ALBUQUERQUE, NM--(Marketwired - Aug 20, 2015) - Enerpulse Technologies, Inc. (OTCQB: ENPT)
Dear Valued Shareholder,
Over the past year, Enerpulse has experienced growth and expansion of our professional team, research pipeline, and market development activities. We continue to champion our company's purpose: to deliver new technology advancements through innovative science. As a result, Enerpulse is now established as a leader in Plasma Assisted Combustion (PAC) technology and is positioned to participate in a 10 billion dollar total available market. As we celebrate the four-year anniversary of expanding our market reach to the NatGas engine and automotive OEM verticals, we reflect on our accomplishments to date: an industry-leading PAC technology pipeline, a state-of-the-art technology platform, a growing Pulstar® brand franchise, key industry and academic collaborations, a diverse range of research programs, and an employee culture aligned with our values and purpose. I would like to expand upon these recent achievements and our vision at Enerpulse.
We have focused our efforts and aligned our technology pipeline to address one of the greatest challenges facing the automotive and industrial engine markets today: meeting current and future global exhaust emissions and fuel consumption regulations. Countries around the world, including the United States, Western Europe, China, Japan, India and others, are swiftly strengthening regulations to curb greenhouse gas. At the core of this problem is inefficient combustion of fossil fuels, resulting in wasted energy, excessive carbon/NOx emissions and sub-optimal engine performance. At Enerpulse, we believe that our nano-Plasma® technology will replace conventional spark plugs and become a significant contributor in improving the combustion efficiency and carbon output of spark ignited internal combustion engines whether fueled by gasoline or any form of natural gas.
With this context, let me update you on the growth initiatives underway this year. As you know, over the last four years we have refined the quality, performance and third-party recognition of our unique technology. Now Enerpulse's nano-Plasma products stand alone in the market. We have built a platform for growth by investing in testing and relationship-building with major automotive OEMs and also capitalized on the fact that our novel spark plugs deliver superior results in natural gas engines -- both conversions (one of the fastest growing vehicle classes) and large stationary engines used across large industry verticals.
Having established this platform, this year our priorities are:
- Grow revenue and deployment of our products in the automotive performance and powersports aftermarket -- we are already seeing year-over-year revenue growth
- Establish customer relationships and initiate revenues in the natural gas fueled vehicular and stationary engine segments, positioning for a steep ramp-up in 2016.
- Build partnerships with world leaders in engine and ignition systems to ensure inclusion of nano-Plasma products in the latest engine platforms -- we expect to announce up to two significant partnerships yet this year.
- Position ourselves for scale -- Lou Camilli, our president & CTO, is progressing in discussions with a global Tier-1 spark plug manufacturer.
- Continue to accelerate progress toward OEM platform adoption -- Europe is progressing and we will be in Asia during early Q-4 to discuss testing protocols with leading OEMs there.
At the end of the day, we know it is all about proving our value to both existing and new customers -- and, executing our Plan. Enerpulse's entire team, including our expanded Board, is enthusiastic about our innovative technology and value proposition; and, we are all committed to delivering results and enhanced value to our shareholders.
I want to express my sincere appreciation to all our shareholders. We are making clear progress towards accomplishing our mission to deliver truly advanced technology through innovative science. As we continue on our journey we are thankful for your ongoing confidence and support.
Joseph E. Gonnella
Chief Executive Officer
About ENERPULSE (OTCQB: ENPT)
Enerpulse Technologies, Inc. is a publicly traded company headquartered in Albuquerque, N.M. Founded in 2004; the company develops and manufactures ultra-high performance, low emissions ignition products through the application of pulse power technology. For more information, visit www.enerpulse.com.
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