CNGVCompressed Natural Gas Vehicle (alternative fuel automobile)
CNGVCenter for Next Generation Video (Rensselaer Polytechnic Institute)
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CNGV members and sponsoring companies have the first right of refusal to commercially license results of research at the Center.
As an associate member of the board, On2 will meet with other board members semi-annually to review, assess, and discuss the current and future activities of the CNGV.
The CNGV investment will be augmented by an additional $20 million pro rata investment by a current investor, Palo Alto, California-based venture capital firm Oak Investment Partners, which along with Sundrop Fuels' management and Menlo Park, California-based venture capital firm Kleiner Perkins Caufield & Byers, have provided substantially all of Sundrop Fuels' capital to date.
CNGV is in-turn a wholly-owned subsidiary of Chesapeake Energy Corporation.
AFS will have the right to purchase for its own use, or resale in special niche markets outside of China, those parts manufactured by Sichuan Shutong CNGV Co.
the company is a pioneer of the alternative fuels industry and has installed more than 250 CNG refueling stations across the country, and distributed approximately 14,000 CNGV conversion kits to a broad spectrum of vehicle markets including passenger cars, trucks, school buses, forklifts, and marine vessels.
Isuzu is celebrating its most successful year ever for commercial CNG vehicles (CNGVs) in 2005 in Japan and plans to introduce CNGVs in China and several Southeast Asian countries.