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Power Efficiency Corporation Granted New Patent for E-Save Technology
Tuesday, December 28, 2010
Las Vegas, NV -- Power Efficiency Corporation (OTCBB: PEFF), a clean tech company focused on efficiency technologies for electric motors, announced today that it has been granted a patent from the U.S. Patent and Trademark Office for a core algorithm incorporated in its revolutionary E-Save Technology® platform. The patent encompasses the method, system and apparatus for controlling electric motors and optimizing their energy use.
“This is a very important patent for Power Efficiency,” said Steve Strasser, Chairman and CEO of Power Efficiency Corporation. “This patent covers the core control algorithm for reducing electricity use by an electric motor when it is lightly loaded and so is an integral part of our E-Save Technology platform. We are extremely proud of this technology because of the significant savings it creates for applications driven by Alternating Current Induction Motors, the workhorses of industrial and commercial equipment throughout the world. This is the second patent the company has been granted to date as part of its E-Save Technology platform.”
Power Efficiency Corporation’s E-Save Technology platform was developed to reduce electric motor energy consumption by matching the power supplied to the motor with its load. Most electric motors are sized for the worst case operating conditions of the equipment it is powering. Since most equipment does not operate constantly at its peak potential load, it is common to see a motor operate at less than 40% of the rated load for significant periods of time. E-Save Technology allows for variation in the load profile and adjusts the amount of energy required to optimize the energy use of the motor. This typically results in energy savings of up to 35% in appropriate applications.
Utilizing 3-phase Motor Efficiency Controllers, Power Efficiency has established itself throughout the world in the vertical transportation market, with numerous high profile installations at large airports, transit systems, entertainment complexes and even in the U.S. Capitol Complex. The company is also working with several large end users, OEMs and distributors to increase its participation in industrial markets.
About Power Efficiency Corporation
Power Efficiency Corporation is a clean tech company focused on efficiency technologies for electric motors. Power Efficiency is incorporated in Delaware and is headquartered in Las Vegas, Nev. The Company has developed a patented and patent-pending technology platform, called E-Save Technology, which has been demonstrated in independent testing to improve the efficiency of electric motors by up to 35% in appropriate applications. Electric motors consume over 25% of the electricity in the U.S. and many operate inefficiently. E-Save Technology can be licensed to motors, controls and equipment manufacturers. Power Efficiency’s products, based on E-Save Technology, can be licensed to motors, controls and equipment manufacturers. Power Efficiency’s products, based on E-Save Technology, include an industrial Motor Efficiency Controller for three phase applications, such as escalators, crushers, granulators, mixers, saws and MG elevators, as well as a new Appliance Motor Efficiency Controller for small single phase applications such as residential and light commercial appliances. For more information, go to www.powerefficiency.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 products in the market; the Company’s success in technology and product development; the Company’s ability to execute on 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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