FOR IMMEDIATE RELEASE
CHESTER, New Jersey, August 25, 2016 – Adsorbed Natural Gas Products Inc. (ANGP) announced today it has received the 2016 Frost & Sullivan New Product Innovation Award for Gas Storage for Natural Gas Vehicles (NGVs).
The esteemed global marketing and consulting company concluded after a complex due diligence process:
“ANGP’s low-pressure adsorbed natural gas (ANG) tank for fueling motor vehicles is an optimized blend of sustainability, cost-effectiveness, and optimized performance. This enables a more rapid adoption of NGVs, which are privately fueled by fleets and individuals. The ANG system focuses on the automobile industry and is targeted toward fleet owners, original equipment manufacturers (OEMs), infrastructure providers for refueling, and retrofitters that convert existing petroleum-based vehicles, enabling them to run both bi-fuel and dedicated NG. Because of its strong overall performance, ANGP is recognized with Frost & Sullivan’s 2016 New Product Innovation Award.”
Frost & Sullivan, with 45 offices on six continents and more than 50 years of experience partnering with Global 1000 companies, emerging businesses and the investment community, grants this award as part of its recognition of industry participants clearly demonstrating “best practices” in their field.
“This is a high honor for ANGP and recognition of our years of focus to commercialize low pressure adsorbed natural gas storage technology for motor vehicles,” said Bob Bonelli, co-founder and CEO of ANGP. Mr. Bonelli added, “This award is shared with the corporations with which we work, including, Ingevity Corporation, United Technologies Research Center, Aspen Compressor and Worthington Industries.”
Frost & Sullivan Industry Analyst, Arpita Mukherjee is quoted, “Frost & Sullivan firmly believes that the on-board, low-pressure adsorbed natural gas (ANG) storage system developed by ANGP and its technology partners is an innovative, game-changing solution in the light duty vehicles’ (LDVs) fueling market. The significant economic benefits of ANGP’s low pressure natural gas storage system will certainly boost the global natural gas (NG) vehicles market while also strengthening the North American NG export industry."
A copy of the full report is available on request.
Adsorbed Natural Gas Products Inc. (ANGP) designs, develops and manufactures on-board low pressure adsorbed natural gas (ANG) storage technology, and related products, for all classes of motor vehicles. The unique ANGP business model of working through a coalition of major corporations, each with specific competencies and global infrastructure, assures the market of the best combination of science, technology and manufacturing. ANGP has one main objective: to be the leading motor vehicle ANG technology company, providing products that are disruptive, enabling and manufactured to the highest standards of safety, performance and reliability. For more about ANGP, please visit www.angpinc.com
For more information, contact:
Matt Bonelli, Vice President
About Frost & Sullivan
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