American Power Group CFO, Chuck Coppa, Discusses Strong Growth Prospects for 2017
We’re very pleased that we had the opportunity to sit down with Mr. Chuck Coppa, the Chief Financial Officer of American Power Group Corporation (APGI – $0.20). We’ve been following the Company for a while, but recently several events have taken place that give us reason to believe that all the pieces of the puzzle are falling into place.
Mr. Coppa first extensively talks about the Company’s dual fuel technology, which is a non-invasive software driven conversion technology that allows an existing vehicular or stationary diesel engine to reduce diesel consumption by as much as 65%, while significantly reducing its emissions.
He explains that during the past few years, over 700 trucks, which were equipped with such a dual fuel system, covered more than one hundred million miles collectively, giving it a massive amount of credibility in the market place. Consequently, the Company has significant growth prospects in the Unites States, and also in Canada and Mexico where heavy class 8 fleet owners fully recognize the amount of savings that can be generated. The class 8 trucks represent a multibillion dollar market in North America with over 3.5 million trucks in operation.
Investors also find out why American Power Group has recently closed a number of cooperation agreements with natural gas suppliers.
In addition, Mr. Coppa delivers plenty of valuable information about the Company’s wellhead gas flare capture division. The CFO describes that this is a regulatory driven market in which emission requirements constantly become more stringent. As a result, he expects this division to be a fast grower in 2017.
He also discusses the multiyear contract with a multibillion dollar energy company that American Power Group signed last month. Finally, Mr. Coppa provides details about why he feels that 2017 might be the breakthrough year for the Company.
Access our interview by clicking the play button on the media player below,
or download our convenient transcript.
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