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Last $0.43 USD
Change Today +0.02 / 4.88%
Volume 22.5K
ETCK On Other Exchanges
Symbol
Exchange
OTC US
As of 8:10 PM 08/28/15 All times are local (Market data is delayed by at least 15 minutes).
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Company Description

Contact Info

10701 Corporate Drive

Suite 150

Stafford, TX 77477

United States

Phone: 281-240-1787

Fax:

Enerteck Corporation, through its wholly owned subsidiary, specializes in the sales and marketing, and manufacturing of a fuel borne catalytic engine treatment for diesel engines, known as EnerBurn. Products and Services The Diesel Fuel Additive Product Line EnerBurn Combustion Catalyst for Diesel Fuel: EnerBurn is a liquid, chemical formulation, sold in bulk quantities to fleet and vessel operators, under three product codes differentiated by market application and product concentration. Although added to diesel fuel and referred to as a diesel fuel additive within the industry, EnerBurn functions as an engine treatment application by removing carbon deposits from the combustion surfaces of the engine and reducing further carbon deposit buildup. It also provides for an increased rate of combustion. By adding EnerBurn to diesel fuel in accordance with proprietary methodology, it forms a non-hazardous catalytic surface in the diesel engine combustion chamber and on the surface of the piston heads. This surface is visible in the form of a monomolecular film that develops after initiation of treatment and remains active for a period of time after cessation of treatment. The buildup of carbon within the combustion chamber of a diesel engine can generate greater exhaust opacity and increased engine wear. These carbon deposits can cause piston rings to stick and reduce compression resulting in decreased engine efficiency with extended use. EnerBurn Volumetric Proportioning Injector Equipment (VPI) Volumetric proportioning injection equipment is used to deliver proper dosage ratios of EnerBurn to the diesel fuel, and are offered to its customers in support of an EnerBurn sale. Three equipment vendors supply additive injection equipment to the company that is either installed at a bulk fueling depot or onboard the vehicle or vessel. Target Markets The company’s target markets include trucking, heavy construction, maritime shipping, railroad and mining industries, as well as federal, state and international government applications. Government Regulation - Fuel Additive Registration The company needs to comply with registration requirements for each geographic jurisdiction in which it sells EnerBurn. In 2001, the U.S. Environmental Protection Agency, pursuant to the Environmental Protection Act (40 CFR 79.23) issued permit number EC 5805A in connection with the use of EnerBurn. This registration allows EnerBurn to be used anywhere in the United States for highway use in all over-the-road diesel applications. Additionally, in 2004, the company received a second EPA permit, permit number EC 5931A in connection with the use of EnerBurn. This registration allows EC 5931A to be used anywhere in the United States for use in all diesel applications. Under these registrations, the company has pass through rights from the formulator, blender and supplier to sell EnerBurn in on-road applications. Trademarks The company owns the EnerBurn trademark, and the EnerBurn formulas and technology. Competition The company’s primary competitors include Lubrizol Corporation; Chevron Oronite Company (a subsidiary of Chevron Corporation); Octel Corp.; Clean Diesel Technologies, Inc.; and Ethyl Corporation. History Enerteck Corporation was incorporated under the laws of the state of Washington in 1935. The company was formerly known as Gold Bond Resources, Inc. and changed its name to EnerTeck Corporation in 2003.

 

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Price/Sales 56.5x
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TEV/Sales 55.5x
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