Dynetek Industries Ltd. announced this week that its European subsidiary, Dynetek Europe had recently received significant cylinder and system orders from major bus manufacturers in Europe. According to Dynetek, these systems are scheduled to be delivered by the end of 2003. This announcement follows a number of other announcements related to the company's growing CNG and H_2 gaseous fuel products. Dynetek's President and CEO, Robb Thompson, remarked that sales growth has been strong over the last couple of years, with revenue growth at between 30-35 percent annually. Most of the Company's business relates to the sale of CNG products, however, Thompson points out that the supply of its compressed hydrogen fuel storage systems has been better than expected.
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