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foggdogg

12/18/06 10:09 AM

#347 RE: SAMEM11 #344

Statement from Mr. Clancy...

"This represents a significant opportunity for us to showcase the versatility and range of our patent dual-fuel system," said CEO Mark Clancy. "We have been successful in taking the Mercedes engine up to the maximum OEM specs for horsepower while achieving a 65% displacement of diesel with natural gas. This translates into a dramatic and meaningful reduction in fuel costs as our clients can now replace the majority of its diesel with natural gas. At present in Thailand, the cost of diesel ranges between four and six times the cost of natural gas. This conversion aids in our launch of our major bus contract and we are excited about the position of our technology as we head into the new year," concluded Mr. Clancy.