BOULDER, Colo., Aug. 11, 2008 (PRIME NEWSWIRE) -- Energy Conservation Technologies, Inc. (Pink Sheets:ENYC) is a Boulder, Colorado-based company focused on developing and marketing affordable energy-conserving products.
Since February 2007, Energy Conservation Technologies (ECT) has installed and monitored its electronic ballasts for high-intensity gas discharge (HID) lamps in several North American cities. All test installations continue to be fully operational. "We have proven that our electronic ballasts can reliably operate and survive in a real-world environment. Whether it is the wide voltage fluctuations that Mexico City routinely experiences or the snow and Chinook windstorms of Boulder, Colorado, our ballasts can withstand these extremes," said Fazle Quazi, Director of Engineering. ECT is now ready for the large-scale manufacturing of its ballasts.
ECT management is working with a California-based investment banker to raise $2 million in equity financing in order to initiate a strong marketing and sales campaign for its electronic HID ballasts. The company is also revamping its website in order to increase its visibility within its target market. This website will also include a newly-designed company logo capturing the energy conservation theme as well as an innovative slogan, "...lighting the way to conservation."
About Energy Conservation Technologies, Inc. (www.econpower.com)
ECT holds patents and has patent-pending status for energy-saving technologies invented and developed by its founder, Fazle Quazi. Over the past 20 years, Quazi has generated 16 national and international patents. He also pioneered fluorescent dimming electronic ballasts in the late eighties and is one of the world's leading power-conversion engineers.
ECT is located in Boulder, Colorado. ECT's energy-saving products and technology applications include dimming and non-dimming electronic ballasts for high-intensity discharge (HID) and fluorescent lamps, as well as inverters for wind generators, solar panels and fuel cells. The annual market for each of these products is projected to be in the billions of dollars.
At present, the primary focus of ECT is to expand its manufacturing operation and to market its HID electronic ballasts. HID lamps are used for large area illuminations such as streetlights, parking garages, airports, shopping malls, and convention halls. ECT's electronic HID ballasts save as much as 50% energy, improve lumen maintenance, increase lamp life, reduce light pollution, and provide better visibility. In new installations, average payback can be as little as 6 months, with significant ongoing cash flow each year afterward.
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 market or license our products, 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.