Agility Fuel Systems and Cummins announce strategic partnership and equity investment in Agility
SANTA ANA, Calif. and COLUMBUS, Ind. (May 5, 2015) — Agility Fuel Systems, the leading designer and producer of natural gas fuel storage and delivery systems for heavy duty trucks and buses, and Cummins Inc. (NYSE: CMI), the leading provider of diesel and natural gas engines to the trucking industry, announced today at the Alternative Clean Transportation (ACT) Expo in Dallas that they have entered into a strategic partnership intended to improve the natural gas vehicle user experience, and to drive adoption of natural gas as a vehicle fuel for the heavy duty truck and bus markets. Under the terms of the agreement, Cummins will also invest an undisclosed amount in Agility Fuel Systems’ equity.
The partnership includes technology development and integration of software and hardware between the natural gas engine and the onboard fuel storage and delivery system, to significantly improve performance and uptime.
Additionally, Agility and Cummins will integrate their sales and aftermarket support and distribution networks, to further enhance the end-user experience. Customers will soon be able to have service performed and obtain replacement parts for their natural gas-powered equipment at authorized Cummins distributor and OEM truck dealer locations in the United States and Canada.
“Our goal has always been to deliver a diesel-like experience to the end user, making natural gas-powered vehicles as easy to operate and service as diesel vehicles. This partnership with Cummins is a key enabler. By co-developing differentiated and improved natural gas solutions, and utilizing the breadth of Cummins service network, we believe we can accelerate the adoption of natural gas as a fuel for more vehicles, including heavy duty trucks,” said Barry Engle, CEO of Agility.
“Cummins and Agility are committed to bringing an enhanced experience to customers across North America,” said Roe East, General Manager – Cummins OnHighway Natural Gas Business. “We are excited to partner with Agility, and leverage our strengths and expertise to provide even more value to our natural gas customers.”
About Agility Fuel Systems
Agility Fuel Systems, headquartered in Santa Ana, California, is the leading developer and manufacturer of natural gas fuel systems for heavy duty vehicles in North America. Agility’s highly engineered, proprietary heavy duty natural gas fuel systems store, manage and deliver natural gas to the engine, and enable the safe and effective use of natural gas as a vehicle fuel for local, regional and long-haul applications. In operation since 1996, Agility and its predecessor companies have deployed more heavy-duty natural gas fuel systems in North America than any other company. For more information about Agility Fuel Systems and its products, visit the Agility web site at www.agilityfs.com.
About Cummins Inc.
Cummins Inc., a global power leader, is a corporation of complementary business units that design, manufacture, distribute and service diesel and natural gas engines and related technologies, including fuel systems, controls, air handling, filtration, emission solutions and electrical power generation systems. Headquartered in Columbus, Indiana (USA), Cummins currently employs approximately 54,600 people worldwide and serves customers in approximately 190 countries and territories through a network of approximately 600 company-owned and independent distributor locations and approximately 7,200 dealer locations. Cummins earned $1.65 billion on sales of $19.2 billion in 2014. Press releases can be found on the Web at www.cummins.com or www.cumminsengines.com. Follow Cummins on Twitter at www.twitter.com/cummins and on YouTube at www.youtube.com/cummins.
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