BRISTOL, Ind.--(BUSINESS WIRE)--Ameri-Kart Corp., a Myers Industries, Inc. company (NYSE: MYE) and a leading rotational molder of fuel tanks and plastic components for marine and other industries, today announced that it has acquired technology assets of Enviro-Fill, Inc. Enviro-Fill™ is the developer of a new fuel overfill prevention system (OPS) and fuel vapor capture system that will help boat manufacturers to easily meet the 2011 refueling and emission requirements of the Environmental Protection Agency (EPA) and American Boat and Yacht Council (ABYC). Terms of the deal were not disclosed.
Based in Annapolis, Maryland, Enviro-Fill developed a unique fuel OPS using pressure transfer technology (patent pending) to meet the new EPA and ABYC guidelines, which will begin to take effect July 31, 2011. The Enviro-Fill OPS is the industry’s only system to use technology independent of a boat’s design to automatically shut off the refueling nozzle when the fuel in the tank reaches 95% full, without spillage. This OPS/tank vent and sensor system provides venting and monitoring of the fuel level in the tank during filling and transfers a pressure signal to the deck fitting when fuel reaches a predetermined level. The Enviro-Fill pressure relief system will allow the boat builder to meet the EPA requirements for capturing fuel vapor (emissions) through either a pressure or a charcoal canister system.
“This is a major technology leap for Ameri-Kart as a provider of component solutions to the marine market,” said Eric Gottuso, general manager. “Enviro-Fill has been actively involved through the development of the new EPA and ABYC regulations. The OPS technology combined with our fuel tanks will allow manufacturers to comply with the new regulations without making significant, costly changes to their current fuel system design.”
Ameri-Kart will be demonstrating this new OPS technology at the International Boatbuilders’ Exhibition and Conference (IBEX Show), September 28 – 30, 2010, in Louisville, KY.
About Ameri-Kart Corp.
Ameri-Kart is headquartered in Bristol, Indiana, and is one of North America’s premier rotational molders. Part of the Engineered Products Segment of Myers Industries, Ameri-Kart manufactures a broad range of custom original equipment plastic parts serving recreational vehicle, marine, agriculture, material handling and other industries. Call (800) 232-0847 or visit www.ameri-kart.com or www.myersindustries.com to learn more.
Caution on Forward-Looking Statements: Statements in this release may include “forward-looking” statements within the meaning of the Private Securities Litigation Reform Act of 1995. Any statement that is not of historical fact may be deemed "forward-looking" and involve a number of risks and uncertainties that could cause actual results to materially differ from those expressed or implied. For a discussion of such risks and uncertainties, see "Risk Factors" in Myers Industries’ Annual Report and Form 10-K for the most recently ended year. Myers Industries undertakes no obligation to publicly update or revise any forward-looking statements contained herein, which speak only as of the date made.