IFS receives initial $1M purchase order from KAG Canada

EDMONTON — Innovative Fuel Systems Limited (IFS), an Edmonton-based privately-owned cleantech company that provides products that generate fuel savings and reduce greenhouse gas emissions in heavy-duty trucks, received an initial $1M purchase order from KAG Canada for IFS’ patent-pending retrofit technology, Multi-Fuel Technology Platform (MFTP™).

“We’re expanding the use of IFS’ MFTP™ technology within our Canadian fleet because it provides GHG emissions reductions and fuel savings and has proven to be very reliable in our 2 years of commercial operations,” said Chris Chapman, Vice-President, Fleet Services, KAG Canada. “We’ll continue to further roll out the IFS technology as driven by our customers’ needs to reduce GHG emissions from our trucking operations.”

This initial order will commence the first stage of KAG’s deployment of IFS’ MFTP™ technology on existing HD trucks in Alberta and Ontario. By using IFS’ MFTP™ technology to displace diesel fuel with cleaner burning natural gas, KAG can reduce GHG emissions and fuel costs in their commercial HD truck operations.

“Our best-in-class MFTP™ retrofit technology is the only available methodology that can economically reduce GHG emissions for existing HD diesel trucks. With several years of commercial deployments, our MFTP™ technology has proven to add value by reducing GHG emissions and fuel costs,” said Leland Oberst, President and Chief Executive Officer of IFS. “We are delighted that KAG has chosen our MFTP™ technology as part of their HD truck GHG emissions reduction strategy.”