QualityStocks would like to highlight Energtek, Inc. (PINKSHEETS: EGTK). The company develops and applies proprietary low-pressure storage technology to provide complete well-to-wheel pipeless Natural Gas supply solutions to industrial consumers and fleets of small vehicles. Energtek's Natural Gas solutions reduce pollution and alleviate consumer energy costs.
In the company’s news yesterday,
Energtek Inc. announced that its subsidiary, Moregastech India Private Ltd., is advancing the provision of natural gas bulk transportation services to industrial consumers in the Bhiwadi industrial area in the Indian state of Haryana using Energtek’s proprietary Low-pressure Mobile Pipeline (LMP) bulk transportation technology.
Marketing activities in the industrial region have started following advances in the approval process for LMP technology by the Indian authorities. Very positive reactions by customers have been reported by the marketing team as they wait to benefit from the supply of natural gas.
The supply requests submitted by industrial consumers will require a fleet of several semitrailers to deliver the appropriate amount of natural gas. Energtek has developed custom semitrailers to cost-efficiently deliver natural gas to consumers that are not connected to pipeline infrastructure.
As of this time, there is no practical alternative to provide natural gas to these industrial consumers. Although Haryana has a supply of indigenous natural gas, it does not have the appropriate infrastructure to deliver the energy to industrial consumers.
“We are not surprised by the interest of the industrial customers to use natural gas to solve their energy needs,” commented Energtek CEO Lev Zaidenberg, “we are surprised rather by the insistence of these companies to start delivery as soon as possible.”
He continued, “We will be able to transport the required energy requests following the final approval of our technology by the Indian authorities. There is no doubt that the provision of a cheaper and cleaner fuel is economically beneficial to these customers. With a constantly growing number of industrial consumers, and over 80 million two- and three-wheel vehicles, India is in great need of the alternative energy solution offered by Energtek’s proprietary low-pressure storage technologies.”
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