CARLISLE, IA--(Marketwire - May 10, 2010) - GreenMan Technologies, Inc. (
Headquartered in Las Vegas, Nevada, Disability Access Consultants, Inc. ("DAC") has been a respected leader in providing "accessibility compliance" software products, consulting services and expertise to ensure their clients are in compliance with the federally mandated ADA and related federal, state and local codes. The Americans with Disabilities Act of 1990 ("ADA") mandates that facilities in the United States provide equal access for individuals with disabilities. DAC has developed a dynamic software platform, "DACTrak," which simplifies and expedites the evaluation and transition plan process for compliance with ADA and state accessibility regulations. DAC's inspectors or the client when appropriately trained perform an on-site interactive evaluation using a handheld computer tablet utilizing DACTrak. Upon completion of the inspection, the data is uploaded via a secure internet connection to DAC's servers for processing and selecting the applicable state and federal codes. Within minutes a detailed assessment report is available for review. In addition, DAC's web based solution allows a client to view, interact and manage their compliance data on a real time basis in a user friendly format. In contrast, a majority of ADA compliance inspections today take a considerable amount of time to complete and transition plan reports must be updated manually for changes and tend to be large paper reports which are typically difficult to use and understand.
Barbara Thorpe, President of DAC, stated, "Our partnership with GreenTech is an ideal opportunity for both our companies to focus on what we each do best. Green Tech will be responsible for sales and marketing of DAC's products and services domestically and internationally to all education related entities, state and federal agencies including ADA Centers and select hospitality related markets. This will allow DAC to focus on providing the best solution possible to our customers as well as continuing our efforts to adapt the DACTrak concept into other areas such as green standards, Fair Housing, health inspections, mine safety, FEMA,OSHA and other risk management areas."
Tim Mahoney, President of Green Tech Products, added, "With an estimated 54 million people in the United States with some form of disability, the need for DAC's dynamic and cost effective ADA compliance solution has never been greater. In addition, 2010 marks the 20th anniversary of ADA legislation and we anticipate renewed efforts to ensure greater compliance with these federally mandated regulations. Initially we intend to leverage Green Tech Products' existing six state school board association business development agreements and product endorsement agreements by adding DAC's products and services to suite of our product offerings. We will launch our DAC partnership formally at the ADA National Symposium June 20-23 in Denver, Colorado (www.adasymposium.org).
Jim DeJong, Executive Director of the federally funded Great Plains ADA Center, stated, "The DACTrak software platform and dynamic reporting capabilities simplify and manage the ADA compliance process better and more cost effectively than any other solution I've seen since I've been involved with ADA. I believe that DAC's solution has the potential to do more for the ADA compliance movement in the next several years then what we have been able to accomplish in the last."
About GreenMan Technologies
GreenMan Technologies, through its subsidiaries, provides technological processes and unique marketing programs for alternative energy, renewable fuels and innovative recycled products. The Company's alternative energy subsidiary, American Power Group, Inc. (APG), provides a cost-effective patented dual fuel technology for diesel engines. APG's dual fuel alternative energy system is a unique external fuel delivery enhancement system that converts existing diesel engines into more efficient and environmentally friendly engines that have the flexibility to run on: 1) diesel fuel and compressed natural gas ("CNG"); 2) diesel fuel and bio-methane, or 3) 100% diesel fuel depending on the circumstances. The proprietary technology seamlessly displaces up to 70% of the normal diesel fuel consumption with CNG or bio-methane and the energized fuel balance between the two fuels is maintained with a patented control system ensuring the engines operate to Original Equipment Manufacturers' ("OEM") specified temperatures and pressures with no loss of horsepower. Installation requires no engine modification unlike the more expensive high-pressure alternative fuel systems in the market. Our Green Tech Products, Inc. subsidiary, the company develops and markets branded products and services that provide schools and other political subdivisions viable solutions for safety, compliance, and accessibility including recycled surfacing. See additional information at: www.americanpowergroupinc.com and www.playgroundcompliance.com
"Safe Harbor" Statement: Under the Private Securities Litigation Reform Act
With the exception of the historical information contained in this news release, the matters described herein contain "forward-looking" statements that involve risks and uncertainties that may individually or collectively impact the matters herein described, including but not limited to the fact that we have sold the tire recycling operations which have historically generated substantially all our revenue and that we will be prohibited from competing in that business on a regional basis until 2013; the risk that we may not be able to increase the revenue or improve the operating results of our Green Tech Products or American Power Group divisions; the risk that we may not be able to return to sustained profitability; the risk that we may not be able to secure additional funding necessary to grow our business, on acceptable terms or at all; the risk that if we have to sell securities in order to obtain financing, the rights of our current stockholders may be adversely affected; the risk that we may not be able to increase the demand for our products and services; the risk that we may not be able to adequately protect our intellectual property; and risks of possible adverse effects of economic, governmental, seasonal and/or other factors outside the control of the Company, which are detailed from time to time in the Company's SEC reports, including the Annual Report on Form 10-K for the fiscal year ended September 30, 2009. The Company disclaims any intent or obligation to update these "forward-looking" statements.
Contact Information:
Contacts:
Chuck Coppa
CFO
Lyle Jensen
CEO
GreenMan Technologies
781-224-2411
Investor Relations Contacts:
Jennifer Belodeau
John Nesbett
Institutional Marketing Services (IMS)
203-972-9200