Last $2.42 USD
Change Today -0.16 / -6.20%
Volume 10.7K
OMTK On Other Exchanges
As of 8:10 PM 09/19/14 All times are local (Market data is delayed by at least 15 minutes).

omnitek engineering corp (OMTK) Snapshot

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01/17/14 - $3.00
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omnitek engineering corp (OMTK) Details

Omnitek Engineering Corp. develops and supplies natural gas engines and advanced engine management systems for gaseous fuels worldwide. It also manufactures a proprietary technology, which is used to convert old or new diesel engines to operate on natural gas, propane, or hydrogen. The company offers natural gas engines; conversion kits for converting rich-burn natural gas engines to lean-burn natural gas engines; and conversion kits for converting a diesel engine to operate on natural gas. Its products are used for stationary applications, such as generator sets; and transportation industry, including light commercial vehicles, minibuses, heavy-duty trucks, and municipal buses, as well as rail and marine applications. The company sells and delivers its products through its distributors, engine manufacturers, system integrators, fleet operators, and engine conversion companies, as well as directly to its end-users. Omnitek Engineering Corp. has a strategic alliance with Reviva. The company is headquartered in Vista, California.

19 Employees
Last Reported Date: 03/31/14

omnitek engineering corp (OMTK) Top Compensated Officers

Chairman, Chief Executive Officer, President,...
Total Annual Compensation: $153.8K
Chief Financial Officer
Total Annual Compensation: $29.4K
Vice President and Director
Total Annual Compensation: $50.5K
Compensation as of Fiscal Year 2013.

omnitek engineering corp (OMTK) Key Developments

Omnitek Engineering Receives Order for Mack E7 Diesel-To-Natural Gas Engine Conversion Kits from Recycling Company

Omnitek Engineering Corp. announced it has received an initial order for diesel-to-natural gas engine conversion kits designed and EPA-approved for the 12 liter Mack E7 engine from Chesapeake, Virginia-based TFC Recycling. The initial order for conversion kits is part of TFC Recycling's goal to convert its entire fleet of more than 100 vehicles to operate on natural gas. Omnitek appointed TFC Recycling in June 2013 as an authorized installation center for its diesel-to-natural gas engine conversion systems in the region. The company expects to obtain EPA and CARB approval for additional diesel engine models to address increasing interest from trucking fleets that operate with other diesel engine models.

Omnitek Engineering Corp. Announces Consolidated Unaudited Earnings Results for Second Quarter and Six Months Ended June 30, 2014

Omnitek Engineering Corp. announced consolidated unaudited earnings results for second quarter and six months ended June 30, 2014. For the quarter, the company reported revenues of $302,385, loss from operations of $477,942, loss before income taxes of $459,509, net loss of $459,509 or $0.02 basic and diluted per share, compared to the revenues of $197,210, loss from operations of $383,061, loss before income taxes of $369,393, net loss of $369,393 or $0.02 basic and diluted per share, for the same quarter a year ago. For the year to date, the company reported revenues of $622,759, loss from operations of $915,968, loss before income taxes of $876,514, net loss of $877,314 or $0.04 basic and diluted per share, compared to the revenues of $546,539, loss from operations of $653,739, loss before income taxes of $619,014, net loss of $619,814 or $0.03 basic and diluted per share, for the same period a year ago.

Omnitek Engineering Receives Order from National Raisin Company for Biogas Powered Generator

Omnitek Engineering Corp. announced it has received an order for a 250 kilowatt diesel-to-biogas converted power generator from National Raisin Company Inc. that incorporates Omnitek's technology for stationary engine applications and provides a clean and economical solution to the agricultural industry in the San Joaquin Valley region of California. The converted engine/generator system will operate as a Combined Heat and Power (CHP) unit, also called cogeneration or distributed generation, and will simultaneously produce two types of energy -- heat and electricity -- from one fuel source (biogas). The biogas to power National Raisin Company's electric generator will be derived from an anaerobic digester process capable of producing an estimated 100,000 cubic feet of renewable natural gas per day from the farm's liquid waste, which is currently diverted to a municipal water treatment facility. It is estimated that current water treatment costs will be reduced by at least 80%, with expectations that water from the anaerobic digester will be recycled and utilized for irrigation of the vineyards -- completely eliminating the need for water treatment by the municipal plant, while reducing CO2 and other greenhouse gas emissions in the immediate surrounding area.


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