Energtek Inc. (EGTK.PK) Announces Commercial Delivery of Natural Gas to Industrial Energy Consumer in Serbia via Pan Energy Subsidiary

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 its subsidiary Pan Energy has been successfully implementing a revenue generating pilot natural gas delivery and supply project for an industrial energy consumer near Belgrade, Serbia, since the beginning of this year.

Using Energtek’s mobile transportation solutions, Pan Energy is selling the natural gas to a local food manufacturer. This commercial project has been flawlessly running as a pilot project for over two months, constituting Pan Energy’s first source of steady revenues.

According to the release, the success has significantly enhanced Pan Energy’s position in negotiations with natural gas suppliers, customers and equipment manufacturers in the area. As a result, the company anticipates announcing additional agreements in the near future.

“We are excited to be generating our first steady revenues from sales in the Serbian market,” stated Energtek CEO Lev Zaidenberg. “Our ability to deliver an affordable alternative source of energy to this customer is paving the way for additional contracts.”

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