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Omnitek Engineering Receives Contract to Develop Euro 6  Heavy-Duty 12-Liter Propane (LPG) Autogas Engine

By GlobeNewswire,  December 06, 2017, 08:30:00 AM EDT


-- Anticipates Strong Engine Demand In European Markets --

VISTA, Calif., Dec. 06, 2017 (GLOBE NEWSWIRE) -- Omnitek Engineering Corp.  (OTCQB:OMTK) today announced it has received a contract to develop a heavy-duty 12-liter propane engine for Class 8 trucks and certify the engine to EURO 6 emissions standards.

The 12-liter 360 hp propane (LPG) engine complements the company's current development of a 13-liter 450 hp heavy-duty natural gas engine for Class 8 truck applications to meet EURO 6 emissions. The propane engine is targeted for regions with no access to natural gas -- particularly European countries with mature fueling infrastructure for propane due to decades of LPG utilization in passenger vehicles, making Autogas, as it is commonly known, readily available.

"The ability of Omnitek's technology to achieve EURO 6 emissions certification standards, which is a competitive advantage and not easily achieved, has not gone unnoticed in Europe. In addition, the availability of a 13-liter 450 hp EURO 6 heavy-duty natural gas engine and a 12-liter 360 hp propane Autogas engine, should further accelerate deployment of clean eco-friendly, heavy-duty trucks in Europe, as well as other world regions that require Euro 6 certification," said Werner Funk, president and chief executive officer of Omnitek Engineering Corp.

Funk highlighted the low-cost and clean-burning benefits of natural gas and propane -- particularly as oil prices begin to increase and emissions policies address the landmark 200-nation Paris Agreement on Climate Change. "CO2, NOx and black carbon emissions from diesel engines, potent greenhouse gas (GHG) emissions, are abated when utilizing natural gas or propane, and our technology offers countries around the globe a viable and proven solution," he said.

He emphasized that even with relatively low oil prices, the company is still in active discussions with several large fleet operators for new and/or expanded conversion programs. Funk added he anticipates certain key project expanding soon, as fleet managers complete analyzing the data from on-road evaluation programs and focus on the economic benefits of a pay-back period of less than two years for diesel-to-natural gas engine conversions, especially as diesel prices have increased recently. "In addition, the environmental benefits and related compliance issues with meeting emissions mandates are important catalysts for fleet conversions and we look forward to further accelerating the utilization of natural gas and propane," Funk said.

About Omnitek Engineering Corp.

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.
(310) 471-1288

Source: Omnitek Engineering Corp.

This article appears in: News Headlines

Referenced Stocks: OMTK


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