BOULDER, Colo., Jan. 17, 2006 (PRIMEZONE) -- Energy Conservation Technologies, Inc. (Pink Sheets:ENYC), a landmark technology company ("Econ"), announces its primary business goals for January-June, 2006.
"This is an exciting year for our company as we anticipate achieving large-scale commercialization of our proprietary electronic ballast technology," explained Econ Chairman and Director of Engineering, Fazle Quazi. "We have completed our initial R&D and prototype-production stages, which have in every instance performed superbly. The lighting world has long awaited the development of HID electronic ballasts for lighting at a reasonable cost. Our electronic ballasts significantly out-perform the inefficient magnetic HID ballasts now in use -- which rely on technology developed 100 years ago -- and do so at a cost comparable to magnetic ballasts."
"Energy and commodity costs almost certainly will continue to increase," Mr. Quazi continued. "An astonishing amount of the world's power consumption is devoted to lighting. Lighting applications consume an estimated 20% or more of electrical energy produced in the United States, and up to 40% in other countries. The need for energy-efficient lighting will increasingly drive the use of HID (high-intensity discharge) lighting products, due to their ability to generate ten times the amount of light per watt as incandescent bulbs. Our revolutionary ballast will allow customers to reduce their energy usage by 25-35%, in addition to other important features, making it one of the most important green technologies to come along in years."
In addition to applications for higher-wattage HID lamps, Econ's powerful and advanced technological foundations can easily be modified to manufacture electronic ballasts for lower wattage lamps, including the newer 35 watt and 70 watt quartz metal halide lamps that are utilized for indoor uses. These lamps are 3-4 times more energy efficient than the halogen lamps currently used for architectural and display lighting in such common places as restaurants, shopping malls and supermarkets. In addition to providing superior performances and energy savings, Econ electronic ballasts for these lower wattage metal halide lamps are expected to cost much less than competitive ballasts currently available.
Econ's continuing primary business goals for January-June, 2006 are as follows (as these occur, Econ will continue to inform its shareholders and the general public by detailed press releases):
1. Two new patent drafts involving major inventions related to
ballast and power conversions have been submitted to our patent
attorneys, Patton Boggs. These patents are expected to be
formalized and applications to be submitted to the United States
patent office during the first quarter.
2. Further submissions of our products to various government and
regulatory agencies for their approvals will occur now through
March.
3. Large scale beta testing of our 250 watt HID electronic ballasts
for high-pressure sodium (HPS) lamps in actual streetlights in
Colorado, Mexico and Canada is expected to occur during March
through May.
4. Commercialization and manufacturing of Econ's HID electronic
ballast products for commercial ventures will follow once the
beta tests produce data confirming the stringent product
reliability and performance for a period of several months of
testing.
5. Econ management will be attending this year's International
Light Fair in Las Vegas, Nevada during May 30-June 1, continuing
to evaluate competition, market trends and hold discussions with
major lamp and fixture manufacturers that attend this major
annual event in the lighting world.
6. During the second quarter, we expect to begin incorporating our
technology for lower wattage HID lamps in an all-new ballast
prototype series, in particular the 35-watt and 70-watt quartz
metal halide lamps.
About Energy Conservation Technologies, Inc.
Energy Conservation Technologies, Inc. holds patents and has patent pending status for technology developed by its founder, Fazle Quazi. These cover 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, significantly reducing ballast weight and saving an estimated 25 to 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.
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.