American Power Group Corp (PK:APGI)
Business Focus: Plumbing Fixtures & Fittings
| Sector: Consumer Cyclicals | Industry: Construction Supplies & Fixtures |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 7 Kimball Lane, Building A LYNNFIELD MA 01940 |
| Tel: | 1-781-224-2411 |
| Website: | www.americanpowergroupinc.com |
| IR: | See website |
| Key People | ||
| Matthew Van Steenwyk Chairman of the Board | Charles E. Coppa Chief Executive Officer, Chief Financial Officer, Treasurer, Secretary | |
| Business Overview |
| American Power Group Corporation, through its subsidiary, American Power Group Inc., provides alternative fuel solutions to the heavy-duty truck and high-horsepower stationary power generation industries. Its Turbocharged Natural Gas Dual Fuel Conversion Technology is a non-invasive hardware and software solution that can enable existing high-horsepower vehicular and stationary diesel engines to safely displace up to 60% of diesel with various forms of clean burning natural gas, including low-carbon and negative-carbon renewable natural gas (RNG), captured methane flare gas, conditioned well-head gas, bio-methane gas, compressed natural gas (CNG) and liquid natural gas (LNG). Its dual fuel solution provides users with a technology to meet their environmental, social and corporate governance (ESG) objectives by lowering criteria pollutants and greenhouse gas emissions. Its fuel system has applications in oil and gas recovery, primary power, emergency backup power and others. |
| Financial Overview |
| For the nine months ended 30 June 2017, American Power Group Corp revenues increased 18% to $1.9M. Net loss applicable to common stockholders increased 7% to $8.9M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Higher net loss reflects Natural Gas Liquids segment loss increase from $611K to $3.3M, Dual Fuel Conversion segment loss increase of 26% to $2.8M. |
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