Energtek, Inc., a leader in alternative technologies for the storage and movement of natural gas, is a company at the right place at the right time. They have a lock on a technology attractive to potentially hundreds of millions of Asian consumers because it can dramatically reduce their fuel costs, and attractive to governments because it can dramatically reduce pollution.
The technology is a proprietary system, unmatched by anything else, that allows small 2 and 3-wheeled vehicles, the primary mode of transportation in many Asian countries, to run on cheap, clean natural gas (NG). By converting these small vehicles to natural gas, emission reductions are substantial, including a 90% reduction in the greenhouse gas carbon dioxide. In addition, driversâ€™ fuel costs are significantly reduced, though the exact percentage depends upon the cost of gas and other factors.
Until now, however, there has been a problem converting small vehicles to NG due to difficulties in deploying and carrying standard high-pressure compressed natural gas (CNG). The Energtek system, called CNG LiteTM, overcomes the problem by using an innovative gas adsorption technology that allows low-pressure containment, making natural gas easy to supply and use.
Perhaps the most striking aspect of all this is the quick and positive response Energtek has received in Asia. Far from being some long-term corporate vision, the companyâ€™s proposals have already been given the go-ahead in places like the Philippines, where its subsidiary, Energtek Philippines, Inc., so impressed government officials with a demonstration of converted natural gas tricycles that the company was requested to convert at least 1 million tricycles. Conversion of even half that amount would yield several hundred million dollars in revenue.
This will give you an idea of the market Energtek is facing. The Philippines is representative of many other countries in Asia with the same needs and the same potential. It is estimated that there are roughly 300 million motorized 2 and 3-wheeled vehicles currently on the road, a number that is growing quickly. Energtek is the one company that holds the key to this enormous market.
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