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Energtek Eyes Expanding Role for Natural Gas in US Transportation Sector

Posted on: Tuesday, 17 March 2009, 08:32 CDT

NEW YORK, March 17 /PRNewswire-FirstCall/ -- Energtek Inc., a world leader in the development of Adsorbed Natural Gas (ANG) technology, expects Natural Gas (NG) to play an increasing role in fueling transportation across the United States. President Barack Obama has called for a major reduction in dependency on foreign oil in his energy portion of the Economic Stimulus Bill now being implemented.

President Obama's Energy Plan calls for a reduction in oil consumption to "save more oil than we currently import from the Middle East and Venezuela combined within the next 10 years."

More than 60% of oil consumed in the U.S. is used by the transportation sector. Most of the vehicles currently on the road have internal combustion engines that can run on gasoline or NG. Using NG as a substitute for gasoline can dramatically reduce oil imports. NG is the world's cleanest fossil fuel and significantly reduces carbon monoxide and greenhouse gas automobile emissions. NG is an abundant natural resource and is cheaper than oil.

"NG is currently the only commercially-viable motor fuel alternative to oil," said Energtek CEO Lev Zaidenberg. "NG is cheaper, cleaner and there are proven reserves to power the country's enormous automotive fleet for the foreseeable future. No other energy source, including renewable fuels, can be implemented as quickly and completely into the motor vehicle market as NG."

Other industry leaders such as oil magnate T. Boone Pickens have continued to promote the widespread use of NG within the automotive sector. "With Congress considering energy legislation in the coming days and months, I am continuing my call to implement a real national energy policy that will reduce our dependence on foreign oil through [increased use of] NG in our transportation system," said Pickens.

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.

SOURCE Energtek Inc.

Source: PR Newswire

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