Monday, February 1, 2010

Energtek, Inc. (EGTK.PK) Announces Initiative to Implement LMP Technology in Africa

Energtek Inc., a world leader in the development of Adsorbed Natural Gas (ANG) technology, announced earlier today plans to implement its natural gas distribution technology in western Africa. The announcement follows a lengthy appraisal of commercial opportunities in the region.

Energtek CEO Lev Zaidenberg, CTO Yuri Ginzburg and other staff members recently concluded a series of visits and meetings in Africa. The visits focused on the application of Energtek’s proprietary Low-pressure Mobile Pipeline(TM) (LMP) solution for land-transport distribution of indigenous natural gas to industrial and commercial consumers. Additional details are anticipated in the near future.

“Many African nations are home to significant quantities of indigenous natural gas,” stated Energtek CEO Lev Zaidenberg. “Our technology can deliver these valuable resources to local energy consumers, at comparatively lower prices than oil or gasoline.”

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