Exhibit 99.1
 
 
 
 
News Release
 
 
 
 
FOR IMMEDIATE RELEASE
 
 
 
 
 
Media Contact Information:
 
 
 
Investor Relations Contacts:
Kim Doran
 
 
 
Chuck Coppa, CFO
Quixote Group
 
 
 
American Power Group Corporation
336-413-1872
 
 
 
781-224-2411
kdoran@quixotegroup.com
 
 
 
ccoppa@americanpowergroupinc.com  
 
 
 
 
 
 
 
 
 
Mike Porter
 
 
 
 
Porter, LeVay, & Rose, Inc.
 
 
 
 
212-564-4700
 
 
 
 
mike@plrinvest.com
    
American Power Group Corporation Reports Fourth Quarter And Fiscal 2014 Results
Lynnfield, MA - December 22, 2014 - American Power Group Corporation (OTCQB: APGI),
today announced results for the three and twelve months ending September 30, 2014. Several areas of recent notable progress are:
Financial Highlights:
Fiscal 2014 yearend backlog of $970,000 which was almost 2X the beginning of the fiscal year. Current backlog is $1.9 million and relates exclusively to vehicular conversions.
Total fiscal 2014 vehicular conversion revenue grew 54 percent over fiscal 2013 and 544 percent over fiscal 2012.
Over 500 APG dual fuel vehicular conversion units running worldwide with cumulative miles totaling over 50 million.
Total fiscal 2014 stationary conversion units shipped grew 12 percent over fiscal 2013 and 175 percent over fiscal 2012.
Over 500 APG dual fuel stationary conversion units operating in North America.
Operational Highlights:
Vehicular:
First EPA IUL approval for Volvo/Mack received in December 2014 for 28 engine families.
Vehicular:
Expanded sales and marketing initiative announced in October 2014 to including co-marketing relationships with large national and regional CNG and LNG fuel suppliers.
Vehicular:
APG software upgrade reduces driver variability impact on net fuel savings resulting in an average 5 additional diesel displacement points.
Stationary:
Software and hardware upgrades for oil and gas applications allowing for utilization of a wider variation in the quality of well head/ditch gas which opens up more opportunities to use inexpensive well head/ditch gas on site.
International:     New dealer/installer agreements signed in Columbia and Peru.
Lyle Jensen, American Power Group Corporation’s Chief Executive Officer stated, “The past 120 days have been very productive with the announcement of (1) our first series of Intermediate Useful Life EPA approvals which opens up newer engine conversion opportunities for us; (2) a new $3.2 million expanded and extended bank credit facility; (3) $650,000 of new international vehicular orders; (4) a new and expanded sales and marketing initiative where we will be partnering with some of the largest national and regional natural gas suppliers in the U.S. and (5) a $2 million capital raise with a strategic investor. This period has also been very interesting in regards to the recent dramatic drop in domestic oil prices and the impact it has had on companies involved in the natural gas vehicular industry.”
Mr. Jensen added, “In regards to the potential impact on our business model the current low oil prices could have, we expect there will be some impact on our business but we believe our low cost of conversion and the flexibility to always go back to 100%


The following information was filed by American Power Group Corp (APGI) on Monday, December 22, 2014 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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