NEW YORK, May 16, 2013 /PRNewswire/ --
Energtek Inc. (Pink Sheets: EGTK), a leader in hi-tech natural gas solutions and Adsorbed Natural Gas (ANG) technology, announced that it has finished the R&D and design of a novel cost-efficient trailer for NG bulk transportation.
The trailer is able to carry up to 87% more natural gas per trip as compared with competing standard models, at only a 57% cost increase per each scm of NG transported.
Prof. Y. Ginzburg, CTO of Energtek Inc., explains: "The new design is a continuation of our ongoing efforts to improve Natural Gas storage and bulk transportation technologies, as well as enlarging our IP portfolio. We believe that we will thus enjoy a larger technological leverage in our pipe-less NG distribution business, fortifying our leading position. We anticipate further announcements re patents and unique technologies in the coming months."
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.
Contacts: Investor Relations IR@energtek.com +1-212-999-6202
SOURCE Energtek Inc.