NEW YORK, Dec. 17, 2013 /PRNewswire/ -- Energtek Inc.
(OTCBB: EGTK), a pioneer in hi-tech natural gas solutions and
Adsorbed Natural Gas (ANG) technology, announced that its
newly-formed U.S. subsidiary, AMP - American Mobile Pipeline Inc.
is in advanced negotiations with a truck company in Texas. The project is expected to include
conversion of diesel trucks to run on natural gas, and supply of
the natural gas to run the trucks. For the client, this will
represent significant savings while achieving at the same time a
material reduction of the pollution created by the trucks.
AMP, the newly formed US subsidiary of Energtek Inc. which
began operating a few weeks ago, has begun mapping the US to
identify projects where its mobile transport solution is most
appropriate. In this context AMP has approached,
and is now in advanced negotiations with a truck company, and hopes
that this model can then be duplicated and extended to other truck
companies.
The project is expected to start with the conversion of several
trucks and after a test period be incrementally enlarged. AMP
shall be responsible for the conversion process and of the
subsequent provision of the natural gas to be consumed by the
trucks.
"We are starting to envisage the first results of the activities
of AMP." said CEO of AMP, Mr. Michael
Greenfield. "We expect that AMP will develop
significant activities in the forthcoming years".
About Energtek
Energtek develops and
applies innovative low-pressure mobile transportation solutions for
industrial consumers and fleets of small vehicles. The
company is also involved in oil and gas exploration in
Israel. Energtek operates subsidiaries in North America, Europe, and Asia. To learn more about
Energtek, visit 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.
Contacts:
Investor Relations
IR@energtek.com
212-999-6202
SOURCE Energtek Inc.