TULSA, Okla., May 23, 2007 (PRIME NEWSWIRE) -- Efficiency Technologies, Inc., (EffTec), a wholly-owned subsidiary of American Resource Management, Inc. (Pink Sheets:ARRM), has signed an exclusive Master License Agreement with EffTec-Australia for the promotion and sale of EffTrack chiller monitoring and diagnostic software service in Australia and the Asian Pacific Rim.
The Australian chiller market is dominated by contract chiller service companies who regularly maintain chillers. The EffTrack software system will allow service companies to web monitor contracted chillers from one location and rapidly respond to chiller inefficiencies when the EffTrack system alerts them to operational problems.
The EffTec-Australia chiller market is driven by the demand for energy conservation, the reduction in green house gas emissions, and the scarcity of water resources.
The Asian Pacific Rim is one of the fastest growing population regions on the globe. Subtropical climate requires continuous chiller operations and when coupled with high energy costs (electricity costs are greater than .20 per KWH), make chillers the major consumer of electricity in the dense population centers and resort areas of the Asian Pacific Rim region.
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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 with energy savings ranging from 10 to 30 percent on their chiller operations. These savings are identified and measured in the EffTrack reports.
ARRM 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.