IdleAire Technologies Corp., provider of Advanced Truck Stop Electrification (ATE) services for the long-haul trucking industry, reported third quarter 2006 revenues of $4.7 million, a 133 percent increase over $2.0 million revenues in third quarter 2005.
For the nine months ended Sept. 30, 2006, revenues were $8.9 million, an 89 percent increase over revenues of $4.7 million for the first nine months of 2005. Over the nine-month period, the company saved its fleet customers more than 3.3 million gallons of diesel fuel and eliminated over 34,910 metric tons of air pollution emitted from idling diesel engines.
As of Sept. 30, 2006, IdleAire was operating 67 sites across 21 states, a 179 percent increase over the 24 sites operating as of Sept. 30, 2005, and 4,371 ATE parking spaces, a 225 percent increase over the 1,346 ATE parking spaces operating as of Sept. 30, 2005. During the third quarter of 2006, IdleAire deployed its ATE technology in 30 new truckstops and two fleet terminals totaling 2,083 ATE parking spaces and closed two "non-core" locations, which no longer meet current site selection criteria. The company expects to be operating approximately 101 sites by the end of 2006.
Chairman, President and CEO Mike Crabtree said, "IdleAire's value proposition reduces the idling costs of heavy-duty diesel engines, provides an important retention and recruitment benefit to fleets, provides a platform for remote driver training, reduces driver sleep deprivation, eliminates air pollution from idling engines, conserves fossil fuel energy and improves highway safety. The expansion of our network of locations should be making it easy and convenient for long-haul truck drivers to use IdleAire's ATE technology."
For the nine months ended Sept. 30, 2006, revenues were $8.9 million, an 89 percent increase over revenues of $4.7 million for the first nine months of 2005. Over the nine-month period, the company saved its fleet customers more than 3.3 million gallons of diesel fuel and eliminated over 34,910 metric tons of air pollution emitted from idling diesel engines.
As of Sept. 30, 2006, IdleAire was operating 67 sites across 21 states, a 179 percent increase over the 24 sites operating as of Sept. 30, 2005, and 4,371 ATE parking spaces, a 225 percent increase over the 1,346 ATE parking spaces operating as of Sept. 30, 2005. During the third quarter of 2006, IdleAire deployed its ATE technology in 30 new truckstops and two fleet terminals totaling 2,083 ATE parking spaces and closed two "non-core" locations, which no longer meet current site selection criteria. The company expects to be operating approximately 101 sites by the end of 2006.
Chairman, President and CEO Mike Crabtree said, "IdleAire's value proposition reduces the idling costs of heavy-duty diesel engines, provides an important retention and recruitment benefit to fleets, provides a platform for remote driver training, reduces driver sleep deprivation, eliminates air pollution from idling engines, conserves fossil fuel energy and improves highway safety. The expansion of our network of locations should be making it easy and convenient for long-haul truck drivers to use IdleAire's ATE technology."
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