Clean Energy's BAF Subsidiary Receives Second 463-CNG-Vehicle Conversion Order from AT&T for 2010
SEAL BEACH, Calif., Dec 21, 2009 (BUSINESS WIRE) -- AT&T has awarded to BAF Technologies, Inc., a wholly owned subsidiary of Clean Energy Fuels Corp. (Nasdaq: CLNE), an order to convert 463 Ford E-250 vans to run on compressed natural gas (CNG) to be fulfilled during the second quarter of 2010. The new order is in addition to a 463-unit order from AT&T for vehicles to be delivered during the first quarter of 2010. Additionally, although no formal order has been made, AT&T has requested that BAF procure on AT&T's behalf CNG cylinders for 463 additional conversions to be completed in the third quarter of 2010.
Through BAF, AT&T is planning to convert a total of 1,850 vans in 2010, and is exploring additional vehicle conversions of other vehicle types, including Ford F-Series trucks.
BAF anticipates completing the 600 van conversions awarded by AT&T to BAF during 2009 by yearend. This past March AT&T announced its intent to deploy more than 15,000 alternative-fuel vehicles, approximately 8,000 of which are expected to be natural gas vehicles.
"The new orders demonstrate AT&T's determination to significantly alter its fleet to alternative-fuel vehicles," said Andrew J. Littlefair, Clean Energy President and CEO. "They also reflect AT&T's choice of BAF as a superior conversion specialist for their vehicles."
BAF also announced that the Ford E-250/350 Van has been successfully crash-tested to meet the FMVSS 303 (Federal Motor Vehicle Safety Standard). Additionally, Ford has approved the engine system for these vehicles converted by BAF and noted that Ford's warranty covers everything in the vehicle as with any standard Ford vehicle.
"We are continuing to pursue additional national fleet conversion opportunities using BAF's technology," added Mr. Littlefair.
BAF is the premier provider of natural gas vehicle conversions. Founded in 1992, the company supports global clients with alternative fuel systems, application engineering, technical training, service parts, technical consulting, research and development, design, and engineered products. During the past decade, the company has been the leader in marketing and systems integration for niche markets within the AFV industry. Visit www.BAFtechnologies.com
Clean Energy (Nasdaq: CLNE) is the leading provider of natural gas (CNG and LNG) for transportation in North America. It has a broad customer base in the refuse, transit, ports, shuttle, taxi, trucking, airport and municipal fleet markets, fueling more than 17,500 vehicles at 195 strategic locations across the United States and Canada. Clean Energy owns and operates two LNG production plants, one in Willis, TX and one in Boron, CA, with combined capacity of 260,000 LNG gallons per day and designed to expand to 340,000 LNG gallons per day as demand increases. It also owns and operates a landfill gas facility in Dallas, TX that produces renewable methane gas or biomethane for delivery in the nation's gas pipeline network. Clean Energy also owns and operates BAF of Dallas, TX, a leading provider of natural gas vehicle systems and conversions for taxis, limousines, vans, pick-up trucks and shuttle buses. 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, including statements about the fulfillment of the AT&T orders by BAF, the number of vehicles that AT&T may ultimately convert to run on natural gas and the conversion of other national fleet vehicles to run on natural gas . Actual results and the timing of events could differ materially from those anticipated in these forward-looking statements as a result of several factors, including but not limited to the availability and cost of the Ford vehicles that BAF anticipates converting for AT&T, the availability and cost of the equipment necessary to convert the vehicles to run on natural gas, the performance and cost of the converted vehicles, any unanticipated termination of the AT&T purchase order by AT&T prior to fulfillment and BAF's ability to timely procure necessary equipment and personnel to convert the vehicles. The forward-looking statements made herein speak only as of the date of this press release and the company undertakes no obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances.
SOURCE: Clean Energy
Bruce Russell, 310-559-4955 x101
Ina McGuinness, 310-954-1100
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