Energtek CEO
The vehicles have been operating since July on Natural Gas extracted from
the
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 sample tricycles are the first of the Company's commercial NGV
project in
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
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 IR@energtek.com
SOURCE Energtek Inc.