Clean Air Power Limited (AIM:CAP) – US$2.6m US Grant Funding Win but where do they actually fit
The developer of dual-fuel engine management software for heavy duty vehicles has announced an agreement to receive a grant to support its development of a Genesis EDGE Dual-Fuel™ product for the important US market.
The commencement of this Program will deliver a US Genesis product certified to US2010 emissions levels and enable the Company to access the growing demand in the US for natural gas vehicles i.e. a huge opportunity
The Group will receive approximately $2.6m between May 2013 and October 2014 to produce, demonstrate and refine a commercially viable Dual-Fuel product for the US market. Based on the assumption that the current Program timeline and deliverables are met,…
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