Adsorbed Natural Gas Products Inc. (ANGP), New Jersey-based developer of on-board low pressure adsorbed natural gas (ANG) storage technology, has been awarded the 2016 Frost & Sullivan New Product Innovation Award for Gas Storage for Natural Gas Vehicles (NGVs).
The global marketing and consulting company concluded after a complex due diligence process: “ANGP’s low-pressure adsorbed natural gas (ANG) tank for fueling motor vehicles is an optimized blend of sustainability, cost-effectiveness, and optimized performance. This enables a more rapid adoption of NGVs, which are privately fueled by fleets and individuals. The ANG system focuses on the automobile industry and is targeted toward fleet owners, original equipment manufacturers (OEMs), infrastructure providers for refueling, and retrofitters that convert existing petroleum-based vehicles, enabling them to run both bi-fuel and dedicated NG. Because of its strong overall performance, ANGP is recognized with Frost & Sullivan’s 2016 New Product Innovation Award.”
Frost & Sullivan, with 45 offices on six continents and more than 50 years of experience partnering with Global 1000 companies, emerging businesses and the investment community, grants this award as part of its recognition of industry participants clearly demonstrating “best practices” in their field.
“This is a high honor for ANGP and recognition of our years of focus to commercialize low pressure adsorbed natural gas storage technology for motor vehicles,” said Bob Bonelli, co-founder and CEO of ANGP. Mr. Bonelli added, “This award is shared with the corporations with which we work, including Ingevity Corporation, United Technologies Research Center, Aspen Compressor and Worthington Industries.”
Frost & Sullivan Industry Analyst, Arpita Mukherjee is quoted, “Frost & Sullivan firmly believes that the onboard, low-pressure adsorbed natural gas (ANG) storage system developed by ANGP and its technology partners is an innovative, game-changing solution in the light duty vehicles’ (LDVs) fueling market. The significant economic benefits of ANGP’s low pressure natural gas storage system will certainly boost the global natural gas (NG) vehicles market while also strengthening the North American NG export industry.”