OMNITEK ENGINEERING SEES NEW EPA REGULATIONS AS A MILESTONE FOR ENGINE CONVERSIONS
--Anticipates Strong Domestic Demand for its Diesel-to-Natural Gas Conversion Technology--
SAN MARCOS, CA — March 31, 2011 — Omnitek Engineering Corporation (OTCQB: OMTK) today said a U.S. Environmental Protection Agency (EPA) amendment this week to regulations applicable to certifying and converting diesel and gasoline engines to operate on natural gas is a milestone for the alternative fuel industry and a significant advancement in lessening dependence on foreign oil.
The ruling, which clarifies and streamlines “conversion manufacturer processes,” will take effect upon publication in the Federal Register, according to the EPA.
“Converting diesel engines to operate on either liquefied natural gas or compressed natural gas provides an economical and environmental solution to new engine replacement. This EPA amendment will now enable our company to certify and convert diesel engines in a cost-effective manner and introduce the technology to the U.S. market,” said Werner Funk, president and chief executive officer of Omnitek Engineering Corporation.
He noted that Omnitek’s technology has been utilized outside the United States since 2001, with more than 5,000 engine conversions currently in operation. “Our technology meets all applicable emission standards, as will be demonstrated in the certification process, and we anticipate tremendous demand for Omnitek’s conversion kits– particularly from heavy-duty, light truck and bus operators,” Funk said.
We also endorse the proposed Natural Gas Act and the general premise outlined in The Pickens Plan that seeks to dramatically reduce dependency on foreign oil through the utilization of natural gas,” Funk said.
Funk added that compressed natural gas provides significant advantages over diesel fuel, including reduced emissions, plentiful supplies and favorable economics. “Industry observers believe that up to eight million heavy-duty vehicles in the U.S. could benefit from conversion to natural gas. Replacing old diesel trucks with new natural gas-powered trucks is certainly an option, but it is much more expensive and manufacturing the required quantity of new engines has a very large “carbon-footprint” consequence. Our technology is feasible and affordable, with a projected return on investment of less than two years. In addition, diesel engines have a service life of up to 20 years, which provides an additional incentive to convert,” Funk said.
About Omnitek Engineering Corporation
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.
# # #