Fuel Systems Solutions (FSYS) Expands Its LPG Reach With CleanFuel USA Deal

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12:32:49 pm on June 1, 2009

Fuel Systems Solutions (FSYS) is expanding the reach of its liquid propane gas kits by signing a non-exclusive distribution agreement with CleanFUEL USA who will market and sell the EPA certified kits for converting GM and Ford vehicles to run on the liquid propane. 

Matthew Beale, Fuel Systems’ President and CFO, said, “Signing this agreement with CleanFUEL USA, an established player in the LPG alternative fuel vehicle market, is another step forward in our U.S. automotive strategy for fleets. We are excited about expanding our distribution channel and marketing our LPG systems through the CleanFUEL installer network.”

FSYS is up 6% today and continuing to look increasingly bullish following the gap up after earnings in early May. 

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