Member Article

Leyland's Clean Air Power announce revenues of £6.8 million

Leyland-based Clean Air Power, which designs, develops and delivers compression-ignited natural gas engines, announce revenues of £6.8 million.

This is exceeded expectations by £0.2 million.

The company was founded in 1991, and around £50 million has been invested in developing its technology with the result that 69 patents are currently held or pending

John Pettitt, Chief Executive of Clean Air Power, said: “We are pleased to be able to report that our revenues for the year will marginally exceed expectations.

“Actions taken to control costs and tight management of cash resources has resulted in our cash position being stronger than anticipated thus providing additional headroom for the Company to continue to deliver on its strategy to transition the business to a design, development and delivery partner to OEMs and Tier 1 suppliers.”

This was posted in Bdaily's Members' News section by Sophia Taha .