OMTK Omnitek Engineering Announces Engine Model Selections for Port of Seattle Pilot Project Utilizing Its Diesel-to-Natural Gas E...
Omnitek Engineering Corporation (OTCQB:OMTK)today announced it has selected the 12.7 L Detroit Diesel Series 60 and the Caterpillar C15 engine models -- representing the beginning of the second phase for the Puget Sound Clean Air Agency pilot project, which includes the development of diesel-to-natural gas engine conversion kits for these engine models and obtaining Environmental Protection Agency (EPA) approval.
The project has a goal of meeting 2007 EPA emission standards for particulate emissions by 2017 for an estimated 2,000 drayage trucks serving the Port of Seattle's marine container terminals.
As previously announced, the company's diesel-to-natural gas engine conversion system was selected as the best technology under a competitive grant process for the agency's "Piloting Engine Upgrade Technologies in the Freight Mobility Sector" project. Omnitek's technology reduces particulate emissions as well as nitrogen oxides and greenhouse gas emissions. The pilot project, led by Omnitek Engineering, includes trucking fleets and related service providers.
"Converting diesel engines to operate on natural gas offers trucking operators a significant return on investment, with much lower fuel costs and cleaner combustion. We look forward to completing the second phase of the project and participating in a full-scale conversion program for the Port of Seattle in Washington," said Werner Funk, president and chief executive officer of Omnitek Engineering.
Funk noted an article in last Wednesday's Wall Street Journal, "Truckers Tap Into Gas Boom," highlighting the shift to natural gas utilization from diesel fuel by the country's largest trucking fleets. "Replacing old diesel trucks with new natural gas-powered trucks is certainly an option, but cost and availability are barriers to meeting the accelerating demand. Our technology is feasible and affordable, with a projected return on investment of less than two years – a particularly appealing value-proposition for large fleet operators given the service life of some diesel engines can be up to 20 years," Funk said.
He added that Omnitek selected the 12.7 L Detroit Diesel Series 60 and the Caterpillar C15 engines based on the sheer number of trucks on the roads utilizing these engine models, which represents an addressable market of more than 1,000,000 trucks.
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
Omnitek Engineering Corporation (OTCQB:OMTK)today announced it has selected the 12.7 L Detroit Diesel Series 60 and the Caterpillar C15 engine models -- representing the beginning of the second phase for the Puget Sound Clean Air Agency pilot project, which includes the development of diesel-to-natural gas engine conversion kits for these engine models and obtaining Environmental Protection Agency (EPA) approval.
The project has a goal of meeting 2007 EPA emission standards for particulate emissions by 2017 for an estimated 2,000 drayage trucks serving the Port of Seattle's marine container terminals.
As previously announced, the company's diesel-to-natural gas engine conversion system was selected as the best technology under a competitive grant process for the agency's "Piloting Engine Upgrade Technologies in the Freight Mobility Sector" project. Omnitek's technology reduces particulate emissions as well as nitrogen oxides and greenhouse gas emissions. The pilot project, led by Omnitek Engineering, includes trucking fleets and related service providers.
"Converting diesel engines to operate on natural gas offers trucking operators a significant return on investment, with much lower fuel costs and cleaner combustion. We look forward to completing the second phase of the project and participating in a full-scale conversion program for the Port of Seattle in Washington," said Werner Funk, president and chief executive officer of Omnitek Engineering.
Funk noted an article in last Wednesday's Wall Street Journal, "Truckers Tap Into Gas Boom," highlighting the shift to natural gas utilization from diesel fuel by the country's largest trucking fleets. "Replacing old diesel trucks with new natural gas-powered trucks is certainly an option, but cost and availability are barriers to meeting the accelerating demand. Our technology is feasible and affordable, with a projected return on investment of less than two years – a particularly appealing value-proposition for large fleet operators given the service life of some diesel engines can be up to 20 years," Funk said.
He added that Omnitek selected the 12.7 L Detroit Diesel Series 60 and the Caterpillar C15 engines based on the sheer number of trucks on the roads utilizing these engine models, which represents an addressable market of more than 1,000,000 trucks.
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
