September 28 , 2007
Power Efficiency Announces Recent Sales and Purchase Orders for Installations at Department Stores and Shopping Malls in Southern California
September 28, 2007 – Las Vegas, NV – Power Efficiency Corporation (OTCBB: PEFF.OB), a green energy company focused on efficiency technologies for electric motors, today announced it recently closed on sales and received additional purchase orders for installations of its Motor Efficiency Controller on escalators at well known department stores and mall operators in southern California.
Electric rates in southern California are relatively high compared with other parts of the country. High electrical rates improve the “payback” from the Company’s products because each kilowatt hour saved has a higher value. Utility rebates in southern California further improve the return on investment.
Commenting on these recent sales and orders, Mr. Strasser stated, "Department stores and shopping malls are looking for ways to make their buildings more eco-friendly. The rising cost of electricity is also an important factor for their operations. Our Motor Efficiency Controller with eSave Technology™ provides them with energy savings while leaving the operation of their escalators unchanged.
“A number of these department stores and shopping mall operators have a national presence. As our Motor Efficiency Controller becomes more widely accepted by customers, service providers and utilities, we continue to actively work on similar initiatives in other locations. Our goal is to repeat the success we’ve had in southern California in order to secure additional purchase orders and sales.”
About Power Efficiency Corporation
Power Efficiency Corporation is a green energy company focused on efficiency technologies for electric motors. Power Efficiency is incorporated in Delaware and is headquartered in Las Vegas, Nevada. The Company has developed a patented and patent-pending technology platform, called eSave Technology™, which has been demonstrated in independent testing to improve the efficiency of electric motors by 15-35% in appropriate applications. Electric motors consume over 25% of the electricity in the U.S. and many operate inefficiently. eSave Technology™ can be licensed to motor, controls and equipment manufacturers. Power Efficiency’s first product based on eSave Technology ™ is a Motor Efficiency Controller for applications such as escalators, crushers, granulators, mixers, saws, and MG elevators. Power Efficiency is also developing a new product based on eSave Technology™ for the tens of millions of small motors found in applications such as residential air conditioning, pool pumps, and clothes dryers. The company is working with manufacturers to incorporate this technology directly into new motors and appliances. For more information go to www.powerefficiency.com.
Contact:
Power Efficiency Corporation
B.J. Lackland, CFO, (702) 697-0377
Kenneth Munson, VP Sales and Marketing, (702) 697-0377
Andrew Barwicki, Investor Relations, (516) 662-9461
As a cautionary note to investors, certain matters discussed in this press release may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such matters involve risks and uncertainties that may cause actual results to differ materially, including the following: changes in economic conditions; general competitive factors; acceptance of the Company's products in the market; the Company's success in technology and product development; the Company's ability to execute its business model and strategic plans; and all the risks and related information described from time to time in the Company's SEC filings, including the financial statements and related information contained in the Company’s SEC Filing. Power Efficiency assumes no obligation to update the information in this release.
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