American Power Group, Inc. ("APG") has signed a national distributor and master marketing agreement with WheelTime Network LLC ("WheelTime"). Under the terms of the agreement, WheelTime Network LLC will endorse APG technology and engage its member companies in establishing a North American network to market and install APG's Vehicular Turbocharged Natural Gas Systems.
The APG system is a cost-effective and non-invasive patented turbocharged natural gas dual fuel conversion technology for trucks, stationary generators and off-road mobile diesel engines. The APG system offers a 300-800 mile dual fuel range with no loss of power and torque and, depending on the route profile, delivers an average annual net fuel savings of 15 percent to 30 percent over 100 percent diesel fuel. With no practical design limits for engine models or horsepower, the APG system is currently EPA-approved for 88 engine families and is expected to receive EPA approval for more than 200 additional engine families by the end of 2013. The APG system offers the flexibility to return the vehicle to 100 percent diesel operation at any time. At end-of-life or vehicular rotation, the APG system and natural gas tank can be easily removed and installed on another EPA approved engine.
The WheelTime Network is North America's highest quality truck service network. Its 18 member companies provide installation and warranty support through nearly 200 service centers, 2,800 service bays, 3,000 factory-trained technicians and 30 training facilities located across the United States and Canada.
"We see natural gas as an important and necessary development in our industry. Accordingly, WheelTime made a strategic decision earlier this year to begin taking the necessary steps to become a center of excellence for the installation and service of natural gas engines," said Mike Delaney, President and CEO of WheelTime Network LLC.
Delaney added: "In addition to dedicated natural gas engines, we believe diesel engine dual fuel conversions will be an evolutionary step for natural gas, providing a low risk way for fleets to get the benefit of natural gas fuel savings and giving existing equipment new life."
Lyle Jensen, CEO of American Power Group states, "To become aligned with the number one quality truck service network in North America is clearly one of the most important marketing and operational milestones in our company's history. WheelTime members understand engine performance and their leadership in installation and warranty service will accelerate the rollout of our technology. With this agreement, we have the opportunity to provide an integrated-approach and nationwide scalability for our certified installations, and we look forward to working with WheelTime member companies to introduce our non-invasive dual fuel system to their fleet customers."
Delaney said, "During 2012, we conducted extensive due diligence and recognized APG as the current world leader in non-invasive dual fuel conversion technology. In our view, the APG Turbocharged Natural Gas System provides the best overall customer value when it comes to diesel-like performance characteristics and the lowest total cost of ownership. We look forward to working with Lyle Jensen and his APG Team to introduce what we believe is a game-changing technology in natural gas engine systems."
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