Tuesday, June 23, 2009

Energtek, Inc. (EGTK.PK) Finds Itself On Top Of a New Industry

Energtek, Inc., leading developer of Adsorbed Natural Gas (ANG) technology for efficient containment of natural gas, has the solution to a problem that has plagued many countries, especially in Asia, for years. The company has developed a way to successfully convert millions of 2- and 3-wheeled motorized vehicles to clean burning natural gas at an acceptable cost, and they are now getting an enthusiastic go-ahead to begin the conversion process, which could go on indefinitely and result in a huge and continuous revenue streams for Energtek.

Energtek’s system is called CNG LiteTM, and represents a revolution in the storage and application of natural gas, the cleanest burning fuel available. Unlike standard CNG (Compressed Natural Gas) containment, where NG must be stored under high pressure, requiring costly containment and handling systems, the Energtek approach utilizes the ANG principle of molecular adsorption, which allows gas to be held under low pressure. The ANG approach allows easier and cheaper NG storage, making it cost effective to apply to small 2- and 3-wheeled vehicles for the very first time.

This is a major breakthrough for countries like the Philippines, where millions of these small motorized vehicles provide a primary source of transportation, creating enormous pollution problems. Natural gas, on the other hand, is relatively clean burning, and now, thanks to Energtek, conversion of the vehicles to NG is economically feasible.

In addition, natural gas is relatively plentiful and, using ANG technology, the cost of expanding the NG filling infrastructure is substantially lower than it would be with standard CNG. This means more stations can be built in more places, further encouraging NG use. And increased natural gas demand will allow the tapping of more regional NG resources, which could use Energtek’s ANG system for the efficient bulk transportation of gas to locations not served by a gas pipeline.

Energtek’s ANG technology has, in effect, opened up a new industry, with Energtek sitting comfortably at the top. The government of the Philippines has already asked Energtek to begin conversion of approximately one million motorized tricycle-like vehicles. The Philippines motorized tricycle conversion project alone could result in hundreds of millions of dollars in revenue, and there are roughly 300 million such small vehicles currently on the road worldwide.

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