American Power Group has received a follow-on vehicular conversion purchase order valued at approximately $660,000 from its in-country dealer.
While the country, quantity and end-customer have not been disclosed for proprietary reason the units are destined for one customer who had previously ordered 20 conversion systems. The follow-on units will be shipped during the first three quarters of calendar 2015.
Lyle Jensen, American Power Group’s CEO , commented, “Our international vehicular conversion revenue in fiscal 2014 grew 53% over the prior year and was heavily influenced by early-adopter revenue from customers in Colombia, Dominican Republic, Mexico and Peru. Dual fuel conversions include heavy-duty trucks, busses and cement mixers with several of the largest construction and energy management companies in Latin America and the world.”
Jensen added that this follow-on order alone represents 155% of all international vehicular revenue last year. Favorable diesel to natural gas price spreads and emerging carbon footprint sustainability standards are driving the demand for a lower emission alternative fuel.
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Press Release; Image: APG