Energtek Reports on Development of Commercial Natural Gas Markets in the Philippines
Inc., a world leader in the development of Adsorbed Natural Gas (ANG)
technology, reported advances towards the implementation of its proprietary
CNG Lite(TM) and Low-Pressure Mobile Pipeline(TM) (LMP) technologies in
Significant advances in
implementation of LMP technology, a mobile natural gas supply system for
industrial energy consumers. Structural changes in the Filipino local natural
gas market have been taking place during the past months, changes that will
enable the distribution of natural gas to industrial users in the area of
Metro Manila. In parallel, Energtek has maintained ongoing contacts for
several months with potential customers interested in receiving mobile
natural gas supply.
The recent completion of successful LMP field tests in
further advanced discussions with these customers.
Advances have also taken place with Filipino parties that have expressed
interest in the development of natural gas markets in
Energtek’s proprietary CNG Lite(TM) technology for the conversion and ongoing
fuel supply of small vehicles.
Energtek’s fully owned subsidiary, Energtek Philippines Inc., was
recently certified as a duly accredited participant in the Filipino Natural
Gas Vehicle Program for Public Transport (NGVPPT). Accreditation entitles
Energtek Philippines to convert and retrofit existing vehicles to operate on
Natural Gas; as well as to provide ongoing Natural Gas supply to the vehicles
from the Malampaya Offshore Gas Reserve in Batangas, the nation’s largest
indigenous energy source.
The certification was preceded by extensive field trials of the company’s
CNG Lite(TM) fuel system for small vehicles by government officials.
Following the successful tricycle tests, Filipino investment groups have
expressed interest in CNG Lite(TM) technology, and are studying their
cooperation in the development of the natural gas market for three-wheelers.
Converting the vehicles to Natural Gas provides a substantial reduction
in hazardous emissions and is cost-effective. CNG Lite(TM) is currently the
only commercially viable system that can be utilized for mass conversions of
“Energtek’s CNG Lite(TM) and LMP(TM) natural gas supply systems have
demonstrated themselves to be effective in the field,” said Energtek CEO
that seek to join in the opening of substantial natural gas markets in
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
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
Contacts: IR@energtek.com +1(212)999-6202
SOURCE Energtek Inc.