American Power Group (OTCMKTS:APGI) Stock Surges After A Major News
Yesterday, American Power Group Corporation (OTCMKTS:APGI) was in the news cycle after it made a significant new announcement. The company revealed that its stationary off-road dual fuel installation base had hit the milestone of an estimated 15 million cumulative run hours.
American Power Group Reaches 15 Million Cumulative Run Hour Milestone For Its Dual Fuel Stationary/Off-Road Primary Power and Critical Care Emergency Back-Up Power Applications
The company’s Dual Fuel Technology is patented and it helps in the conversion of existing diesel engines to run up to 65% natural gas. In fact, the product has also managed to gain the status of global market leadership. The technology smoothly introduces natural gas derived from fossil fuels or treated gas into the induction systems of diesel engines thereby helping in the displacement of as much as 65% of diesel use by the engine.
Dual Fuel Technology supports a range of fuels starting from renewable natural gas, liquefied natural gas, compressed natural gas, and conditioned well-head gas. The deployment of such natural gases helps in not only lowering costs but also leading to lower carbon emissions. In a world that is increasingly looking for ways to reduce carbon emissions, such a technology can be a godsend and hence, it is going to be interesting to see if it becomes globally popular or not.
