|
OMNITEK ENGINEERING ENTERS INTO AGREEMENT WITH NATIONAL REFUSE COLLECTION COMPANY TO CONVERT DIESEL ENGINES TO NATURAL GAS SAN MARCOS, CA — June 25, 2012 — Omnitek Engineering Corporation (OTCBB: OMTK) today announced it has entered into an agreement with one of the nation’s leading refuse collection companies to convert 21 diesel-powered refuse collection trucks to operate on compressed natural gas under an Experimental Permit issued by the California Air Resources Board to validate the durability of components and collect performance and emissions data. Terms were not disclosed. The Experimental Permit pilot program is intended to provide empirical data and accelerate certification by the California Air Resources Board and the Environmental Protection Agency. “Converting diesel engines to operate on natural gas offers a significant return on investment, with much lower fuel costs and cleaner combustion. Conversions under this program have already commenced and we look forward to certification and working with this industry leader in refuse collection to ramp up conversions on a much larger scale,” said Werner Funk, president and chief executive officer of Omnitek Engineering. Funk noted this customer’s nationwide commitment to convert all of its more than 18,000 refuse collection trucks to operate on natural gas through a multi-year program comprised of diesel engine conversions and the purchase of new natural gas trucks. “The value proposition of Omnitek’s conversion technology is particularly appealing to fleet operators since diesel engines have an estimated life span of more than 20 years, and conversions can be completed during regularly scheduled engine overhauls at a cost significantly less than the purchase of new natural gas trucks,” 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. # # # |