Clean Energy`s BAF Subsidiary Contracts to Convert 501 New Verizon Service Vans to Clean-Burning Compressed Natural Gas (CNG) Power in 2010

* Reuters is not responsible for the content in this press release.

Thu Apr 22, 2010 6:00am EDT

SEAL BEACH, Calif.--(Business Wire)--
BAF, a wholly owned subsidiary of Clean Energy Fuels Corp. (Nasdaq: CLNE), has
received an order from Verizon (NYSE, NASDAQ:VZ) to convert 501 new Ford E-250
Series vans to compressed natural gas (CNG) power. The vans are scheduled for
deployment later this year. 

The vehicles will be equipped with the BAF proprietary clean-air certified
CalComp System. Natural gas produces up to 30 percent lower greenhouse gas
emissions than gasoline in light-and medium-duty vehicles. 

"Verizon`s deployment of natural gas-fueled vehicles sets a powerful example for
fleet operators across America to emulate. Use of natural gas fuel for fleets is
a trend that is rapidly gaining momentum in many U.S. industry sectors," said
John Bacon, President of BAF. "Because it is abundant and renewable, cleaner and
cheaper than gasoline or diesel fuel, natural gas can carry us forward to a
sustainable future." 

The U.S. Department of Energy estimates that 98% of the natural gas consumed in
the U.S. is sourced in North America, and domestic supplies are projected to
last 120 years, based on current consumption levels. Natural gas fuel costs less
per gallon equivalent than gasoline. 

The BAF CNG vehicle up-fits for Verizon will be completed at Steelweld Equipment
Company in Hemet, CA, and Temple, TX; and at North American Equipment Upfitters
in Hooksett, NH. Women-owned businesses, both Steelweld and North American
Equipment Upfitters are participants in Verizon`s Supplier Diversity program.
Steelweld and North American were jointly selected by BAF and Verizon to execute
the installation of the BAF CNG vehicle systems. Both Steelweld and North
American are authorized installers for BAF, and have been long-time suppliers to
Verizon. 

Through its October 2009 acquisition of BAF, Clean Energy provides natural gas
vehicle systems and conversions for the light to medium-duty fleet sector.
Founded in 1992, BAF is the leading provider of natural gas vehicle systems and
conversions in the U.S. The BAF after-market conversion systems ensure that
current natural gas vehicles (NGVs) are available for domestic fleets. BAF`s
natural gas vehicle conversions include taxis, limousines, vans, pick-up trucks
and shuttle buses. BAF utilizes advanced natural gas system technology and has
certified NGVs to meet both EPA and CARB standards. 

Clean Energy (Nasdaq: CLNE) is the leading provider of natural gas (CNG and LNG)
for transportation in North America. It has a broad customer base in the refuse,
transit, ports, shuttle, taxi, trucking, airport and municipal fleet markets,
fueling more than 17,800 vehicles at 196 strategic locations across the United
States and Canada. Clean Energy owns and operates two LNG production plants, one
in Willis, TX and one in Boron, CA, with combined capacity of 260,000 LNG
gallons per day and designed to expand to 340,000 LNG gallons per day as demand
increases. It also owns and operates a landfill gas facility in Dallas, TX that
produces renewable methane gas, or biomethane, for delivery in the nation`s gas
pipeline network. Clean Energy also owns BAF Technologies, Inc. of Dallas, TX, a
leading provider of natural gas vehicle systems and conversions for taxis,
limousines, vans, pick-up trucks and shuttle buses. Please 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 the amount of CNG vehicles that will
utilize the stations and the timing of the construction of the stations. Actual
results and the timing of events could differ materially from those anticipated
in these forward-looking statements as a result of the availability and
performance of CNG vehicles in the vicinity of the stations, the pricing of CNG
vehicles relative to gasoline and diesel vehicles, and unanticipated delays in
the construction of the stations. The forward-looking statements made herein
speak only as of the date of this press release and the company undertakes no
obligation to publicly update such forward-looking statements to reflect
subsequent events or circumstances.

Clean Energy
News Media
Bruce Russell, 310-559-4955 x101
brussell@cleanenergyfuels.com
or
Investors
Ina McGuinness, 310-954-1100 

Copyright Business Wire 2010

Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.