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GFS Corp names FNX Technologies as Exclusive Distributor in Peru for its LNG Mine Truck Conversion Systems.

WESTON, FLA., Sept. 24, 2014 (GLOBE NEWSWIRE) -- FNX Technologies will be the exclusive distributor in Peru for the EVO-MT™ Systems. GFS Corp's technology is an aftermarket conversion system that allows 100+ ton haul trucks to operate using a combination of liquid natural gas and diesel fuel. In many parts of the world, liquid natural gas, or LNG, is available at a substantial cost savings over diesel fuel. The EVO-MT System brings a significant fuel cost saving to mines that that have the availability of liquid natural gas. Additional benefits are also obtained, as LNG is a cleaner burning and more sustainable fuel source.

"As home to some of the largest mines in the world, we have long considered Peru a natural market for our EVO-MT systems, and are pleased to have FNX join our family of select distributors", said George Aguilera, Executive VP of GFS Corp.

Currently GFS Corp offers conversions systems for four truck models, Caterpillar 777 and 793 as well as the Komatsu 830 and 930. Both Caterpillar and Komatsu systems have been in daily operation at mines in the western United States successfully accumulating tens of thousands of hours of run time while allowing significant fuel cost savings to the operators.

" FNX looks forward to working with GFS to introduce this exciting technology to the Peruvian mining sector. In today's competitive mining environment, GFS and FNX can provide Peruvian miners with a means to lower operating costs and enhance the countries position as a mining powerhouse", said Martin Paituvi, President of FNX Technologies.

About FNX Technologies

FNX offers integrated solutions facilitating the mobility of Natural Gas, from the well head to the end user. With regional offices in North and South America as well as the Middle East and Europe, FNX delivers equipment, logistics and O &M services to LNG users worldwide. FNX has developed a unique concept of small-scale liquefaction plants to meet the requirement of industrial users, fleet operators, railway operators and mining companies requiring 15,000 to 75,000 gal of LNG per day. FNX designs, develops and manufactures LNG equipment and establishes strategic alliances with partners that contribute to the expansion of use of LNG.

About Gaseous Fuel Systems (GFS Corp)

GFS Corp designs, manufactures and sells proprietary solutions that enable high horsepower, heavy duty diesel engines to operate on natural gas. The company's primary focus is providing fully integrated alternative fuel solutions for the mining, construction, stationary power and rail markets.

Visit GFS Corp's website at http://www.gfs-corp.com for more information on the EVO-MT™ System.

For additional information on FNX Technologies, visit their website http://www.fnxoilgas.com.



A photo accompanying this release is available at:
http://www.globenewswire.com/newsroom/prs/?pkgid=27897

CONTACT: Kerry Hackney Vice President of Operations GFS Corp 3360 Enterprise Ave. Suite 180 Weston, FL 33331 954-693-9657Source:GFS Corp