BAF, a wholly owned subsidiary of Clean Energy Fuels Corp. (Nasdaq: CLNE), staged Open House ceremonies yesterday at its new Dallas production facility to mark the company’s 20th Anniversary and the completion of its 20,000th compressed natural gas (CNG) vehicle conversion.
Located at 2176 French Settlement Road in Dallas, the new 91,000-square-foot BAF headquarters site houses the company’s R&D, vehicle conversion, and service operations.
On hand for the Open House event, Douglas R. Clark, President of the Omaha, NE Metropolitan Utilities District, officially took possession of BAF’s 20,000th CNG conversion, a dedicated Ford F-250 pickup truck for use in the District’s service fleet.
BAF President John Bacon told event guests, “This is a landmark day in the history of BAF. We’re celebrating 20 years in the business. We have opened the doors of our new facility, and we are commemorating these events with the delivery of our 20,000th natural gas vehicle conversion. Our industry has grown from just an idea 20 years ago to today, when hundreds of natural gas-powered vehicle fleets are deployed across the nation every day.”
Bacon added, ”Just this year, BAF expects to convert more than 5,000 vehicles to CNG power, and we are very excited about our prospects for continuing growth in the next 20 years.”
Special guests at the anniversary celebration included Dallas Mayor Mike Rawlings and Clean Energy Co-Founders T. Boone Pickens and Andrew Littlefair, who serves as Clean Energy’s CEO.
BAF is the first CNG converter recognized as a Ford Qualified Vehicle Modifier (QVM) for gaseous fuel. Further, the company uses Ford-accredited QCM (Quality Calibrations Modifier) calibrations and all vehicles converted by BAF are registered through Ford QFC (Quality Fleet Care) for all warranty and service work through Ford dealerships. Finally, BAF takes the extra step of crash testing its light-duty vehicle products to achieve federal compliance. It has a network of 65 dealers across the country certified to install BAF’s CNG conversions.
BAF is the only Ford QVM with a full product line up including the F250 through the F550 trucks along with the F53 and 59 package vehicles, the E 250-450 series, the Transit Connect, and the bifuel CNG E-250/350 vans and F-250/350 pickups.
Currently priced up to $1.50 or more per gallon lower than diesel or gasoline (depending upon local markets), the use of natural gas fuels reduces greenhouse gas emissions up to 30% in light-duty vehicles. The U.S. Department of Energy reports that 98% of the natural gas consumed in the U.S. is sourced in the U.S. and Canada, making natural gas a secure North American energy choice.
BAF Technologies is the leading provider of natural gas vehicle systems and conversions in the United States and supports clients with alternative fuel systems. Founded in 1992 and headquartered in Dallas, Texas, BAF was acquired by Clean Energy in October 2009. BAF’s alternative fuel vehicle up-fitting capabilities include aftermarket compressed natural gas (CNG) conversions of Ford-manufactured vans, cutaway shuttles, taxis, pick-ups and light-duty trucks. www.BAFtechnologies.com
Clean Energy (Nasdaq: CLNE) is the largest provider of natural gas fuel for transportation in North America and a global leader in the expanding natural gas vehicle fueling market. We have operations in compressed natural gas (CNG) and liquefied natural gas (LNG) vehicle fueling; construction and operation of natural gas fueling stations; compressor equipment and technology; biomethane production; and vehicle conversion. We fuel over 530 fleet customers and 25,000 vehicles daily at more than 273 strategic locations across the country with a broad customer base in the refuse, transit, trucking, shuttle, taxi, airport and municipal fleet markets.
We are building America’s Natural Gas Highway™, a network of LNG truck fueling stations connecting major freight trucking corridors across the country for coast-to-coast and border-to-border natural gas truck fueling.
IMW Industries, Ltd., a wholly owned subsidiary, is a global supplier of compressed natural gas equipment for vehicle fueling and industrial applications with more than 1,400 installations in 26 countries. NorthStar, a wholly owned subsidiary, is the recognized leader in LNG/LCNG (liquefied to compressed natural gas) fueling system technologies and equipment, station construction and operations. It has built approximately 70% of the LNG fueling stations in the United States. BAF Technologies, Inc., a wholly owned subsidiary, is a leading provider of natural gas vehicle systems and conversions, including taxis, vans, pick-up trucks and shuttle buses. It has converted 20,000 vehicles. With a full line of Ford fleet vehicles, BAF is the first gaseous Qualified Vehicle Modifier (QVM) designated by Ford Motor Company. Clean Energy Renewable Fuels (CERF), a wholly owned subsidiary, is developing renewable natural gas (RNG) or biomethane production facilities in the United States. CERF owns (70%) and operates a landfill gas facility in Dallas, Texas that produces RNG for delivery in the nation’s gas pipeline network for power generation and transportation fuel. CERF is building a second facility in Canton, Michigan, and has contracted for a third in North Shelby, Tennessee. We own and operate LNG production plants in Willis, Texas and Boron, California with combined capacity of 260,000 LNG gallons per day and that are designed to expand to 340,000 LNG gallons per day as demand increases. For more information, visit www.cleanenergyfuels.com
Forward-Looking Statements — This news release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 that involve risks, uncertainties and assumptions, including statements about the number of vehicles BAF expects to convert in 2012 and BAF’s future prospects. Actual results and the timing of events could differ materially from those anticipated in these forward-looking statements as a result of several factors, including, but not limited to BAF’s failure to receive anticipated vehicle orders, the cancellation, delay or reduction of existing vehicle orders, slower than expected adoption of CNG vehicles and continuing economic uncertainty. The forward-looking statements made herein speak only as of the date of this press release and, unless otherwise required by law, the company undertakes no obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances. Additionally, the reports and other documents the Company files with the SEC (available at www.sec.gov) contain risk factors, which may cause actual results to differ materially from the forward-looking statements contained in this news release.