Fuel Systems Solutions, Inc. (FSYS)

[Democritus_of_Abdera]

Re: hope for rebound...

I don’t see any near term catalysts... hopefully I’m wrong.

The good news that we have had in the past month has not had a positive impact on share prices. Three such news items are listed below... Admittedly, these are incremental advances. But they do represent progress in the right direction.... The one big item on the table, the Nat Gas Act, is unlikely to be signed into law this year, in my opinion. However, news regarding its progress through the legislative process might cause the volatility that day traders seek.

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2011-05-31 http://fleetowner.com/green/archive/impco-cng-systems-carb-0531/

Impco Automotive has announced that its dedicated compressed natural gas (CNG) fuel systems for Ford and General Motors vehicles have received California Air Resources Board (CARB) certification. The dedicated CNG systems can be installed on the following 2011 vehicles:

Ford E-150/250 trucks and E-250 E-Series vans with 5.4L V8 engine
Ford E-450 E-Series cutaway cab-chassis with 6.8L 2v V8 engines
Ford F-450/550 Super Duty trucks with 6.8L 3v V8 engines
GMC/Chevrolet 2500/3500 Express/Savana vans with 4.8L and 6.0L V8 engines
General Motors 4.8L V8 engine for heavy-duty applications rated for 10,001-14,000 lbs GVW
General Motors 6.0L V8 engine for heavy-duty applications rated over 14,000 lbs. GVW

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2011-06-06 http://www.annarbor.com/autos/gm-talks-up-plans-to-invest-in-advanced-propulsion-systems/

General Motors Co. has plans for a commercial truck with a bifuel engine that can run on compressed natural gas or gasoline — part of longer-range plans to focus on advanced propulsion systems, the Detroit News reported today

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2011-06-14 http://www.journalgazette.net/article/20110614/LOCAL/306149971

A fueling infrastructure and equipment plan under way at the Indiana Department of Transportation should save Indiana taxpayers about $1 million, Lt. Gov. Becky Skillman said Monday.....

Productive Concepts Inc. in Union City is converting the state-owned vehicles, Skillman said. Manchester Tank & Equipment Co., with offices in Bedford and Elkhart, will supply the tanks....

A $6.3 million federal American Recovery and Reinvestment Act grant through the Indiana Office of Energy Development and Greater Indiana Clean Cities help funds the INDOT infrastructure and vehicle conversion..... The state will convert 645 vehicles this year, said Joe Rudolph, INDOT’s technical service director. Those vehicles include pickup trucks used for construction sites, double-cab pickups used to transport workers and tools, cargo vans used for survey crews and signal technicians, dump trucks and even lawn mowers.

It costs $5,500 to $7,200 to convert each vehicle, Rudolph said, but the department will easily recover those costs in gasoline savings over the life of the vehicle.The majority of the converted vehicles will operate on propane, while 19 will be converted to use CNG as part of a pilot program, said INDOT spokesman Will Wingfield. There are four service sites where vehicles can “gas up” in the Fort Wayne area in addition to one in New Haven, Wingfield said. The vehicles use conventional gasoline when started, Wingfield said, but as soon as the vehicle warms up, it switches to propane or CNG. If a driver runs out of propane or CNG, the vehicle switches back to using gasoline.