BOULDER, Colo., Dec. 21, 2004 (PRIMEZONE) -- Energy Conservation Technologies, Inc. (Pink Sheets:ENYC), a landmark technology company ("Econ"), is expanding applications of its HID electronic ballast technology for lower and higher wattage bulbs.
As the development of 250 watt HID ballasts enters into the commercialization phase, Econ is focusing on expanding its technology to lower and higher wattage HID electronic ballasts. Fazle Quazi, Econ's Chairman and Director of Engineering, commented, "The need for HID lighting continues to grow as new technology produces a wider variety of HID bulbs needed to light the commercial and residential market. HID bulbs produce 20 times the light per watt compared to the incandescent bulb and last about 20 times longer. Econ is expanding its product line to address broader segments of the HID market."
More information on these developments and new products will be released during the first quarter of 2005.
About Energy Conservation Technologies, Inc.
Energy Conservation Technologies, Inc. holds a patent for "Control Circuit for power factor corrected electronic ballasts and power supplies," patent No: 6,359,395, granted on March 19, 2002 and developed by its founder, Fazle Quazi. The current patent covers power factor corrections and controlling energy into bulbs and power supplies such as: computer servers, copy machines, compact fluorescent lamps, power supplies to the telecom industry, inverters used to convert DC power to AC power (120 Volts), automobiles specialty lighting, solar and wind power generators, and fuel cells.
New patent applications involving the lighting industry are now being drafted after extensive testing. These new designs will revolutionize the HID lighting industry, annually a $2 billion dollar market in the United States and over $10 billion on an international basis. Econ's HID electronic ballasts will be available at costs comparable to magnetic ballasts, reducing ballast weight by a factor of 10 and saving an estimated 35 percent of electrical energy over magnetic ballast usage.
Discussions are now in progress with a major lighting manufacturer in Mexico and with a Fortune 500 company regarding licensing our patents and future patent filings.
FORWARD LOOKING STATEMENT DISCLAIMER:
Statements describing objectives or goals or our future plans are forward-looking statements and are subject to certain risks and uncertainties, including among other factors our financial performance, our ability to license or market our new designs and the performance of those designs, the market for ballasts, and other technological developments in ballasts and lighting in general, which could cause actual results to differ materially from those projected in this release.