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By: AllPennyStocks.com
To get the economy going again, it’s important that goods be moved from one
place to another. The hitch is that the fuel that powers this transportation
reduces our carbon footprint rather than increasing it. Companies that master
this technology may find themselves with a distinct advantage over the
competition, and thus, may win the derby for investment dollars.
So it was in the first week of July that Iowa-based GreenMan Technologies, Inc.
(OTCBB:GMTI) announced that its APG International, Inc. subsidiary ("APGI")
received an order from its local distributor on behalf of Nigeria-based
soft-drink distributor Seven-Up Bottling Company PLC, for the conversion of
approximately 25% of their local delivery truck fleet.
The initial order is valued at approximately $440,000 and is expected to be
completed by the end of September. Seven-Up Bottling has verbally indicated that
upon the successful completion of this initial order they intend to place an
order to convert their remaining local delivery truck fleet over a six to nine
month period. The estimated value of this potential follow-on order is
approximately $1.22 million.
What’s remarkable is that APGI's dual fuel system converts existing engines to
function more efficiently and at a lower operating cost (fuel costs reduced by
25% to 35%) by seamlessly displacing 40% to 60% of the normal diesel fuel
consumption with compressed natural gas ("CNG") or biomethane.
In addition, the duel fuel conversion system reduces toxic emissions such as
nitrogen oxide, carbon monoxide and fine particulate matter as well as enhancing
the engine's operating life, since natural gas is a cleaner burning fuel source.
GMTI, through its subsidiaries, provides technological processes and unique
marketing programs for alternative energy, renewable fuels and innovative
recycled products. The APG subsidiary provides a cost-effective dual fuel
technology for diesel engines. The Company's Green Tech Products subsidiary
develops and markets branded products and services that provide schools and
other political subdivisions viable solutions for safety, compliance and
accessibility.
The news of the Seven-Up contract woke investors from their summer slumber, and
caused a significant rise in shares to change hands on July 8, driving the price
to a new 52-week intraday high of 69 cents at time of writing, up nine cents or
15%, from the day before. The 52-week low is 20 cents, to which the price sank
on June 4. Simply put, this green technology company is on the move, and causing
its customers, and the small cap market, to do the same.
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