Energtek Inc (PK:EGTK)
Business Focus: Natural Gas Distribution
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Company News
Sep 21, 2016 10:30 ET
Energtek Signs Agreement for Acquisition of HOP Energy
NEW YORK, Sept. 21, 2016 /PRNewswire/ -- Energtek Inc. (OTC: EGTK) ("Energtek"), a frontrunner in hi-tech natural gas solutions and Adsorbed Natural Gas (ANG) technology, announced today that it has entered into an agreement and plan of merger with HOP Energy Holdings, Inc. ("HOP") pursuant to which Energtek will acquire HOP for a cash purchase price of $65 million dollars. HOP is among the largest full service energy companies in the Northeast, serving about 80,000 commercial and residential customers, and presents an enviable platform from which Energtek plans to deploy its leading mobile
Apr 05, 2016 10:30 ET
Energtek Files Financials for 2015
NEW YORK, April 5, 2016 /PRNewswire/ --
Valuation Ratios
Industry
Sector
Beta
N/A
--
--
Price to Sales - TTM
0.00
1.91
2.08
Price to Book - most recent quarter
0.01
1.58
1.70
Price to Cash Flow per share - TTM
--
8.51
8.09
Price to Free Cash Flow per share - TTM
0.01
16.59
23.86
Business Summary
| Sector: Utilities | Industry: Natural Gas Utilities |
Energtek Inc., formerly American Mobile Power Inc., is engaged in the field of clean energy technologies. The Company is engaged in developing the natural gas distribution activities, both in Vermont area and in other areas in the United States. The Company is engaged in the development of natural gas delivery in the United States. The Company is also engaged in financing. The Company leverages on its technologies in order to sell natural gas to end customers, industrial, commercial and residential customers for bulk transportation applications and private customers in the case of products from small quantities (three wheelers and motorcycles). The Company sells natural gas to industrial/commercial customers that are not connected to natural gas pipelines. The Company sells the natural gas at the customer's facilities. The Company's subsidiaries include Energtek AL, LLC, Energtek USA, Inc., Angstore Technologies Ltd. and Energtek Products, Ltd.
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