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APG Press Releases & Announcements - 2017

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American Power Group Provides Update On Corporate Realignment

Continued Low Priced Oil Negatively Impacting Operations and Revenue Opportunities, Board Evaluating Immediate Closure of Operations

Lynnfield, MA – August 15, 2017 - today announced it will extend the filing of its June 30, 2017 Quarterly Form 10Q via SEC Form 12b-25.  On June 6, 2017, the company announced a corporate wide realignment of its strategic direction, reallocation of resources and reduction in workforce in response to significant operating losses due to the impact that continuing low oil prices were having on the company’s dual fuel and flare capture businesses.  The realignment resulted in a reduction in annual operating costs of over $2 million on a go forward basis. Read more...

 

American Power Group Announces Corporate Realignment and Senior Management Changes

Migration to a Technology Licensing and Master Distributorship Model Versus Direct Sale Approach to be Implemented

Lynnfield, MA – June 6, 2017 - American Power Group Corporation (OTCQB: APGI) today announced a corporate wide realignment of its strategic direction, reallocation of resources and reduction in workforce. Read more...

 

American Power Group Corporation Reports Second Quarter Fiscal 2017 Results

Oil and Gas Stationary DF Conversions Drive Highest Overall Quarterly Revenue in 2.5 Years

Lynnfield, MA – May 15, 2017 - American Power Group Corporation (OTCQB: APGI) today announced results for the three months ended March 31, 2017.  Read more...

 

American Power Group Second Quarter Fiscal 2017 Results Conference Call Alert

Lynnfield, MA – May 12, 2017 - American Power Group Corporation (OTCQB: APGI) today announced it will host a conference call on Monday, May 15, 2017 at 10:00 AM Eastern to discuss the results for the three months ended March 31, 2017. To participate, please call 1-877-548-7901 and ask for the American Power Group call using passcode 8237040. A replay of the conference call can be accessed until 11:50 PM on May 31, 2017 by calling 1-888-203-1112 and entering pass code 8237040.  Read more...

 

American Power Group Announces Upgrades to the APG S4000 Stationary Conversion System

Variable Fuel Management Capability Provides Enhanced Flexibility and Improved Diesel Displacement Rates

Lynnfield, MA – April 24, 2017 - American Power Group Corporation (OTCQB: APGI) today announced recent upgrades to the S4000 Turbocharged Natural Gas® dual fuel system. The new Variable Fuel Management (“VFM”) software upgrade allows oil and gas drillers to adjust their specific site’s dual fuel mapping calibrations to optimize performance for four different natural gas compositions including CNG, LNG, and two BTU levels of field gas including up to 1,450 BTU. This software upgrade helps to better match the source gas to the corresponding dual fuel optimization table. S4000 customers are experiencing up to a 10% improved diesel substitution rate which substantially improves their payback period, which is currently in the 6 to 9 month range depending on the source gas. The VFM upgrade is in addition to recent display upgrades and new telematics remote monitoring capabilities.  Read more...

 

American Power Group Corporation’s Letter to Shareholders Annual Shareholders’ Meeting Date Set For May 24, 2017

Lynnfield, MA – April 18, 2017 - American Power Group Corporation (OTCQB: APGI) today announced that its Annual Shareholder’s meeting will be held on Wednesday, May 24, 2017 at 1:00 P.M. at in the Oak Room of the Spring Hill Suites/Mall of America, 2870 Metro Drive, Bloomington, Minnesota for the following purposes: (1) to elect four directors for the ensuing year; (2) to approve an amendment to the Restated Certificate of Incorporation to increase the number of authorized shares of Common Stock from 350,000,000 to 700,000,000; (3) to approve an amendment to the 2016 Stock Option Plan to increase the number of shares of our Common Stock reserved for issuance from 21,000,000 to 50,000,000; (4) to hold an advisory vote on the compensation of the Company’s named executive officers (the “say-on-pay”) and (5) to consider and act upon a proposal to ratify the selection of the firm of Schechter, Dokken, Kanter, Andrews & Selcer, Ltd. as our independent auditors for the fiscal year ending September 30, 2017. In conjunction with the mailing of the proxy statement for the Annual Meeting and the Annual Report for the fiscal year ended September 30, 2016, the following letter to the shareholders of American Power Group Corporation was included.  Read more...

 

American Power Group Announces APG International’s Participation At AltFuels Mexico 2017 To Be Held April 4-7, 2017 At The World Trade Center of Mexico City

Stricter Mexican Emission Regulations And Favorable Economics Driving Interest In APG’s Dual Fuel Solution

Lynnfield, MA – April 4, 2017 - American Power Group Corporation (OTCQB: APGI) today announced that its APG International division will be participating in the first major alternative fuels conference to be held in Mexico. AltFuels Mexico 2017 will be held at the Convention Center of the World Trade Center of Mexico City where experts and organizations from around the world will gather to address and exhibit the benefits of natural gas and the latest clean fuel technologies. Conference officials report over 130 companies are exhibiting their latest products and technologies with over 2,700 registered attendees from five continents. APG International is co-exhibiting at the conference with Gascomb, one of APG’s Authorized Dealers and Certified Installers in Mexico. Read more...

 

American Power Group Corporation Launches Governmental Affairs Marketing Initiative

APG’s Ability To Reduce Harmful Diesel Related Emissions On Class 8 Engines At Forefront Of Campaign

Lynnfield, MA – April 3, 2017 - American Power Group Corporation (OTCQB: APGI) today announced the launch of a significant governmental outreach and education initiative. Dan Goodwin, APG’s Vice President of Technical Marketing and Government Affairs, stated, “APG is implementing a multi-faceted strategic communications and government relations initiative with initial focus on the significant and immediate opportunities in the State of California as well those with national implications from Washington, D.C. We have retained Washington, D.C.-based Ogilvy Government Relations (www.ogilvygr.com) and the California lobbying firm of Gonzalez, Quintana, Hunter & Cruz, LLC (www.gqhlobby.com). Both firms will help educate key governmental decision makers on the practical application and immediate air quality benefits that APG’s proven natural gas dual fuel technology can provide in significantly reducing harmful diesel emissions on high-horsepower diesel engines. APG’s dual fuel solution also supports increased consumption of North America’s abundant supply of clean-burning domestic natural gas accelerating America’s efforts to become energy independent and enhancing our national security.” Read more...

 

American Power Group Announces Production Development Plans For A Low NOx Dual Fuel/Exhaust System

A Planned Path to Achieve 50%-75% NOx Reduction On Class 8 13L-16L Heavy-Haul Diesel Engines

Lynnfield, MA – March 28, 2017 - American Power Group Corporation (OTCQB: APGI) today announced that its Board of Directors has approved funding for the initial production development phase of a first of its kind low NOx (oxides of nitrogen) solution for 13L – 16L Class 8 diesel engines that are model year 2010 and newer. The patent-pending design incorporates APG’s California Air Resources Board (“CARB”) E.O. Certified dual fuel natural gas system with APG’s new Exhaust Thermal Management System (“ETMS”). APG’s ETMS is designed to create a quicker warm-up and maintain an optimum temperature performance of an OEM’s diesel engine’s Selective Catalyst Reduction System (“Diesel/SCR”) in order to significantly reduce remaining areas of high smog-forming NOx production. NOx reduction of 50% - 75% below today’s EPA/CARB NOx standards are projected which would qualify diesel engines upgraded with APG’s Dual Fuel/ETMS system to meet California’s Optional Low NOx diesel engine emission standards. Initial phase emissions testing will be performed this spring at the Center For Alternative Fuels, Engines, and Emissions (“CAFEE”) at West Virginia University. Read more...

 

American Power Group Corporation Receives Third $100,000+ Vehicular Conversion Order For A Large Midwest-Based Fleet

Order Is Third In Three Years As The Customer Converts One Third Of Their Fleet To Dual Fuel

Lynnfield, MA – March 27, 2017 - American Power Group Corporation (OTCQB: APGI) today announced that its subsidiary, American Power Group, Inc. (“APG”) has received the third $100,000+ follow on purchase order in as many years from a Midwest-based fleet for APG’s V5000 Turbocharged Natural Gas® Dual Fuel Systems. The customer’s name is being withheld for competitive reasons. This order will be installed by one our newest dealer/installers, Rush Truck Centers including the Momentum Fuel Technologies’ CNG fueling system. Read more...

 

American Power Group Corporation Reports First Quarter Fiscal 2017 Results

Lynnfield, MA – February 14, 2017 - American Power Group Corporation (OTCQB: APGI) today announced results for the three months ended December 31, 2016.  Read more...

 

American Power Group First Quarter Fiscal 2017 Results Conference Call Alert Update

Lynnfield, MA – February 10, 2017 - American Power Group Corporation (OTCQB: APGI) today announced it will host a conference call on Tuesday, February 14, 2017 at 10:00 AM Eastern to discuss the results for the three months ended December 31, 2016. To participate, please call 1-888-661-5127 and ask for the American Power Group call using pass code 6194993. A replay of the conference call can be accessed until 11:50 PM on February 28, 2017 by calling 1-888-203-1112 and entering pass code 6194993. Read more...

 

American Power Group Announces Completion of a $2.6 Million Private Placement Round With Several Existing Shareholders and Investors Affiliated With Members of its Board of Directors

- New Capital Will Accelerate APG’s Exit From the Oil Crisis and Support Key 2017 Marketing Initiatives -

- Neil Braverman to Become New Chairman of the Board -

- Matt Van Steenwyk Appointed as Lead Strategic Director -

Lynnfield, MA – February 1, 2017 - American Power Group Corporation (OTCQB: APGI) today announced the completion of the initial round of a $3 million private placement of Subordinated Contingent Convertible Promissory Notes (“Notes”) with several existing shareholders, members of management and investors affiliated with members of its Board of Directors. Read more...

 

American Power Group Corporation Reports Fourth Quarter And Fiscal 2016 Results

Lynnfield, MA – January 17, 2017 - American Power Group Corporation (OTCQB: APGI) today announced results for the three months and fiscal year ended September 30, 2016. Read more...

 

CORRECTED: American Power Group Fourth Quarter and Fiscal 2016 Results Conference Call Alert

Lynnfield, MA – January 13, 2017 - American Power Group Corporation (OTCQB: APGI) today announced it will host a conference call on Tuesday, January 17, 2017 at 10:00 AM Eastern to discuss the results for the three months and fiscal year ended September 30, 2016. To participate, please call 1-888-289-0498 and ask for the American Power Group call using pass code 1802679. A replay of the conference call can be accessed until 11:50 PM on January 31, 2017 by calling 1-888-203-1112 and entering pass code 1802679.  Read more...

Investor Relations inquiries should be directed to Chuck Coppa at 781.224.2411 or Mike Porter of Porter, LeVay & Rose at 212.564.4700.

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American Power Group, Inc.  |  2503 E. Poplar Street  |  Algona, IA 50511  |  866.994.7697