Applied Natural Gas Fuels, Inc. Announces The Formation Of Their New Infrastructure And Advisory Business Division And The Appointment Of Kishore Duwadi As Senior Engineer
Applied Natural Gas Fuels, Inc. (“ANGF” or the “Company”) (OTCBB: AGAS.OB) today announced the formation of their Infrastructure and Advisory Business Division. This division will offer comprehensive field services and solutions to the underserved LNG and LCNG market. These services include the facilitation of site selection, permitting, engineering design, construction and maintenance. According to Frank Martelli, VP of Operations, “The Infrastructure and Advisory Business Division was created to address a void in the industry. There is strong demand for complete turn-key solutions, and our internal expertise makes us uniquely qualified to provide these services. There are also significant cross-selling opportunities between the LNG and the Infrastructure and Advisory businesses. We are confident in our ability to provide value added services to both existing and new customers in the industry.”
In connection with this newly created division, Applied Natural Gas Fuels, Inc. also announced the appointment of Kishore Duwadi to the role of Senior Engineer. Reporting to Frank Martelli, Mr. Duwadi will be responsible for leading and growing the Infrastructure and Advisory Business Division. Prior to joining Applied Natural Gas Fuels, Inc., Duwadi worked for Prometheus Energy, where he held the position of Senior Controls Engineer. “Kishore brings a tremendous amount of theoretical and hands-on experience in all aspects of the natural gas fuels business,” said Cem Hacioglu, President and CEO of ANGF. “We are extremely excited to have him join our ranks and look forward to working with him as an integral part of the Company's technical management team.”
About Applied Natural Gas Fuels, Inc.
Applied Natural Gas Fuels, Inc. produces, distributes, and sells liquefied natural gas (LNG) and compressed natural gas (CNG) to transportation, industrial, and municipal markets in the western United States and northern Mexico. It offers turn-key fuel solutions to its customers, including delivery of clean LNG fuel, equipment storage, fuel dispensing equipment and fuel loading facilities. ANGF processes LNG in its liquefaction processing plant, which is one of the two primary LNG production facilities in the western U.S. with capacity sufficient to service retail, wholesale, and industrial end users. ANGF also provides LNG and CNG storage, fueling and delivery systems, and executes turn-key fuel solutions that include equipment leasing, station installations, safety and training, temporary fueling stations, and LNG and CNG consulting services. For more information, visit ANGF's website, located at http://www.AppliedNaturalGas.com.Forward Looking Statements This press release contains forward-looking statements that involve risks and uncertainties. The statements contained in this press release that are not purely historical are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. When used in this press release, the words "anticipate”, "believe”, "estimate”, "intend" and "expect" and similar expressions are intended to identify such forward-looking statements. Such forward-looking statements include, without limitation, the statements regarding ANGF’s strategy, future production, future expenses and future liquidity and capital resources. All forward-looking statements in this press release are based upon information available to the Company on the date of this press release, and the Company assumes no obligation to update any such forward-looking statements. The Company's actual results could differ materially from those discussed in this press release. Factors that could cause or contribute to such differences include, but are not limited to, those discussed in the Company's Annual Report on Form 10-K and its other filings with the Securities and Exchange Commission.
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