Philippines' Government Requests Sample of Energtek's CNG Lite(TM) Tricycle Conversions...
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Philippines' Government Requests Sample of Energtek's CNG Lite(TM) Tricycle
Conversions in Metro Manila
NEW YORK, April 20 /PRNewswire-FirstCall/ -- Energtek Inc., a world
leader in the development of Adsorbed Natural Gas (ANG) technology, today
announced that the Government of the Philippines has asked Energtek to
convert a sample of three-wheel vehicles ("tricycles") in Metro Manila to
operate on natural gas. Energtek will be utilizing its proprietary CNG
Lite(TM) system based on ANG technology to convert the vehicles.
The Philippines' Department of Energy will allow tricycles to use natural
gas resources allocated to the Natural Gas Vehicle Program for Public
Transport (NGVPPT). 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, which is currently the Philippines' largest
indigenous energy source.
Energtek CEO Lev Zaidenberg stated, "We are quite pleased to assist the
Filipino government in their quest to provide a cleaner and cheaper motor
fuel alternative to oil. In a metropolitan area with millions of tricycles
such as Metro Manila, Energtek's CNG Lite(TM) system can utilize natural gas
to provide significant environmental improvement and cost-benefits for
drivers."
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."
About Energtek
Energtek develops and applies proprietary low-pressure storage technology
to provide complete well-to-wheel pipeless Natural Gas supply solutions to
industrial consumers and fleets of small vehicles. Energtek's Natural Gas
solutions reduce pollution and alleviate consumer energy costs. Energtek
provides competitive bulk transportation solutions to industrial users and a
profitable alternative motor fuel solution for 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
Forward-Looking Statements
This release contains forward-looking statements. 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. In evaluating
such statements, prospective investors should review carefully all risks and
uncertainties, including those identified in this release and other matters
set in material publicly released by Energtek. These risks and uncertainties
could cause actual results to differ materially from those indicated in the
forward-looking statements.
Contacts:
Energtek Inc.
Tel: +1-212-999-6202
IR@energtek.com
SOURCE Energtek Inc.
Contacts: Energtek Inc., Tel: +1-212-999-6202, IR@energtek.com
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