January 9, 2007
ELEVATOR WORLD Magazine Article Discusses Options for Improving the Efficiency of Escalators
LAS VEGAS--(BUSINESSWIRE)---Power Efficiency Corporation (OTCBB: PEFF), a developer and marketer of advanced energy savings technologies for electric motors, today announced ELEVATOR WORLD Magazine published an article titled “New Technologies Provide Options for Making Escalators More Energy Efficient”. The article discusses previously proposed legislation for reducing escalator electricity consumption. After the recent political change in Congress, such proposals are likely to be considered again. The article also discusses technological options for increasing escalator efficiency, including Power Efficiency’s energy saving technology.
The article is available at the following link: http://www.powerefficiencycorp.com/pdf/EWj07.pdf
Elevator World is a monthly publication dedicated to the elevator and escalator industry. It is distributed internationally and claims to be the only trade magazine specific to the industry. Elevator World’s readers are industry professionals which include developers, contractors, suppliers, manufacturers, architects, engineers, and property owners and managers. More information about Elevator World Magazine can be found at www.elevator-world.com.
About Power Efficiency Corporation
Power Efficiency Corporation develops and markets advance energy saving technologies for electric motors. The Company’s first product, an energy saving soft start, reduces the amount of energy used by electric motors in applications such as many escalators, elevators, grinders, granulators, mixers, saws, and stamping presses. The energy saving soft start allocates power in direct proportion to the motor's required workload, eliminating wasted electricity. The company's core technology is based on patented improvements to NASA technology. Energy savings from the Company’s products are typically 20-40% in appropriate applications. The controllers also reduce the operating heat of the motor, producing significant motor life extension and downtime reduction benefits. PEC products are UL compliant and CE and CSA certified. For more information visit www.powerefficiencycorp.com.
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 product 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 2005 Annual Report. Power Efficiency assumes no obligation to update the information in this release.
Contact:
Power Efficiency Corporation
Investor Relations:
B.J. Lackland, 702-697-0377
Chief Financial Officer
blackland(at)powerefficiencycorp.com
