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As of 8:10 PM 03/3/15 All times are local (Market data is delayed by at least 15 minutes).
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Company Description

Contact Info

1333 Keystone Way

Suite 101

Vista, CA 92081

United States

Phone: 760-591-0089

Fax: 760-591-0880

Omnitek Engineering Corp. develops and supplies natural gas engines and advanced engine management systems for gaseous fuels worldwide. Products or Services The company sells three major products, such as a conversion kit for converting rich-burn natural gas engines to lean-burn; a conversion kit for converting diesel engines to run on natural gas; and new complete natural gas engines. Conversion Kits (Rich-to-Lean Burn Natural Gas) The company offers conversion kits, which convert rich burning natural gas engines to lean burning natural gas engines. Conversion Kits (Diesel-to-Natural Gas) The company offers a solution to convert any diesel engine to operate on natural gas. This diesel-to-natural gas conversion kit is the primary product offered by the company. In 2013, the U.S. Environmental Protection Agency (EPA) approved the company’s diesel-to-natural gas engine conversion technology for the line of heavy-duty Navistar DT466E and DT530E engines under the specific and rigorous criteria related to the agency’s outside useful life definition. In addition to the Conversion Kits, the company sells the individual component replacement parts for the conversion kits. Markets Worldwide: The company has the ability to sell and deliver its products anywhere in the world through Omnitek distributors, engine manufacturers, system integrators, fleet operators, engine conversion companies and directly to end-users. The company's conversion technology has been used to convert heavy-duty diesel engines to operate on natural gas worldwide. Internationally approximately 5,000 engines have been converted utilizing the Omnitek technology. Its primary market has been those countries not requiring compliance with emissions standards, or where there are no standards in place. The United States: In the United States the installation and sale of conversion systems for on-road applications is subject to regulations imposed by the EPA and the State of California Air Resource Board with regard to sales and installations within California. Sales and Distribution The company has distributors in approximately 12 countries which market and distribute its products. Research and Development The company’s research and development expenditure for the year 2013 included $292,228. Strategic Alliances In 2013, the company established a strategic alliance with Minneapolis Minnesota-based diesel engine remanufacturer Reviva to produce a ‘drop-in’ natural gas engine based on the Navistar DT466E and DT530E heavy-duty engines. In November 2014, Omnitek Engineering Corp. established strategic alliance with LKQ Corp. to offer turn-key natural gas engines in Mexico. Regulations The company is subject to the requirements of Regulation 13A under the Exchange Act, which requires it to file with the Securities and Exchange Commission.

 

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OMTK

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Valuation OMTK Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 19.5x
Price/Book 8.9x
Price/Cash Flow NM Not Meaningful
TEV/Sales 19.1x
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