Energtek Completes Land Purchase in Vermont for Filling Station
-- Purchase of Land in Swanton, VT Completed
NEW YORK, Jan. 22, 2015 /PRNewswire/ -- Energtek Inc. (OTC BB: EGTK), a frontrunner in hi-tech natural gas solutions and Adsorbed Natural Gas (ANG) technology, announced today that it has finalized the land purchase in Vermont for the filling station.
"We have completed paying for the 25 acre Swanton, Vermont site, which is in an ideal location for a filling station: i) right on a transport pipeline; ii) elevated area on the pipeline (to minimize curtailments and pressure drops); iii) right next to an inter-state on-ramp; iv) with identified customers who cannot be served by anyone else and who are eagerly awaiting our deliveries; v) right next to electricity sub-station for adequate secure power supply," said Chairman of Energtek North Country Inc., Mr. Lev Zaidenberg.
"We have obtained almost all the necessary permits - Local zoning, State Public Service Board, State Land Use permit, State storm-water permit, State fire-marshal, water and wastewater permit. We have a signed gas supply agreement with Vermont Gas, which includes commitment by the latter to build the requisite Tap, meter, PRMS and associated facilities needed to actually hand over gas to the filling station. We have arranged the basic infrastructure for moving on with the project," he added.
About Energtek
Energtek develops and applies innovative mobile transportation solutions for small, mid-size and large industrial, residential and agricultural consumers and fleets of small vehicles (NGV). Energtek operates subsidiaries in North America, Europe and Asia.
To learn more about Energtek, visit the newly revamped website: 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
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SOURCE Energtek Inc.
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