Concept Development Agreement: Clean Air Power (AIM: CAP), the developer and global leader in Dual-Fuel engine management software for heavy duty vehicles, today announces that it has entered into a funded concept development agreement with a global truck manufacturer to develop a Dual-Fuel engine for a South East Asian market. This is the first program to be awarded through the cooperation agreement with Ricardo, Inc, signed in September 2013.
The purpose of the development program is to utilise Clean Air Power’s Dual-Fuel™ combustion technology to deliver an advanced dual-fuel engine that not only achieves its emissions objective but also reduces the extent of emissions after-treatment required by the base diesel engine.
Subject to a successful concept phase, expected to last 6 months, the agreement will then enter a second stage to bring the advanced dual-fuel engine to start of production.
Commenting on the agreement, John Pettitt, CEO of Clean Air Power, said:
“It is a pleasure to be announcing a concept study so quickly after entering the cooperation agreement with Ricardo. This is a very exciting but challenging program which highlights the interest in our technology in major world markets including Asia.”
