‘We Expect 2014 to Be a Pivotal Year for the Company’
Southern California’s Omnitek Engineering is talking up strong prospects for the new year, citing a preliminary order late in December to one of its domestic conversion center partners, the commencement of initial kit sales to a European country committed to a ten-year target of 2 million conversions, and receipt by a Latin America customer of a preliminary order of U.S.-manufactured natural gas engines for an initial 50-bus conversion project.
“The opportunities for heavy-duty diesel engine truck engine conversions are significant and we expect 2014 to be a pivotal year for the company, based on the expressed interest of large fleet customers during the past several months and year-end quote activity and kit shipments,” Omnitek president and CEO Werner Funk said in a release.
Omnitek converts of diesel engines to spark-ignition, 100% natural gas operation.
DT466, DT530, E7
Funk also mentioned highlighted the company’s recent strategic alliance with Minneapolis-based diesel engine remanufacturer Reviva to produce “drop-in” natural gas engines that utilize Omnitek’s diesel-to-natural gas engine conversion kits for Navistar DT466E and DT530E heavy-duty truck engines as a convenient option for large fleets.
Omnitek (OTCQB:OMTK) promoted conversions of the 12-liter Mack E7 engine at the recent North American NGV Conference & Expo in Atlanta (F&F, December 3).
Funk said that Omnitek conversions offer a projected payback of less than two years – “a significant advantage compared with a projected payback of five-to-seven years for a new natural gas truck purchase.”
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Source: Omnitek with Fleets & Fuels follow-up