American Power Group Granted U.S. Patent Allowing for a Dual Fuel-Electrification Hybrid Solution

ALGONA, IA / ACCESSWIRE / November 8, 2023 / American Power Group Corporation ("APG") (OTC PINK:APGI) announced that the U.S. Patent and Tradmark Office has granted patent number 11,766,944 titled Multi-Fuel, Range Extending Power Generation Propulsion System, Method, and Apparatus to the company.

Foto: Accesswire

Chuck Coppa, APG's CEO/CFO stated, "We are excited to be adding this new patent to our intellectual property portfolio of patents, applications, and enhancements. With new, more complicated engine technologies coming to market each year and the strong governmental push for continued tighter emission standards it is imperative that we continue to add to our technical capabilities and product offerings. The ability to add some level of electrification capability to our existing dual fuel solution will not only enhance our well documented ability to reduce existing diesel engine emissions but allow us to potentially operate the dual fuel engine at peak efficiency nearly continuously. We also believe there is an opportunity to add supplemental torque as well as reduce or potentially eliminate truck idling on diesel. There are multiple existing electrification enhancement solutions available on the market today which we will evaluate as we determine our development timeline for this hybrid capability."

Mr. Coppa added, "With a cost-effective conversion price of approximately $10,000 per truck, plus a nominal monthly cost of a leased natural gas tank, we strongly believe APG's V6000 Dual Fuel System is the most affordable and effective alternative fuel solution for existing Class 8 trucks available today. The ability to provide potential net fuel savings in the 25% to 30% range based on current average fuel pricing provides a fleet operator with a significant competitive advantage in their market. Adding in some form of dual fuel electrification capability will only add to both the savings and the operational capability."

About American Power Group Corporation (www.americanpowergroupinc.com)

American Power Group's subsidiary, American Power Group Inc., ("APG"), provides cost-effective alternative fueling solutions for diesel engines to significantly reduce methane criteria pollutants and help accelerate a low-carbon future. APG's Dual Fuel conversion technology is a unique patented hardware and software solution that enables high-horsepower diesel engines to safely displace up to 65% of diesel fuel with natural gas. Engines equipped with APG's Dual Fuel technology can use renewable natural gas (RNG), compressed natural gas (CNG), liquefied natural gas (LNG), captured flare-stack methane and conditioned well-head gas resulting in lower cost, lower carbon, and lower criteria pollutant emissions. Additionally, APG's Dual Fuel conversion technology remains fully compatible with eligible biodiesel blends and renewable diesel fuels further reducing a diesel engine's carbon footprint and provide users with a proven regulatory compliant technology to meet their Environmental, Social and Corporate Governance ("ESG") objectives.