Energtek Obtains Accreditation From Philippines Department of Energy
NGVPPT Certificate Enables Energtek to Convert and Provide Ongoing Supply of Natural Gas to Existing Vehicles in Metro Manila
MANILA, Philippines, March 3, 2010 /PRNewswire-FirstCall/ -- Energtek Inc., a world leader in the development of Adsorbed Natural Gas (ANG) technology, announced that the company's fully-owned subsidiary, Energtek Philippines Inc., has been certified as a duly accredited participant in the Filipino Natural Gas Vehicle Program for Public Transport (NGVPPT).
The official Certificate of Accreditation was issued by the Filipino Department of Energy. The accreditation entitles Energtek Philippines Inc. to convert and retrofit existing vehicles to operate on Natural Gas; as well as to provide ongoing Natural Gas supply to the vehicles as fuel.
The certification followed extensive field trials of the company's CNG Lite(TM) fuel system for small vehicles.
Vehicles included in the alternative energy program have been allocated natural gas from the Malampaya Offshore Natural Gas Reserve in Batangas, the nation's largest indigenous energy source.
The company's CNG Lite(TM) system for small vehicles is particularly suitable for tricycles. Three-wheeled vehicles represent one of the most popular forms of transportation in the Philippines. There are millions of gasoline powered tricycles in the Metro Manila area, contributing to dangerous pollution levels.
The provision of gas through the NGVPPT program will allow the conversion of large numbers of gasoline powered tricycles to operate on Natural Gas, and can significantly reduce the nation's dependence on foreign oil.
Converting the vehicles to Natural Gas provides a substantial reduction in hazardous emissions and is cost-effective. CNG Lite(TM) is currently the only commercially-viable system that can be utilized for mass conversions of tricycles in the Philippines.
"NGVPPT accreditation is a major step for Energtek," said Energtek CEO Lev Zaidenberg. "This certification greatly aids the company in its plans to become a significant provider of Natural Gas to the large market of small vehicles in the Philippines."
"The accreditation process was a lengthy one, requiring Energtek to perform extensive field tests over a long period to prove the effectiveness of the CNG Lite(TM) conversion system. Now that our CNG Lite(TM) fuel system has been approved for commercial application, it can be used to supply a cheaper and cleaner motor fuel that provides benefits for the entire population."
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: [email protected] +1-212-999-6202
SOURCE Energtek Inc.
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