Infrastructure Developments Begins Natural Gas Engine Conversion Operations
SALT LAKE CITY, Dec. 1, 2011 (GLOBE NEWSWIRE) -- Infrastructure Developments Corp., (OTCBB:IDVC.OB - News) today announced that it has begun compressed natural gas (CNG) generator conversion operations in Thailand and that its partner has entered into letters of intent to stage CNG vehicle conversion operation in Arizona.
Infrastructure's first big step into the conversion business is with operations at its facility in Chonburi, Thailand with the diesel to CNG conversion of a huge 250Kva/200Kw Cummins diesel generator. The company expects to expand CNG operations with additional generator acquisitions, conversions and sales in Thailand in the coming months.
Further, Infrastructure's partner, Cleanfield Energy, Inc., entered into letters of intent with U-Fix-It Center -- a Tempe, Arizona-based automotive services facility -- to provide Infrastructure's CNG vehicle conversion in the Phoenix area. The companies expect to close formal agreements by December 6, 2011.
"Our burgeoning operations in the CNG field are very exciting," commented Infrastructure CEO Thomas R. Morgan. "We are seeing great demand in Thailand for CNG generators. We believe this to be a perfect international match for our vehicle conversion in the U.S."
CNG vehicles are gaining in popularity nationwide due to their low cost, low emissions and domestic supply. Many state and local governments are examining plans to transition from gasoline and diesel to CNG and are dedicating resources to developing CNG delivery systems. Infrastructure and Cleanfield intend to aid in this transition in the new term by entering into the vehicle conversion business and in the long term building refueling stations with the help of tax credits and alternative fuel grants.
"Our partnership with Infrastructure has been instrumental in driving our business forward" stated Cleanfield CEO Jim Kisselburg. "In landing a base of conversion operations in Tempe, Cleanfield will do its part to clean the air in Arizona and across the West."
About Infrastructure Developments:
Infrastructure is an engineering and construction services company that services an underserved niche in the global project management spectrum, targeting specialized projects and subcontracts that are too small to attract giant multinational firms, but which still require world-class engineering expertise. Infrastructure’s subsidiary, Intelspec International, Inc., is nearing completion of its design-build contract for the U.S. military’s Lido Phase II Project in Indonesia.
Forward-Looking Statements:
