SAN MARCOS, Calif., Feb. 13, 2008 (PRIME NEWSWIRE) -- Omnitek Engineering, Corp. (Pink Sheets:OMTK) today reports receiving a forecast-order of 1,000 diesel-to-natural gas conversion systems from its JV partner in Thailand, Omnitek Engineering Thailand Co. Ltd,. The value of this order is reported to exceed $ 1,200,000. The first lot is scheduled for delivery immediately, with further shipments evenly spaced over the next six months. The Company forecasts sales in Thailand alone to top 2,000 conversion kits in 2008.
Omnitek's CEO, Werner Funk, reports, "Sales of 2,000 diesel-to-natural gas conversion systems just in Thailand is a conservative estimate considering the size of the total market." The Company's proprietary diesel-to-natural gas conversion system has been successfully applied in over 12 countries. "Our technology is now clearly accepted by the industry and our revenue trends show a strong upward curve," Mr. Funk continues.
About Omnitek Engineering, Corp. (Pink Sheets:OMTK)
Omnitek Engineering, Corp. develops and sells new natural gas engines and offers technology solutions for the automotive industry. Omnitek is a leader in the development of advanced engine technologies and emissions control systems for internal combustion engines burning gasoline, diesel and alternative fuels such as natural gas (CNG, LNG), liquefied petroleum gas (LPG) and hydrogen. The Company's advanced engine management system and diesel-to-natural gas conversion technology, have established Omnitek as a leader in the industry.
Omnitek offers a total system approach and is dedicated to supplying alternative energy and emissions control solutions that are sustainable, affordable and contribute to combat global warming.
As the price of crude oil continues to increase and the threat of global warming and air pollution remains, the search for an alternative fuel becomes increasingly important. Natural gas has emerged as a perfect solution to these challenges. Readily available in many countries from indigenous sources, natural gas is inexpensive and clean burning.
Diesel engines have been the backbone of the transportation industry. Valued for their power, fuel economy and durability, diesel powered trucks and buses are used worldwide, however, they are heavy polluters and significantly contribute to global warming. Omnitek has developed a system to convert any existing diesel engine to a clean-burning natural gas engine at a fraction of the cost of a new engine.
Omnitek estimates the population of heavy-duty diesel vehicles and stationary engines around the world which can be converted using the Omnitek Diesel-to-Natural Gas Conversion System and offer the best ROI approaching ten million engines.
Prevailing economic factors, rising oil prices and the real threat of global warming make abundantly available and inexpensive natural gas the fuel for the future.
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.