Energtek Plans to Implement LMP Technology in Africa
NEW YORK, February 1 /PRNewswire-FirstCall/ -- Energtek Inc., a world leader in the development of Adsorbed Natural Gas (ANG) technology, today announced that the company is planning to implement its natural gas distribution technology in western Africa. The announcement follows a lengthy appraisal of commercial opportunities in the region.
Energtek CEO Lev Zaidenberg, CTO Yuri Ginzburg and other staff members recently concluded a series of visits and meetings in Africa. The visits focused on the application of Energtek's proprietary Low-pressure Mobile Pipeline(TM) (LMP) solution for land-transport distribution of indigenous natural gas to industrial and commercial consumers.
The outcomes of the meetings were positive, and the company expects to be able to provide additional details in the near future.
"Many African nations are home to significant quantities of indigenous natural gas," said Energtek CEO Lev Zaidenberg. "Our technology can deliver these valuable resources to local energy consumers, at comparatively lower prices than oil or 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 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:
[email protected]
+1-212-999-6202
SOURCE Energtek Inc.
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