In the company’s news today,
Energtek Inc. announced that its fully-owned subsidiary, Energtek Philippines Inc., successfully demonstrated its converted natural gas tricycles to government officials in Manila last week. The three-wheel vehicles were converted utilizing Energtek’s proprietary CNG Lite(TM) technology.
Energtek’s engineering team performed both the vehicle conversions and demonstrations. CNG Lite(TM) technology was presented to numerous governmental officials involved in the various aspects of the nation’s public transport programs. According to the press release, the presentations were attended by both executive and technical teams of several governmental departments. Photos of the presentations are available online at http://www.Energtek.com.
The Philippine Government intends to include tricycles in the nation’s official Natural Gas Vehicle Program for Public Transport (NGVPPT). The NGVPPT, passed in 2002, is a nationwide program that ‘aims to enhance energy supply security in the transport sector through fuel diversification using indigenous natural gas and to use natural gas as a clean alternative fuel for transport.’
The government requested Energtek to convert at least one million tricycles in the coming years. Even if the company only converts half the requested amount, revenues are expected to total several hundred millions of dollars for the provision of equipment, in addition to the yearly recurring revenues through the sale of natural gas.
“The government must pour all savings and revenue into programs that help the poor and the middle class,” stated President of the Philippines, Gloria Macapagal-Arroyo. The President issued a federal order outlining the government’s plan to convert 20 percent of vehicles owned by the national government to natural gas.
With tricycles representing one of the most popular forms of transportation in the Philippines, these gasoline-powered vehicles are known to contribute to dangerous pollution levels. Converting the vehicles to Natural Gas will substantially reduce hazardous emissions cost-effectively. CNG Lite(TM) is currently the only commercially-viable system that can be utilized for the mass conversions of tricycles in the Philippines.
“The addition of tricycles to the NGVPPT moves Energtek one step closer to our goal of converting massive numbers of tricycles in the Philippines,” commented Energtek CEO Lev Zaidenberg. “The demonstrations further confirmed that the provision of a cheaper and cleaner motor fuel will benefit tricycle drivers economically, while contributing to local ecological improvement. CNG Lite(TM) will provide benefits for the entire population.”
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