Last $0.12 USD
Change Today -0.007 / -5.60%
Volume 118.0K
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As of 8:10 PM 07/10/14 All times are local (Market data is delayed by at least 15 minutes).

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energtek inc (EGTK) Details

Energtek Inc., an energy services supplier, engages in the development and utilization of mobile transportation technology to supply natural gas to industrial energy consumers and vehicles primarily in eastern Europe and the Middle East. The company specializes in natural gas mobile transportation, storage, and end-user retrofitting activities. It provides various solutions, including adsorbed natural gas technology that enables the efficient usage of natural gas in vehicles and industrial markets; CNG Lite system, a low-pressure natural gas fuel supply system for two and three wheeler vehicles; and low-pressure mobile pipeline (LMP) bulk transportation system, an equipment and services package that supplies gas to industrial and commercial energy consumers not connected to the gas network. The company is also involved in the development of natural gas storage vessels; bulk transport equipment, including semi-trailers and other solutions; and natural gas vehicle conversion systems; and natural gas filling stations. In addition, it engages in the oil and gas exploration and production activities, including commercialization of stranded gas. The company has a license for exploration, production, and marketing of oil and gas at the Nir-Am – Saad Exploration Block in north-west Negev, Israel. Further, it operates a semi-trailers fleet for delivering gas, as well as a filling station in Reljevo, Bosnia and Herzegovina. The company is based in New York, New York.

energtek inc (EGTK) Top Compensated Officers

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energtek inc (EGTK) Key Developments

Energtek Develops Second Generation Hyboost Devices

Energtek, Inc. announced that it has developed a second generation of its Hyboost devices. The new line enables operating the Hyboost over a wider technological spectrum, while providing significant economic savings at the same time. Energtek's "EN-Hyboost" is a simple, compact, light and cheap device for transferring natural gas from one high pressure vessel (200-250 bars, or 3,000 psi) into other high-pressure vessels (also 200-250 bars, or 3,000 psi), without the usage of cumbersome, heavy and expensive conventional compressors.

Energtek Reports Revenues Results for the First Quarter of 2014

Energtek, Inc. announced revenue results for the first quarter of 2014. Total revenues of $3.2 million were generated during the first quarter, an increase of more than 50% compared to the figure of $2.1 million in the first quarter of 2013. The figure of $3.2 million derives almost entirely from Energtek's activities in Europe.

Energtek, Inc. Establishes Energtek North Country Inc., New Subsidiaries in USA; Announces Executive Appointments

Energtek has established a fully-owned subsidiary, Energtek USA Inc. In turn, Energtek USA has created Energtek North Country Inc. for activities in the Vermont Region and Northeast United States. Energtek Inc. announced that Dr. Timothy Nulty and Leslie Nulty have joined forces with the company. Mrs. Leslie Nulty was appointed CFO of Energtek North Country Inc. She is an expert financial analyst, and served as General Manager at a large food co-op, controller for a Venture Capital company and Treasurer for a large Business Association. Dr. Timothy Nulty was nominated as CEO of Energtek North Country Inc. He has held senior positions at the DoE, the U.S. Senate and then the U.S. House of Representatives, as well as having served as a Senior Telecom Project Officer for the World Bank and International Finawance Corporation.


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Price/Sales 174.0x
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