VISTA, Calif., March 25, 2014 (GLOBE NEWSWIRE) -- Omnitek Engineering Corp. (OTCQB:OMTK) today announced it has received a follow-on order for the company's proprietary natural gas engine management technology and components for a system designed to operate new 6.6 liter engines manufactured by Arizona-based U.R.E., representing an aggregate 40 units to date that will power buses in Querétaro, Mexico manufactured by Master Road, based in Puebla, Mexico. The company expects to receive additional orders for natural gas systems as bus production ramps up. Additional terms were not disclosed.
The state government of Querétaro and the federal government of Mexico have allocated approximately 15 million pesos each to support the purchase and operation of 150 new natural gas buses and 250 taxis within the state of Querétaro, Mexico.
"Mexico is committed to supporting technologies that reduce environmental pollution and utilize inexpensive natural gas, and we are gratified that one of its country's leading bus manufacturers has selected a natural gas engine that incorporates Omnitek's technology. We anticipate sales of our diesel-to-natural gas engine conversion kits and natural gas engines will accelerate in 2014, supported by expressed interest by domestic fleets and our ability to showcase and demonstrate the economical and effective utilization of the company's technology by current and anticipated large customers in the USA, Europe, Asia and Latin American countries like Mexico," said Werner Funk, president and chief executive officer of Omnitek Engineering Corp.
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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