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Agility Fuel Systems Names Barry L. Engle CEO

FONTANA, Calif., Aug. 2, 2011 /PRNewswire/ -- Effective immediately, Agility Fuel Systems announced the appointment of Barry L. Engle as Chief Executive Officer.

(Photo: http://photos.prnewswire.com/prnh/20110802/PH46000 )

Most recently, Mr. Engle was CEO of Think Holdings AS, a manufacturer of electric vehicles in Oslo, Norway. From 2008 to 2010 he served as President & CEO of New Holland Agricultural Equipment, S.p.A, a world leader in agricultural equipment based in Turin, Italy.

Between 1992 and 2008 while at Ford Motor Company, he served as President & CEO of Ford of Canada; President of Ford Brazil & Mercosul; General Manager of Ford Division Marketing; General Manager of Worldwide Direct Market Operations; Director of North American Product Planning & Strategy; and, General Marketing Manager, Parts & Service Division.

Mr. Engle, 47, also has first hand automotive retail experience, having been a Chrysler Plymouth Jeep dealer in Salt Lake City, Utah. He earned a BA in economics from Brigham Young University and an MBA from the Wharton School of the University of Pennsylvania.

"Barry is uniquely qualified to lead Agility to the next level," said Michael Gallagher, Agility's Chairman. "Barry has worked internationally and with large corporations, with significant managerial and operational experience in an OEM setting. In addition, his experience with smaller companies will serve Agility well."

Commenting on his new position, Mr. Engle said, "I'm excited to join this dynamic company. The economic and environmental benefits of natural gas are compelling for our heavy duty fleet customers. And, we've earned a reputation for providing them the most reliable, best engineered fuel systems along with great customer service."

Agility Fuel Systems was formed in December, 2010 through the merger of FAB Industries and Enviromech Industries, leaders in engineering and manufacturing of natural gas fuel systems. Element Partners, a clean technology-focused private equity fund, provided equity capital to complete the transaction and assumed a significant equity position along with board participation. Sam Gabbita, a partner at Element and Agility board member, said, "We have made good progress in integrating the two companies. Barry's OEM experience, energy and leadership make him a great addition to the Agility team."

About Agility Fuel Systems

Agility designs, engineers and manufactures fuel systems for heavy duty trucks, buses and specialty vehicles. Systems include natural gas (both compressed and liquid), hydrogen and electric hybrids. Services include prototyping, installation and aftermarket service and support. Agility's fuel systems are sold through vehicle OEMs, dealers and directly to fleet owners. Over 10,000 fuel systems have been deployed worldwide. Agility maintains operations in California, Alabama and British Columbia, Canada.

www.agilityfs.com

www.elementpartners.com

Contact:
Ron Eickelman
(909) 350-7500
reickelman@agilityfs.com

SOURCE Agility Fuel Systems