Clean Air Power Limited Research Grant Extension with Brunel University (0987I)
23 Marzo 2015 - 8:00AM
UK Regulatory
TIDMCAP
RNS Number : 0987I
Clean Air Power Limited
23 March 2015
23 March 2015
Clean Air Power Limited
("Clean Air Power")
Research Grant Extension with Brunel University
Clean Air Power (AIM: CAP), the developer and global leader in
dual-fuel engine management software for heavy duty vehicles, is
pleased to announce that it has been awarded an additional one year
extension to its 2-year funded research project with Brunel
University London, aimed at developing the next generation of
advanced Dual-Fuel combustion systems.
The research grant extension has been awarded by the UK
Government's Innovate UK organisation through its Knowledge
Transfer Partnership (KTP) scheme. The additional funding will
enable further investigation and optimisation of Clean Air Power's
second generation MicroPilot technology on heavy duty Dual-Fuel
engines operating in advanced low-emission combustion modes.
The project is to be carried out on a modern heavy-duty research
engine at Brunel University's Centre for Advanced Powertrains and
Fuels. Brunel is one of the UK's leading universities with a
world-class reputation in applied research and cooperation with
industrial partners on internal combustion engines and their
fuels.
John Pettitt, Chief Executive of Clean Air Power said, "The
award of the project extension by Innovate UK is further evidence
of the UK Government's continuing support for low carbon vehicle
technologies. The research carried out at Brunel University is
improving our understanding of advanced diesel-gas combustion
mechanisms and helping to pioneer the next generation of MicroPilot
Dual-Fuel technology."
Enquiries:
Clean Air Power Tel: +44 (0)1772
624 499
John Pettitt, Chief Executive
Officer
Neill Skinner, Chief Financial
Officer
Citigate Dewe Rogerson Tel: +44 (0)20
7282 2867
Malcolm Robertson
Chris Gardner
Panmure Gordon Tel: +44 (0)20
7886 2500
Corporate Finance
Freddy Crossley / Atholl Tweedie
Corporate Broking
Tom Salvesen
Peat & Co Tel: +44 (0)20
3540 1721
Charlie Peat
About Clean Air Power
Clean Air Power designs, develops and delivers
compression-ignited natural gas engines for heavy duty transport
applications. Clean Air Power's patented MicroPilot and
Dual-Fuel(TM) technology enables engines to run on natural gas
mixed with diesel (or any suitable combustion fuel) providing the
"spark" that ignites the gas. Substituting natural gas for diesel
cuts fuel costs, emissions of carbon, nitrous oxide and
particulates whilst retaining the original engine's power,
efficiency and reliability characteristics. Clean Air Power
operates in the US, Europe, Russia and Australia and has two
commercial divisions:
Dual-Fuel(TM) Vehicle Systems
Delivery of patented Dual-Fuel(TM) systems which include
fully-interfaced systems developed in partnership with truck
manufacturers and the Group's Genesis-EDGE system, developed
in-house as an after-market solution. Dual-Fuel(TM) is a type of
system that adapt diesel engines to run on a combination of diesel
and natural gas whilst retaining engine's basic infrastructure. The
Division sells systems to truck manufacturers for on-line assembly,
approved partners for after-market installation or direct to
customers through its own installation facilities. The Division
also undertakes design and development work for governments and
truck manufacturers on Dual-Fuel(TM) and next-generation MicroPilot
systems.
Components
Design and manufacture of innovative hydraulic valves, injectors
and filters for natural gas engines sold to truck manufacturers
around the world. Initially founded in the USA in 1991, around
GBP50m has been invested in developing the technology with the
result that 69 patents are currently held or pending. The holding
company of the Group is based in Bermuda with operational
subsidiaries in the UK, the USA and Australia. The Group was
admitted to the AIM market of the London Stock Exchange in February
2006.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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