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End-of-day quote: 05/17/2024
OTCPK:GKIT

Greenkraft Profile

Greenkraft, Inc. operates as a manufacturer and distributor of automotive products.

The company manufactures commercial forward trucks for vehicle classes 4, 5, 6, and 7 (gross vehicle weight (GVW) ranging from 14,001 lbs. to 33,000 lbs.) in alternative fuels. It also manufactures and sells alternative fuel systems to convert petroleum based fuels to natural gas and propane fuels. The company’s products are sold to commercial users.

Principal Products and Services

The company offers three main products and services, such as commercial forward cabin trucks that run on alternative fuels, such as compressed natural gas (CNG) or liquefied propane gas (LPG); the conversion of existing vehicles to run on alternative fuels, such as CNG or LPG; and alternative fuel engines.

Commercial Forward Cab Trucks with Alternative Fuels

The company offers commercial trucks (Classes 4, 5, 6, 7) with natural gas and propane fuel system for 6.0 liter the company/General Motor (GM) engines for 14,000 lbs. and above GVW rating (GVWR) trucks and custom chassis manufacturers.

The company offers a range of Class 4-7 cab-forward trucks based on chassis from Anhui Jianghuai Automobile Company (JAC Motors), China’s Anhui Jianghuai Automobile Company. The company then installs 6.0-liter GM engines and its CNG or LPG fuel systems, and for CNG, the company adds Quantum Technologies’ tanks in the vehicle. The CNG fuel systems are assembled by the company using parts manufactured by various suppliers. The chassis and cabin are imported from overseas and the powertrain is assembled in the chassis.

The company has received the California Air Resources Board (CARB) and the U.S. Environmental Protection Agency (EPA) certification of 2017 and 2018 dedicated-CNG fuel systems for its 6.0-liter GM engines for 14,000 lbs and above GVWR trucks.

The company uses its strategic partner, CEE, LLC for testing its engines prior to applying for the CARB and EPA certifications. In addition, the company used CEE, LLC and G&K Automotive Conversion Inc. (G&K), another strategic partner, in connection with research and development activities.

Customers

The company’s end users include fleet operators, cities, and businesses, and it distributes through dealers.

In addition, the company has dealer relationships with each of Superior Transportation for sales of CNG and LPG vehicles in Texas; A.R. Natural Gas Fueling Systems for sales of its CNG vehicles in Pennsylvania; Demary Trucks; Taylor Trucks in Indiana; and AZ commercial trucks in Arizona.

Convert Vehicles for Alternative Fuels

In addition to the company’s offering of new commercial trucks in alternative fuels, it could convert other existing vehicles (such as vehicles manufactured by Ford or GM that do not run on alternative fuels) to allow engines to run on CNG or LPG instead of gas or diesel. The company has converted vehicles for various dealers.

Suppliers

The company has supplier relationships with each of Anhui Jianghuai Automobile Company (JAC Motors), GM, and Quantum Technologies for the supply of the chassis, engine and CNG tanks, respectively.

Strategic Partners

The company works with an automotive technical division in the automotive safety compliance industry called G&K. G&K modifies and certifies foreign motor vehicles to meet the vehicle and emission standards of the United States. G&K is certified as a registered importer by the Department of Transportation and is certified as an independent commercial importer by the EPA. G&K is also recognized by the CARB as an approved motor vehicle modifier.

Intellectual Property

The company owns various rights and patents associated with the invention ‘LPG Fuel System’ described under application number 61908022.

Regulations

The company’s alternative fuel engines are subject to approval for the EPA, as well as state agencies, such as the CARB.

Country
Industry:
Motor vehicle parts and accessories
Founded:
2006
IPO Date:
12/09/2013
ISIN Number:
I_US39530U1007

Contact Details

Address:
2530 South Birch Street, Santa Ana, California, 92707, United States
Phone Number
714-545-7777

Key Executives

CEO:
Gemayel, George
CFO
Bardakjian, Sosi
COO:
Data Unavailable