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Energtek Requested by Philippines' Government to Provide Sample CNG Lite(TM) Tricycle Conversions in Metro Manila

Posted on: Friday, 17 April 2009, 15:05 CDT

NEW YORK, April 17 /PRNewswire-FirstCall/ -- Energtek Inc., a world leader in the development of Adsorbed Natural Gas (ANG) technology, today announced that the Government of the Philippines has requested that Energtek convert a sample of three-wheel vehicles ("tricycles") in Metro Manila to operate on natural gas. The vehicles will be converted utilizing Energtek's proprietary CNG Lite(TM) system based on ANG technology.

The conversion has been requested by the Department of Energy. The government agency informed the company of its intention to allow tricycles to use natural gas resources allocated to the Natural Gas Vehicle Program for Public Transport (NGVPPT). The NGVPPT, passed in 2002, is a nationwide program that "aims to enhance energy supply security in the transport sector through fuel diversification using indigenous natural gas and to use natural gas as a clean alternative fuel for transport."

The NGVPPT program, which places a strong focus on the Metro Manila area, has natural gas resources apportioned from the Malampaya Gas Reserve in Batangas. The Malampaya Offshore Natural Gas Reserve is currently the Philippines' largest indigenous energy source. For years, the reserve has been used primarily to generate power for the Metro Manila area. Now the government seeks to similarly utilize the reserve to supply the motor fuel energy needs of its largest city's transportation sector.

Executive Secretary of the Philippines, Hon. Eduardo R. Ermita, has stated, "The government is more than glad to begin converting a million vehicles to operate on ANG as soon as possible. We are pleased to work together with Energtek to achieve our goal of providing a clean and cost-effective solution for small vehicle drivers who are suffering from the rising costs of gasoline."

Tricycles represent one of the most popular forms of transportation in the Philippines. These gasoline-powered tricycles are known to contribute to dangerous pollution levels. Converting the vehicles to Natural Gas provides a substantial reduction in hazardous emissions and is cost-effective. Natural Gas costs a fraction of the price of gasoline.

"We are quite pleased to assist the Filipino government in their quest to provide a cleaner and cheaper motor fuel alternative to oil," said Energtek CEO Lev Zaidenberg. "In a metropolitan area with millions of tricycles as Metro Manila, Energtek's CNG Lite(TM) system can utilize natural gas to provide significant environmental improvement and cost-benefits for drivers."

Mr. Zaidenberg added, "The conversion of even half of the amount mentioned by the Executive Secretary of the Philippines would render revenues of hundreds of millions of dollars for the conversion systems as well as hundreds of millions of recurrent yearly revenues for the sale of Natural Gas.

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.

SOURCE Energtek Inc.

Source: PR Newswire

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