Last $1.10 USD
Change Today -0.02 / -1.79%
Volume 25.2K
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As of 8:10 PM 12/26/14 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. It has strategic alliance with LKQ Corporation to produce drop-in natural gas engines; and Reviva. The company is headquartered in Vista, California.

19 Employees
Last Reported Date: 11/12/14

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 Corp. Establishes Strategic Alliance with LKQ Corp. to Offer Turn-Key Natural Gas Engines in Mexico

Omnitek Engineering Corp. announced it has established a strategic alliance with LKQ Corp. 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.

Omnitek Engineering Corp. Reports Unaudited Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014

Omnitek Engineering Corp. reported unaudited earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported revenue of $449,477 against $280,921 a year ago. Loss from operations was $561,280 against $488,934 a year ago. Loss before income taxes was $542,357 against $973,248 a year ago. Net loss was $542,357 against $973,248 a year ago. Basic and diluted loss per share was $0.03 against $0.05 per share a year ago. For nine months, the company reported revenues of $1,072,237 against $827,460 a year ago, due to the positive factors noted above and no further impact of the company's relocation to a large facility a year earlier. Loss from operations was $1,477,248 against $1,142,673 a year ago. Loss before income taxes was $1,418,871 against $3,712,887 a year ago. Net loss was $1,419,671 against $3,713,687 a year ago. Basic and diluted loss per share was $0.07 against $0.19 per share a year ago.

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.


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