UPDATE - Enerpulse Technologies to Meet With Fifty Targeted Customers at the 2015 Power-Gen International Conference
ALBUQUERQUE, NM--(Marketwired - Dec 7, 2015) - Enerpulse Technologies (OTCQB: ENPT) announced today that its Technical Sales Specialist, Andrew Moser, will be attending this year's Power-Gen International Conference in Las Vegas, Nevada from December 8th to the 10th. Moser will be meeting with close to fifty targeted customers in the global power-generation market.
Enerpulse Technologies recently announced successful laboratory testing of its NMH2L plasma spark plug, designed for large stationary natural gas fueled industrial engines. The company has begun field testing this model with several large industrial engine operators. Once validated, the NMH2L will be added to Enerpulse's catalog of existing Pulstar plasma spark plugs specifically designed for natural gas fueled industrial engines. At the conference, Moser will share the positive preliminary test results gathered from Enerpulse's active field testing which is set for completion in first quarter 2016.
According to Power Systems Research, there were 224,000 industrial alternative fuel engines in operation in 2013. That is expected to expand to 890,000 engines by 2019, representing a Compounding Annual Growth Rate (CAGR) of 25.85% for the global industrial alternative fuels market. Using these numbers, Enerpulse Technologies estimates total available market (TAM) for their Pulstar Natural Gas spark plug line of nearly $180mm in 2016 which doubles to nearly $360mm over the next three years. Due to the extraordinary engine performance benefits delivered by Enerpulse's plasma spark plug technology, the company expects to capture a large portion of this market with commercial sales beginning in first quarter 2016.
Enerpulse expects commercial sales begin in first quarter 2016, following successful field trails. Revenue ramp-up is expected to follow through 2016 and beyond. The smallest engine operator currently in field testing represents potential sales of $1.5 million annually.
According to Lou Camilli, Chief Technology Officer and President of Enerpulse Technologies, "We are seeing positive results in operating efficiency, fuel economy gains and reduced emissions delivered by Pulstar's plasma-assisted combustion technology. We are excited to share these preliminary test results and are confident they will be received as an exciting opportunity for these potential customers."
About Pulstar Spark Plugs
Pulstar Spark Plugs use an internal capacitor to create an intense nano-second burst of energy upon spark formation, saturating the fuel with combustion enhancing plasma. The ability to produce large amounts of highly-reactive plasma allows Pulstar Spark Plugs to improve ignition and combustion of fuels with high flash-points such as natural gas. Testing of existing Pulstar Spark Plug models in various natural gas fueled engines has shown fuel efficiency gains of up to 2.8%, emissions reduction of up to 8% and have increased stability by improving Coefficient of Variation of Indicated Mean Effective Pressure (CoV of IMEP) by up to 17%.
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. Enerpulse is currently commercializing a proprietary plasma spark plug technology called n-PAC® that significantly improves the performance, fuel efficiency and emissions of internal combustion engines under the brand name Pulstar® to Automotive OEMs, the natural gas engine market and the commercial car and motorcycle aftermarket. Pulstar is available through more than 12,000 store-based retailers and most major internet-based retailers in North America. For more information on Enerpulse, please call 888-800-6700 or visit www.enerpulse.com.
Safe Harbor / Forward-Looking Statements
This news release contains "forward-looking statements" as that term is defined in Section 27(a) of the United States Securities Act of 1933, as amended and Section 21(e) of the Securities Exchange Act of 1934, as amended. Information provided by the Company such as online or printed documents, publications or information available via its website may contain forward-looking statements that involve risks, uncertainties, assumptions, and other factors, which, if they do not materialize or prove correct, could cause its results to differ materially from historical results, or those expressed or implied by such forward-looking statements. All statements, other than statements of historical fact, are statements that could be deemed forward-looking statements, including statements containing the words "planned," "expects," "believes," "strategy," "opportunity," "anticipates," and similar words. These statements may include, among others, plans, strategies, and objectives of management for future operations, marketing and sales; any statements regarding proposed new products, services, or developments; any statements regarding future economic conditions or performance; statements of belief; and any statements of assumptions underlying any of the foregoing. These forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially, including market conditions, risks associated with the cash requirements of our business and other risks detailed from time to time in our filings with the Securities and Exchange Commission, and represent our views only as of the date they are made and should not be relied upon as representing our views as of any subsequent date. We do not assume any obligation to update any forward-looking statements.
(December 7, 2015 - 11:37 AM EST)
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