American Power Group (OTCMKTS:APGI) Stock In Focus After Recent Development
American Power Group’s (OTCMKTS:APGI) subsidiary, American Power Group Inc provides cost-effective dual-fuel engine solutions for accelerating an alternative fuel low-carbon future. The company’s patented technology is a novel software and hardware solution. It enables existing high-horsepower vehicular engines to displace a large part of diesel with different forms of clean-burning natural gas including negative-carbon renewable natural gas, conditioned well-head gas, bio-methane gas, CNG as well as LNG. The company’s solution gives users a technology for meeting ESG objectives by reducing some pollutants as well as greenhouse gas emissions.
Market Stats
On Monday, APGI stock ended flat at $0.0275 with 26K shares, compared to its average volume of 13K shares. The stock moved within a range of $0.0275 – 0.0275 after opening trading at $0.0275.
American Power Group To Showcase Their V6000 Class 8 Truck Dual Fuel Technology At The National Star Route Mail Contractors Association’s August 2022 National Convention
American Power Group Corporation on June 27, 2022, announced showcasing the V6000 Dual Fuel Technology for the Class 8 diesel-powered trucks. This will be available for members attending National Convention from August 7-10, 2022, in Sacramento, California. The company will be presenting as well as sponsoring at the Convention luncheon on August 8. Headquartered in Washington, NSRMCA represents about 1,700 fleet operators contracting with the United States Postal Service for over-the-highway transportation of the U.S. mail.
The company will be presenting an affordable and proven alternative fuel solution for members to convert existing trucks with the V6000 Dual Fuel System. The system gives meaningful net fuel savings through the substitution of natural gas for diesel. APG has industry-leading 500+ EPA approvals as well as a number of CARB Executive Orders for vehicular solutions.
Last month, the firm had announced that the industry leader in RNG, LNG, and CNG services across the US, Sapphire Gas Solutions, had witnessed net fuel cost savings of 25 to 30% operating the Dual Fueled 2015 Freightliner CC132 Coronado Sleeper demo truck with a Detroit Diesel 505HP diesel engine.
Matt VanSteenwyk, APG’s Chairman said that the cost-effective conversion of $10,000 per truck along with a nominal monthly cost of a leased natural gas tank makes the V6000 Dual Fuel System an affordable and effective alternative fuel solution. The Chairman added that the potential net fuel savings of 25-30% give a fleet operator a significant advantage in the market.
Gregory Reed, NSRMCA Executive Director said that the surging fuel prices are a priority on the minds of members. Reed added that it is imperative to assist members with cost-effective solutions for addressing the challenge and APG can educate them on the benefits of the V6000 Dual Fuel System.
Traders Corner
APGI stock is trading above the 20-Day and 50-Day Moving averages of $0.0274 and $0.0262 respectively. Moreover, the stock is trading above the 200-Day moving average of $0.0244.
