EnerTeck Corp. Letter To Shareholders
STAFFORD, Texas, Feb. 1, 2013 /PRNewswire/ -- The
following is a letter to shareholders from Dwaine Reese, CEO of EnerTeck Corporation
(OTCQB: ETCK).
Dear Shareholders,
After a decade of research and development, 2012 was the year
EnerTeck truly became operational and poised for profitability.
2013 is the year when everything comes to fruition for the
company.
We're getting our first big purchase orders from the customers
that will define our future. The world runs on diesel and some of
the largest marine, rail, trucking, mining and other industrial
companies, as well as militaries, public transit authorities and
governments, are all moving in EnerTeck's direction.
We've proven our value proposition, and have convinced our
prospects and customers of the dramatic cost savings they can
achieve with our injection technology and catalytic combustion
accelerator product, EnerBurn®.
The world's large diesel users must reduce their consumption,
costs and emissions, and the cost of diesel today is approaching
$4.00/gallon with no relief in sight.
Our customers and prospects are also under intense pressure to
reduce particulate emissions. In 2012 EnerTeck put our new PEx®
(Particulate Extraction) product to the test. We have proven this
emissions control technology can reduce particulates by as much as
90+ percent, and are expecting CARB (California Air Resources
Board) approval in early 2013.
We are currently evaluating what we believe will be a winning
combination with our EnerBurn and PEx technology, and will soon be
able to show how large diesel-driven operations can avoid
tremendous retrofitting and rebuild costs by achieving emission
reduction levels that can help current Tier 1 or lower-rated large
diesel engines to comply with the upcoming Tier 4 emissions
requirements.
EnerTeck enters 2013 with evaluations and commitments in place
representing millions in potential revenue, and, in addition to our
own accounts, have distributors in place covering global markets:
G2 Fuel Technologies and EnerGreen Technologies. EnerTeck ends 2012
positioned to drive high-margin profits to the bottom line through
the following distribution and sales highlights:
G2 Fuel Technologies
G2 is one of the largest
minority-owned U.S. defense contractors. G2's goal is to sell
EnerBurn, injection equipment and emissions control systems to the
government and related customers, and has qualified EnerBurn into a
government-approved catalog for fuel efficiency and emissions
control products. In addition, G2 has completed an evaluation for a
midwestern city and we expect them to begin treating its entire
municipal fleet with EnerBurn. G2 is in negotiations to enter new
evaluation projects including one with the U.S. Marine Corps
testing the product with large diesel-powered generators at three
different bases, and with a ferry transport company that will be
observed by almost a dozen other maritime transport companies in
the Pacific Northwest.
EnerGreen Technologies Ltd. (Australia)
EnerGreen has a wide network
of industrial sector contacts in Australia, Southern
Asia, Europe, Brazil, Peru
and Paraguay. This distributor has
completed an evaluation with one of the largest towboat companies
in the world, which will be rolling out the EnerBurn product with
their entire Australian fleet. Sixteen major Australian ports will
be outfitted with EnerTeck's injection equipment this month.
Further evaluations are now expanding within this customer's
parent company, representing hundreds more vessels. We are working
on the testing protocols, injection equipment design and
installation, and operational support for an account that, if
successful, will far exceed all total projected revenues for the
company.
EnerGreen is presently running an EnerBurn evaluation for the
one of the world's largest marine dredging companies. This company
operates more than 50 work vessels, and has indicated a willingness
to treat their entire fleet upon successful evaluation.
EnerTeck Business
- One of the largest heavy construction companies in the western
United States is using EnerBurn in
a variety of equipment after running an evaluation on a Caterpillar
generator that showed a 12-percent improvement in fuel
economy.
- EnerTeck is treating four open ocean Blue Water tugboats for
one of the largest tow and towboat companies in the northeastern
U.S. With more than 110 vessels, we expect this company to move
toward treating all their large vessels by year-end.
- Emissions standards and job controls are being imposed on all
oil service companies involved in fracking natural gas and on big
shale projects. A major oil field services company has evaluated
EnerBurn to reduce operational fuel expenses and to comply with
tightening state and local emission reduction requirements. In
2013, we expect to outfit hundreds of their pumper and fracking
engines with the EnerBurn system.
- A 25-ship container fleet that is struggling financially and
looking for ways to conserve costs has agreed to do an evaluation
of EnerBurn. We are currently in discussions on test
protocols.
EnerTeck is set for success, and 2013 will be the year to drive
these opportunities across the finish line. Concurrently, we
continue to build our sales force, distribution channels, and
project pipeline, leveraging some of the strongest network
connections in the business.
Though the sales cycle remains lengthy and complex, today's
leading-edge operators "get it," especially as we work more with
sophisticated chemical and mechanical engineers – the early
adopters driving the purchasing decisions in leading markets such
as the marine, mining, oil field services and fracking industries.
Our investor group is executing one last capitalization to conclude
our evaluations and build the cash and inventory reserves we need
to turn our pipeline into positive cash flow this year.
We thank our shareholders and staff for their patience and
dedication, and most importantly, for their investments in the long
haul to profitability, which are now about to pay off.
Sincerely,
Dwaine Reese
CEO
EnerTeck Chemical Corporation
Contact:
Dwaine Reese
Chief Executive Officer
dreese@enerteck.net
281-240-1787
SOURCE EnerTeck