CALGARY, June 22 /CNW/ - Alternative Fuel Systems (2004) Inc. ("AFS" or the "Company") (TSX Venture: AFX) announced today that it is providing natural gas engine controllers to Mahindra and Mahindra Ltd. ("Mahindra"), a major manufacturer of motor vehicles in India. AFS President and CEO Jim Perry said that, "We are very pleased that Mahindra is using our engine controllers for their new compressed natural gas ("CNG") Maxx Maxi Truck, now in production. In this Mahindra project, AFS and Advantek Fuel Systems Pvt. Ltd, our India based partner, are providing natural gas fuel systems, including engine controllers designed, programmed and built by our Company. We have been supplying controllers for Mahindra Bolero CNG pick-ups over the last year, and the introduction of the Maxx Maxi truck is a significant milestone. Mahindra is very active in the fast growing CNG vehicle market, and we are continuing to work with them and with Advantek on projects scheduled for future production."
Mr. Perry added that, "According to their recent press release, Mahindra is the market leader in the 2 to 3 ton G.V.W. pick-up category with a market share of 85% for fiscal year 2009. AFS has also seen that government agencies in India are vigorously supporting the change from diesel vehicles to natural gas fuelled vehicles in order to combat pollution. By working with the market leader in this vehicle class, and with the regulatory support that is helping the market to expand rapidly, we are well positioned to increase our participation in the natural gas engine controller business."
Forward-looking statements
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%SEDAR: 00020995E