TULSA, Okla., July 13, 2006 (PRIMEZONE) -- Efficiency Technologies, Inc., (EffTec), a wholly-owned subsidiary of American Resource Management, Inc. (Pink Sheets:ARMM), announces its first contract of the EffTrack(tm) web-based software service with a Fortune 500, S&P 100 international healthcare company.
This is an initial installation into one of over 50 facilities operated worldwide and will be tested to confirm the effectiveness of EffTrack(tm) services at improving centrifugal chiller performance and reducing energy consumption. On average, the implementation of the EffTrack(tm) system can reduce energy costs associated with chillers by over 15%.
"It is our hope that once the EffTrack(tm) efficiency results are confirmed, that we will begin negotiating for the installation of EffTrack(tm) into all their locations," stated Don Clark, President of EffTec.
Chillers are the single largest energy consumer in most facilities and typically account for up to 35% of the electrical power use. The U.S. Department of Energy estimates that chillers waste up to 30% additional energy through inefficiency.
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About Efficiency Technologies, Inc.
EffTrack collects, stores, and analyzes chiller operating data to determine performance, diagnose causes of inefficiency, and recommend corrective action. The EffTrack monitoring service notifies plant contacts if problems occur. Plant operators and facility managers can review the hourly updated information by logging in to EffTrack from any computer with internet access. By following the EffTrack recommendations for improvement, plant operators can significantly lower the chiller kW/Ton and plant kWh consumption. These savings are identified and measured in the EffTrack reports.
ARMM is an energy resource based holding company located in Tulsa, Oklahoma.
Forward-looking statements in this release are made pursuant to the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to certain risks, and uncertainties and actual results could differ from those discussed. This material is information only and is not an offer or solicitation to buy or sell the securities.