OMNITEK ENGINEERING EXPECTS DIESEL-TO-NATURAL GAS
VISTA, CA — January 9, 2014 — Omnitek Engineering Corp. (OTCQB: OMTK) today said inquires from large fleet operators interested in converting heavy-duty truck engines to natural gas gained momentum in 2013, with the company shipping a preliminary order late in December to one of its domestic conversion center partners and the commencement of initial kit sales to a European country committed to a 10-year target of two million conversions. In addition, a Latin America customer received a preliminary order of U.S. -manufactured natural gas engines utilizing the company’s technology for an initial 50-bus conversion project.
“The opportunities for heavy-duty diesel engine truck engine conversions are significant and we expect 2014 to be a pivotal year for the company, based on the expressed interest of large fleet customers during the past several months and year-end quote activity and kit shipments, said Werner Funk, president and chief executive officer of Omnitek Engineering Corp.
Funk highlighted the company’s recent strategic alliance with Minneapolis, Minnesota-based diesel engine remanufacturer Reviva to produce “drop-in” natural gas engines that utilize Omnitek’s diesel-to-natural gas engine conversion kits for the widely utilized Navistar DT 466E and DT 530E heavy-duty truck engines as a convenient option for large fleets.
Funk noted that Omnitek’s conversion technology offers a projected payback
of less than two years – a significant advantage compared with a projected payback of five-to-seven years for a new
natural gas truck purchase.
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.
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