Energtek Begins Fully Commercial Supply of Natural Gas to Aluminij Facility
NEW YORK, August 15, 2012 /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’s subsidiary
Energtek Herz d.o.o. Mostar has begun supplying Aluminij d.d. Mostar, a large industrial
energy consumer in Bosnia, with full-scale commercial quantities of natural gas on a daily
In the past two weeks, Energtek has increased the quantities of natural gas delivered
to Aluminij by fifty percent, marking the end of a successful pilot and the start of the
full implementation of the ten-year signed commercial project. Energtek’s ongoing natural
gas supply contracts signed with Aluminij and FEAL d.o.o. Sirokij-Brijeg are expected to
yield revenues of $10,000,000 annually.
Natural gas is delivered to Aluminij via Energtek’s proprietary mobile transportation
natural gas supply solution. With the conversion of their facilities to utilize clean and
affordable natural gas, rather than diesel fuel, Aluminij is planning for natural gas to
be its primary fuel source.
“Thanks to our successful partnership with Energtek, our facilities are now operating
on a cleaner and cheaper energy source, providing substantial savings for our company as
well as the environment,” said Zeljko Boras, COO of Aluminij. “We are extremely pleased
with Energtek’s technology and the ability of Energtek’s team to meet the energy needs of
our complex facilities. We are hopeful that the implementation of this contract will
provide a model for other manufacturers in the region, and we are glad to provide an
overwhelmingly positive recommendation.”
“The full implementation of this commercial project shall make Aluminij our largest
revenue generating customer to date, and represents a major milestone for Energtek,” said
Lev Zaidenberg, CEO of Energtek. “The project demonstrates Energtek’s abilities to convert
large facilities and successfully deliver a much needed alternative source of energy to
“We are similarly confident in Energtek’s abilities to implement additional contracts
in the region,” Zaidenberg stated.
About Energtek (EGTK)
Energtek develops and applies innovative low-pressure mobile transportation solutions
for industrial consumers and fleets of small vehicles. Energtek operates subsidiaries in
North America, Europe, Asia and the Middle East. To learn more about Energtek, visit
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 IR@energtek.com +1-212-999-6202
SOURCE Energtek Inc.