Omnitek Becomes Exclusive Distributor of Luxfer CNG Cylinders in Peru

Omnitek Becomes Exclusive Distributor of Luxfer CNG Cylinders in Peru - Yahoo! Finance.gnwlistitemmarginbottom {margin-bottom: 10.0px} .gnwtablebottommargin {margin-bottom: 10.0px} .gnwcellpaddingleft0 {padding-left: 0.0px} .gnwverticalaligntop {vertical-align: top} .gnwtextaligncenter {text-align: center} .gnwcellparagraphmargin {margin-bottom: 0px; margin-top: 0px} .gnwverticalalignbottom {vertical-align: bottom} .gnwwhitespacenowrap {white-space: nowrap} .gnwtextalignright {text-align: right} .gnwcellpaddingright0 {padding-right: 0.0px} .gnwunderlinestyle {text-decoration: underline} .gnwtextalignleft {text-align: left} .gnw_heading {font: 16px Arial; text-align: center} .gnw_subhead {font: 12px Arial; text-align: center} .gnw_colhead {font: 12px Arial; text-align: center} .gnw_colhead_uline {font: 12px Arial; text-align: center; border-bottom: solid black 1.0pt;} .gnw_colhead_dline {font: 12px Arial; text-align: center; border-bottom: double black 2.5pt;} .gnw_label {font: 12px Arial; vertical-align: bottom; text-align: left } .gnw_label_uline {font: 12px Arial; vertical-align: bottom; text-align: left; border-bottom: solid black 1.0pt;} .gnw_label_uline_i10 {font: 12px Arial; vertical-align: bottom; text-align: right; border-bottom: solid black 1.0pt;} .gnw_label_uline_i15 {font: 12px Arial; vertical-align: bottom; text-align: right; border-bottom: solid black 1.0pt;} .gnw_label_uline_i20 {font: 12px Arial; vertical-align: bottom; text-align: right; border-bottom: solid black 1.0pt;} .gnw_label_uline_i25 {font: 12px Arial; vertical-align: bottom; text-align: right; border-bottom: solid black 1.0pt;} .gnw_label_uline_i30 {font: 12px Arial; vertical-align: bottom; text-align: right; border-bottom: solid black 1.0pt;} .gnw_label_dline {font: 12px Arial; vertical-align: bottom; text-align: left; border-bottom: double black 2.5pt;} .gnw_label_i10 {font: 12px Arial; vertical-align: bottom; text-align: left; padding-left: 10.0px;} .gnw_label_i15 {font: 12px Arial; vertical-align: bottom; text-align: left; pad...
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Omnitek Engineering Receives Favorable Evaluation for Its Natural Gas Conversion Technology From California Utility Company

SAN MARCOS, Calif., Oct. 14, 2009 (GLOBE NEWSWIRE) -- Omnitek Engineering Corporation (Other OTC:OMTK - News) today announced results of a study conducted by The Southern California Gas Co., a Sempra Energy Utility, to determine the effectiveness of the company's technology for the conversion of a turbocharged Cummins GTA855 irrigation engine. The evaluation of Omnitek's natural gas conversion technology recorded a 20-25 percent improvement in fuel savings and reduced emissions well within compliance of San Joaquin Valley Air Pollution Control District Rule 4702. The results were obtained based on rigorous monitoring and measuring during several test cycles conducted at Crystal Organics, an agricultural operation located in Bakersfield, California. The official Compliance Source Test for certification was performed by Aeros Environmental, Inc., with the following results: --------------------------------------------------------------------- Emission Measured Value Permit Limits -------- -------------- ------------- --------------------------------------------------------------------- NOx (Nitric oxide) 80 ppm (@ 15% O2) 150 ppm --------------------------------------------------------------------- CO (Carbon Monoxide) 140 ppm (@ 15% O2) 2000 ppm --------------------------------------------------------------------- VOC (C3 - C6 + as C1) 6.8 ppm (@ 15% O2) 750 ppm -----------------------------------------------...
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Omnitek Engineering Forms Joint Venture in Peru to Convert Diesel Engines to Natural Gas

SAN MARCOS, Calif., Aug. 4, 2009 (GLOBE NEWSWIRE) -- Omnitek Engineering Corporation (Pink Sheets:OMTK - News) today announced it has formed a joint venture with local partners in Peru to convert diesel engines to operate on natural gas, as well as provide services to re-power diesel trucks and buses utilizing Omnitek's natural gas engines. Based in Lima, Peru, the joint venture will operate as Omnitek Peru S.A.C., with plans to expand from several initial conversion centers in Lima to numerous other locations throughout the country. The company also said it is in negotiations with several local truck and bus dealerships to provide diesel-to-natural gas conversion services to new vehicles prior to customer delivery. "Peru represents an important growth market for our company. The country's natural gas infrastructure system is excellent, with Peruvian bank loans readily available to fleet operators for conversions and diesel engine re-powering. In addition, support by leading energy suppliers, such as PGN and Petro Peru, will contribute to a rapid expansion of the natural gas market," said Werner Funk, president and chief executive officer of Omnitek Engineering Corporation. He noted that industry sources estimate that diesel vehicle conversions for buses during the next few years will reach at least 20,000, with truck conversions expected to reach 50,000. "There are an estimated 500,000 heavy-duty engines in Peru that could be potentially converted to operate on natural gas," Funk added. As pr...
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Omnitek Engineering Corporation Reports First Quarter Results

SAN MARCOS, Calif., May 14, 2009 (GLOBE NEWSWIRE) -- Omnitek Engineering Corporation (Pink Sheets:OMTK - News) today reported results for its first quarter ended March 31, 2009, with revenues impacted by the timing of customer order shipments for its diesel-to-natural gas conversion systems until after the quarter end. Net revenues for the fiscal first quarter were $211,357 compared with $537,176 a year earlier. For the same period, the company reported a net loss of $156,891, or $0.01 per share, compared with a net loss of $172,875, or $0.01 per share, a year ago. Gross profit for the three months ended March 31, 2009 was $81,327 compared with $185,241 a year ago, due primarily to decreased sales. Gross profit for the three-month period as a percentage of sales was 38 percent compared with 34 percent in the same period a year ago. "Notwithstanding the results for the quarter, which were impacted by the timing of customer order shipments rather than a precipitous decline in global demand for converting high-polluting diesel powered engines to operate on natural gas, we anticipate strong sales for the balance of 2009," said Werner Funk, president and chief executive officer of Omnitek Engineering Corporation. He highlighted two recently announced agreements concerning initial conversion orders for fleets in Peru and Bulgaria to support management's growth expectations for the year. Both projects in Peru and Bulgaria commenced in May. Funk indicated that a project to convert diesel powered irrig...
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Omnitek Engineering Signs Exclusive Distribution Agreements for Bulgaria and Turkey

SAN MARCOS, Calif., March 25, 2009 (GLOBE NEWSWIRE) -- Omnitek Engineering Corporation (Other OTC:OMTK.PK - News) today announced the appointment of Metan Market, Ltd. as the company's exclusive agent in Bulgaria and an initial order valued at approximately $600,000 for its diesel-to-natural gas conversion systems. The company also said it has signed a similar exclusive agent agreement with Ruston Endustrieyel, based in Ankara, Turkey. The conversion order in Bulgaria is for public buses operated by Sofia Public Transport Company. The conversion project, which recently commenced, is expected to be completed over a two-year period.``Bulgaria and Turkey represent regions with tremendous growth potential, supported by an expanding infrastructure of compressed natural gas (CNG) refueling stations, and a corresponding government and private-sector commitment to utilizing gaseous fuels. There are approximately 25,000 CNG vehicles operating in Bulgaria today, a figure that has doubled since 2006, and approximately 74 CNG refueling stations in operation to support the growing demand,'' said Werner Funk, president and chief executive officer of Omnitek Engineering Corporation.He noted Metan Market, Ltd. is aggressively engaged in multiple sectors of the CNG supply chain, including compression of natural gas; delivery of CNG for mobile compressor stations, serving private and commercial customers; production of trailers for the transportation of CNG; CNG bus and truck sales, in addition to managing the conversion of diesel buses a...
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Omnitek Engineering Enters Peruvian Market With Exclusive Distribution Agreement and $4.5 Million CNG Conversion Contract

SAN MARCOS, Calif., March 18, 2009 (GLOBE NEWSWIRE) -- Omnitek Engineering Corporation (Other OTC:OMTK.PK - News) today announced the appointment of G&W Group, S.A. as the company's exclusive agent in Peru and an initial order valued at approximately $4.5 million for its diesel-to-natural gas conversion systems. The conversion order is for a fleet of beverage and milk delivery vehicles owned and operated by Lima-based Leche Gloria, S.A. The conversion project, which is expected to commence in April and be completed over a two-year period, is being financed by the natural gas supplier GNC Energia Peru S.A. in cooperation with Caja Metropolitana, a Lima-based bank that provides individual and commercial financing for the conversion of vehicles to operate on natural gas. The conversion costs are being offset by GNC Energia charging a higher market rate for natural gas, but at a rate still below the cost of diesel fuel. GNC Energia is also financing the cost of installing refueling stations for Leche Gloria.``Peru represents an excellent opportunity for our company to participate in this country's commitment to reduce dependence on fossil fuels and carbon emissions. Converting high-polluting diesel powered engines to operate on natural gas is an effective and economical solution -- significantly less expensive then purchasing new natural gas vehicles. We look forward to working with G&W Group on numerous other anticipated conversion projects in the near future,'' said Werner Funk, president and chief executive officer o...
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Omnitek Engineering Corporation Reports Record Revenues for 2008

SAN MARCOS, Calif., March 2, 2009 (GLOBE NEWSWIRE) -- Omnitek Engineering Corporation (Pink Sheets:OMTK - News) today reported results for its fourth quarter and year ended December 31, 2008, with revenues increasing more than two-fold on a year-over-year basis due to strong demand for its diesel-to-natural gas conversion systems. Net revenues for the fiscal fourth quarter were $686,504 compared with $338,771 a year earlier. For the same period, the company reported a net loss of $1,061,164, or $0.07 per share, compared with a net loss of $829,933, $0.05 per share, a year ago. For the twelve months, revenues increased sharply to $3.36 million from $1.0 million for the same period a year earlier. The company reported a net loss for 2008 of $1.2 million, or $0.08 per share, compared with a net loss of $1.3 million, or $0.08 per share, a year ago. Results for 2008 included a non-cash charge of $1.2 million, or $0.08 per diluted share, related to the expensing of options and warrants and recorded in general and administrative expense. Gross profit for twelve months ended December 31, 2008 increased sharply to $1.1 million from $242,510, due primarily to increased sales, improved operating efficiencies and reduced material costs. Gross profit for the twelve-month period as a percentage of sales was 32 percent compared with 24 percent in the same period a year ago. "Results for 2008 reflect continued global demand for our technology, which converts high-polluting diesel powered engines to operate on natural...
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Omnitek Engineering Corporation Reports Record Revenues for 2008

SAN MARCOS, Calif., March 2, 2009 (GLOBE NEWSWIRE) -- Omnitek Engineering Corporation (Pink Sheets:OMTK - News) today reported results for its fourth quarter and year ended December 31, 2008, with revenues increasing more than two-fold on a year-over-year basis due to strong demand for its diesel-to-natural gas conversion systems. Net revenues for the fiscal fourth quarter were $686,504 compared with $338,771 a year earlier. For the same period, the company reported a net loss of $1,061,164, or $0.07 per share, compared with a net loss of $829,933, $0.05 per share, a year ago. For the twelve months, revenues increased sharply to $3.36 million from $1.0 million for the same period a year earlier. The company reported a net loss for 2008 of $1.2 million, or $0.08 per share, compared with a net loss of $1.3 million, or $0.08 per share, a year ago. Results for 2008 included a non-cash charge of $1.2 million, or $0.08 per diluted share, related to the expensing of options and warrants and recorded in general and administrative expense. Gross profit for twelve months ended December 31, 2008 increased sharply to $1.1 million from $242,510, due primarily to increased sales, improved operating efficiencies and reduced material costs. Gross profit for the twelve-month period as a percentage of sales was 32 percent compared with 24 percent in the same period a year ago. "Results for 2008 reflect continued global demand for our technology, which converts high-polluting diesel powered engines to operate on natural...
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Omnitek Engineering, Corp. 2008 Annual Meeting of Shareholders

SAN MARCOS, Calif., Nov. 18, 2008 (GLOBE NEWSWIRE) -- Omnitek Engineering, Corp. (Other OTC:OMTK.PK - News) today reports that shareholders can experience Omnitek's 2008 Annual Meeting of Shareholders held November 15, 2008 via audiocast. The audio portion of the annual meeting can be accessed by downloading the audio file from the Omnitek website at http://www.omnitekcorp.com/investors Omnitek's CEO, Werner Funk, reports, ``I like to express my thanks to participating shareholders for their attendance and I like to thank all shareholders for their trust and continued support. We are entering exciting times for our industry and it is great to have a person like T. Boone Pickens making a case for natural gas. We are hopeful that in years to come we will have played a big part in reducing our dependence on foreign oil.'' * Omnitek participated in 3 trade shows since the 2007 Annual Meeting, which helped in educating fleet owners and other customers about our technology. * We introduced our new Engine Management System, which was an instant success. * We set up additional distributors in Egypt, Thailand and Malaysia. * We moved from the PinkSheets to the OTCQX, which is considered the Prime Trading Platform. This was achieved with the help from Merriman Curhan Ford, which serves as the ...
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