17th Jul 2009 07:00
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For Immediate Release |
17 July 2009 |
Clean Air Power Ltd
("Clean Air Power" or "the Company")
Update on Volvo Agreement
Clean Air Power Limited (AIM:CAP) the developer of Dual-Fuel™ combustion technology for heavy-duty diesel engines, is pleased to give an update on its Letter of Intent with Volvo to incorporate Clean Air Power's Dual-FuelTM technology into Volvo Truck engines.
As previously announced in January 2009, it was intended that the Letter of Intent would be superseded by a formal contract by the middle of 2009. Clean Air Power is pleased to announce that both parties have signed an extension to the Letter of Intent with the formal contract to be signed by early autumn.
For further information please contact:
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Clean Air Power +44 (0)1494 527110 |
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John Pettitt, Chief Executive |
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Peter Rowse, Finance Director |
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Buchanan Communications +44 (0)20 7466 5000 |
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Charles Ryland |
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Ben Willey |
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Ben Romney |
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Canaccord Adams Ltd +44 (0)20 7050 6500 |
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Robert Finlay |
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Bhavesh Patel |
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Guy Blakeney |
Notes to Editors
About Clean Air Power
Clean Air Power is the developer and provider of Dual-Fuel™ combustion technology for heavy duty diesel engines. Dual-Fuel™ engines substantially cut fuel costs and carbon emissions without sacrificing the original engine's characteristic efficiency or reliability. Clean Air Power is well positioned to assist corporations and governments to deliver on their environmental commitments while at the same time reducing transport operators overheads.
Initially founded in the USA in 1991, around £40m has been invested in developing the technology with the result that 63 patents are currently held or pending. The holding company of the Group is based in Bermuda with operational subsidiaries in the UK, the USA and Australia. The Group was admitted to the AIM market of the London Stock Exchange in February 2006.
Further information on Clean Air Power is available at www.cleanairpower.com
Related Shares:
CAP.L