Press Coverage

TRANSFORMING the Philippines' last-mile public transport solution into an environment-friendly system will require a huge amount of investments, according to a US-based company. 
On the sidelines of the Compressed Natural Gas--Natural Gas Vehicle (CNG-NGV) Philippines Forum, Lev Zaidenberg, Energtek Inc. chief operating officer, said on Wednesday that the conversion of half a million tricycles for compressed natural gas (CNG) use and the construction of refilling stations for the alternative fuel would require an investment of over $100 million.

Energtek is a US-based company engaged in the development and commercialization of natural gas technology. The company is converting tricycles in the Philippines as "requested" by the government.

The company expects to initially convert 10 tricycles in September and an additional 3,000 units by 2009. Energtek converted the first batch of tricycles into CNG use last month in Isabela and sourced the natural gas from the San Antonio field of the Philippine National Oil Co.-Exploration Corp. (PNOC-EC). more...

US-based gas specialist Energtek has signed a deal with Philippines National Oil Company (PNOC) under which it has agreed to make natural gas from the stranded San Antonio well in the Filipino province of Isabela available for use in local vehicles...

TEL AVIV, July 23 (Reuters) - Energtek Inc (EGTK.OB: Quote, Profile, Research, Stock Buzz) said on Wednesday it has signed a purchase agreement with the Philippine National Oil Co - Exploration Co for natural gas extracted from the San Antonio well in the Filipino province of Isabela.

The contract enables Energtek, a U.S.-Israeli developer of natural gas storage technology, to become a commercial distributor of gas in emerging markets in southeast Asia.

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July 23 (Bloomberg) -- Energtek Inc., a U.S.-Israeli developer of natural gas technology, agreed to buy natural gas from state-owned Philippine National Oil Co., as it embarks on its first commercial project. more...

* To announce Singapore, Malaysia, Indonesia joint ventures

* Sees natural gas vehicle market growing by 400 pct a year

TEL AVIV, June 24 (Reuters) - Energtek Inc (EGTK.OB: Quote, Profile, Research), a U.S.-Israeli developer of natural gas storage technology, plans to announce joint venture deals in Singapore, Malaysia and Indonesia soon, the company's chief executive said.

"The deals will be both for use of natural gas in motorcycles and for bulk transportation," CEO Lev Zaidenberg told Reuters by telephone from New Delhi.

Zaidenberg was in India securing new business for Energtek. The company last week announced a memorandum of understanding with a natural gas distribution company in Uttar Pradesh, India's most populous state. Energtek plans to transport natural gas from India's national transmission grid to a local city distribution network. more...

Energtek Inc.'s stock (EGTK.OB) was highlighted as "One to Watch" and given a buy recommendation by Qualitystocks.net.  The pick was published in several financial websites includng Reuters Stock Buzz.

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Energtek CEO Lev Zaidenberg interviewed by Fox Business News during Prime Time.

MUMBAI: After buses, cars and auto-rickshaws, two-wheeler manufacturers are looking at models that would run on gas. Fearing that the Nano would eat into their marketshare, two-wheeler manufacturers such as Bajaj, Hero Honda and Kinetic are considering launching models that can run on gas.

Energtek, an Israel-based company and world leader in absorbed natural gas (ANG) technology, has initiated discussions with Indian two-wheelers manufacturers to supply the new technology. This company claims that ANG will reduce fuel cost by over 50% compared to petrol.

Israeli company Energtek and Confidence Petroleum India announced on Tuesday the launching of a joint venture aimed at commercializing environmentally-friendly natural gas for vehicles in southeast Asia.

The venture will see Energtek introduce natural gas to India, Pakistan, Bangladesh, Sri Lanka and other countries in the region, the companies said during a press conference in Mumbai, India. more...

Mumbai, March 18: Nagpur-based LPG and CNG cylinder manufacturer Confidence Petroleum India Ltd today entered into a 50:50 joint venture with US firm Energtek Inc to introduce adsorbed natural gas (ANG) technology in the country.

Confidence has picked up for Rs 100 crore a 50 percent stake in Energtek's subsidiary Primecyl, whose subsidiary Confi Energtek Asia Ltd will undertake the operations in India and Southeast Asia. more...

With prices of gasoline and diesel rising almost every week, it is high time the government promoted the use of alternative fuel like natural gas, according to an official of a multinational company.

Natural gas is much cheaper and friendlier to the environment than fossil fuel, according to Jo Magcale, Philippine representative of Energtek, which is proposing the widespread use of compressed natural gas as fuel for public transport. more...

Israeli cleantech venture Angstore Technologies Ltd., which was founded in 2002 as an Ashkelon Technological Industries (ATI) incubator company, was sold earlier this year to Energtek Inc. more...

The Adsorbed Natural Gas (ANG) tank, a low-pressure natural gas tank that could change the game for natural gas vehicles (NGVs) has taken another step forward.

"This time not in a laboratory, but with a real customer," said Lev Zaidenberg, the CEO of Energtek, a U.S. based company that specializes in NGV technology. 

Energtek Inc.'s subsidiary, Angstore Technologies Ltd, has completed what's believed to be the first ever reported set of road tests of one of the most widespread scooters in India converted to run on ANG (Adsorbed Natural Gas). Based upon these successful tests, the company expects to begin serial conversions of motorcycles during 2008. more...