Niyato Industries Delivers its First Compressed Natural Gas N150
Las Vegas, Nevada (MMD Newswire) May 3, 2012 — Niyato Industries, “where Technology sustains the Eco System” has completed its first compressed natural gas conversion “N150″, a light duty truck based on the Ford F-150 platform this week. Niyato chose the F-150 with its time tested, and consumer approved design. The truck was converted using Ford approved components, with an estimated 27 miles per gallon running on CNG. The N150 meets or exceeds all DOT and EPA requirements and has received an EPA Certificate of Conformity.
Niyato is in discussions with several utility companies to partner with it to build the infrastructure for re-fueling the vehicles in large US cities. “We are going to be aggressively partnering with those visionary utility companies that know this is just the beginning of the CNG demand curve,” said James Gaiser, Chief Marketing Officer for Niyato Industries. “We are actively looking for partners to help speed up production and bring vehicles to market. We anticipate huge demand from federal, state and local governments, as well as, companies that use fleet vehicles for their employees. Savings will be substantial when switching from gasoline to CNG.” Gaiser added.
The United States has a supply of natural gas that will last until 2104 according to government scientists at the United States Energy Information Administration. Compressed natural gas vehicles are gaining popularity because of the huge savings when switching from gasoline to compressed natural gas. Costs for compressed natural gas can run half that of gasoline. Compressed natural gas is the alternative fuel of the future. According to the Department of Energy, “Compared with vehicles fueled with conventional diesel and gasoline, natural gas vehicles can produce significantly lower amounts of harmful emissions such as nitrogen oxides, particulate matter, and toxic and carcinogenic pollutants as well as the greenhouse gas carbon dioxide.” The benefits of CNG are almost endless.
“Demand for CNG vehicles is picking up dramatically” according to Gaiser, “Our Company has had many inquiries from fleet operators around the country looking to buy CNG vehicles. This is the beginning of a revolution in new alternative fuel vehicles and Niyato is at the forefront of this exciting time” Gaiser added. President Obama has been a leader in the push for alternative fuel vehicles and their importance in reducing carbon emissions and decreasing our demand for foreign oil in the United States. Alternative fuel vehicles and especially compressed natural gas vehicles are on a huge growth trajectory. Now is the time to get involved and help America whip its dependence on foreign oil. Niyato has a plan to build the infrastructure needed for new compressed natural gas fueling stations and welcomes strategic partners in the area of natural gas production. Together we will contribute to saving the planet and reviving the US economy.
The company added that it has already landed a contract for the first 12,000 CNG vehicles with a national distribution company. Investors interested in learning more can visit www.niyato.com for more information.
Safe Harbor Statement – This release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 27E of the Securities Act of 1934. Statements contained in this release that are not historical facts may be deemed to be forward-looking statements. Investors are cautioned that forward-looking statements are inherently uncertain. Actual performance and results may differ materially from that projected or suggested herein due to certain risks and uncertainties including, without limitation, ability to obtain financing and regulatory and shareholder approvals for anticipated actions. Such statements are based on management’s current expectations and are subject to certain factors, risks and uncertainties that may cause actual results, events and performance to differ materially from those referred to or implied by such statements. In addition, actual or future results may differ materially from those anticipated depending on a variety of factors, including continued maintenance of favorable license arrangements, success of market research identifying new product opportunities, successful introduction of new products, continued product innovation, sales and earnings growth, ability to attract and retain key personnel, and general economic conditions affecting consumer spending. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof, and does not intend to update any of the forward-looking statements after the date of this release to conform these statements to actual results or to changes in its expectations, except as may be required by law.
SOURCE: Niyato Industries
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