omnitek engineering corp (OMTK) Key Developments
Omnitek Receives Follow-On Order From Tedom for 45 Systems to Power Natural Gas Buses in the Czech Republic
Apr 2 15
Omnitek Engineering Corp. announced it has received a follow-on order for 45 Omnitek natural gas engine systems from TEDOM s.r.o LTD. The order, which was received at the end of the first quarter, is expected to be shipped in the second quarter. Terms were not disclosed.
Omnitek Engineering Corp. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014
Mar 31 15
Omnitek Engineering Corp. reported earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported revenue of $413,581 compared with $225,057 for the same period last year. Loss from operations was $409,892 compared with $535,510 for the same period last year. Loss before income taxes was $409,892 compared with income before income taxes of $190,200 for the same period last year. Net loss was $409,156 or $0.02 basic and diluted per share compared with $190,200 or $0.01 basic and diluted per share for the same period last year.
For the full year, the company reported revenue of $1,485,818 compared with $1,052,518 for the same period last year. Loss from operations was $1,887,140 compared with $1,678,182 for the same period last year. Loss before income taxes was $1,828,027 compared with income before income taxes of $3,522,686 for the same period last year. Net loss was $1,828,827 or $0.09 basic and diluted per share compared with $3,523,486 or $0.18 basic and diluted per share for the same period last year. Revenues primarily due to increased diesel-to-natural gas engine conversion kit sales and filter sales to an OEM customer.
Omnitek Engineering Wins Order to Build 600KW Natural Gas Power Generator
Feb 27 15
Omnitek Engineering won an order to build a 600KW natural gas power generator to operate the Bernardo Quintana CNG vehicle fueling station in the Mexican city of Querétaro. Run by NatGas, the station will have the capacity to serve 200 buses and 1,000 taxis per day. The 12-cyclinder generator will provide the station with a secure power source for CNG vehicle fueling operations.
Omnitek Engineering Corp. Receives Order for Diesel-To-Natural Gas Converted Engine
Feb 9 15
Omnitek Engineering Corp. announced it has received an order for a diesel-to-natural gas converted engine for a 225 kilowatt power generator from a multinational power solutions company, which is also the system integrator for an emergency backup power system being developed for a micro-grid project in the Northeast United States. The project is part of an initiative to address potential power outages at critical service locations during natural disasters -- particularly law enforcement, fire departments and other critical services. Additional details will be announced as they become available.
Omnitek Engineering Corp. Establishes Strategic Alliance with LKQ Corp. to Offer Turn-Key Natural Gas Engines in Mexico
Nov 18 14
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.