MTM Gains Exclusive Eni CNG Station Contract

| USA, New York NY and Italy

Eni metano (CNG) stationMTM, a fully owned subsidiary of Fuel Systems Solutions, Inc., through its CUBOGAS brand of compressed natural gas (CNG) compressors and systems for vehicle refueling, has signed a new exclusive multi-year contract with Eni S.p.A., an Italian multinational oil and gas company headquartered in Rome, to supply and maintain new CNG refueling stations to be constructed in Italy.

Under the terms of the contract, over the next three years MTM will supply Eni’s newly constructed natural gas stations with complete “plug&fill” CNG compressors and refueling accessories and will provide station maintenance over the next five years.

Massimiliano Fissore, MTM General Manager, commented, “We are proud to be working with Eni, the leading gas distributor in the Italian market. This strategic contract achieves an important goal for MTM given Eni’s continued investment in automotive CNG refueling networks across Italy.”

Mariano Costamagna, Fuel Systems Solutions CEO, stated, “The Italian market continues to enjoy growth in demand for CNG-fueled passenger vehicles, and major global OEMs remain committed to serving this market. Eni has historically opened 20 to 30 new stations per year, and this exclusive contract is a coup for MTM.”

MTM is a global player offering a comprehensive suite of components and systems for gaseous vehicles, from conversion kits to OEM, DOEM and aftermarkets to road and fleet refueling stations. Established in 1977, M.T.M srl established itself under the trademark name BRC Gas Equipment, which designs, manufactures and markets automotive CNG conversion systems. In the early 2000s, M.T.M srl and California based Impco Technologies created the holding company Fuel System Solutions (Nasdaq FSYS) based in New York City, NY – USA. In 2012, MTM s.r.l. acquired CUBOGAS, a historical trademark specializing in the manufacture and sales of CNG compressors and filling stations.

(Source: Fuel Systems Solutions, Inc.)

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