NEW YORK, January 28, 2013 /PRNewswire/ --
Energtek Inc. (Pink Sheets: EGTK), a leader in hi-tech natural
gas solutions and Adsorbed Natural Gas (ANG) technology, announced
today that the company has finished the testing of components at
its natural gas filling station in Reljevo, Sarajevo.
The station, which receives natural gas from a local pipeline
will be used to compress and deliver natural gas to regional
industrial energy consumers as part of a 10-year ongoing energy
supply contract scheduled to realize revenues of over $100MM.
Natural gas from the filling station will be delivered to the
customers utilizing Energtek's proprietary natural gas
transportation system.
Energtek expects the station to be fully operational soon.
While Energtek has already been supplying its existing customers
with significant quantities of natural gas, operations at the new
station will significantly increase Energtek's supply capacity to
enable the company to fulfill the full terms of its supply
contracts. The filling station will also enable Energtek to
accommodate delivery of natural gas to additional local energy
consumers.
"The testing of the filling station has been completed to our
full satisfaction," said Prof. Yuri
Ginzburg, CTO of Energtek Inc. "The station
significantly increases our supply capabilities, and also increases
the overall reliability of our supply system through a greater
distribution of our supply sources."
About Energtek (EGTK)
Energtek utilizes proprietary mobile transportation technology
to supply natural gas to industrial energy consumers with a
particular focus in Eastern Europe
and the Middle East. The
company is a leading developer of ANG technology, and has developed
innovative low-pressure mobile transportation solutions for
industrial consumers and fleets of small vehicles. To learn more
about Energtek, visit http://www.energtek.com.
Forward-Looking Statements
This release contains forward-looking statements within the
meaning 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. In evaluating such statements, prospective
investors should review carefully various risks and uncertainties
identified in this release and other matters set in Energtek's
filings. These risks and uncertainties could cause actual
results to differ materially from those indicated in the
forward-looking statements.
Contacts:
Investor Relations
+1-212-999-6202
IR@energtek.com
SOURCE Energtek Inc.