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Category:  Press » Automotive

 

Energtek's Successfully Operating Vehicles Highlight CNG-NGV Philippines Forum

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2008-08-27 05:53:08     
Energtek Inc.

Energtek Inc. (OTCBB: EGTK), a world leader in the development of Adsorbed Natural Gas (ANG) technology, today announced that its sample of converted two-stroke and four-stroke three-wheelers ("tricycles") have been successfully operating on natural gas for more than a month in the Philippines.

Energtek CEO Lev Zaidenberg made the announcement at the Compressed Natural Gas (CNG) - Natural Gas Vehicle (NGV) Philippines Forum during a presentation on "Commercial NGV Conversion of Three-Wheelers in the Philippines." Energtek is an official sponsor of the national forum, focused on "Pushing Natural Gas Vehicle Solutions throughout Metro Manila by 2010."

The vehicles have been operating since July on Natural Gas extracted from the San Antonio stranded gas well. Environmental analysis of the vehicle sample has concluded that carbon monoxide (CO) emissions from the tricycles are virtually eliminated following conversion.

Energtek's CNG Lite(TM) conversion of gasoline powered two-stoke tricycles reduced levels of carbon monoxide from 4 percent to 0.6 percent, a reduction of 85. Conversion of gasoline powered four-stroke tricycles reduced levels of Carbon Monoxide emissions from 2.5 percent to a virtually non-existent 0.05 percent, a reduction of 98 percent.

"The beneficial effects of the emission reductions will be immediately felt throughout the Philippines," said Zaidenberg, CEO of Energtek. "In addition to the environmental advantages, drivers of tricycles will save hundreds of dollars each year on fuel costs using CNG Lite(TM). We are proud to deliver this technology to the Philippines, and look forward to fulfilling the government's request of Energtek to convert at least half a million of the country's three million tricycles over the next three to four years."

The sample tricycles are the first of the Company's commercial NGV project in the Philippines aimed at converting at least 500,000 tricycles during the present stages. A recently converted vehicle was on display at the forum.

The vehicles were converted using Energtek's proprietary CNG Lite(TM) natural gas conversion and supply system for small vehicles, which the Company introduced at the conference. The CNG Lite(TM) complete energy supply solution for small vehicles, powered by ANG technology, resolves many of the challenges of standard high-pressure CNG solutions, in addition to the known economic and environmental benefits of utilizing Natural Gas as a motor fuel.

The company expects to convert additional vehicles during the month of September, and complete 3,000 tricycle conversions in the province during 2009. In addition, Energtek aims to launch additional conversion projects over the next several months in the areas of Cebu and Batangas, near Metro Manila.

About Energtek

A world leader in the development and application of Adsorbed Natural Gas (ANG) technology, Energtek provides complete well-to-wheel pipeless Natural Gas supply solutions to fleets of small vehicles and industrial consumers. Energtek's low-pressure Natural Gas solutions reduce pollution and alleviate consumer energy costs. Energtek provides a profitable alternative motor fuel solution for the large market of low-income 2- and 3-wheel vehicle drivers in Asia. Energtek operates subsidiaries in North America, Europe, Asia and the Middle East. To learn more about Energtek, visit http://www.energtek.com.

About Natural Gas Adsorption

ANG storage technology enables hi-tech and cost-effective storage of Natural Gas, by maximizing the quantities of gas stored in a tank. Low-pressure adsorption greatly reduces the infrastructure, fueling, and energy costs of supply solutions to consumers where no pipeline or refueling infrastructure is present. Energtek's proprietary low-pressure storage solutions enable new markets of motor vehicle fleets and industrial consumers, to benefit from environmentally friendly and affordable Natural Gas.

Forward-Looking Statements

This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of Energtek and its technologies. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. In evaluating such statements, prospective investors should review carefully various risks and uncertainties identified in this release and matters set in Energtek's SEC filings. These risks and uncertainties could cause actual results to differ materially from those indicated in the forward-looking statements.

Contacts:

Alex Traiman

+1-212-999-6202

Specialized in: Ang - Adsorbed Natural Gas - Ng - Compressed Natural Gas - Cng - Ng Supply - Well-to-wheel
URL: http://www.energtek.com
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