COLUMBIA, Md., June 1, 2016 /PRNewswire/ — Global performance improvement solutions provider GP Strategies Corporation (NYSE: GPX) announced today that it has signed a contract to design and construct two compressed natural gas (CNG) fueling stations in San Bernardino and Montclair, California for the Omnitrans public transit agency. The contract value exceeds $7 million with project completion expected in the first quarter of 2017.
GP Strategies, the engineering services provider, equipment integrator and turnkey general contractor on the projects, will be working with Omnitrans to customize the CNG fueling stations to suit the needs of their regional fleets. Each station includes new natural gas and electrical supply, multiple 400-horsepower CNG compressors, CNG storage and two to three CNG dispensers. GP Strategies will also provide one year of maintenance for the stations, with the possibility of Omnitrans exercising options for up to two additional years.
Michael Mackey, Vice President of GP Strategies’ Alternative Fuels division, stated, "GP Strategies built Omnitrans’ existing natural gas fueling stations in early 2000, and we are excited to be partnering with them again to help them drive their vision to grow public transportation service."
Natural gas fueling has expanded rapidly over the past few years as environmentally conscious agencies such as Omnitrans are choosing alternatives over petroleum-based fuels. The abundant supply and domestic availability of natural gas makes it a cost-effective option over other fuels.
The construction of U.S.-based natural gas fueling stations strengthens our domestic economy by creating American jobs in the manufacturing, energy and transportation sectors. "It’s rewarding to work on projects that support building America’s alternative fuels infrastructure," added Mackey.
GP Strategies’ Alternative Fuels division is a leader in the design, fabrication, construction and maintenance of natural gas and hydrogen fueling stations, having been involved in the design, fabrication, construction and maintenance of natural gas and hydrogen fueling stations since 1999. To learn more, visit https://www.gpstrategies.com/industry/alternative-fuels.
About GP Strategies
GP Strategies Corporation (NYSE: GPX) is a global performance improvement solutions provider of training, eLearning solutions, management consulting and engineering services. GP Strategies’ solutions improve the effectiveness of organizations by delivering innovative and superior training, consulting and business improvement services, customized to meet the specific needs of its clients. Clients include Fortune 500 companies, manufacturing, process and energy industries, and other commercial and government customers. Additional information may be found at www.gpstrategies.com.
We make statements in this press release that are considered forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934. These statements reflect our current expectations concerning future events and results. We use words such as "expect," "intend," "believe," "may," "should," "could," "anticipates," and similar expressions to identify forward-looking statements, but their absence does not mean a statement is not forward-looking. These statements are not guarantees of our future performance and are subject to risks, uncertainties, and other important factors that could cause our actual performance or achievements to be materially different from those we project. For a full discussion of these risks, uncertainties, and factors, we encourage you to read our documents on file with the Securities and Exchange Commission, including those set forth in our periodic reports under the forward-looking statements and risk factors sections. Except as required by law, we do not intend to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.
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