Business
American Power Group Receives Follow-On Orders Valued At $600,000 For APG’s S4000 Stationary Conversions From Its Largest Drilling Rig Customer
American Power Group Receives Follow-On Orders Valued At $600,000 For APG’s S4000 Stationary Conversions From Its Largest Drilling Rig Customer.
About this update from American Power Group Corp.
[{"type":"text","content":"\n\n LYNNFIELD, Mass., Dec. 12, 2016 (GLOBE NEWSWIRE) -- American Power Group Corporation (OTCQB:APGI) announced that its subsidiary, American Power Group, Inc. (“APG”), has received follow-on orders to convert additional stationary generators to APG’s S4000 Turbocharged Natural Gas® Technology for a prominent drill rig customer. The customer whose name is being withheld for competitive reasons has already converted several hundred drilling rig engines to APG’s dual fuel solution and has expressed interest in additional conversions in fiscal 2017. The orders are scheduled to be shipped during the November through January 2017 timeframe.\n Lyle Jensen, American Power Group’s President and Chief Executive Officer stated, “It is very encouraging to see signs that the oil and gas industry is putting drill rigs back to work and beginning to place orders for additional conversion of existing rigs as well selecting APG’s dual fuel technology to be incorporated into their newest drill rig designs. Recent quotations and order activity in multiple shale regions in the United States and Canada indicate 2017 will be a much more active year than 2016 for APG.” Mr. Jensen added, “APG’s dual fuel designs continue to be noted for its high up-time and ease of operation resulting in significant net savings at the lowest total cost of ownership. We are pleased to see leaders of the drill rig community select APG over other competitive offerings due to our reliability, flexibility, and consistent field performance.” About American Power Group CorporationAmerican Power Group’s subsidiary, American Power Group, Inc. provides cost effective sustainability products and services that promote the economic and environmental benefits of our alternative fuel and emission reduction technologies. Our patented Turbocharged Natural Gas® Dual Fuel Conversion Technology is a unique non-invasive software driven solution that converts existing vehicular and stationary diesel engines to run concurrently on diesel and various forms of natural gas including compressed natural gas, liquefied natural gas, conditioned well-head/ditch gas or bio-methane gas with the flexibility to return to 100% diesel fuel operation at any time. Depending on the fuel source and operating profile, our EPA an...