Energtek Announces Start of Operations of New Station in Balkans
Daily deliveries of 25,000 cubic meters from Reljevo station to final consumer
NEW YORK, March 18, 2013 /PRNewswire/ –
Energtek Inc. (OTCBB: [http://finance.yahoo.com/q?s=egtk-pkpk ] EGTK), a leader in
hi-tech natural gas solutions and Adsorbed Natural Gas (ANG) technology, announced that
the filling station in Reljevo built by Energtek’s subsidiary Energtek Herz d.o.o is fully
The station supplies 25,000 cubic meters of natural gas on a daily basis. The station
is receiving the gas according to a agreement with BH Gas, the national gas supplier in
Bosnia and Herzegovina.
Energtek’s subsidiary is operating a semi-trailers fleet to deliver gas to customers
according to the reported 10-year ongoing energy supply contract scheduled to realize
revenues of over $100MM
“We are pleased to announce that operations have begun in Sarajevo and we are
supplying on a daily basis 25,000 cubic meters of gas from the Reljevo station,” said
Prof. Yuri Ginzburg, CTO of Energtek Inc. “Now that operations are taking place flawlessly
we can concentrate on expansion of the operations, both to Aluminij, where the contract is
for an expected delivery of about 40,000 cubic meters and to other potential customers”,
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.
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
SOURCE Energtek Inc.