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VISTA, Calif., Aug. 6, 2015 (GLOBE NEWSWIRE) -- Omnitek Engineering Corp. (OTCQB:OMTK) today announced that a 12-liter natural gas engine manufactured by TEDOM s.r.o. Ltd. and equipped with Omnitek's proprietary natural gas engine management system has received EURO 6 emissions certification.
TEDOM, an engine and bus manufacturer based in the Czech Republic, is the company's exclusive OEM customer in the region.
"The ability of Omnitek's technology to meet the Euro VI emissions standards represents an important strategic advantage to both of our organizations. It should further accelerate demand for natural gas engines in Europe, as well as other world regions that require Euro VI certification, and we are gratified to be an industry leader with our partner," said Werner Funk, president and chief executive officer of Omnitek Engineering Corp.
"Euro 6 emissions certification is a competitive advantage and not easily achieved," Funk said. He noted that most countries mandating compliance with Euro 6 emissions standards have expensive diesel fuel costs, which are essentially unaffected by lower oil prices due to the high fuel tax component. "This results in a large price delta between diesel and natural gas prices, which makes Euro 6-compliant natural gas engines particularly attractive to fleets operating in these countries. It also solidifies Omnitek's position as a global leader in natural gas engine technology, and makes our sales momentum less dependent on domestic customers who might be inclined to delay converting heavy-duty diesel fleets to natural gas due to current lower oil prices," Funk added.
He emphasized that even with lower oil prices, the company is still in active discussions with several large domestic fleet operators. Funk added he anticipates certain key projects commencing in the near future, as fleet managers have now completed analyzing the economic benefits of a pay-back period of less than two years for diesel-to-natural gas engine conversions and also recognize the environmental considerations and related compliance issues with meeting emissions mandates.
Funk noted the company's recent announcement highlighting the utilization of Omnitek's system in two TEDOM-powered natural gas locomotive engines powering a Czech Railways train in a pilot program with scheduled service three times daily between the Czech cities of Opava and Hlučín. The pilot program is seeking to demonstrate the economic, environmental and practical applications of CNG for rail transportation. "Reports from representatives of The Czech Railway indicate the engines have produced significant fuel savings and a sharp reduction in emissions, as they operate on 100 percent natural gas.
"We continue to support our customers with engine technology that uses 100 percent natural gas, which offers much higher fuel savings potential and lower emissions than diesel dual-fuel technology that utilizes a relatively small amount of natural gas mixed with diesel," Funk said.
About TEDOM s.r.o. Ltd.
Additional information about TEDOM is available at http://motor.tedom.eu/
About Omnitek Engineering Corp.
Omnitek Engineering Corp. develops and sells proprietary diesel-to-natural gas engine conversion systems and complementary products, including new natural gas engines that utilize the company's technology -- providing global customers with innovative alternative energy and emissions control solutions that are sustainable and affordable. Additional information is available at www.omnitekcorp.com.
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.
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