News----
October 16, 2008
Omnitek Engineering, Corp. (OMTK.PK) today reports record results for the 3rd quarter of fiscal 2008, ending September 30, 2008.
Revenue for the three months increased to $1,175,171 from $334,064 for the same period in 2007. Profit was $31,641 compared to a loss of $26,757 for the same period in 2007.
Revenue for the first nine months of fiscal 2008 increased to $2,673,449 from $678,446 for the same 9 month period in 2007.
At the close of the third quarter FY08 the company's backlog of firm orders was at approximately $663,000.
Omnitek’s CEO, Werner Funk, reports, “We are happy to report another record quarter. As expected, sales of our industry leading diesel-to-natural gas conversion system accounted for most of sales. In the month to come we will introduce several new products, which should help to increase sales and our bottom line even further.”
The Company's proprietary diesel-to-natural gas conversion system has been successfully applied in over 12 countries and is the leading system worldwide for this application.
Disclaimer....
October 15, 2008
Omnitek Engineering Corp., today announced that it began listing on the OTCQX for greater access to the U.S. capital markets.
Omnitek began trading today on PrimeQX, under the ticker OMTK. Investors can find real-time quotes, disclosure and financial information about Omnitek at www.otcqx.com.
Omnitek’s CEO, Werner Funk, reports, “We are exited about the move-up to the PrimeQX Trading Market. This is part of our strategy to maximize shareholder value and a great steppingstone to the NASDQ or AMEX. The added disclosure requirements will result in increased transparency for potential investors, brokers and analysts”.
U.S. investment bank, Merriman Curhan Ford, will serve as Omnitek’s Designated Advisor of Disclosure ("DAD") on the OTCQX, responsible for providing guidance on the company's OTCQX-listing requirements and arranging a comprehensive suite of U.S. capital markets services.
“Merriman is very pleased to sponsor Omnitek and to serve as their DAD,” said Allen Blankenship, Vice President in Merriman’s OTCQX Advisory Group. “With our leadership in the advising, financing and trading of small capitalization CleanTech companies, Merriman is uniquely positioned to raise this exciting company’s profile amongst investors.” For complete news...
Disclaimer....
July 30, 2008
Omnitek Engineering, Corp. (OMTK.PK) reports record results for the 2nd quarter of fiscal 2008, ending June 30, 2008.
Revenue for the three months increased to $961,102, from $205,799 for the same period in 2007.
Earnings before interest, taxes, depreciation and amortization (EBITDA) were $156,488 for the second quarter of FY08 compared to a loss of $ 42,752 for the same period in 2007.
Backlog
At the close of the second quarter FY08 the company's backlog of firm orders was $1.1 million, compared to $42,000 for the comparable period in 2007.
Omnitek’s CEO, Werner Funk, reports, “Sales of our diesel-to-natural gas conversion systems continue to increase quarter over quarter. Considering or backlog and additional orders we will receive over the next few month, we are on track to also mark a record for the 3nd Quarter, 4th Quarter and for the full year. We are now entering a new growth period for our Company. In addition to the deliveries of diesel conversion systems, we are now starting to supply new Omnitek natural gas engines to our customers.”
The Company's proprietary diesel-to-natural gas conversion system has been successfully applied in over 12 countries.
Disclaimer....
July 28, 2008
Omnitek Engineering, Corp. (OMTK.PK) Receives Patent for Key Natural Gas Technology -
Omnitek reports the receipt of Notice of Allowance from the United States Patent Office for a key technology, essential for achieving ultra-low emission levels with natural gas engines.
The Omnitek Fuel Mixing Apparatus has been applied on engines of various sizes with expected superior results. One engine equipped with this technology has already received EPA and CARB emission certifications.
The technology greatly improves air/gas mixture formation. The resulting complete combustion greatly reduces emissions and increases fuel economy.
Omnitek plans to make this technology available to other engine manufacturers, such as Cummins, Volvo, Isuzu and Mercedes, in an effort to support the fight to lower air pollution and combat global warming.
Patent Serial Nr. 11/810,620. International patents pending.
May 9, 2008
Omnitek Engineering, Corp. (OMTK.PK) reports record results for its first quarter of fiscal year 2008, ending March 31, 2008.
Sales for the quarter were $537,176, up from $138,584 for the comparable quarter in 2007.
Earnings before interest, taxes, depreciation and amortization (EBITDA) were $13,114 for the first quarter of FY08 compared to a loss of $87,391 for the same quarter last year.
Backlog
At the close of first quarter FY08 the company's backlog of firm orders grew to $1.35 million, compared to $39,000 for the comparable quarter in 2007.
Omnitek’s CEO, Werner Funk, reports, “Sales volume of our diesel-to-natural gas conversion systems is on track to mark another record for 2nd Quarter sales."
Disclaimer....
March 17, 2008
Omnitek Engineering, Corp. (OMTK.PK) Accelerates Position To Benefit From $ 2 Billion Subsidy Program -
At a special meeting on Feb. 19, 2008, the Long Beach Board of Harbor Commissioners voted to approve a plan calling for replacement of at least half of the 16,800 old port drayage diesel trucks with trucks powered by clean alternative fuels -- specifically natural gas or other alternative fuels that perform better than 2007 emission standards. (The full report is available at the Port of Long Beach official website at http://www.polb.com )
The Commissioners further finalized a $2 billion subsidy program to finance the lease or purchase of clean trucks or engines. Under the plan, only "clean" trucks will be allowed to work at the Port of Long Beach. One of the provisions calls for a one-time grant of up to $ 20,000 towards the purchase of retrofit equipment for model year 1994 to 2003 trucks in 2008 and 2009.
Reacting to the move, Omnitek Engineering, Corp. has initiated the process of certifying one of its engines to the required emissions standard. The engine will be able to operate using liquefied natural gas (LNG), or compressed natural gas (CNG) and can be used to retrofit old diesel trucks.
Werner Funk, CEO of Omnitek, states, “We are not trying to force the truck operators into any one technology, so we will equip our certified engines so they can be operated using LNG or CNG. This puts us in direct competition with engine maker Cummins Westport.”
Disclaimer....
February 13, 2008
Omnitek Engineering, Corp. (OMTK.PK) receives a forecast-order for 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 month. 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.
Disclaimer....
January 18, 2008
Omnitek Engineering, Corp. (OMTK.PK) and Governors America Corp. have signed a marketing and sales agreement that combines the strengths and capabilities of both companies to aggressively attack the growing natural gas engine market world wide.
Omnitek is a leader in the development of advanced engine technologies and emission control systems for internal combustion engines and GAC has a worldwide sales and technical support organization with existing business relationships with engine, bus, truck, and industrial equipment manufacturers around the world. This combination of a technically superior product and excellent market access should allow both companies to quickly penetrate new customers and markets resulting in increased sales and market recognition.
Werner Funk, CEO of Omnitek reports, ”This is an important step for Omnitek and we are looking forward to work with an industry leader. By combining the strength of our two companies we are well positioned to take advantage of the rapidly growing natural gas engine market.””
For complete news....
December 21, 2007
Omnitek Engineering, Corp. (OMTK.PK) and Omnitek Engineering Thailand Co. Ltd., have entered into a joint venture agreement in Thailand to sell Omnitek’s proprietary diesel-to–natural gas engine conversion kits and new natural gas engines used to repower existing diesel trucks and buses. Omnitek reports a 15% interest in the JV.
Omnitek is a global leader in the alternative fuels industry. Omnitek develops and supplies new natural gas engines and a proprietary technology which converts diesel engines to operate on natural gas, propane or hydrogen.
The JV will purchase conversion kits and new natural gas engines from Omnitek and sell them to fleet owners in Thailand. Omnitek will offer training to the fleets to allow them to convert their own diesel engines to natural gas in their own workshop. Werner Funk, CEO of Omnitek, reports, ”Previously, the vehicles had to be delivered to conversion workshops to perform the transformation from a diesel engine to a naturals gas engine. As a result of the limited workshops in Thailand, only a small amount of vehicles could be converted every month. Allowing the fleet maintenance garages to perform their own conversions, assisted by technicians from Omnitek Thailand, will greatly accelerate the conversion process.” Omnitek estimates that with this arrangement up to 5,000 engines can be converted per year. Mr. Funk continues, ”Thailand is an important market for Omnitek. The low-interest rate loans available to the fleet operators to re-power trucks and buses or to convert existing diesel engines to natural gas, opens up a large market for Omnitek’s technologies.”
For complete news....
November 19, 2007
Omnitek Engineering, Corp. and CYT Gas Tech Co. Ltd. enter into exclusive Agreement
Omnitek Engineering, Corp. ("Omnitek" or the "Company") today announced the signing of a Business Representative Agreement to appoint CYT Gas Tech Co. Ltd. (“CGT”) the exclusive Omnitek natural gas engine warranty and engine parts distribution center for Thailand, as well as a non-exclusive dealer for Omnitek’s CNG engines.
Werner Funk, CEO of Omnitek, says, "We believe our relationship with CGT offers Omnitek the opportunity to establish broader sales penetration of natural gas engines in Thailand and offers customers a level of comfort that service and warranty tasks are performed promptly and by Omnitek authorized and trained service personnel.” Mr. Funk continues, "Thailand is an important market for Omnitek. The low-interest rate loans available to the fleet operators to re-power trucks and buses, opens up a large market for Omnitek’s natural gas engines. There are currently fifteen Omnitek natural gas engines operating in Thailand, with five more in transit, scheduled to arrive Thailand in December.”
CGT already provides services to natural gas fleets in Thailand, and has been servicing Omnitek’s natural gas engines and products in their facility in Bangkok.
Thailand is a dynamic and rapidly expanding natural gas vehicle market. Thailand's leading energy supplier, PTT Public Company Ltd ("PTT"), has been at the forefront of Thailand's natural gas vehicle programs. PTT is responsible for granting low-interest loans to fleet operators to fund the conversion of diesel engines to natural gas, or to buy engines to repower vehicles.
For complete news....
November 15, 2007
Omnitek Engineering, Corp. Announces 2 for 1 Stock Split
Omnitek Engineering Corp. announced today that its Board of Directors approved a 2 for 1 forward split of the Company's common stock for all shareholders of record as of close of business on November 25, 2007. The Board of Directors believes that the forward stock split will improve trading liquidity, broaden ownership, and enhance shareholder value.
For complete news....
September 20, 2007
Omnitek Engineering Corp. to trade on Pink Sheets
Omnitek Engineering Corp. (Pink Sheets: OMTK) announced today that effective Thursday September 19, 2007 the company's shares will trade on the Pink Sheet quotation system. Quotes may be obtained at www.pinksheets.com under the trading symbol OMTK. The Pink Sheets are an interdealer quotation system for the Over-the-Counter securities market that collects and publishes quotes for OTC securities.
For complete news....
July 17, 2007
Omnitek Engineering, Corp. appoints Omnitek Myanmar as the exclusive representative in Myanmar. The office is located in Yangon , Myanmar. A branch office in Mandalay will be opened soon.
Omnitek Myanmar is authorized to sell CNG components, new CNG engines and diesel-to-natural gas conversion kits. Furthermore, Omnitek Myanmar Engineers have successfully completed all training programs relating to Omnitek’s technologies, including the Diesel-to-Natural Gas Conversion System.
For more information contact:
Omnitek Myanmar Att: Kyaw K. Aung
19 F, First Floor, Pearl Centre, Kabaraye Pagoda Road, Bahan Township
Yangon, Myanmar
Tel: 951 – 653534, Fax: 951- 651033, E-mail myanmar@omnitekcorp.com
January 26, 2007
Omnitek Re-powers Container Handling UTR at Bangkok Sea Port - Omnitek reports the commencement of a re-powering project at the Bangkok Laem Chabang Sea Port.
The first two UTR container-handling vehicles, owned by LCB1 Ltd., were recently put into service. The Cummins 5.9 Liter engines were replaced with Omnitek 5.8 Liter CNG engines. The engine of a third UTR is currently being converted from diesel to CNG. A short evaluation period will determine the economics and feasibility of converting or re-powering. LCB1 Ltd. operates approximately 200 UTRs at the Bangkok port.
The fact that the Thai gas supplier PTT has installed CNG refueling infrastructure at the sea port, has encouraged many fleet operators to consider converting or re-powering their diesel vehicles to CNG. Switching from diesel to natural gas can result in 30% to 50% savings in fuel and maintenance costs.(UTR)
November 3, 2006
Omnitek Acquires Pensare, Inc. - Omnitek announces the acquisition of Pensare, Inc., Woodland Park Colorado, one of the leading manufacturers of components for the natural gas industry. With this acquisition, Omnitek adds substantial engineering talent to its workforce and expands its product line further. The production of Pensares high-pressure CNG filters will be moved to the Omnitek factory in California.
The coalescing filters are designed to meet the needs of medium and heavy-duty gas engines. Made out of high-strength aluminum they feature a unique multi-layer filter element that combines both particulate and coalescing filtration, making them the ideal choice for the most demanding applications. The 0.3-micron filter element removes more than 99.9 percent of aerosols and particles. (Filter)
August 15, 2006
Carburation and Ignition Management System (CIMS) for 8-Cylinder Engines - Omnitek is now offering the Carburation and Ignition Management System (CIMS) for 8-cylinder engines. It was specifically designed for Diesel-to-Natural Gas conversions and features an integrated ignition and carburetion control system to manage the closed-loop gas metering and ignition timing for highest engine power and lowest fuel consumption and emissions.
Primary applications are 8-cylinder power-generators, but the reliable and robust system can also easily be integrated into retrofit and OEM truck applications.
The CIMS features enhanced closed-loop fuel control for lowest emissions and fuel consumption. The CIMS features a switch selectable 2nd ignition map for low-grade fuel applications. All CIMS models now come with upgraded software features and sensors that are compatible with turbo charged engines. For CIMS08 go to. (CIMS08)
May 22, 2006
Omnitek is happy to report that one of it’s 200 horsepower natural gas engines has completed a 50,000 km demonstration project in Thailand and has surpassed all expectations. The 8-month project resulted in an average savings to the operator of 63% in fuel costs alone. Maintenance costs were also lower when compared to a diesel engine. The vehicle was a cement truck, covering about 400 to 500 km every day.
Local support came from the Omnitek representative in Thailand, E2E Co.,Ltd., who was also responsible for system integration and scheduled maintenance for the engine.
The 6-cylinder Perkins based 5.8 liter Omnitek CNG engine is equipped with Omnitek’s advanced engine management system, which features electronic fuel injection, closed-loop mixture control and six individual ignition coils.
E2E and Omnitek are currently preparing to put an additional 200 engines into service before yearend. (view report here)
April 10, 2006
Omnitek and Dalian Diesel Engine Factory, a Division of the FAW Group, China’s largest vehicle and engine manufacturer, are conversing regarding cooperation in the commercialization of a Omnitek developed natural gas engine. The 6.6 Liter engine will be manufactured in Dalian and is based on a diesel engine currently in production.
The production-ready engine was delivered to China and will be displayed on the Omnitek booth at the upcoming Trade Exhibition “ENGINE CHINA 2006” - THE 7TH INTERNATIONAL EXHIBITION ON INTERNAL COMBUSTION ENGINE (April 20 to 23, 2006, Beijing).
The lean-burn 240 hp engine will undergo testing in China to the EURO III Standard and will be available for sale midyear. Preorders will be accepted now.
The engine features electronic throttle, lean-burn, knock sensing, individual ignition coils and electronic fuel injection. A 280 hp, 7.2 Liter engine will be available late in the year and will also be produced in Dalian
April 4, 2006
Omnitek receives US patent for an advance diesel dual-fuel (DDF) conversion system. The Omnitek DDF System can be used to convert high polluting diesel engines to operate with a mixture of diesel and natural gas, without any internal mechanical changes to the engine. The mixture of diesel to natural gas can be up to 40% diesel and 60% NG.
By installing the DDF System, great savings in fuel costs can be achieved. The Omnitek DDF system costs less than traditional engine conversions and can be applied to small as well as large engines.
US Patent Nr. 7,019,626. International patents pending.
August 19, 2005
Omnitek delivers first dedicated natural gas engines to Thailand. Together with the local partner SAS Tech Solution Co., LTD., Bangkok, Omnitek will supply engines to bus and fleet operators. It is expected that up to 200 engines will be delivered by the end of the year.
The program is part of an effort by the Thai Government to improve air quality and reduce Thailand's dependence on foreign oil. The Thai Government announced that it will support the effort with financial incentives. (more)
April 5, 2005
Omnitek signs MoU's with stakeholders in Bangkok to convert diesel buses to CNG. Omnitek will development 3 engines that can be used in about 2000 buses operating in Bangkok.
The local partner for the project is SAS Tech Solution Co., LTD., Bangkok. Thailand's energy supplier, PTT Thailand, which currently operates 29 CNG stations servicing almost 5,000 vehicles, will supply CNG cylinders and some financial support for the program.
The program is part of an effort by the Thai Government to improve air quality and reduce Thailand's dependence on foreign oil. (in Thai)
March 30, 2005
Omnitek concludes delivery of first 500 conversion kits for Myanmar. In a cooperative effort with Altenergy India LTD, New Delhi, Omnitek has contracts to supply a total of 1200 kits to convert diesel buses to natural gas to Myanmar. Myanmar has one of the larges natural gas reserves and is planning to convert up to 5000 buses and delivery trucks to natural gas.
November 18, 2004
Omnitek and NAVANA CNG LIMITED, the leading CNG service provider of Bangladesh, continue agreement to collaborate in engine conversion projects. Omnitek supplies conversion technology and engineering support, and has delivered the first 50 conversion kits to convert diesel vehicles to natural gas. http://www.navanacng.com//
September 15, 2004
Omnitek enters into a contract to supply fuel and ignition system components to Bangladesh and commences delivering components to convert the first 50 diesel engines to natural gas fueled engines.
The Government of Bangladesh has mandated that the heavy polluting diesel engines in most city buses be converted to operate on clean-burning and locally sourced natural gas.
Omnitek is working in cooperation with a leading natural gas engine company in New Delhi, India.
May 3, 2004
Omnitek enters into contract with Chinese Company to develop a CNG engine, capable of meeting EURO 3 emissions standards. The engine is based on a locally manufactured diesel engine and will be equipped with an electronically controlled fuel injection system (EFI). The engine will be used in city and transit buses and will operate on inexpensive, clean burning natural gas.
April 18, 2004
Omnitek tests new CNG engine at AVL Technical Centre in New Delhi, India. The base engine is a diesel engine converted to electronically controlled CNG injection (EFI). The engine will be used in buses and will be able to meet EURO 3 emissions standards.
September 18, 2003
Omnitek commences development of a CNG engine. The engine is based on a diesel engine and will be equipped with electronically controlled fuel injection (EFI). The engine will be used in city and transit buses in India and will be able to meet EURO 3 emissions standards.
March 25, 2003
Omnitek enters into contract with large Chinese engine manufacturer to develop engine management system.
February 2, 2003
Omnitek Subsidiary Receives Order from Large Chinese Engine Manufacturer.
October 21, 2002
Omnitek commences development of electronic fuel injection (EFI) system for V-Twin motorcycles. The EFI will allow motorcycle and engine manufacturers to meet stricter emissions standards.
June 12, 2002
Omnitek acquires patent # 6,374,816 for a next-generation capacitor ignition device.
April 17, 2002
Omnitek Subsidiary Receives 2nd Order from Large Chinese Engine Manufacturer.
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