Metropane has a banner year; a 20 percent increase in vehicle conversions.COLUMBUS, Ohio--(BUSINESS WIRE)--Jan. 22, 1996--Metropane Inc., the Columbus-based alternative fuel vehicles Alternative fuel vehicle Conventional fuels such as gasoline and diesel are gradually being replaced by alternative fuels such as gaseous fuels (natural gas and propane), alcohol (methanol and ethanol), and hydrogen. conversion and service company, announced today that it had ended the year with a 20 percent increase in conversion sales and over a million dollars of work in progress. "The trend to alternative fuels is undeniable," said Ron Breeding, Metropane's vice president of corporate development. "The problem, we expect this year and beyond, is keeping up with demand." Metropane opened its third conversion facility outside of Baltimore Baltimore, city (1990 pop. 736,014), N central Md., surrounded by but politically independent of Baltimore co., on the Patapsco River estuary, an arm of Chesapeake Bay; inc. 1745. in December of 1995. "Its capacity is spoken for through the end of the first quarter," Breeding says. Baltimore joins New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of and Phoenix as active areas of operation for the company. "More conversion capacity can be expected in the coming year as situations merit such expansion," he added. "We have better than $10 million in contracts proposed. It's fair to assume that Metropane will win its share of these." Metropane customers include the state of Arizona, the city of Baltimore, the New York/New Jersey Port Authority and numerous utility and commercial fleets who are required to comply with numerous federal and local clean air mandates. Metropane began operation in 1989, has delivered over 2,000 conversions and is one of only nine companies certified See certification. by the American Gas Association. Metropane is traded on the NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on electronic bulletin board system as METP METP Mobile End Transport Protocol METP Mission Equipment Trainer Program METP Manager Exchange and Training Programme . For more information, contact Ron Breeding at 800/648-0233. CONTACT: Metropane Inc., Columbus Ron Breeding, 800/648-0233 |
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