Clean Air Partners Changes Name to Clean Air Power to Reflect Focused Strategy on Creating Affordable Clean Power
SAN DIEGO--Sept. 8, 2003--| Power Generation and Vehicle Markets Benefit from Clean Air Power's Proven Technology for Cost-Efficient Low Emissions |
Clean Air Partners today announced a name change to Clean Air Power, Inc. as part of its updated strategy to position the company for growth in markets with the greatest need for "power." Whether it is performance power for heavy-duty diesel vehicles or generating power from stationary diesel engines, Clean Air Power's customers benefit from cost-efficient solutions that dramatically reduce emissions to meet strict guidelines while maintaining the power and efficiency of a compression stroke engine.
Based on in-depth market and customer research, Clean Air Power validated its strategy to parlay its market share in vehicle diesel engine conversions to the distributed power generation market. In most markets, economics rather than emission standards is the main motivator to convert stationary diesel power generators to operate on less costly natural gas without replacing the system or sacrificing performance. Using a diesel power generation system as an active asset to reduce peak power requirements also saves energy costs when not operating on the local power grid. Regardless whether emissions mandates or energy cost savings are the driving factor, both segments experience the advantages of cost-efficient clean power technology today.
"Having Power in our name accurately represents the core product benefit our customer base values," said CEO Dan Kabel. "Our focus on the needs of the vehicle and power generation customers drives our internal structure, product development, customer service, and international strategy. Thinking beyond the vehicle market in North America has opened major opportunities for Clean Air Power to be a technology supplier for any diesel engine conversion."
International expansion is integral to the company's growth plans, particularly where lowering emissions or fuel savings are of high importance. Regions with strict environmental regulations, such as the U.K., Australia, and Japan, offer incentive programs for engine manufacturers and fleet owners to be in emissions compliance. Clean Air Power is already working on converting 100 Dual-Fuel trucks in the UK and has enabled the first heavy-duty truck in Japan greater than 12 tons to meet Japan's 2003 Ministry of the Environment emissions guidelines. Developing countries like Argentina, India, Pakistan, and Indonesia are looking for the high power density of diesel engines with the economic advantages of natural gas.
Dual-Fuel(TM), Clean Air Power's flagship technology, enables diesel engines to operate with the low emission benefits of natural gas while retaining the inherent power, efficiency, low cost and long life of compression ignition engines. As depicted with the intertwined curved lines in the new Clean Air Power logo, diesel fuel (the liquid spark plug) works together with natural gas (the main fuel). Based on this core technology, Clean Air Power has developed MicroPilot(R) for applications requiring very low emissions at 99 percent gas substitution rate, and FuelSolution(TM) with an 80 percent substitute rate where economics rather than emissions standards are motivators to convert diesel engines.
In addition, Clean Air Power offers an extensive after treatment product line for power generation applications and mobile after treatment for vehicles, as well as subcomponents for automotive and truck manufacturers to build low-emission gasoline, natural gas and diesel vehicles.
About Clean Air Power
Clean Air Power, Inc. is the only global technology company that delivers affordable, clean power to the diesel markets today by enabling natural gas and diesel to burn simultaneously. Today, Clean Air Power's Dual-Fuel(TM), FuelSolution(TM), MicroPilot(R), after treatment, and subcomponent products provide diesel engine performance while lowering emissions. Since 1991, Clean Air Power has focused on achieving impressive natural gas substitution rates while maintaining diesel engine power. With more than 4,000 heavy-duty vehicle and power generation installations worldwide, Clean Air Power leads the industry in meeting even the most stringent emissions regulations without sacrificing diesel's formidable power or efficiency. For more information, visit the company's new website: www.cleanairpower.com.