Energtek Signs Memorandum of Understanding With Natural Gas Distribution Company...

Energtek Signs Memorandum of Understanding With Natural Gas Distribution
Company in India
Energtek Prepares to Build its First Filling Station in India to Transport
Clean, Affordable Natural Gas Energy to Industrial Consumers and NGVs Using
Proprietary Bulk Transportation System

VALLEY STREAM, New York, June 19 /PRNewswire-FirstCall/ -- Energtek Inc.
(OTCBB: EGTK), world leader in the development of Adsorbed Natural Gas (ANG)
technology, today announced the signing of a Memorandum of Understanding with
a Natural Gas distribution company in Uttar Pradesh, India. The agreement
advances efforts to commercialize Energtek's proprietary bulk storage and
transportation technology in India.
Located in the northern part of the country, Uttar Pradesh is India's
most populous state with over 180 million residents and has undergone
significant industrialization in recent years. As such, the demand for
alternative energy sources by Uttar Pradesh's commercial enterprises is
growing rapidly.
The MOU advances gas bulk transportation projects utilizing the primary
elements of Energtek's proprietary Low-pressure Mobile Pipeline (LMP)
technology. Energtek aims to transport Natural Gas from India's national
transmission grid to a local city distribution network. The transported gas
can be utilized by numerous industrial operations, and by one or more Natural
Gas Vehicle (NGV) fueling stations.
To facilitate the mobile transport of Natural Gas, Energtek plans to
construct its first filling station in India. The purpose of the filling
station is to enable the transport of natural gas to the city distribution
network, and provide Natural Gas to additional industrial consumers in the
region. The station may also provide clean and affordable motor fuel to
converted Natural Gas Vehicles in the region. Plans for the filling station
call for it to be attached to the national transmission pipeline along a
heavily traveled automotive artery in a densely populated industrial area
approximately 150 km from Delhi.
"With a constantly growing number of industrial consumers and over 80
million two- and three-wheel vehicles, India is in great need of alternative
energy powered by ANG and Energtek's proprietary low-pressure storage
technology," said Energtek CEO Lev Zaidenberg. "We are certain that our
technology will provide drastic cost relief and environmental benefits to
industries and drivers in India."
Energtek's proprietary Low-pressure Mobile Pipeline technology enables
the cost-efficient delivery of clean Natural Gas energy to industrial and
commercial consumers at a fraction of the price of oil.
Energtek is also currently engaged in advanced commercial project
negotiations with a Natural Gas distribution company operating in the states
of Haryana and Rajasthan. Feasibility studies are similarly underway with
additional Natural Gas companies for projects in the states of Maharashtra
and West Bengal.
"Energtek's commercial operations continue to develop rapidly in India,"
said Zaidenberg. "Combined with our recent advances and operational
milestones in the Philippines and Indonesia, our company is quickly
progressing as a global provider of clean and cost-effective energy."
About Energtek
Energtek develops and applies proprietary ANG technology to provide
complete well-to-wheel pipeless Natural Gas supply solutions to large
automotive and commercial consumers. Energtek's Natural Gas solutions reduce
pollution and alleviate consumer energy costs, particularly within the large,
growing 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 the benefits of ANG Technology, visit http://www.energtek.com
About ANG
Adsorbed Natural Gas (ANG) technology enables hi-tech and cost-effective
storage of Natural Gas, by maximizing the quantities of gas stored in a tank.
ANG greatly reduces the infrastructure, fueling, and energy costs of supply
solutions to consumers where no pipeline or refueling infrastructure is
present. ANG enables new markets of motor vehicle fleets and large commercial
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
IR@energtek.com

SOURCE Energtek Inc.

Contacts: Alex Traiman, IR@energtek.com