Energtek Inc., a leader in hi-tech natural gas solutions and Adsorbed Natural Gas (ANG) technology, announced today that it has completed filing financial reports for the first quarter of 2014, indicating that total revenues of $3.2m were generated during the first quarter, an increase of more than 50% compared to the figure of $2.1m in the first quarter of 2013.
The figure of $3.2m derives almost entirely from Energtek’s activities in Europe – now entering their third year and which have demonstrated steady and strong growth.
“We are highly satisfied with the continued progress of our European operations. We further anticipate that in the coming months, we will establish the basis for significant growth as we begin to sign commercial contracts in the United States, taking advantage of the vast and favorable environment in the U.S. for non-pipeline NG transport and supply to consumers who are increasingly aware of the advantages to converting their expensive and polluting propane/diesel/fuel oil plants to clean and relatively cheap natural gas,” added Yoav Krill, CEO Energtek Inc.
Energtek develops and applies innovative mobile transportation solutions for industrial consumers and fleets of small vehicles. Energtek operates subsidiaries in North America, Europe and Asia.
SOURCE Energtek Inc