Energtek Inc. (EGTK) is a clean Natural Gas technology company that is providing practical and affordable fuel alternatives to oil and gasoline. In addition to affordability, natural gas is the cleanest burning fossil fuel and is more readily available and evenly distributed than any other alternative. It is approximated that there are over 300 million two and three wheel vehicles on the road today. Nearly 85% of those 300 million are in Energtek’s targeted market segment, Asia.
These vehicles make up nearly 25% of the world’s total automotive market, and generate much more than their fair share of pollution. There has been no alternative fuel source for these vehicles until now because of the absorbed natural gas (ANG) technology being offered by Energtek. This new technology allows consumers the ability to gain better fuel efficiency and lower cost while generating lower emissions and toxic greenhouse gases.
ANG technology enables the storage of comparable gas quantities at reduced pressure, dramatically decreasing the capital investment and operation costs of natural gas vehicles. These savings are not only significant compared to oil and gasoline prices, but even to those of traditional compressed natural gas (CNG) and liquid natural gas (LNG). Energtek’s proprietary ANG technology is already existent in parts of Asia and is hoping to soon spread into India, Pakistan, Bangladesh, Sri Lanka, and other countries in the region.
Not only does the company specialize in the technology necessary for two and three wheel vehicles, but also has the capability to convert larger vehicles and the pipeless vehicle transportation systems. They have a great deal of experience in gas bulk transportation products and will be able to distribute across the continent without a single pipeline. This great efficiency will save material and maintenance costs by taking low-pressure gas transporting semi-trailers straight from the well to the filling stations.
Energtek, Inc. (EGTK.PK) Sees New Energy Policy as Major Boost
Energtek, Inc., a world leader in the development of ANG (Adsorbed Natural Gas) technology, expects a major boost from the administration’s call for a reduction in dependency on foreign oil. The energy portion of the Economic Stimulus Bill now being implemented is geared toward saving more oil than is currently being imported from the Middle East and Venezuela combined, and to do so within the next 10 years.
Adsorbed Natural Gas technology is the use of microporous material to significantly improve the efficiency of natural gas (NG) storage and transportation. Basically, ANG allows a larger volume of natural gas to be stored without increasing pressure or the size of the container. However, it has, until recently, involved a number of technical obstacles that have limited its competitive application. Energtek, through its pioneering research, has now managed to solve key problems relating to ANG, leading to the first commercially efficient system of ANG storage.
This is good news for those looking to end America’s reliance on foreign oil. Nearly 60% of the oil consumed in the U.S. is used by the transportation sector, and most vehicles currently running on gasoline can also run on natural gas, of which the U.S. has significant supplies. But there is another major advantage to natural gas. It is the world’s cleanest fossil fuel, greatly reducing greenhouse gas emissions. And it’s also cheaper than oil.
Lev Zaidenberg, Energtek’s CEO, summarized some of the reasons behind the increased attention being paid to natural gas. “NG is cheaper, cleaner and there are proven reserves to power the country’s enormous automotive fleet for the foreseeable future. No other energy source, including renewable fuels, can be implemented as quickly and completely into the motor vehicle market as NG.â€
The seemingly inevitable swing toward natural gas, now encouraged by government policy, shines a bright light on Energtek. Its proprietary technologies are of value not only to this country, but to markets around the world.
Energtek, Inc. (EGTK.OB) Recognizes the Many Benefits of Natural Gas
Energtek, Inc., a commercial distributor of natural gas to emerging markets using proprietary ANG (Adsorbed Natural Gas) technology, tailors its solutions to the growing market of 2- and 3-wheel vehicles in Asia, as well as the global Natural Gas Vehicle (NGV) market, and pipeless, domestic gas supply markets serving industrial and manufacturing sectors.
There are many advantages to natural gas. First, it is more evenly distributed around the globe than oil and – with the constantly rising cost of oil (and, as a result, gasoline) – makes more sense than gasoline, both financially and in terms of resources. Second, natural gas burns cleaner than gasoline. In fact, the U.S. Environmental Protection Agency says that natural gas vehicle fueling eliminates evaporative emissions; emits little or no particulate matter; reduces carbon monoxide emissions 90 to 97 percent; reduces nitrogen oxide emissions from 35 to 60 percent; potentially reduces non-methane hydrocarbon emissions between 50 and 75 percent; reduces carbon dioxide emissions by 25 percent, and; emits fewer toxic and carcinogenic pollutants than gasoline.
Lastly, natural gas is safe. According to the U.S. Department of Transportation, the NG delivery infrastructure in the U.S. is the safest way to transport fuel. Natural gas rarely ignites, and only under extremely unusual conditions. In fact, there are no records of a fire in any natural-gas vehicle currently on American roads. Further, in high-speed vehicle crash tests, natural gas performs admirably, since it is virtually impossible to destroy a natural-gas fuel tank. And if all that isn’t enough, natural-gas vehicles deliver up to 50-percent less noise pollution than vehicles running on gasoline.
In addition to all its other pluses, natural gas is adaptable to a wide range of vehicles, including gasoline-powered, diesel-powered and fuel-electric hybrids. In fact, most natural-gas conversions on the road represent simple, inexpensive after-market conversions, and a switch enables drivers to easily change from natural gas to conventional fuels when NG stations are unavailable.
Energtek, Inc. (EGTK.PK) Makes the Change to Natural Gas Vehicles More Affordable
Over the last five years, a lot of attention has been focused on how much energy is being consumed. Many consumers still use traditional fossil fuel sources, but there is a move towards more environmentally-friendly fuel sources. Energtek, Inc. (EGTK.PK), headquartered in New York, has its sights set on providing natural gas to a growing consumer base. Energtek has analyzed the marketplace and has developed a plan to focus on specific niches that can immediately benefit from the company’s technology.
One major area that Energtek is focusing on is the Natural Gas Vehicle (NGV) market. Studies indicate that there are currently over 1 billion motor vehicles on the road worldwide. By-products from traditional fuel-based vehicles contribute heavily to the greenhouse gases in many cities. One look at the air quality in cities like Mexico City, Chennai, or Beijing easily displays how vehicles can visibly affect a community. With the increased realization that pollution negatively impacts the health of an entire city, the NGV market is growing worldwide.
Whereas oil fuel sources are found in specific areas, natural gas pockets are distributed more evenly on a global basis. Companies and consumers are becoming more aware that not only is natural gas a more readily available and less expensive fuel source, but it’s also more environmentally friendly since it is primarily made of methane (CH4). Studies have found that natural gas is the cleanest burning fossil fuel source and has a cleaner output than some renewable fuels.
Areas in Europe, South America, and Asia have been using natural gas as an alternative fuel source for more than a decade. Based upon its availability and its immediate effect on the environment, many other countries worldwide are jumping on the natural gas bandwagon. China, Brazil, Germany, India, Pakistan, Ukraine, and other nations are aggressively pursuing the integration of NGVs into their marketplaces. While there are over 8.7 million NGVs in use today, studies show an estimated growth rate of 30 percent per year.
In the past, vehicles would require a costly reconfiguration to switch over to use natural gas as its fuel source. Energtek’s proprietary technology would streamline the process and make the switch to natural gas easier and less costly. Rather than removing any parts from a vehicle, Energtek has a conversion kit that would simply be installed to any gasoline or diesel vehicle. With the flip of a switch, the vehicle can be changed back between traditional fuel and natural gas.
Energtek has developed a solution that will help consumers more easily change their fossil-fuel burning vehicles into a cleaner natural gas burning mode of transportation. Providing consumers with the ease of conversion, as well as the flexibility to switch between natural gas to traditional fuels, will reduce the barriers that the natural gas market has faced in the past.
Energtek, Inc.’s (EGTK.PK) Developed Technology Makes 2- and 3-Wheelers More Environmentally Friendly
Automakers have continually adjusted their product lines based upon what consumers want. There are individuals who only want an economical car, those who want a heavy-duty truck to haul equipment, and consumers who want a large, safe family vehicle. To get from one place to another, the U.S. consumer primarily focuses on purchasing a traditional 4-wheeled vehicle. However, when you take a global view, studies show that the 2- and 3-wheel market is the fastest growing segment of the transportation industry.
Estimates indicate there are about 300 million 2- and 3-wheelers on the road today. The niche, which includes mopeds, motorcycles and tricycles, reported a growth rate of 14 percent per year between 2003 and 2006 with 44 million units sold in 2006. Asia has the highest rate of growth for these vehicles and classifies 2-wheelers as the number one means of transportation in the region. Demand in Asia is expected to grow even more over the next few years.
While many alternative fuel developers are focused on 4-wheeled vehicles, Energtek, Inc. recognizes the potential of the 2- and 3-wheel market. These smaller modes of transportation have just as much potential to create pollution as larger vehicles, especially when there is a large number in use.
Energtek has proprietary technology that can convert 2- and 3-wheelers to use natural gas. The company’s CNG Lite™ system can easily reconfigure the millions of mopeds, motorcycles, and tricycles on the road to be more environmentally-friendly, while its LMP™ (Low-Pressure Mobile Pipeline) Bulk Transportation system can be used to transport and sell natural gas to local consumers.
Energtek has kept an open mind on where it can apply its technology. The company took a look at the entire transportation industry and has developed products to resolve pollutants produced by two of the largest consumer niches in the market. Not only has the company developed the technology, but it has also created products that easily convert vehicles at an affordable price.
Energtek, Inc.’s (EGTK.PK) Developed Technology Makes 2- and 3-Wheelers More Environmentally Friendly
Automakers have continually adjusted their product lines based upon what consumers want. There are individuals who only want an economical car, those who want a heavy-duty truck to haul equipment, and consumers who want a large, safe family vehicle. To get from one place to another, the U.S. consumer primarily focuses on purchasing a traditional 4-wheeled vehicle. However, when you take a global view, studies show that the 2- and 3-wheel market is the fastest growing segment of the transportation industry.
Estimates indicate there are about 300 million 2- and 3-wheelers on the road today. The niche, which includes mopeds, motorcycles and tricycles, reported a growth rate of 14 percent per year between 2003 and 2006 with 44 million units sold in 2006. Asia has the highest rate of growth for these vehicles and classifies 2-wheelers as the number one means of transportation in the region. Demand in Asia is expected to grow even more over the next few years.
While many alternative fuel developers are focused on 4-wheeled vehicles, Energtek, Inc. recognizes the potential of the 2- and 3-wheel market. These smaller modes of transportation have just as much potential to create pollution as larger vehicles, especially when there is a large number in use.
Energtek has proprietary technology that can convert 2- and 3-wheelers to use natural gas. The company’s CNG Lite™ system can easily reconfigure the millions of mopeds, motorcycles, and tricycles on the road to be more environmentally-friendly, while its LMP™ (Low-Pressure Mobile Pipeline) Bulk Transportation system can be used to transport and sell natural gas to local consumers.
Energtek has kept an open mind on where it can apply its technology. The company took a look at the entire transportation industry and has developed products to resolve pollutants produced by two of the largest consumer niches in the market. Not only has the company developed the technology, but it has also created products that easily convert vehicles at an affordable price.
Energtek, Inc. (EGTK.PK) to Provide Sample CNG Lite(TM) Tricycle Conversions to Philippines Government
Energtek Inc., a world leader in the development of Adsorbed Natural Gas (ANG) technology, announced after the closing bell Friday that the Government of the Philippines has requested that the company convert a sample of three-wheel vehicles (’tricycles’) in Metro Manila to operate on natural gas. These vehicles will be converted utilizing Energtek’s proprietary CNG Lite(TM) system based on ANG technology.
The Philippines’ Department of Energy intends to allow the tricycles to use natural gas resources allocated to the Natural Gas Vehicle Program for Public Transport (NGVPPT). The NGVPPT, passed in 2002, is a nationwide program that ‘aims to enhance energy supply security in the transport sector through fuel diversification using indigenous natural gas and to use natural gas as a clean alternative fuel for transport.’
The NGVPPT program, which places a strong focus on the Metro Manila area, has natural gas resources apportioned from the Malampaya Gas Reserve in Batangas, the Philippines’ largest indigenous energy source. For years, the reserve has been used mainly to generate power for the Metro Manila area. Now the government seeks to similarly utilize the reserve to supply the motor fuel energy needs of its largest city’s transportation sector.
Executive Secretary of the Philippines, Hon. Eduardo R. Ermita, commented, “The government is more than glad to begin converting a million vehicles to operate on ANG as soon as possible. We are pleased to work together with Energtek to achieve our goal of providing a clean and cost-effective solution for small vehicle drivers who are suffering from the rising costs of gasoline.â€
With tricycles representing one of the most popular forms of transportation in the Philippines, these gasoline-powered vehicles are known to contribute to dangerous pollution levels. Converting the vehicles to Natural Gas will substantially reduce hazardous emissions cost-effectively. Natural Gas also costs a fraction of the price of gasoline.
“We are quite pleased to assist the Filipino government in their quest to provide a cleaner and cheaper motor fuel alternative to oil,†stated Energtek CEO Lev Zaidenberg. “In a metropolitan area with millions of tricycles as Metro Manila, Energtek’s CNG Lite(TM) system can utilize natural gas to provide significant environmental improvement and cost-benefits for drivers.â€
He added, “The conversion of even half of the amount mentioned by the Executive Secretary of the Philippines would render revenues of hundreds of millions of dollars for the conversion systems as well as hundreds of millions of recurrent yearly revenues for the sale of Natural Gas.â€
Energtek, Inc. (EGTK.PK): Is Natural Gas Safe for Transportation?
When natural gas is used as a vehicle fuel, it is stored in cylinders of thick-walled, reinforced aluminum, steel or composite materials. These cylinders are required to comply with strict regulations, and have proven their ability to withstand severe abuse, even under conditions more stringent than those for testing gasoline storage tanks.
Natural gas tanks have been tested in high-speed crashes and bonfires, and performed extraordinarily well, especially when compared to the risks of explosion with gasoline. In vehicles that were totally destroyed in crash tests, the only component of the vehicle remaining intact was the gas cylinder. A research expert recently said, “If you were introducing gasoline to the market today, you likely couldn’t do it.â€
The existing natural gas delivery system also has a proven safety record. According to statistics from the U.S. Department of Transportation, the natural gas transmission and distribution system (1.9 million Km of pipes and distribution points) is the safest way to transport energy in the United States.
Energtek, Inc. (EGTK.PK) Begins Conversion of Tricycles Using Proprietary CNG Lite(TM)
Energtek Inc. announced this morning that its engineering team has started converting tricycles to operate on natural gas (â€NGâ€) in Metro Manila, as requested by the Government of the Philippines. The company anticipates displaying these converted tricycles to officers of the executive government by April 30.
As announced previously, the Filipino Department of Energy requested Energtek to convert the vehicles with the proprietary CNG Lite(TM) system based on ANG technology. The request came after the department announced its intention to allow tricycles to use natural gas resources allocated to the Natural Gas Vehicle Program for Public Transport (NGVPPT).
According to the press release, Attorney Vigor Mendoza, Chairman of the First United Transport Coalition, is promoting the NG conversion of tricycles in the Taguig and Marikina areas of Metro Manila. The group has submitted official requests for the conversions to the Filipino Government.
“We are very pleased to cooperate with the First United Transport Coalition in its quest to improve the economics of the tricycle drivers in Metro Manila areas,†stated Energtek CEO Lev Zaidenberg. “There is no doubt that the provision of a cheaper and cleaner motor fuel shall contribute both to the welfare of the tricycle drivers and to ecological improvement in the Philippines. The conversions will benefit the entire populationâ€
Representing one of the most popular forms of transportation in the Philippines, gasoline-powered tricycles are known to contribute to dangerous pollution levels. Converting the vehicles to Natural Gas will substantially reduce hazardous emissions and save energy expenditures as natural gas costs a fraction of the price of gasoline.
Energtek, Inc. (EGTK.PK) Demonstrates CNG Lite(TM) to Government Officials, Advances Mass Tricycle Conversion Goal in Metro Manila
Energtek Inc., a world leading developer of Adsorbed Natural Gas (ANG) technology, announced this morning that its fully-owned subsidiary, Energtek Philippines Inc., successfully demonstrated its converted natural gas tricycles to government officials in Manila last week. The three-wheel vehicles were converted utilizing Energtek’s proprietary CNG Lite(TM) technology.
Energtek’s engineering team performed both the vehicle conversions and demonstrations. CNG Lite(TM) technology was presented to numerous governmental officials involved in the various aspects of the nation’s public transport programs. According to the press release, the presentations were attended by both executive and technical teams of several governmental departments. Photos of the presentations are available online at http://www.Energtek.com.
The Philippine Government intends to include tricycles in the nation’s official Natural Gas Vehicle Program for Public Transport (NGVPPT). The NGVPPT, passed in 2002, is a nationwide program that ‘aims to enhance energy supply security in the transport sector through fuel diversification using indigenous natural gas and to use natural gas as a clean alternative fuel for transport.’
The government requested Energtek to convert at least one million tricycles in the coming years. Even if the company only converts half the requested amount, revenues are expected to total several hundred millions of dollars for the provision of equipment, in addition to the yearly recurring revenues through the sale of natural gas.
“The government must pour all savings and revenue into programs that help the poor and the middle class,” stated President of the Philippines, Gloria Macapagal-Arroyo. The President issued a federal order outlining the government’s plan to convert 20 percent of vehicles owned by the national government to natural gas.
With tricycles representing one of the most popular forms of transportation in the Philippines, these gasoline-powered vehicles are known to contribute to dangerous pollution levels. Converting the vehicles to Natural Gas will substantially reduce hazardous emissions cost-effectively. CNG Lite(TM) is currently the only commercially-viable system that can be utilized for the mass conversions of tricycles in the Philippines.
“The addition of tricycles to the NGVPPT moves Energtek one step closer to our goal of converting massive numbers of tricycles in the Philippines,” commented Energtek CEO Lev Zaidenberg. “The demonstrations further confirmed that the provision of a cheaper and cleaner motor fuel will benefit tricycle drivers economically, while contributing to local ecological improvement. CNG Lite(TM) will provide benefits for the entire population.”
Energtek, Inc. (EGTK.PK) Subsidiary Anticipates Reporting First Revenues in 2009
Energtek Inc., a leading developer of Adsorbed Natural Gas (ANG) technology, announced that its subsidiary Moregastech India Private Limited anticipates reporting its first revenues during the final quarter of this year.
Moregastech India has a preliminary agreement for joint activities with an Indian entity that receives and distributes natural gas via India’s existing pipeline infrastructure. Gas from the pipeline is to be transported to regional industrial and commercial consumers using Energtek’s proprietary Low-pressure Mobile Pipeline (LMP(TM)) bulk transportation technology. Revenues will be generated from the distribution and sale of natural gas.
Potential revenues, even for the relatively small projects foreseen by the companies, are substantial. According to the press release, initial joint distribution activities are expected to generate revenues of over $5,000,000 (USD) in 2010; over $12,000,000 (USD) in 2011; approximately $20,000,000 (USD) in 2012; and increasing amounts from then on.
Energtek believes the plans for joint activity have advanced positive developments in the approval process for LMP(TM) technology by Indian authorities. The contract in place between the companies provides for the distribution of natural gas to clients in a defined geographical area in North-Central India. It is expected that clients will sign multi-year agreements for the ongoing supply of natural gas.
Because India’s current pipeline distribution network covers very narrow territories, it is incapable of delivering natural gas to most industrial and commercial consumers. Subsequently, these customers cannot be supplied with natural gas without the use of mobile bulk transportation technology. Energtek has developed custom semitrailers to enable the cost-efficient delivery of natural gas to consumers that are not connected directly to existing pipeline infrastructure.
“Natural gas has emerged as the most preferred fuel or feedstock, due to its inherent environmentally benign nature, greater efficiency and cost effectiveness,” stated Honorable Shri Dinsha Patel, Minister of State in the Ministry of Petroleum & Natural Gas. The Minister emphasized the significance of alternative sources of energy in view of the volatile global oil market.
“We have been working in India for a long time to create the conditions that will enable our subsidiary to generate significant revenues,” commented Energtek CEO Lev Zaidenberg. “We expect these efforts to start yielding results in the near future, following the final approval of our technology by Indian authorities. This initial project represents a major step for LMP(TM) technology, and will provide a model that is possible to replicate in larger scale throughout many additional regions in India.”
“We will be able to distribute the energy requirements of many consumers seeking cheaper fuel alternatives,” Zaidenberg added. “There is no doubt that the supply of cheaper and cleaner fuel delivered through Energtek’s proprietary low-pressure bulk transportation technology will be highly beneficial to local industry. India has a constantly growing number of industrial consumers, and over 80 million two- and three-wheel vehicles. Rising energy demands are necessitating the rapid implementation of alternative energy solutions such as LMP(TM).”
Energtek, Inc. (EGTK.PK) - World Leader in Adsorbed Natural Gas Technology
Energtek Inc. is a world leader in the development and commercialization of adsorbed natural gas technology. Energtek develops breakthrough technologies to deliver natural gas from any natural gas source to the consumer, even in cases where no gas pipeline or compressing infrastructure exists.
Energtek supplies natural gas to industrial and commercial consumers that are not connected to a gas network using pipeless natural gas supply bulk transportation solutions. The company has opened up the natural gas market for businesses for which high-pressure solutions, such as CNG – compressed natural gas, is not economically viable.
Energtek’s low-pressure mobile pipeline product is an equipment and services package providing a cost efficient supply for industrial and commercial consumers not connected to the gas network. The company has developed this package based on several economic factors. These factors include: the demand for cheaper and cleaner fuel, the high capital cost of CNG (compressed natural gas) trailers transportation & equipment, and lagging development in new gas pipelines due to high capital costs and land-use problems.
The central element of Energtek’s low-pressure mobile pipeline product is the company’s low-pressure gas transporting semi-trailers which use Energtek’s proprietary low-pressure storage technology. Other elements of the company’s gas supply chain include gas filling terminals and gas reception facilities.
For maximum efficiency, each of Energtek’s mobile pipeline projects requires dedicated engineering of filling and discharging facilities, optimization of transportation logistics and possible adjustment of semi-trailer and other equipment design. A proper selection of equipment creates a balance between preferable initial capital investment and minimal project operational costs.
There are several advantages for Energtek’s low-pressure gas mobile pipeline in comparison with conventional compressed natural gas solutions. Most important among the advantages is a substantial savings on capital costs over a CNG system: up to 50% in transportation costs and up to 80% in filling equipment costs. Other positive factors is that the equipment is simpler, safer, more reliable and cheaper to maintain.
Energtek, Inc. (EGTK.PK): The Real Energy Revolution
When it comes to a real energy revolution, you might be in for a surprise because the biggest energy revolution in the world may not involve prairies full of solar panels and windmills, or futuristic high-tech cars that run on hydrogen or sophisticated battery arrays. It may not even be in the United States. It’s beginning to look like the biggest energy revolution, in terms of sheer size, may be the conversion of China, and other Asian countries, to natural gas (NG).
What’s so revolutionary about natural gas? Isn’t it a fossil fuel? And why Asia?
It’s not that natural gas is revolutionary. The modern natural gas industry has been around since the 19th century, and NG is indeed a card-carrying fossil fuel. But natural gas has a unique mix of qualities that appear to be winning the energy battle in some of the most populous countries on earth.
First of all, unlike oil, natural gas is the cleanest of all fossil fuels, reducing carbon dioxide emissions by 30%-40%, nitrogen oxides by nearly 50%, carbon monoxide by 75%, and particulate emissions by 95%. Over and above the reduction in greenhouse gases, the need for cleaner air at ground level is becoming far more critical in newly industrialized cities. And that, of course, is where Asia, and especially China, enters the picture.
Cities like Beijing, rapidly transitioning from bicycles to automobiles, have begun to experience some of the worst air pollution in the world, putting pressure on the leadership to do something. Add to that the fact that China is rich in natural gas, plus has one of the richest supplies of undeveloped coalbed methane, a form of natural gas, in the world, and you can understand why the government is now looking to natural gas as the most realistic solution to its exploding demand for energy and transportation. In addition, China and Asia are still in the early stages of growing their energy distribution network, and have options open to them that more mature industrialized nations do not.
China’s National Development and Reform Commission is already establishing production goals in excess of 10 billion cubic meters within just the next couple of years. Active mining and processing projects are getting underway all over the country, and tens of thousands of NG vehicles are already on the road in China. However, that doesn’t mean that nobody in the U.S. appreciates the benefits of natural gas. It is, after all, considerably cheaper. If enough stations were built, consumers could save 50% in fuel costs. But the big action seems destined to be in Asia.
A large and diverse set of companies stand to benefit from the coming tidal wave of natural gas and NG vehicle demand.
• Honda Motor (NYSE: HMC) – Honda offers the Civic GX Natural Gas Vehicle, fueled by compressed NG, resulting in near zero emissions (named America’s Greenest Car in 2008).
• China Natural Gas (OTCBB: CHNG) - One of the leading providers of pipeline natural gas for industrial, commercial, and residential use, and compressed natural gas (CNG) for vehicular fuel in Xi’an, China.
• PetroChina (NYSE: PTR) – One of the world’s oil and gas giants. The company is currently working on a major coal based methane project in China.
• Far East Energy (OTCBB: FEEC) – Based in Houston, with several offices in China, the company is exploring some of the largest coalbed methane projects in China.
• Green Dragon Gas (AIM: GDG) – The parent company of Greka China. Green Dragon is focused on the production, distribution, and sale of natural gas from coal bed methane.
And then there is Energtek (PINKSHEETS: EGTK), a leader in the development of Adsorbed Natural Gas (ANG) and other natural gas related technologies. Energtek is not about finding natural gas, but rather about storing and transporting it in a more economical way using ANG. Recent technological developments by Energtek have made ANG viable, and at exactly the right time in history. Applications for it are numerous, anywhere natural gas needs to be stored, transported, or used. The company is already involved in government supported projects in India and the Philippines. If ever there was a company poised to take full advantage of the natural gas energy revolution now taking place in Asia, it is Energtek. For them, and for many of the people in the world, this is the real energy revolution.
Energtek, Inc. (EGTK.PK) Success Partially Based On High-Powered International Board
Energtek, Inc., a leader in alternative technologies for the storage and movement of natural gas, leverages the strengths of its Board of Directors as it seeks to grow internationally. The company uses ANG (Adsorbed Natural Gas) and other technologies to supply natural gas for industrial and commercial consumers not connected to a gas network using bulk transportation solutions. This allows Asian countries to tap their vast reserves of economical and clean natural gas without having to lay an extensive network of pipelines or use costly compressed natural gas transportation.
In addition, Energtek’s proprietary technologies are now being used to convert millions of 3-wheeled vehicles, which are very common in Asia. The company is already involved in government supported projects in India and the Philippines, and the potential for worldwide markets is virtually unlimited.
The strong global orientation of Energtek has been well served by its Board of Directors, representing an international knowledge and experience base seldom seen in a company its size.
• Eliezer (Moodi) Sandberg (Chairman of the Board)
Mr. Sandberg is Former Minister of National Infrastructures (Energy & Water) and Former Minister of Science and Technology, Israel, and has been the Founder and Chairman of the Israeli Parliament Subcommittee on Hi-Tech. Additionally, he served as Chairman of the Israel-Vietnam Friendship Union, the Israel-Brazil Friendship Union, and the Israel-Africa Friendship Union. Mr Sandberg served as former political advisor to the Science and Technology Committee of the Council of Europe, and currently serves as the Head of the National Science and Technology Council of Kazakhstan.
• Lev Zaidenberg (CEO)
A highly experienced international entrepreneur and manager, Mr. Zaidenberg co-founded Angstore Technologies in 2002. Prior to 2002, Mr. Zaidenberg started and managed several successful hi-tech companies in Israel, Europe, and the U.S. He also served as consultant to the Israeli Defense Forces in computer auditing and security, and has received awards for inventive contributions and solutions by the Israeli Air Force and the Israeli Computer Society. Mr. Zaidenberg received a B.Sc. in Applied Mathematics and an MBA from Tel-Aviv University.
• Yishai Aizik
Mr. Aizik is an Israeli Attorney and is also registered at the State Bar of California (FLC). He holds an LLB from the College of Management Law School and an LLM from Bar Ilan University, Israel. Mr. Aizik was Co-founder and Senior Managing Partner of Adam Law Firm providing legal and strategic business consultation for Israeli and U.S. companies. He was also a Co-founder of Justice Haim Cohen Center for the Legal Protection of Human Rights where he worked pro-bono for the underprivileged.
• Dr. Zhenia Fleisher
Since 2005, Dr. Fleisher has been a Senior Research Scientist with Symrise, Inc. Since 2003, she has been an Adjunct Professor at Ramapo College in Mahwah, NJ. From 2002 until 2005, she was a Director of Research at Manheimer, Inc., and was Manager of the Botanicals and Flavors Group at Danisco (Cultor Food Science, Pfizer Food Science) in New York, from 1996 until 2002. Between 1976 and 1996, she held various positions as a scientific researcher. Dr. Fleisher holds a PhD and MS in Chemistry from the Technion Israel Institute of Technology, and received her B.S. in Chemistry from the St. Petersburg State University in Russia.
Energtek Inc. (EGTK.PK) Signs LOI for $1.5M Investment
Energtek Inc., a leading developer of Adsorbed Natural Gas (ANG) technology, announced that it has entered into a Letter of Intent (LOI) with EGFE DM LTD. Under the terms of the letter, the investment will take place in restricted shares of Energtek’s common stock. The letter does not include registration covenants.
EGFE has been given a seven-day period to perform due diligence. $150,000 USD is to be invested before the end of the current month, reaching a total investment of $1,500,000 USD over the next twelve months. It has been decided that the investment of each tranche will take place at either $0.30 per share or at a 10 percent discount on a monthly average market closing price of EGTK shares, whichever is higher.
“EGFE is happy to partner with Energtek,” stated EGFE CEO Alick Lawrence. “Energtek is a company we believe in deeply. The Company is well positioned with its unique proprietary alternative energy solutions in a world that is trying to shed its dependence on crude oil. We are confident that Energtek will bring tremendous cost savings and environmental benefit to their customers, all while developing an impressive revenue stream.”
“We are honored to have EGFE’s vote of confidence,” commented Energtek CEO Lev Zaidenberg. “It is a confirmation of the value encompassed by our proprietary technologies and the business developments in place. Though our company was significantly hit by the financial crisis, we are now on the fast track to recovery. This investment will better enable Energtek to reach our commercial sales goals, particularly in the Far Eastern markets of India and the Philippines.”
Energtek, Inc. (EGTK.PK) Boasts a First-Class Advisory Board
Energtek Inc. is a world leader in the development of absorbed natural gas technology. The company develops and applies proprietary low-pressure storage technology to provide complete well-to-wheel pipeless natural gas supply solutions to industrial customers and fleets of small vehicles. Energtek’s technologies deliver natural gas from any natural gas source to the consumer, even in cases where no gas pipeline and compressing infrastructure exists.
To help guide the company, Energtek has a first-class advisory board whose members have many years of experience in various industries. The members of the advisory board include:
Douglas Horne (USA) – Mr. Horne is president of the Clean Vehicle Education Foundation and chair of SAE Alternative Fuels Subcommittee for standards development. Mr. Horne is also currently a consultant to the US Department of Energy National Renewable Energy Laboratory and to the Brookhaven National Laboratory where he is responsible for development of Liquefied Natural Gas vehicle and infrastructure codes and standards. Mr. Horne was the founder of AGL Absorbent Research Group, a research consortium for the development of adsorbent based natural gas storage.
Gregorio Kopyto (Argentina) – Mr. Kopyto was the CEO of the Argentinean CNG chamber where he participated in the government commissions that created compressed natural gas and natural gas vehicles legislation in Argentina. For 18 years, Mr. Kopyto was a manager of engineering and commercial divisions of Exxon Argentina. Prior to that, he was head of the sales division for the Argentine oil company YPF.
Olivier de Bournonville (Belgium) – Mr. de Bournonville brings over 20 years experience in exporting and finance. He founded Mondial Telecom and was financial director of Econophone Inc. In Europe, Mr. de Bournonville has served in executive positions with Europ Assistance France, Europ Assistance Belgique, and was an international consultant with IMCO.
Igor Kerez (Ukraine) – Mr. Kerez is the CEO of JSC Brinkford Banking Groups. The JSC Brinkford Banking Groups are responsible for the general management of numerous companies in the Ukraine and the Crimea including: Diamantbank, Zaliv Shipyard, JSZ Zaporizhzhya Abrasive Factory, JSC Plast Private Gas and Oil Exploration Company and JSC Stroyindustriya Cement Factory.
Joseph Shefet (Austria) – Mr. Shefet is an expert on international taxation and has written four books on the subject. Mr. Shefet is a senior partner in an Israeli law firm and has been a member of the Israeli Bar Association since 1968 and a member of the American Bar association since 1986. He is also a member of the Israeli CPA Association since 1973, a member of the International Fiscal Association since 1976, and a member of the Society of Trust & Estate Practitioners since 1998.
Jacob Enoch (Israel) – Mr. Enoch is chairman of the board of the Israeli Car Importers Association. He has served as general manager of Eldan Rent a Car and Union Motors Ltd. Mr. Enoch has been national sales and marketing manager for Mediterranean Car Agency Ltd., managing director of Israel’s KIA distributor, executive director of Korean Motors Israel and president of Europcar Israel.
Energtek Inc. (EGTK.PK) Announces First of $1.5M Investment by EGFE DM Ltd.
Energtek Inc., a world leader in the development of Adsorbed Natural Gas (ANG) technology, announced this morning that it has received the first installment of a $1,500,000 USD investment agreement recently signed with EGFE DM Ltd. The $150,000 tranche is the first of ten such tranches to take place over the next 12 months.
Under the terms of the Letter of Intent signed by the two companies, Energtek will grant EGFE restricted shares of common stock in return for the investment. The investment of each tranche will take place at $0.30 per share or at a ten percent discount on a monthly average market closing price of EGTK shares, whichever is higher. The letter does not include registration covenants.
“We are glad to have completed the due diligence process,” stated EGFE CEO Alick Lawrence. “We believe in Energtek and its technology, as well as the company’s current business development opportunities. Energtek is well positioned in the present economic environment for a rapid increase of activities.
“EGFE has checked and confirmed the viability of Energtek’s present business activities,” commented Energtek CEO Lev Zaidenberg. “Their investment proves the value of our proprietary technologies and the business developments in place, and provides an additional boost for realizing our commercial potential.”
Energtek, Inc. (EGTK.PK) Foresees Increased Natural Gas Activities in India
Energtek Inc., a world leader in the development of Adsorbed Natural Gas (ANG) technology, announced this morning that rebounding oil prices and additional Natural Gas (NG) production capacity will increase the potential of its Indian subsidiary to generate significant revenues. Earlier this month, the company stated it expects the subsidiary to report initial revenues during the final quarter of this year.
The Center for Monitoring Indian Economy (CMIE) anticipates NG production in India will increase by more than 60 percent in the coming year. “In 2009-10, we expect domestic natural gas output to grow by a robust 60.5 per cent to 52,239 million cubic metres (mcm),” stated CMIE in its April review.
Incorporated in 2006, Energtek began concentrating into natural gas activities by the beginning of 2007. The revenue projections calculated at that time assumed a $37 per barrel price of crude oil, 25% below the current market price. The price of oil increased rapidly during 2007 and 2008, reaching record highs of over $140 per barrel in mid-2008. The price then plummeted to as low as $35 per barrel by the end of the year. Current expectations are for prices to continue to increase towards $70 per barrel.
“As the price of crude oil rises, the profitability of alternative energy solutions becomes even greater,” stated Energtek CEO Lev Zaidenberg. “Natural Gas is a very competitive energy source with today’s oil prices topping $50 per barrel. This is especially true in India, a country with rapidly expanding NG capabilities.”
“We fully expect our proprietary bulk transportation solutions to provide significant cost reductions to industrial and commercial energy consumers in India, starting this year,” Zaidenberg added. “Producing additional quantities of Natural Gas will expand the number of customers that can benefit from clean and affordable alternative energy. Natural Gas is much cleaner than crude oil, and can be offered at a price significantly cheaper than gasoline, diesel or LPG.”
Energtek, Inc., a leader in alternative technologies for the storage and movement of natural gas, is a company at the right place at the right time. They have a lock on a technology attractive to potentially hundreds of millions of Asian consumers because it can dramatically reduce their fuel costs, and attractive to governments because it can dramatically reduce pollution.
The technology is a proprietary system, unmatched by anything else, that allows small 2 and 3-wheeled vehicles, the primary mode of transportation in many Asian countries, to run on cheap, clean natural gas (NG). By converting these small vehicles to natural gas, emission reductions are substantial, including a 90% reduction in the greenhouse gas carbon dioxide. In addition, drivers’ fuel costs are significantly reduced, though the exact percentage depends upon the cost of gas and other factors.
Until now, however, there has been a problem converting small vehicles to NG due to difficulties in deploying and carrying standard high-pressure compressed natural gas (CNG). The Energtek system, called CNG LiteTM, overcomes the problem by using an innovative gas adsorption technology that allows low-pressure containment, making natural gas easy to supply and use.
Perhaps the most striking aspect of all this is the quick and positive response Energtek has received in Asia. Far from being some long-term corporate vision, the company’s proposals have already been given the go-ahead in places like the Philippines, where its subsidiary, Energtek Philippines, Inc., so impressed government officials with a demonstration of converted natural gas tricycles that the company was requested to convert at least 1 million tricycles. Conversion of even half that amount would yield several hundred million dollars in revenue.
This will give you an idea of the market Energtek is facing. The Philippines is representative of many other countries in Asia with the same needs and the same potential. It is estimated that there are roughly 300 million motorized 2 and 3-wheeled vehicles currently on the road, a number that is growing quickly. Energtek is the one company that holds the key to this enormous market.
Energtek, Inc. (EGTK.PK) Anticipates Growing Profits In India
Energtek, Inc., leading developer of the revolutionary ANG (Adsorbed Natural Gas) process for the containment and transportation of natural gas, is expecting its Indian subsidiary, Moregastech India Private Limited, to report its first revenues during the final quarter of 2009. Some see it as just the first move into a profitable future for the company, based upon a huge anticipated demand for its proprietary technology.
The subsidiary is working closely with an Indian entity to augment the country’s pipeline infrastructure through the use of Energtek’s ANG system, which allows gas from the pipeline to be transported to industrial and commercial sites using low pressure bulk transportation. As a result, areas not served by pipelines can now enjoy the reduced cost and low pollution qualities of natural gas, without the expense of transporting high pressure compressed natural gas.
Conservative estimates of revenues for just these initial Indian projects go from $5 million in 2010 to approximately $20 million in 2012, with continued increases thereafter. Multi-year agreements are expected with consumer clients, primarily in North-Central India. In addition, there are many more customers that are out of reach of India’s current gas pipeline network, providing additional opportunity for Energtek’s mobile bulk transportation.
Lev Zaidenberg, Energtek CEO, commented on the effort behind the company’s progress in India. “We have been working in India for a long time to create the conditions that will enable our subsidiary to generate significant revenues. We expect these efforts to start yielding results in the near future, following the final approval of our technology by Indian authorities. This initial project represents a major step for LMP(TM) technology, and will provide a model that is possible to replicate in larger scale throughout many additional regions in India.”
Energtek, Inc. (EGTK.PK) Continues To Attract Investor Money
Energtek, Inc., a leading developer of Adsorbed Natural Gas (ANG) technology for improved efficiency in the containment and transportation of natural gas (NG), has been able to easily attract investment funding. The company has already received the first $150,000 installment of a $1,500,000 planned investment from EGFE DM Ltd, for which EGFE will receive shares of Energtek common stock. Monthly payments by EGFE are to continue until the full investment is completed.
EGFE earlier completed a period of due diligence, evaluating Energtek’s prospects, and came to a positive conclusion. It’s another vote of confidence from the investment community, based upon Energtek’s growing earnings prospects in Asia. Energtek has worked out agreements in India to use its proprietary ANG technologies to provide bulk transport of NG to areas not served by gas pipelines. In addition, the company has received government approval in the Philippines to use its technology to convert one million 3-wheeled vehicles to NG use. Both of these projects represent significant potential revenue in the coming months and years.
The advantage of Energtek’s ANG approach to NG containment is that it allows the same amount of gas to be stored in the same volume at lower pressure than normal NG storage techniques, making it practical for use on small vehicles. Additionally, in situations where increased pressure is allowable, ANG allows the storage of more gas in the same volume, making it more efficient for bulk storage and transportation.
In Asia, where clean burning natural gas is plentiful, there is an increasing demand for efficient NG handling. As governments look for ways to grow economies while reducing air pollution and emissions, Energtek’s ANG technology appears to be the best answer for many. The potential for the company is enormous.
Energtek, Inc., with its unique and proprietary technologies for the efficient storage and transportation of natural gas, has staked its future on NG demand. It’s a move that looks increasingly solid as the prominence of natural gas in the world energy hierarchy continues to expand. Natural gas has more going for it than almost any other fuel, and certainly more than any other fossil fuel.
For one, natural gas is the most practical motor fuel alternative to gasoline. In fact, it’s easy to convert vehicles to NG use and it’s cheaper to run on natural gas than on gasoline. But, perhaps most significantly, natural gas is far cleaner than other fossil fuels, producing 25% less carbon dioxide, 50% less nitrous oxides, and 90% less carbon monoxide.
In addition, natural gas is available in greater quantities than oil, and is distributed more evenly throughout the world. Moreover, unlike oil, NG doesn’t require expensive refining. There are large reserves in Asia where developing countries are desperately seeking accessible but clean energy sources. Natural gas offers a resource that is available and easy to process, explaining why NG is often on the top of the list in places like India and China when it comes to new energy initiatives.
One of the greatest strengths of natural gas is its ability to be applied to the automotive market. Unlike other industries, automobiles remain almost totally dependent upon crude oil, even though supplies and production resources are now strained. And, with an increasing number of 800 million vehicles on the road worldwide, the reduction in vehicle emissions has rapidly become a global issue. Natural gas offers an especially efficient solution to developing Asian countries, as the market for new cars there surges. By producing new NG cars, and converting existing vehicles, Asia can significantly impact anticipated environmental threats.
Where does Energtek fit into all this potential? Through the application of the company’s Adsorbed Natural Gas (ANG) technology, natural gas is more efficiently stored and transported, because it avoids the high pressures, and costs, involved in CNG (compressed natural gas) storage. It’s so efficient it can even be used to convert tiny 3-wheeled motor vehicles, so common in Asia, to natural gas, something that’s impractical with CNG. The company has already signed huge contracts in the Philippines and India. It’s a technology so unique and so compelling that it could soon be difficult to talk about natural gas without also talking about Energtek and ANG.
Energtek Inc. (EGTK.PK) Subsidiary Positioned to Benefit from Increased Natural Gas Production and Rising Oil Prices
According to the Center for Monitoring Indian Economy (CMIE), India’s natural gas production will increase an astounding 60% by the end of next year. The economic think-tank predicts domestic natural gas output will grow to 52,239 million cubic metres in 2009-2010. The additional natural gas production capacity, plus rebounding oil prices, will likely increase the success of Energtek’s subsidiary in India.
The price of oil has rebounded steadily over the last several months and continues to hold its advances. As the price of crude oil rises, the profitability of alternative energy solutions (such as natural gas) becomes even greater. Natural Gas is a very competitive energy source with today’s oil prices, especially in India where natural gas capabilities are growing rapidly.
“We fully expect our proprietary bulk transportation solutions to provide significant cost reductions to industrial and commercial energy consumers in India, starting this year,” Energtek CEO Lev Zaidenberg stated earlier in a press release. “Producing additional quantities of Natural Gas will expand the number of customers that can benefit from clean and affordable alternative energy. Natural Gas is much cleaner than crude oil, and can be offered at a price significantly cheaper than gasoline, diesel or LPG.”
Energtek, Inc. (EGTK.PK) Finds Itself On Top Of a New Industry
Energtek, Inc., leading developer of Adsorbed Natural Gas (ANG) technology for efficient containment of natural gas, has the solution to a problem that has plagued many countries, especially in Asia, for years. The company has developed a way to successfully convert millions of 2- and 3-wheeled motorized vehicles to clean burning natural gas at an acceptable cost, and they are now getting an enthusiastic go-ahead to begin the conversion process, which could go on indefinitely and result in a huge and continuous revenue streams for Energtek.
Energtek’s system is called CNG LiteTM, and represents a revolution in the storage and application of natural gas, the cleanest burning fuel available. Unlike standard CNG (Compressed Natural Gas) containment, where NG must be stored under high pressure, requiring costly containment and handling systems, the Energtek approach utilizes the ANG principle of molecular adsorption, which allows gas to be held under low pressure. The ANG approach allows easier and cheaper NG storage, making it cost effective to apply to small 2- and 3-wheeled vehicles for the very first time.
This is a major breakthrough for countries like the Philippines, where millions of these small motorized vehicles provide a primary source of transportation, creating enormous pollution problems. Natural gas, on the other hand, is relatively clean burning, and now, thanks to Energtek, conversion of the vehicles to NG is economically feasible.
In addition, natural gas is relatively plentiful and, using ANG technology, the cost of expanding the NG filling infrastructure is substantially lower than it would be with standard CNG. This means more stations can be built in more places, further encouraging NG use. And increased natural gas demand will allow the tapping of more regional NG resources, which could use Energtek’s ANG system for the efficient bulk transportation of gas to locations not served by a gas pipeline.
Energtek’s ANG technology has, in effect, opened up a new industry, with Energtek sitting comfortably at the top. The government of the Philippines has already asked Energtek to begin conversion of approximately one million motorized tricycle-like vehicles. The Philippines motorized tricycle conversion project alone could result in hundreds of millions of dollars in revenue, and there are roughly 300 million such small vehicles currently on the road worldwide.
Energtek, Inc., world leader in the development of ANG (Adsorbed Natural Gas) technology, sees itself as offering a solution to a host of world environmental problems. By using ANG technology to provide more efficient and cost effective natural gas storage and transportation, Energtek allows the use of natural gas (NG) in vehicles and locations not previously possible. In so doing, the many environmental advantages of NG are greatly expanded. This is especially true in Asia where ANG means natural gas can now be inexpensively transported to remote locations not served by the region’s limited pipeline infrastructure. In addition, millions of 2- and 3-wheeled vehicles, so common in Asia and other developing areas, can now be converted to NG.
One of the most beneficial applications of natural gas is as an automotive fuel because it greatly reduces pollution compared to other combustible fuels. Natural gas is comprised largely of methane (CH4), one of the simplest substances in nature. Due to its simple composition, methane is the cleanest burning of all fuels, after pure hydrogen.
Emissions from gasoline and diesel engines are a major source of greenhouse gases as well as dangerous particulate matter. They are also known to contribute to a variety of human diseases, including cancer and heart disease. NG vehicles release almost no particulate matter and far fewer toxic pollutants and greenhouse gases. Carbon dioxide emissions are reduced by 25%, nitrous oxides by 35%-60%, and carbon monoxide by over 90%.
As just one example, the NG Honda Civic GX has been called the cleanest internal combustion vehicle on earth by none other than the U.S. Environmental Protection Agency. It has been reported that the Civic can drive from the West Coast of the US to the East Coast and emit less non-methane hydrocarbons than spilling one teaspoon of petrol. If fact, tests performed in heavily polluted cities found that the air emitted from NG vehicles is often cleaner than the air entering the engine.
As if that weren’t enough, emissions from NG combustion contain virtually no sulfur dioxide, a primary contributor to acid rain. And, as a side benefit, the noise from NG vehicles has been shown to be up to 50% less than similar sized gasoline or diesel vehicles. It’s little wonder that governments in Asia have been not only cooperative, but actively encouraging Energtek’s goal of converting millions of vehicles to clean natural gas.
Energtek Inc. (EGTK.PK) Focuses on Natural Gas Technologies
Energtek Inc., a prominent leader in alternative energy technologies, is currently engaged in developing and commercializing Absorbed Natural Gas (ANG) technology. ANG technology allows for the storage of comparable natural gas quantities at reduced pressure, thereby significantly lowering the costs of capital investments and operation.
Although in recent years the commercialization of ANG technology stalled because of unsolved technological problems, Energtek’s determined efforts have resulted in a solution to some of the key problems of the future gas and transportation industries. The result of this research and development effort led to the first commercially efficient system of ANG storage.
Energtek Inc. focuses on natural gas solutions for a variety of reasons; not only is it cheaper and more readily available than gasoline, it also has an impeccable safety record and burns cleaner than any of its counterparts. The company is poised to benefit greatly from increasing interest in natural gas solutions as global markets seek to diversify their energy sources. Energtek develops breakthrough technologies to deliver the product from any NG source to the consumer, even in cases where no gas pipeline or compressing infrastructure exists. Additionally, the company utilizes proprietary low-pressure storage technology and products to provide complete Well-to-Wheel energy solutions, delivering NG directly from production fields to final users.
Energtek provides proprietary solutions to meet the technical and economical challenges of NG delivery to vehicles worldwide, with a major focus on the 2-3 wheel vehicle market in Asia. In addition, the company supplies NG to industrial and commercial consumers, using pipeless NG supply bulk transportation solutions. Energtek is proud of its reputation as a leading clean energy provider. Its Management Team, Board of Directors and Advisory Board of top industry experts follow high ethical standards with a commitment to providing alternative energy solutions to businesses and governments worldwide.
The Energy behind Energtek Inc.’s (EGTK.PK) Low-Pressure Mobile Pipeline Bulk Transportation System
Energtek Inc. has established itself as a global leader in the development and commercialization of Absorbed Natural Gas (ANG) technology. The company acknowledges natural gas as a practical solution to today’s energy demands and challenges.
The company has developed proprietary technology to address logistical and transportation obstacles for the delivery of natural gas with its Low-pressure Mobile Pipeline (LMP) Bulk Transportation System. The LMP is a package deal – with equipment and services bundled into a cost-efficient solution for industrial and commercial energy consumers that aren’t currently connected to the gas network.
Energtek’s LMP trumps challenges associated with the building of new infrastructure to accommodate new gas lines, such as high upfront capital costs, long-term return and land-use problems. The system offers a feasibility study, project engineering and the adjustment of equipment design as needed, as well as equipment manufacturing and installation, technical support for the system’s operation and maintenance, and participation in project financing.
To ensure maximum efficiency, each mobile pipeline project is evaluated to determine data on fuel quantities, consumer characteristics, distances to be traveled and associated road limitations, truck operation costs, land-use limitations, on-road transportation regulations, gas facilities and fuel costs, and other important variables. Energtek then determines the proper selection of equipment to match the customers’ budget and preferred capital investment. The company’s efforts to meet energy demands without sacrificing customer satisfaction are important factors for surviving in the competitive natural gas market.
Energtek Inc. (EGTK.PK) Secures Commercial Natural Gas Customer in Israel
Energtek Inc. develops and applies its proprietary low-pressure storage technology to industrial consumers and fleets of small vehicles, operating through its subsidiaries in North America, Europe, Asia and the Middle East.
Earlier this year, Energtek was granted a license to produce and sell natural gas on the Nir-am Sa’ad site, an 807 million-square-foot site in the northern part of Israel’s Negev region. The company yesterday announced its wholly owned subsidiary Energtek Products Ltd. has found a likely natural gas customer in Israel; the natural gas will be extracted from the aforementioned Nir-am Sa’ad site.
According to Energtek, the unnamed customer is expected to be the first Energtek customer in the region as the company moves forward with seeking out other potential customers.
“The customer ready to receive natural gas extracted from the Nir-am Sa’ad site will likely be the first industrial consumer to utilize stranded gas in Israel,” Energtek CEO Lev Zaidenberg stated in the press release.
In addition to its storage technology solutions, Energtek offers bulk transportation solutions for industrial applications. It also offers an alternative motor fuel solution for 2-and 3-wheel vehicles in Asia, a market experiencing rapid growth and dominating the Asian roadways.
Data powered by FinancialContent.
All Rights Reserved.
Quotes delayed at least 20 minutes unless otherwise indicated.
None of the information contained on SocialPicks.com constitutes a recommendation by SocialPicks or its users that any particular security, portfolio of securities, transaction, or investment strategy is suitable for any specific person. SocialPicks is not responsible for the posts, discussions, and recommendations of the users on the Site. SocialPicks does not provide investment advice. You must make your own independent decisions regarding any security, portfolio of securities, transaction, or investment strategy mentioned on the website. SocialPicks' users' past results are not necessarily indicative of future performance. Neither SocialPicks nor any of its users guarantees any specific outcome or profit, and you should be aware of the real risk of loss in following any strategy or investments discussed on the website. You understand and agree that you use the Site and Services at your own discretion and risk and that you will be solely responsible for any damages that arise from such use. Before acting on any information contained on the website, you should consider whether it is suitable for your particular circumstances and strongly consider seeking advice from your own financial or investment adviser.
$1.41 (04/07/08)
