Clean Air Power wins major order from Sainsbury

24th Feb 2014 10:08

Clean Air Power's shares advanced after the maker of dual-fuel engine management systems for heavy duty vehicles won a major order from Sainsbury. The company will supply 50 Genesis-EDGE, Dual-Fuel trucks to the UK supermarket chain. The trucks will be fitted with the Genesis-EDGE system at its facility in Leyland, UK and delivered to Sainsbury's during the first quarter and early second quarter of this year. The vehicles will form part of Sainsbury's UK distribution fleet which already includes 49 Clean Air Power Genesis-EDGE trucks and eight methane diesel installations following orders placed during 2012 and 2013.Chief Executive John Pettitt said: "This is a very significant order for our Genesis-EDGE system and will bring the number of Clean Air Power Dual-Fuel vehicles operating in Sainsburys' UK distribution fleet to over 100. Following our recently announced orders for Dual Fuel systems and components this latest order gives me further confidence that the company is on-course to meet market expectation in 2014."Shares rose 7.14% to 9.38p at 10:25 on Monday.RD