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Energtek Reports Successful LMP Technology Field Test
Feb 16, 2010 (03:02 PM EST)
NEW YORK, February 16, 2010 /PRNewswire-FirstCall/ -- Energtek Inc., a world leader in the development of Adsorbed Natural Gas (ANG) technology, today announced that the company has successfully completed a field test of its proprietary Low-pressure Mobile Pipeline(TM) (LMP) system in western Africa.
The field test was performed in conjunction with a major local producer of natural gas. The local company is jointly owned by a Texas-based exploration company and a fund managing the oil and natural gas investments of a major French financial institution.
As part of the field test, natural gas was transported by Energtek's LMP semi-trailer from an existing natural gas production site and delivered to the consumer, to fuel the electricity supply system of a drilling rig. (A photograph can be viewed at http://www.energtek.com.)
Following the successful field test, Energtek and the local energy producer are now discussing terms of commercial cooperation.
"The field test proves that Energtek's Low-pressure Mobile Pipeline technology can deliver the energy needs of industrial consumers," said Energtek CEO Lev Zaidenberg. "Now that the test has been completed we look forward to implementing the technology to provide a cost-efficient delivery solution for customers in various markets"
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
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: IR@energtek.com +1-212-999-6202
SOURCE Energtek Inc.