GE Capital Fleet Services and VNG.co to Support Expansion of Compressed Natural Gas (CNG) Fueling Infrastructure

  GE Capital Fleet Services and VNG.co to Support Expansion of Compressed
  Natural Gas (CNG) Fueling Infrastructure

Opens fleet access to a growing network of CNG filling stations in key markets

Business Wire

EDEN PRAIRIE, Minn. -- August 22, 2014

GE Capital Fleet Services today announced an agreement with VNG.co, a national
CNG fueling facility provider, to support the expansion of the CNG refueling
infrastructure for light-duty fleet vehicles.

With interest rising in CNG as a lower-cost, low-emissions fuel for light-duty
fleets, GE Capital Fleet Services’ agreement with VNG is aimed at connecting
and incenting fleet owners to use CNG-fueled vehicles.

Through the agreement with VNG, GE Capital Fleet Services’ customers will be
able to take advantage of the increasing accessibility of CNG fueling
stations, minimize overall fuel costs and meet financial and environmental
objectives through the use of a lower cost, more stably priced,
environmentally friendly and domestically sourced fuel.

VNG offers the benefits of fast-fill CNG fueling within existing retail
gasoline stations, eliminating the need for fleets to own and maintain their
own refueling stations. GE Capital Fleet Services works with its customers to
identify opportunities to utilize natural gas vehicles (NGVs) within their
fleets, and will work with VNG to pinpoint where additional fueling
infrastructure is needed. VNG uses the GE CNG In A Box system for faster,
easier deployment of its CNG fueling stations.

“We know from our customers that many commercial fleets want to adopt CNG
vehicles. The barrier is the cost and availability of CNG fueling stations.
Our alliance with VNG is a step toward breaking down this barrier,” said
Kristi Webb, CEO of GE Capital Fleet Services.

“We’re working with VNG to make the connection between providers driving
growth of the CNG refueling infrastructure – in the right markets and
locations – and owners who want to grow their CNG fleets. This is one of
several initiatives and alliances that GE has undertaken to advance the
infrastructure for CNG as well as other alternative fuels,” Webb said.

“We are extremely pleased to work with GE Capital Fleet Services to make NGVs
a smart, cost-effective and simple choice for fleet owners,” said Robert
Friedman, Chief Operating Officer, VNG. “Our collaboration with GE Capital
Fleet Services supports our mission of increasing the availability of
convenient fast-fill CNG fueling to provide a high quality experience
comparable to liquid fuels for all drivers of light-duty NGVs.”

About VNG.CO

VNG offers a nationwide CNG fueling solution to support and accelerate the
widespread use of light-duty NGVs by national and regional fleets, and
eventually the mass-market consumer segment. VNG takes responsibility for the
installation, maintenance, monitoring and operation of its company-owned
equipment, providing fleets with cost-effective, turnkey CNG fueling services
located within existing retail gasoline stations. VNG is the nation’s CNG
fueling solution.

For more information, please visit the company's website at www.vng.co or call
(610) 709-5500.

About GE Capital Fleet Services

GE Capital Fleet Services, based in Eden Prairie, Minn., is a global fleet
management company. With strategic consulting, deep analytical insights and
experience in every industry, we’re uniquely positioned to help you
continuously drive results – from the road all the way to the board room. In
2013, our fleet customers realized $209 million in savings through
opportunities identified by our fleet team. Visit the website at
www.gefleet.com or follow the company’s eco news and updates via Twitter
(@GEFleetSvcs).

GE Capital offers consumers and businesses around the globe an array of
financial products and services. For more information, visit www.gecapital.com
or follow company news via Twitter (@GECapital). GE (NYSE:GE) works on things
that matter. The best people and the best technologies taking on the toughest
challenges. Finding solutions in energy, health and home, transportation and
finance. Building, powering, moving and curing the world. Not just imagining.
Doing. GE works. For more information, visit the company's website at
www.ge.com.

Contact:

GE Capital Fleet Services
Sherri Ruesink, 952-828-2875
Sherri.Ruesink@ge.com
or
GE Capital, Americas
Tara Lambropoulos, 312-441-7854
Tara.Lambropoulos@ge.com
 
Press spacebar to pause and continue. Press esc to stop.