News Release FOR IMMEDIATE RELEASE Investor Relations Contacts: Chuck Coppa, CFO American Power Group Corporation 781-224-2411 ccoppa@americanpowergroupinc.com Mike Porter Porter, LeVay, & Rose, Inc. 212-564-4700 mike@plrinvest.com American Power Group Corporation Reports First Quarter Fiscal 2016 Results Lynnfield, MA – February 11, 2016 – American Power Group Corporation (OTCQB: APGI), today announced results for the three months ending December 31, 2015. Lyle Jensen, American Power Group Corporation’s Chief Executive Officer stated, “While our current overall quarterly revenue was down 53 percent compared to last year due to lower oil prices and the resulting idling of numerous oil rigs, our quarterly non-oil and gas stationary revenue grew 166 percent as compared to December 2014. We have begun to focus our efforts more on sustainability driven opportunities which resulted in the conversion of multiple backup diesel generators for a large sportswear manufacturer’s distribution warehouse during the quarter. Overall vehicular conversion quarterly revenue was up over $100,000 or over 200 percent over the prior year with growth coming from both domestic and international markets.” Mr. Jensen concluded, “Despite the current tight economic price spread between diesel and natural gas, we believe federal and state driven diesel emission reduction programs, as well as incentive/tax rebate programs, present key revenue opportunities for us in 2016. APG’s dual fuel solution has achieved some of the lowest documented NOx levels ever recorded on a Class 8 Heavy Duty truck which, on average, is an additional 50 percent below the current 2010 EPA/CARB NOx level standard. With so much emphasis on climate change and reduction of harmful diesel related emissions, APG is positioned to take advantage of our emission reduction capabilities.” Conference Call Please join us today, February 11, 2016 at 10:00 AM Eastern when we will discuss the results of the three months ended December 31, 2015. To participate, please call 1-888-430-8709 and ask for the American Power Group call using pass code 5014147. A replay of the conference call can be accessed until 11:50 PM on February 29, 2016 by calling 1-888-203-1112 and entering pass code 5014147. Results of Operations Three Months ended December 31, 2015 Compared to the Three Months ended December 31, 2014 Net sales for the three months ended December 31, 2015 decreased $561,000 or 53 percent to $495,000 as compared to net sales of $1,056,000 for the three months ended December 31, 2014. Due to increased oil reserves and a decrease in the growth rate of demand throughout certain parts of the world the price of oil in the U.S. has dropped to the $30 per barrel range which has resulted in a steady decrease in diesel prices during the three months ended December 31, 2015. While natural gas prices at the pump have remained stable, the price spread between lower diesel prices and natural gas have tightened. Because our dual fuel technology displaces diesel fuel with cleaner burning natural gas, the recent decrease in oil/diesel pricing has impacted the timing of dealer restocking orders and the implementation schedules of customers in the near term due to the current tighter price spread between diesel and natural gas. North American stationary revenues for the three months ended December 31, 2015 were approximately $283,000 which was $698,000 or 71 percent lower as compared to revenue of $981,000 for the three months ended December 31, 2014. The decrease was primarily due to the decline in active drilling rigs in the oil and gas industry. Domestic vehicular revenues for the three months ended December 31, 2015 increased $17,000 or 22 percent to $92,000 as compared to revenues of $75,000 for the three months ended December 31, 2014. International vehicular revenues for the three months ended December 31, 2015 were $90,000 as compared to no revenues for the three months ended December 31, 2014. The increase was attributable to an increase in fleet sales for the quarter. Revenues from the Trident NGL Services division were $30,000 for the three months ended December 31, 2015 as compared to no revenue for the three months ended December 31, 2014.


The following information was filed by American Power Group Corp (APGI) on Friday, February 12, 2016 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-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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