VISTA, Calif., Nov. 18, 2014 (GLOBE NEWSWIRE) -- Omnitek Engineering Corp. (OTCQB:OMTK) today announced it has established a strategic alliance with LKQ Corporation (Nasdaq:LKQ) to produce "drop-in" natural gas engines at the company's facility in Monterrey, Mexico, initially for the widely utilized Mercedes OM904 and OM906 engines.
"This strategic alliance addresses the pent-up demand in Mexico to convert diesel engines to natural gas utilizing a cost-effective and timely process that is similar to an engine overhaul. We look forward to working with LKQ in offering as-new natural gas converted engines to accelerate the transition of diesel fleets in Mexico to natural gas," said Werner Funk, President and Chief Executive Officer of Omnitek Engineering Corp.
Funk noted that Omnitek's conversion technology provides fleets with a 100 percent dedicated natural gas engine at a fraction of the cost of a new natural gas engine, with the strategic alliance providing an assembly-line remanufacturing process offering the benefits of capacity, consistency and quality. "This alliance will enable us to address large markets in Mexico and Latin America, and we look forward to working with LKQ to offer additional engine models in the future," Funk said.
"This alliance with Omnitek allows LKQ to participate in a rapidly accelerating market in a country that is committed to lowering air pollution and utilizing clean-burning and inexpensive natural gas," said Robert L. Wagman, President and Chief Executive Officer of LKQ Corporation.
"We are currently in the technical phase of the project and anticipate ramping up within a few months, with a goal of commencing full-production of natural gas engines in 2015. Mexico represents a tremendous opportunity and our capacity in Monterrey is more than sufficient to address the anticipated demand from large fleet customers for Omnitek's conversion technology and drop-in engines," said Scott Miller, Vice President/ Remanufacturing of LKQ Corporation.
About LKQ Corporation
LKQ Corporation is a leading provider of alternative and specialty parts to repair and accessorize automobiles and other vehicles. LKQ has operations in North America, the United Kingdom, the Netherlands, Belgium, France, Australia, and Taiwan. LKQ offers its customers a broad range of replacement systems, components, equipment and parts to repair and accessorize automobiles, trucks, and recreational and performance vehicles. Additional information is available at www.lkqcorp.com.
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.
CONTACT: Gary S. Maier Maier & Company, Inc. (310) 471-1288 firstname.lastname@example.orgSource:Omnitek Engineering Corp.