There were 2,120 press releases posted in the last 24 hours and 360,031 in the last 365 days.

Omnitek Engineering Awarded License To Convert Diesel Engines To Operate On Natural Gas

December 7, 2009 (FinancialWire) — Omnitek Engineering Corp. (OTC: OMTK) has been granted a license from the government of Peru to perform diesel-to-natural-gas conversions in the country. The conversions will be performed under a Productores de Equipos Completos, PEC, (Complete Equipment Producers) license.

As previously announced, in March the company entered the Peruvian market with a multi-year contract to convert a fleet of beverage and milk delivery vehicles owned and operated by Lima-based Leche Gloria. The company subsequently formed a joint venture with local partners in Peru to convert diesel engines to operate on natural gas, as well as provide services to re-power diesel trucks and buses utilizing Omnitek’s natural gas engines.

“Peru is firmly committed to taking advantage of the country’s excellent natural gas infrastructure system and reducing carbon emissions. With receipt of this license, the company is well-positioned to participate in the rapid expansion of the natural gas market in Peru through our current five conversions centers in Lima and opportunities for further expansion,” said Werner Funk, president and chief executive officer of Omnitek Engineering Corp..

He noted that industry sources estimate that diesel vehicle conversions for buses during the next few years will reach at least 20,000, with truck conversions expected to reach 50,000. “There are an estimated 500,000 heavy-duty engines in Peru that could be potentially converted to operate on natural gas,” Funk added.

About Omnitek Engineering Corp.

Omnitek Engineering Corp. develops and sells new natural gas engines, as well as proprietary diesel-to-natural gas conversion systems — providing global customers with innovative alternative energy and emissions control solutions that are sustainable, affordable and designed to combat global warming.

FinancialWire(tm) is a fully independent, proprietary news wire service. FinancialWire(tm) is not a press release service, and receives no compensation for its news, opinions or distributions. Further disclosure is at the FinancialWire(tm) web site (http://www.financialwire.net/disclosures.php). Contact FinancialWire(tm) directly via inquiries@financialwire.net.

Free annual reports, filings and conference call webcasts for companies mentioned in the news are available via Investrend Syndications (http://investrend.ar.wilink.com/?level=279). The most recently issued reports and/or recorded webcasts include Cascade Corp. (NYSE: CASC), Anadarko Petroleum Corp. (NYSE: APC), Baytex Energy Trust (NYSE: BTE) (TSX: BTE), H & Q Healthcare Investors (NYSE: HQH), H & Q Life Science Investors (NYSE: HQL), PIMCO (NYSE: PYN) (NYSE: PMX) (NYSE: PZC), PIMCO Global StocksPLUS & Income Fund (NYSE: PGP), Taiwan Greater China Fund (NYSE: TFC) and Wolseley PLC (OTC: WOSCF) (London Stock Exchange: WOS).

Legal Disclaimer:

EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.