Energtek, Inc. (EGTK) CEO Nominated at Recently Incorporated Subsidiary Energstore

QualityStocks would like to highlight Energtek (PINKSHEETS: EGTK). The company develops and applies innovative low-pressure mobile transportation solutions for industrial consumers and fleets of small vehicles. The company is also involved on oil and gas exploration in Israel. Energtek operates subsidiaries in North America, Europe, Asia and the Middle East.

In the company’s news yesterday,

Energtek announced that Col. (Ret.) Haim Aviv has been nominated as CEO of the recently incorporated subsidiary Energstore Solutions Ltd.

Holding a BSc and an MSc. in Industrial Engineering and Management, Col. (Ret.) Haim Aviv has extensive experience in managing multidisciplinary large-scale projects. During the last years he managed a large scale Homeland Security project performed by a large corporation. In addition, while in service to the army, he managed several massive projects.

Energstore is focused on providing peak storage solutions for energy utilities, transmission networks and other large suppliers and consumers of natural gas. The subsidiary anticipates providing customized solutions to the emerging natural gas based energy market of Israel in the forthcoming future. These solutions will leverage the technologies developed by Energtek, significantly widening the areas of application in the process.

Energstore is held fifty percent by RBCI Ltd. and, as reported earlier this week, RBCI has committed to provide financing of up to $2,500,000.

“Col. (Ret.) Aviv will be able to crystallize the potential of Energstore Solutions Ltd. and successfully implement the projects to be carried out by it. He has the traits required for making Energstore a big success” stated Eliezer Sandberg (director at Energstore Solutions Ltd, Energtek’s Chairman, and former Israeli Minister of Infrastructures). “We are very pleased that he accepted the nomination as CEO of Energstore and is willing to lead this enterprise.”

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