Chilliwack BC, Canada (December 12, 2011) — IMW Industries, a subsidiary of Clean Energy Fuels Corp. (Nasdaq: CLNE), has introduced a new self-contained, mobile compressed natural gas (CNG) fueling station designed for small to mid-size vehicle fleets. Offering both time-fill and fast-fill fueling capabilities, the natural gas compression/dispensing system is mounted on a 24-foot trailer for quick deployment to fleet locations across the country to provide CNG fueling for new fleets or while a permanent station is under construction or undergoing equipment maintenance.
With the growing demand for natural gas fueling by vehicle fleets, the mobile station can be deployed and operating in days rather than months providing the economic and environmental benefits of using natural gas fuel quickly.
Enclosed in a protective trailer shell, the new IMW system can fuel CNG-powered refuse trucks, delivery trucks, service vans or other types of vehicle fleets. It features on-board fueling capability for 10 vehicles simultaneously in time-fill mode or for two vehicles in fast-fill mode. It is designed for use together with a portable generator (or site power) and an onsite utility gas supply connection.
Brad Miller, President and CEO of IMW, said, “This new product offering broadens our capabilities in the expanding market for natural gas compression equipment for fueling transportation in North America and worldwide. The flexibility and utility of this mobile CNG system support fleet operators looking to provide temporary or emergency coverage for their CNG fueling networks. The mobile CNG fueling package includes proven IMW CNG components in a system that combines ease of mobility with plug-and-play installation simplicity.”
Each package has an industrial CNG compressor, high-pressure CNG storage, multi-point CNG dispensing, gas controls and electrical controls in a unique, purpose-built transport trailer.
Miller added, “At the heart of the mobile unit is the proven onboard IMW50 reciprocating compressor, and all the supporting equipment designed for compressing and dispensing natural gas quickly and safely while providing maximum cost-savings and environmental benefits to fleets.”
Currently priced up to $1.50 or more per gallon lower than diesel or gasoline (depending upon local markets), the use of natural gas fuel reduces costs significantly for vehicle and fleet owners, and reduces greenhouse gas emissions up to 30% in light-duty vehicles and 23% in medium to heavy-duty vehicles. Additionally, natural gas is a secure North American energy source with 98% of the natural gas consumed produced in the U.S. and Canada.
IMW Industries manufactures and services advanced natural gas fueling compressors and related equipment that is sold to station operators and commercial fleets, and has provided more than 1,200 installations in 24 countries. The company operates a manufacturing facility at its headquarters near Vancouver, BC, Canada, a second manufacturing facility near Shanghai, China, and a third manufacturing facility near Ferndale, Washington, USA. IMW is a subsidiary of Clean Energy Fuels Corp. For more information visit www.imw.ca.
Clean Energy (Nasdaq: CLNE) is the largest provider of natural gas fuel for transportation in North America and a global leader in the expanding natural gas vehicle market. It has operations in CNG and LNG fueling, construction and operation of CNG and LNG fueling stations, biomethane production, vehicle conversion and compressor technology. For more information, visit www.cleanenergyfuels.com.
Forward-Looking Statements — This news release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 that involve risks, uncertainties and assumptions. Actual results and the timing of events could differ materially from those anticipated in these forward-looking statements as a result of several factors. The forward-looking statements made herein speak only as of the date of this news release and, unless otherwise required by law, the company undertakes no obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances. Additionally, reports and other documents Clean Energy Fuels Corp. (the company’s corporate parent) files with the SEC (available at www.sec.gov) contain risk factors, which may cause actual results to differ materially from the forward-looking statements contained in this news release.