BOULDER, Colo., March 2, 2005 (PRIMEZONE) -- Energy Conservation Technologies, Inc. (Pink Sheets:ENYC), a landmark technology company ("Econ"), met with the Mexican Power Authority (MPA) and a ballast manufacturer in Mexico City, Mexico, during a recent visit.
The MPA is one of two testing facilities in Mexico designed for the testing of lamps and ballasts to be used in Mexico. The Government of Mexico uses the results of its testing to choose and utilize lamps and ballasts for usage throughout the country that meet the standards of the MPA. Mexican Power Authority approvals of products are the most important steps before any new technology can be commercialized in Mexico.
During the recent visit to Mexico City, Mr. Fazle Quazi, chairman of Econ, personally presented its 250-watt HID ballast to Mexican Power Authority Laboratory for testing and evaluations. A preliminary test result was very favorable and in compliance and thus, Econ is confident of getting formal approvals in a relatively short period of time. Econ's next step is to submit a required number of ballast samples for formal evaluations and approvals by the MPA Lab.
In addition, over the past few months, Econ has been conducting extensive business discussions with a reputable Mexican ballast manufacturer in Mexico City, Mexico for licensing and manufacturing its HID electronic ballasts. Discussions are proceeding favorably. During this approval period, the Mexican ballast manufacturer and Econ will continue to develop a detailed manufacturing and marketing plan for HID electronic ballasts in Mexico.
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 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. Econ has begun development of electronic ballasts for the new high-wattage compact fluorescent bulbs, scaling down its existing designs for this purpose.
Econ is committed to keep its technology on the cutting edge of both the HID electronic ballast world and emerging developments for high power compact electronic fluorescent bulbs that will replace incandescent bulbs and in some cases HID bulbs used for flood lighting, gymnasiums, high ceiling applications and specialty and architectural lighting.
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.