expand EPA/CARB engine family approvals. As of September 30, 2024, the company had $0.41 million in cash, no long-term debt, and $0.90 million in net working capital.
In Q1 fiscal 2025, APGI shipped approximately $1.55 million of stationary conversion orders and is working on over $5 million of outstanding conversion quotes.
American Power Group (OTC PINK:APGI) has announced the conversion of $1.285 million in advances into approximately 36 million unregistered shares of common stock. The conversion price represented a 100% premium over the closing price on the date of closing. APG's CEO/CFO Chuck Coppa highlighted the company's recent achievements, including over $2.2 million in follow-on stationary dual fuel conversion orders, the introduction of the V7000 Dual Fuel conversion solution for heavy-duty trucks, and initiation of EPA/CARB emissions testing.
APG's Chairman Matt Van Steenwyk emphasized the company's disruptive technology, which addresses emission reductions and economic savings. The V7000 system has shown promising results in initial emission testing, particularly regarding NOx reduction, which is significant for addressing CARB Near-Zero Emission Vehicle objectives.
American Power Group (APGI) has unveiled its V7000 next generation dual fuel system for Class 8 heavy-duty SCR diesel engines. This system allows existing diesel trucks to run on up to 60% natural gas, including renewable natural gas (RNG). Key features include:
1. Expanded dual fuel calibration Engine Control Module
2. New telematics capabilities for real-time fuel savings tracking
3. Promising emission reduction results, especially for NOx
4. Focus on newer SCR engine platforms (2020-2022)
5. Cost-effective alternative to purchasing new alternative fuel trucks
APG is currently undergoing EPA/CARB emissions testing to expand its 500+ engine family approvals. The company aims to address CARB Near-Zero Emission Vehicle objectives and provide a practical solution for fleets transitioning to cleaner fuels.
American Power Group (OTC PINK:APGI) has announced $1.4 million in new orders for their S4000 Stationary Dual Fuel Systems, following $800,000 in orders announced on August 6, 2024. This brings the total new orders since August 1st to $2.2 million. The initial $800,000 will ship in September 2024, with most of the $1.4 million follow-on orders expected to ship in December 2024.
APG's S4000 Dual Fuel Technology allows up to 65% diesel fuel displacement with natural gas, providing financial savings and environmental benefits. The system is compatible with various OEM diesel engine platforms and power ratings from 100kW to 12MW. APG's technology is gaining traction among Exploration and Production companies due to its reliability, ease of operation, and ability to help meet ESG goals.
American Power Group (OTC Pink: APGI) announced receiving $2.2 million in follow-on orders since October 1st, with $800,000 to be shipped in the September 4th fiscal quarter. Fiscal 2024 YTD revenue is approximately $2.9 million, over 230% higher than fiscal 2023, driven by stronger dual fuel stationary conversion revenue. APG's S4000 Dual Fuel Technology can displace up to 65% of diesel fuel with natural gas, offering cost savings and emissions reduction. The company has converted over 325 diesel frac engines/pumps to date and reached a 15 million cumulative run hour milestone in May 2023. APG currently has $4 million+ in outstanding customer quotes and is working to convert these into orders.
American Power Group (APG) announced its sponsorship and participation at The Transport Project's Better Than Zero Summit from June 24-26, 2024, in Nashville, TN. APG's CEO/CFO, Chuck Coppa, will participate in a panel on 'Clean Heavy-Duty Vehicle Technologies' on June 25. APG will showcase its V7000 Dual Fuel System, which allows Class 8 diesel trucks to displace up to 60% diesel with natural gas, including renewable natural gas (RNG). This system has been validated to achieve a carbon intensity score of -104 to -145 gCO2e/MJ, potentially avoiding 500-610 metric tons of CO2 annually per vehicle. APG's technology is cost-effective and aims to help fleets transition from diesel to alternative fuels efficiently.
