Business
AFS announces additional India projects for TATA Motors
CALGARY, Jan. 30 /CNW/ - Alternative Fuel Systems (2004) Inc. ("AFS or the Company") (TSX Venture...
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[{"type":"text","content":"\n\n\n\nCALGARY, Jan. 30 /CNW/ - Alternative Fuel Systems (2004) Inc. ("AFS or\nthe Company") (TSX Venture: AFX) announced today that it has been selected to\ndevelop and supply compressed natural gas ("CNG") engine control systems for\ntwo additional vehicle models being launched by TATA Motors, India's largest\nmanufacturer of motor vehicles. These two projects are in addition to the TATA\nCNG "ACE" project announced late in 2007.\n\n\nAFS President and CEO Jim Perry said that "We are pleased that TATA\nMotors has selected AFS to provide engine control electronics for these two\nnew platforms. Our partner in India, Advantek Fuel Systems Pvt. Ltd.\n("Advantek") will be supplying other fuel system components, as well as\ncoordinating delivery of the controllers. The CNG version of the Xenon pickup\ntruck is planned to be launched in the first half of 2008. This 4 cylinder\nvehicle will require a significantly more sophisticated engine controller than\nis required for the 2 cylinder ACE project. The Xenon has many more features\nand options, and as a result, the controller will feature a more powerful\ncentral processor and considerably more capability. This engine controller\nwill also form the basis for the second new project, the Winger delivery van.\nThe Winger is scheduled to begin production later in 2008."\n\n\nMr. Perry added that "Sales volumes of these two engine controllers will\ndepend on the success of the CNG variants of the Xenon and the Winger in the\nmarket. We look forward to working with TATA Motors and Advantek on these two\nhigh potential opportunities."\n\n\nAFS is a Canadian company providing innovative and cost-effective\nsolutions to the growing global problem of harmful exhaust emissions from\ninternal combustion engines. AFS has commercialized electronic engine\nmanagement systems enabling diesel and gasoline engines to operate on cleaner\nburning natural gas and other alternative fuels. The Company is headquartered\nin Calgary, Canada and trades on the TSX Venture Exchange under the trading\nsymbol AFX.\n\n\nForward-looking statements - this news release may contain\nforward-looking statements about the business of AFS and marketing and product\ndevelopment plans based on the current expectations of management.\n\n\nAFS cautions investors that...