AMERICAN POWER GROUP CORPORATION (OTCMKTS:APGI) Files An 8-K Regulation FD Disclosure
Item 7.01. Regulation FD Disclosure
On February 14, 2017, American Power Group Corporation (the
Company) held a telephonic conference call to provide an update
on the Company to investors. With this Current Report, the
Company is furnishing a transcript of the conference call. The
conference call transcript and the information in Item 7.01 of
this Current Report shall not be deemed filed for purposes of
Section 18 of the Securities Exchange Act of 1934, nor shall they
be deemed incorporated by reference in any filing under the
Securities Act of 1933, except as shall be expressly set forth by
specific reference in such filing.
Caution Regarding Forward-Looking Statements and
Opinions
With the exception of the historical information contained in
this release, the matters described herein contain
forward-looking statements and opinions, including, but not
limited to, statements relating to new markets, development and
introduction of new products, and financial and operating
projections. These forward-looking statements and opinions are
neither promises nor guarantees, but involve risk and
uncertainties that may individually or mutually impact the
matters herein, and cause actual results, events and performance
to differ materially from such forward-looking statements and
opinions. These risk factors include, but are not limited to, the
fact that our dual fuel conversion business has lost money in the
last five consecutive fiscal years, the risk that we may require
additional financing to grow our business, the fact that we rely
on third parties to manufacture, distribute and install our
products, we may encounter difficulties or delays in developing
or introducing new products and keeping them on the market, we
may encounter lack of product demand and market acceptance for
current and future products, we may encounter adverse events
economic conditions, we operate in a competitive market and may
experience pricing and other competitive pressures, we are
dependent on governmental regulations with respect to emissions,
including whether EPA approval will be obtained for future
products and additional applications, the risk that we may not be
able to protect our intellectual property rights, factors
affecting the Companys future income and resulting ability to
utilize its NOLs, the fact that our stock is thinly traded and
our stock price may be volatile, the fact that we have preferred
stock outstanding with substantial preferences over our common
stock, the fact that the conversion of the preferred stock and
the exercise of stock options and warrants will cause dilution to
our shareholders, the fact that we incur substantial costs to
operate as a public reporting company and other factors that are
detailed from time to time in the Companys SEC reports, including
the report on Form 10-K for the year ended September 30, 2016 and
the Companys quarterly reports on Form 10-Q. Readers are
cautioned not to place undue reliance on these forward-looking
statements and opinions, which speak only as of the date hereof.
The Company undertakes no obligation to release publicly the
result of any revisions to these forward-looking statements and
opinions that may be made to reflect events or circumstances
after the date hereof or to reflect the occurrence of
unanticipated events.
Item 9.01. Financial Statements and Exhibits
(d) Exhibits
| Exhibit No. | Description |
99.1 Transcript of American Power Group Corporation Update
Conference Call, held February 14, 2017 at 9:00 AM CST
About AMERICAN POWER GROUP CORPORATION (OTCMKTS:APGI)
American Power Group Corporation operates through two segments: dual fuel conversion operations and natural gas liquids operations. The Company’s dual fuel conversion system is an external fuel delivery enhancement system that converts existing diesel engines into environmentally friendly engines that have the flexibility, depending on the circumstances, to run on diesel fuel and compressed natural gas (CNG) or liquefied natural gas (LNG); diesel fuel and pipeline gas, well-head gas or approved bio-methane, and diesel. The Company’s technology displaces approximately 75% (average displacement ranges from 40% to 65%) of the normal diesel fuel consumption with various forms of natural gas. The Company provides flare capture and recovery services to operators of the drilling equipment needing to meet their mandated flare gas capture limits by processing their previously flared gas for an agreed upon processing fee. AMERICAN POWER GROUP CORPORATION (OTCMKTS:APGI) Recent Trading Information
AMERICAN POWER GROUP CORPORATION (OTCMKTS:APGI) closed its last trading session down -0.004 at 0.109 with 68,900 shares trading hands.