American Power Group Provides Fiscal 2024 Mid-Year Corporate Update - Seite 2

Chuck Coppa, APG's CEO/CFO stated, "While we have made significant progress over the past several years to solidify APG's financial position, we continue to focus our efforts on increasing market awareness and branding of our new enhanced V7000 dual fuel vehicular solution. We believe this technology is potentially the most game-changing aspect of our business, especially from a decarbonization perspective. We are currently in discussions with several of the country's largest natural gas/renewable natural gas (RNG), biodiesel and renewable diesel dispensers regarding potential co-marketing efforts whereby they would market our cost-effective dual fuel solution in addition to dedicated natural gas solutions.

APG's Dual Fuel Technology can use renewable natural gas (RNG), compressed natural gas (CNG), liquified natural gas (LNG), captured flare-stack methane and conditioned well-head gas resulting in lower cost, lower carbon and lower criteria pollutants. Additionally, APG's technology remains fully compatible with eligible biodiesel blends and renewable diesel fuels further reducing a diesel engines' carbon footprint and provides users with a proven regulatory compliant technology to meet their Environmental, Social and Corporate Governance (ESG) objectives.

Mr. Coppa concluded, "We will be attending the Appalachian RNG Conference in Canonsburg, PA this Thursday, April 18, 2024 and the BioGas Americas 2024 Conference in Savannah, Georgia May 13-16, 2024 to discuss how APG's V7000 dual fuel solution, displacing 50%-60% of diesel consumption with RNG from dairy manure, has been shown to produce an estimated Carbon Intensity ("CI") score of between a -104 to -145 gC02e/MJ and avoid between 500 to 610 metric tons of CO2 per year per vehicle."

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.