AMERICAN POWER GROUP CORP - APGI STOCK NEWS

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.

American Power Group (APGI) reports a significant increase in revenue for the first half of fiscal 2024, with a 267% rise in quarterly revenue and a 193% increase in year-to-date revenue compared to the previous year. The company attributes this growth to its expanding market share in the dual fuel stationary conversion market for frack engines in the oil and gas production sector. Despite a net loss for the period, APG remains focused on enhancing its technology and expanding its engine family approvals. The company's innovative S4000 technology has garnered a strong reputation for high performance and cost-effectiveness in the dual fuel industry. APG's CEO/CFO highlights the potential of the V7000 dual fuel vehicular solution as a game-changer in decarbonization efforts, with plans for co-marketing partnerships and participation in industry conferences to showcase the technology's environmental benefits.

American Power Group Corporation (APGI) announces Gold Sponsorship role of the National Star Route Mail Contractors Association's 2024 Las Vegas Convention. CEO/CFO Chuck Coppa to present on dual fuel solutions for Class 8 trucks. APG's V6000 Dual Fuel System offers up to 65% natural gas substitution, lowering diesel-related pollutants and carbon footprint.

American Power Group Corporation (APGI) has received approximately $1.26 million of follow-on orders for its Dual Fuel Technology, with a recent $950,000 order anticipated to ship in January. The technology seamlessly introduces natural gas into the induction system of a diesel engine, displacing up to 65% of the diesel fuel. APG's CEO/CFO, Chuck Coppa, expressed optimism for future orders and highlighted the impact of the technology on operating costs, emissions, and carbon footprint.

APG (American Power Group Corporation) (APGI) announces the granting of a new patent for a Multi-Fuel, Range Extending Power Generation Propulsion System. CEO/CFO Chuck Coppa highlights the importance of this patent in enhancing the company's technical capabilities and product offerings, with potential benefits including reduced emissions, increased efficiency, and potential fuel savings of 25% to 30%. The company also plans to evaluate existing electrification enhancement solutions for hybrid capability development.

American Power Group Corporation (APG) will be discussing their V6000 Dual Fuel Technology for existing Class 8 diesel-powered trucks at the AltWheels Fleet Day. The V6000 provides the ability to realize meaningful net fuel savings of 20% to 30% based on current average fuel pricing. APG believes their system is the most affordable and effective alternative fuel solution for existing Class 8 trucks available today.