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Dominican Republic Orders Conversions of Heavy-Duty Trucks

June 17, 2014

American Power Group Corporation announced their subsidiary, American Power Group Inc. (APG), has received an order from Caribbean Power Group S.R.L, its authorized dealer and certified installer in the Dominican Republic, to convert 38 heavy-duty trucks to operate on APG’s Turbocharged Natural Gas dual-fuel system. Deliveries are scheduled for June and July.

While the end customer was not disclosed for proprietary reasons, the end customer is a global leader in the building materials industry with a presence in more than 50 countries and a strong commitment to integrating sustainability initiatives into their global business strategy, according to APG.

“We have been working with this customer on the pilot order for over eighteen months to validate field performance, economic payback, and the emission reduction benefits of APG’s dual fuel solution," said Milton Zarzuela, president of Caribbean Power Group. "I, along with my project manager Giovanni Caballero congratulate our technical team on their effort and persistence in obtaining this order. Based on data obtained during this initial field evaluation phase, our customer estimates a potential aggregate annual net fuel savings of over U.S. $1 million per year from the conversion of these 38 units. Our customer has verbally indicated they will look to converting more of their local 200 truck fleet to APG’s dual fuel system over the coming year. We are also considering entering natural gas fuel supply agreements with our client’s suppliers, who operate more than 700 trucks as an incentive to begin adoption of APG’s dual fuel solution. We estimate that there are over 20,000 heavy- duty trucks currently operating in the Dominican Republic and believe we now have a blueprint on how to expand natural gas into our domestic heavy-duty truck market.”

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