Energtek Announces Significant Increase in Amounts Supplied to Customer in Bosnia-Herzegovina Increase of 30% in Daily Supply of NG (end March 2013 v end December 2012)
NEW YORK, May 2, 2013 /PRNewswire/ --
Energtek Inc. (OTCBB: EGTK), a leader in hi-tech natural gas solutions and Adsorbed Natural Gas (ANG) technology, announced a significant increase in the amounts of natural gas currently being supplied to its main customer in Bosnia-Herzegovina - Aluminij d.o.o. Mostar.
As of March 31st, 2013, the average daily quantities of natural gas delivered to Aluminij reached 25,000 standard cubic meters, an increase of more than 30% from the 18,000 m3 delivered as of end Dec 2012.
"We are pleased to confirm that we are now delivering five trailers of natural gas on a daily basis - a significant increase of the supply to our main customer," stated CEO of Energtek d.o.o. Herz, Mr. Ivan Primorac. "We are now supplying a complex of six big furnaces and two smaller furnaces."
"Furthermore, added Mr. Primorac, as part of our 10-year contract, we have completed the conversion of 'Anode', another sizeable Aluminij workshop. Anode is expected to consume roughly an additional 15,000 standard cubic meters per day, and we plan on starting delivery in the near future."
Energtek develops and applies innovative low-pressure mobile transportation solutions for industrial consumers and fleets of small vehicles. The company is also involved on oil and gas exploration in Israel. 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.
SOURCE Energtek Inc.