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Omnitek Engineering Corp.  (OMTK)
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    Sector  Consumer Discretionary    Industry Auto & Truck Parts
 

Omnitek Engineering's

Competitiveness


 

OMTK Sales vs. its Competitors Q1 2018



Comparing the results to its competitors, Omnitek Engineering reported Total Revenue increase in the 1 quarter 2018 by 0 % year on year.
The revenue growth was below Omnitek Engineering's competitors average revenue growth of 60.7 %, recorded in the same quarter.

List of OMTK Competitors





Revenue Growth Comparisons

Net Income Comparison


Omnitek Engineering Corp. recorded net loss , despite income increase by most of its competitors of 401.14 %

<<  More on OMTK Income Comparisons


Omnitek Engineering's Comment on Competitors and Industry Peers


We believe our products have many important advantages, some of which are performance, ease of use, and lower cost. We compete in a small segment of the transportation and energy arena. Most of the larger multinational corporations do not offer a complete solution for the markets the Company services. We believe that competition in these markets is principally based on the quality of the product, performance, reliability, service, deliverability, and price. Because of the Company's limited financial resources, Omnitek could be at a competitive disadvantage compared to most other suppliers of competitive products and services outside the United States.

Competition - Diesel-to-Natural Gas Engine Conversions.

The Company encounters competing products in countries where no emission standards are enforced, and where carbureted systems are still being used such as China, India, Bangladesh, Peru and others. These systems can be used to convert low power diesel engines found in these countries. When converting emissions controlled high power engines, as found in the USA and Western Europe, a fuel injection system, like the Omnitek system, must be used.

As of today, the Company is not aware of any direct competitors to its diesel-to-natural gas engine conversion technology for high-power heavy-duty diesel engines required to meet US EPA or CARB emissions standards. Suppliers like Fuel Systems Solutions, Bosch and Keihin supply mainly original equipment engine manufacturers and do not offer complete systems to convert diesel engines to natural gas. Cummins offers new natural gas engines, not engine conversion systems.

There are numerous companies, such as BRC, Landirenzo, Tartarini, OMVL, Tomasetto, supplying natural gas components for use on gasoline cars and small trucks. These technologies have been on the market for many years and millions of vehicles have been converted worldwide using these technologies. However, this technology is not suitable for heavy-duty diesel engines, and is not in direct competition with Omnitek's technology. At this time Omnitek is not planning to compete in the small-engine market.

Competition - Dual Fuel Technology

The dual fuel technology, where natural gas is mixed with diesel and both fuels are used at the same time, offers low-money savings potential and is not considered a competing technology.

Competition - New Natural Gas Engines.

Under certain conditions it is not cost effective, or technologically feasible, to convert a diesel engine to operate on natural gas. Emission standards sometimes dictate the use of highly sophisticated technology that cannot be easily retrofit onto an engine. For those situations, Omnitek offers purpose built new natural gas engines which can be used in buses, trucks, generators and other stationary applications.



<<  See the full list of OMTK competitors


Competitiveness By Company's Divisions




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OMTK's vs. Competition, Data

(Revenue and Income for Trailing 12 Months, in Millions of $, except Employees)



COMPANY NAME TICKER MARKET CAP REVENUES INCOME EMPLOYEES
Omnitek Engineering Corp. OMTK 4 1 -1 11
Altra Industrial Motion Corp. AIMC 1,248 916 54 3,855
Allison Transmission Holdings Inc ALSN 7,208 2,557 651 2,700
Barnes Group Inc B 3,808 1,472 64 5,036
Brunswick Corp BC 5,966 4,554 114 12,165
Borgwarner Inc. BWA 9,498 10,481 584 30,000
China Automotive Systems Inc CAAS 116 522 -28 4,230
Caterpillar Inc CAT 94,485 51,179 3,134 114,233
Cummins Inc CMI 25,341 18,357 1,542 54,600
Cooper-standard Holdings Inc. CPS 2,251 3,703 155 29,000
Dana Inc DAN 3,012 7,864 600 22,600
Dana Corporation DCN 0 0 0 0
Aptiv Plc DLPH 9,406 11,588 1,309 127,000
Emerson Electric Co EMR 49,592 16,955 2,112 103,500
Enerpulse Technologies, Inc. ENPT 0 0 0 8
Eaton Corp Plc ETN 38,701 21,162 3,136 102,000
Fuel Systems Solutions, Inc. FSYS 0 0 0 1,300
General Electric Company GE 106,922 123,638 -8,431 305,000
Greenkraft, Inc. GKIT 4 1 0 18
Generac Holdings Inc. GNRC 3,597 1,838 211 4,202
Honda Motor Co Ltd HMC 0 30,443 10,224 0
Itt Inc. ITT 5,408 2,715 191 9,400
Johnson Outdoors Inc JOUT 955 545 46 1,200
Metaldyne Performance Group Inc. MPG 0 0 0 12,000
Meritor Inc MTOR 1,879 3,874 322 8,400
Enpro Industries, Inc NPO 1,591 1,469 547 5,000
Sigma Labs, Inc. SGLB 6 0 -5 4
Shiloh Industries Inc SHLO 272 1,104 19 3,400
Sorl Auto Parts Inc SORL 85 463 29 3,070
Tenneco Inc TEN 2,348 9,776 324 30,000
Gentherm Inc THRM 1,791 1,019 31 10,098
Timken Co. TKR 4,087 3,339 255 14,000
Turbine Truck Engines Inc TTEG 0 0 0 1
Unique Fabricating, Inc. UFAB 81 176 6 734
Wabco Holdings Inc. WBC 6,435 3,766 463 12,429
SUBTOTAL 386,096 335,476 17,657 1,031,194
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