07-15-21
Chesapeake Charter
THE FUEL MATRIX, LLC, ANNOUNCES SUCCESSFUL TEST OF OXON2 IN SCHOOL BUSES AND SIGNING OF CONTRACT WITH CHESAPEAKE CHARTER, INC. AN INNOVATIVE MARYLAND FLEET OPERATOR
Highlight:
Oxon2, a breakthrough energy saving and emissions reducing fuel treatment, achieved an average 15.0% diesel fuel savings on a fleet of 40 school buses.
HENDERSON, NV: 5 January 2021– The Fuel Matrix, LLC, today announced the results of a six-week test of Oxon2 in the diesel school bus fleet at Chesapeake Charter, Inc. The 40 buses demonstrated an average fuel savings of 15.0% over baseline while performing under standard operating conditions.
Test data was collected by Chesapeake Charter via numerous sensors and the CANBUS digital system on each vehicle. In addition, the evaluation included studying the reduction of particulate matter emissions in improving the performance of the vehicles’ DPF (Diesel Particulate Filter) systems.
“I like to think of Chesapeake Charter as an innovator” said Jake Smith, President. “Oxon2 is the biggest innovation I have witnessed, and I look forward to enjoying the operating cost reductions and cleaner air the product delivered during our test for many years.”
“We are excited to count Chesapeake Charter as a customer” said The Fuel Matrix, LLC’s President Robert Biddle V, noting the multi-year contract signed this week. “We are honored to do our part in making Chesapeake the cleanest and most efficient operator in the country, and our message to other fleets is that you can both save money and dramatically reduce harmful diesel emissions to benefit your communities.”
About Chesapeake Charter, Inc.
Chesapeake Charter prides itself on delivering reliable service at competitive rates, providing motorcoach and school bus transportation for Baltimore, Annapolis, Ocean City, Washington DC., Alexandria VA, Arlington VA, Atlantic City, Philadelphia PA, York PA, and everything in between. Learn more at https://chesapeakecharter.net/
About The Fuel Matrix, LLC
The Fuel Matrix, LLC develops and markets Oxon2, a novel fuel treatment that increases fuel efficiency and reduces harmful emissions from a wide range of liquid fossil fuels. Headquartered in Henderson, NV USA, TFM intends to improve the performance of fossil fuels worldwide while helping companies and governments meet tomorrow’s emissions standards today. Learn more at www.oxon2.com.
Contacts:
Chesapeake Charter, Inc.:
Jake Lonergan
President and Owner, Chesapeake Charter, Inc.
+1-410-757-3000
The Fuel Matrix, LLC:
Investor Relations: Media Inquiries:
Andrew Lowenstein Scott Robinson
CEO, The Fuel Matrix, LLC COO, The Fuel Matrix, LLC
andrewl@thefuelmatrix.com scottr@thefuelmatrix.com
+1-617-594-5727 +1-785-766-7150
