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Omnitek Engineering Corp.  (OMTK)
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Omnitek Engineering's



OMTK Sales vs. its Competitors Q1 2019

Comparing the results to its competitors, Omnitek Engineering reported Total Revenue decrease in the 1 quarter 2019 year on year by -2.28 %, faster than overall decrease of Omnitek Engineering's competitors by -0.68 %, 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 199.82 %

<<  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.


Total Segment Market Share Q1 2019

despite revenue deterioration, Omnitek Engineering inceased its market share in this segment.

company inceased its market share in this segment to approximate 0 %.

<<  More on OMTK Market Share.

*Market share is not actual measurement, only performance comparison of companies which report and operate within the same segment.

OMTK's vs. Competition, Data

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

Omnitek Engineering Corp. OMTK 2 1 0 11
Altra Industrial Motion Corp. AIMC 2,302 1,418 62 3,855
Allison Transmission Holdings Inc ALSN 5,710 2,725 655 2,700
Barnes Group Inc B 2,778 1,506 161 5,036
Brunswick Corp BC 4,047 5,280 156 12,165
Borgwarner Inc. BWA 8,582 10,311 919 30,000
China Automotive Systems Inc CAAS 71 514 17 4,230
Caterpillar Inc CAT 75,597 55,329 6,365 114,233
Cummins Inc. CMI 26,780 23,771 2,187 54,600
Cooper-standard Holdings Inc. CPS 719 3,542 44 29,000
Dana Inc DAN 2,478 8,391 484 22,600
Dana Corporation DCN 0 0 0 0
Delphi Technologies Plc DLPH 1,612 11,956 810 127,000
Emerson Electric Co EMR 39,297 18,061 2,333 103,500
Enerpulse Technologies, Inc. ENPT 0 0 0 8
Eaton Corp Plc ETN 34,051 22,000 2,181 102,000
Fuel Systems Solutions, Inc. FSYS 0 0 0 1,300
General Electric Company GE 91,742 120,241 -17,685 305,000
Greenkraft, Inc. GKIT 3 0 -1 18
Generac Holdings Inc. GNRC 4,069 2,096 253 4,202
Honda Motor Co Ltd HMC 46,644 90,144 3,583 0
Itt Inc. ITT 5,627 2,745 336 9,400
Johnson Outdoors Inc JOUT 0 544 44 1,200
Metaldyne Performance Group Inc. MPG 0 0 0 12,000
Meritor Inc MTOR 2,044 4,459 261 8,400
Enpro Industries, Inc NPO 1,319 1,524 25 5,000
Sigma Labs, Inc. SGLB 14 0 -6 4
Shiloh Industries Inc SHLO 121 1,127 -1 3,400
Sorl Auto Parts Inc SORL 66 497 16 3,070
Tenneco Inc TEN 523 9,556 273 30,000
Gentherm Inc THRM 1,367 1,034 37 10,098
Timken Co TKR 3,780 3,581 306 14,000
Turbine Truck Engines Inc TTEG 0 0 0 1
Unique Fabricating, Inc. UFAB 28 167 2 734
Wabco Holdings Inc. WBC 6,739 3,761 396 12,429
SUBTOTAL 368,108 406,281 4,212 1,031,194


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