NEW YORK, December 22, 2010 /PRNewswire-FirstCall/ -- Energtek Inc., a leader in hi-tech natural gas solutions and Adsorbed Natural Gas (ANG) technology, today announced that its recently formed subsidiary, Pan Energy doo, completed the technical preparations necessary to begin a low-pressure mobile natural gas delivery and supply project to an industrial energy consumer near Belgrade, Serbia.
Natural gas will be transported from a filling station by Pan Energy to a local food and beverage manufacturer. The customer is an international company owned by a U.K. investment fund with several holdings in the Serbian food and beverage industry.
The parties have agreed to launch a pilot no later than January 31, 2011. Ongoing supply of natural gas will be delivered utilizing Energtek's cost-effective and environmentally-friendly low-pressure mobile transportation solutions.
"We are very pleased to have completed the necessary preparations and we are excited to launch this supply project," said Energtek CEO Lev Zaidenberg. "We are confident that the success of this pilot will open the doors to a large market of industrial energy consumers in Serbia that are in need of an affordable energy source."
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.