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Alternative Fuel Systems announces engine controller customer in India
CALGARY, June 22 /CNW/ - Alternative Fuel Systems (2004) Inc. ("AFS" or the "Company") (TSX Ventu...
About this update from Arctic Fox Lithium Corp
[{"type":"text","content":"\n\n\n\nCALGARY, June 22 /CNW/ - Alternative Fuel Systems (2004) Inc. ("AFS" or\nthe "Company") (TSX Venture: AFX) announced today that it is providing natural\ngas engine controllers to Mahindra and Mahindra Ltd. ("Mahindra"), a major\nmanufacturer of motor vehicles in India. AFS President and CEO Jim Perry said\nthat, "We are very pleased that Mahindra is using our engine controllers for\ntheir new compressed natural gas ("CNG") Maxx Maxi Truck, now in production.\nIn this Mahindra project, AFS and Advantek Fuel Systems Pvt. Ltd, our India\nbased partner, are providing natural gas fuel systems, including engine\ncontrollers designed, programmed and built by our Company. We have been\nsupplying controllers for Mahindra Bolero CNG pick-ups over the last year, and\nthe introduction of the Maxx Maxi truck is a significant milestone. Mahindra\nis very active in the fast growing CNG vehicle market, and we are continuing\nto work with them and with Advantek on projects scheduled for future\nproduction."\n\n\nMr. Perry added that, "According to their recent press release, Mahindra\nis the market leader in the 2 to 3 ton G.V.W. pick-up category with a market\nshare of 85% for fiscal year 2009. AFS has also seen that government agencies\nin India are vigorously supporting the change from diesel vehicles to natural\ngas fuelled vehicles in order to combat pollution. By working with the market\nleader in this vehicle class, and with the regulatory support that is helping\nthe market to expand rapidly, we are well positioned to increase our\nparticipation in the natural gas engine controller business."\n\n\nForward-looking statements\n\n\nCertain statements in this news release including but not limited to (i)\nstatements that may contain words such as "anticipate", "could", "expect",\n"seek", "may", "might", "intend", "will", "believe", "should", "project",\n"forecast", "plan" and similar expressions, including the negatives thereof,\n(ii) statements that are based on current expectations and estimates about the\nmarkets in which the Company operates and (iii) statements of belief,\nintentions and expectations about developments, results and events tha...