Energtek, Inc. is focused on developing and commercializing Adsorbed Natural Gas (ANG) technology. This technology enables the storage of comparable gas quantities at reduced pressure, dramatically decreasing the capital investment and operational costs of natural gas vehicles. The company recognizes the global markets’ demands to diversify energy sources and is working on breakthrough technologies that deliver natural gas to the consumer, even where no gas pipeline and compressing infrastructure exist.
Because natural gas is cheaper, cleaner and available in greater quantities than oil, Energtek believes it is the most practical motor fuel alternative. Natural gas is primarily comprised of methane, which is one of the simplest and most abundant substances found in nature, especially when compared to oil. Taking advantage of natural gas resources located across the globe will also reduce the number of countries forced to import motor fuel, including the USA.
The percentage of Natural Gas Vehicles (NGVs) in many countries is growing rapidly. Today, there are more than 12 million NGVs on the road, a number that is growing by approximately 30% per year. Even with this robust growth, NGVs still represent only a small percentage of the overall vehicle market. Until now, costly refueling infrastructure, as well as the inconvenience of integrating NG tanks into vehicles, has limited the growth of NGVs. However, by enabling the use of natural gas in places previously impossible, Energtek’s proprietary ANG technology promises to greatly expand the NGV market.
Through its wholly-owned subsidiary Energtek Products Ltd., the company owns a license from Israel’s Ministry of National Infrastructures for the exclusive exploration, production and sale of hydrocarbons present in the 19,000 acre Nir-am Sa’ad block. A recent survey on the block estimated approximately 26 Million Barrels of recoverable oil. Energtek Products is currently pursuing listing on the Tel Aviv Stock Exchange via a reverse merger agreement to increase investment into Energtek technology and exploration activities.
CEO Lev Zaidenberg leads the company with extensive experience starting and managing several successful hi-tech companies in Israel, Europe and the USA. Mr. Zaidenberg received a B.Sc. in Applied Mathematics and an MBA from Tel-Aviv University. Professor Yuri Ginzburg serves alongside Zaidenberg with a PhD / D.Sc in Mechanical Engineering and a comprehensive background in the automotive industry. Ginzburg is a specialist in alternative fuel systems and R&D projects management, and has authored 18 patents and over 70 scientific works.
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