Omnitek Engineering Appoints Diesel-to-Natural Gas Conversion Dealer and Installer in Virginia
Expects Order Shipments to Commence This Quarter
VISTA, Calif., Oct. 3, 2013 (GLOBE NEWSWIRE) -- Omnitek Engineering Corporation(OTCBB:OMTK) today announced the appointment of Chesapeake, Virginia-based TFC Recycling as an authorized installation center for its diesel-to-natural gas engine conversion systems in the region.
Omnitek Engineering also said that TFC Recycling will purchase diesel-to-natural gas engine conversion kits for its own fleet, as well as perform engine conversions for customers that utilize TFC's affiliated fleet maintenance operation. Omnitek expects to commence shipments in the current quarter.
"The addition of TFC Recycling to our network of North American conversion centers provides a two-pronged growth opportunity, with TFC Recycling being an end-user and also a sales and installation partner in a region with much pent-up demand for diesel-to-natural gas engine conversions. We applaud the decision by TFC to transition its diesel fleet to natural gas and look forward to mutual success," said Werner Funk, president and chief executive officer of Omnitek Engineering Corporation.
Omnitek Engineering is accelerating its conversion center partnerships throughout the United States and Canada since receiving EPA approval for its diesel-to-natural gas engine conversion technology for the widely operated line of heavy-duty Navistar DT466E and DT530E engines. The company expects to obtain EPA and CARB approval for additional diesel engine models to address the anticipated increasing demand from trucking fleets that operate with other diesel engine models.
Funk noted that Omnitek's conversion technology offers a projected payback on investment of less than two years - a significant advantage compared with a projected payback-period of five-to-seven years for a new natural gas truck purchase.
ABOUT TFC RECYCLING
Founded in 1973, Tidewater Fibre Corporation (TFC Recycling) is a privately held and family-operated business. Headquartered in Chesapeake, Virginia, the company employs over 350 people, operates more than 180 collection and transfer vehicles, which includes 22 Compressed Natural Gas (CNG) vehicles, and three Material Recovery Facilities (MRFs) in Chesapeake, Chester, and Newport News, Virginia.
Through its partnerships and agreements with local and municipal governments and public service authorities, the company provides recycling services for over 700,000 households in six of Virginia's largest cities, and more than 4,000 commercial customers in Virginia and North Carolina. For more than 40 years, TFC has taken a leadership role in promoting recycling and reuse of materials to make a positive difference for the environment in Virginia and North Carolina.
TFC Recycling is a leader in the use of Compressed Natural Gas (CNG) technology. TFC's fleet maintenance facility was the first vehicle maintenance facility in the Commonwealth of Virginia designed to meet all local, state and federal CNG building requirements. TFC is capable of servicing up to 20 CNG vehicles at one time and has the capacity to provide fleet services to third parties, including CNG vehicle maintenance. Additional information is available at www.tfcrecycling.com
About Omnitek Engineering Corporation
Omnitek Engineering Corp. develops and sells proprietary diesel-to-natural gas engine 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. Additional information is available at www.omnitekcorp.com
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. MaierMaier & Company, Inc.
Source: Omnitek Engineering Corp.