Omnitek Engineering Corp. has completed a strategic divestiture of its core business operations as of October 2, 2026. The company entered into an Asset Purchase Agreement with Omnitek Corp. (the “Buyer”), with Werner Funk serving as the Buyer Executive, to sell substantially all assets related to the development and sales of proprietary technology. This technology focuses on converting diesel engines to alternative fuels, as well as new alternative fuel engines and complementary products.
Under the terms of the agreement, the Buyer assumed all liabilities and contracts associated with the purchased assets. The transaction closed on the same day it was signed, October 2, 2026. The filing indicates that as a result of this sale and a separate acquisition of Hard Rock Ready Mix, LLC, the company has transitioned its business focus to operations in the ready-mix sector located in North Carolina.
In conjunction with the closing of the asset sale, Werner Funk terminated his employment agreement with Omnitek Engineering Corp. The filing discloses that the company forgave and waived $632,273 in back salary owed to Mr. Funk and all debts the company owes to him.
As of the report date, the Company’s officers and directors include President and CEO Kevin Jay Hayes Jr., Vice President Werner Funk, and Chief Financial Officer Kevin Jay Hayes Jr. The Board of Directors consists of Kevin Jay Hayes Jr., Brett Kiker, Werner Funk, Gary S. Maier, and John M. Palumbo.
