Clean Energy to Build and Operate ''Green'' Natural Gas Fueling Station for Orange County Transportation Authority for Growing Fleet of Contracted Fixed Route Buses
SEAL BEACH, Calif., Feb 05, 2008 (BUSINESS WIRE) -- Clean Energy Fuels Corp. (Nasdaq:CLNE), North America's leader in clean transportation, has been awarded a contract valued at $3.6 million by the Orange County Transportation Authority (OCTA), to design, build and operate the new clean-burning, compressed natural gas (CNG) refueling station at the Authority's Irvine, California maintenance facility.
"We are pleased to begin working with OCTA for its contracted fixed route CNG vehicles, which serve part of the transit needs for the Orange County region surrounding our headquarters in Seal Beach, California," said Andrew J. Littlefair, Clean Energy President and CEO. "This contract extends on our fueling and service relationships with many major transit agencies throughout Southern California."
Initially, the new station will fuel OCTA's fleet of 63 contracted fixed route CNG buses with an estimated 500,000 gallons of natural gas annually. The Authority plans to grow the CNG bus fleet.
About Clean Energy
Clean Energy, based in Seal Beach, Calif., 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, intrastate and interstate trucking, airport and municipal fleet markets, fueling more than 14,000 vehicles daily at over 175 strategic locations across the United States and Canada. Information at: 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. Actual results and the timing of events could differ materially from those anticipated in these forward-looking statements, including the actual number of gallons of natural gas consumed annually by the OCTA fleet. 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 Fuels Corp.
News Media Clean Energy Fuels Corp. Christine Thomas, 310-559-4955 x103 Cell: 310-922-5897 cthomas@cleanenergyfuels.com or Investors John Mills or Ina McGuinness, 310-954-1100
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