SAN MARCOS, Calif., Feb. 6, 2013 (GLOBE NEWSWIRE) -- Omnitek Engineering Corporation (OTCBB:OMTK) today announced the appointment of Nat Gas Solutions, based in Houston, Texas, as a dealer and authorized installer of its diesel-to-natural gas conversion systems in the region. Terms were not disclosed.
"The addition of Nat Gas Solutions to our network of domestic conversion centers provides a solid platform for growth in a region with significant supplies of natural gas and pent-up demand from heavy-duty truck fleet operators," said Werner Funk, president and chief executive officer of Omnitek Engineering Corporation.
Omnitek Engineering is accelerating its conversion center partnerships throughout the United States since receiving EPA approval last month for its diesel-to-natural gas conversion technology for the widely operated line of heavy-duty Navistar DT466E and DT530E engines. The domestic expansion complements the company's presence in international markets since 2001 – represented by dealers, installers and partnerships throughout Asia, Latin and South America and Europe.
The company expects to obtain EPA approval for other diesel engine models to address the anticipated increasing demand from trucking fleets that operate with other diesel engine models.
"Our fleet customers are extremely interested in diesel engine conversions and the economic benefits of utilizing natural gas. We look forward to working with Omnitek and accelerating the adoption of natural gas in the region," said Balu Balagopal, co- chief executive officer of Nat G CNG Solutions LLC.
Funk noted that Omnitek's conversion technology offers a projected return on investment of less than two years – a significant advantage compared with a projected return on investment of five-to-seven years for a new natural gas truck purchase.
About Nat G CNG Solutions LLC
Nat G CNG Solutions LLC is an integrated provider of natural gas vehicle solutions. Based in Houston, Texas, Nat G CNG Solutions specializes in CNG applications for a wide-range of fleet vehicles – offering its customers state-of-the-art systems, certified technicians and extensive industry relationships to help them join the natural gas vehicle revolution with confidence.
About Omnitek Engineering Corporation
Omnitek Engineering Corp. develops and sells proprietary diesel-to-natural gas conversion systems and complementary products, including new natural gas engines that utilize the company's technology -- providing global customers with innovative alternative energy and emissions control solutions that are sustainable and affordable.
Some of the statements contained in this news release discuss future expectations, contain projections of results of operations or financial condition or state other ``forward-looking'' information. These statements are subject to known and unknown risks, uncertainties, and other factors that could cause the actual results to differ materially from those contemplated by the statements. The forward-looking information is based on various factors and is derived using numerous assumptions. Important factors that may cause actual results to differ from projections include, among many others, the ability of the Company to raise sufficient capital to meet operating requirements, completion of R&D and successful commercialization of products/services, patent completion, prosecution and defense against well-capitalized competitors. These are serious risks and there is no assurance that our forward-looking statements will occur or prove to be accurate. Words such as ``anticipates,'' ``expects,'' ``intends,'' ``plans,'' ``believes,'' ``seeks,'' ``estimates,'' and variations of such words and similar expressions are intended to identify such forward-looking statements. Unless required by law, the Company undertakes no obligation to update publicly any forward-looking statements, whether as a result of new information, future events or otherwise.
CONTACT: Gary S. Maier Maier & Company, Inc. (310) 471-1288 firstname.lastname@example.org
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