Energtek Announces Start of Operations of New Station in Balkans
Daily deliveries of 25,000 cubic meters from Reljevo station to final consumer
NEW YORK, March 18, 2013 /PRNewswire/ --
Energtek Inc. (OTCBB: EGTK), a leader in hi-tech natural gas solutions and Adsorbed Natural Gas (ANG) technology, announced that the filling station in Reljevo built by Energtek's subsidiary Energtek Herz d.o.o is fully operational.
The station supplies 25,000 cubic meters of natural gas on a daily basis. The station is receiving the gas according to a agreement with BH Gas, the national gas supplier in Bosnia and Herzegovina.
Energtek's subsidiary is operating a semi-trailers fleet to deliver gas to customers according to the reported 10-year ongoing energy supply contract scheduled to realize revenues of over $100MM
"We are pleased to announce that operations have begun in Sarajevo and we are supplying on a daily basis 25,000 cubic meters of gas from the Reljevo station," said Prof. Yuri Ginzburg, CTO of Energtek Inc. "Now that operations are taking place flawlessly we can concentrate on expansion of the operations, both to Aluminij, where the contract is for an expected delivery of about 40,000 cubic meters and to other potential customers", he added."
About Energtek (EGTK)
Energtek utilizes proprietary mobile transportation technology to supply natural gas to industrial energy consumers with a particular focus in Eastern Europe and the Middle East. The company is a leading developer of ANG technology, and has developed innovative low-pressure mobile transportation solutions for industrial consumers and fleets of small vehicles. 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.
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