LAS VEGAS--Power Efficiency Corporation (OTC BB:PEFF), a leading U.S. manufacturer of energy-saving devices using a patented technology for alternating current induction motors, announced the installation of its energy-saving controllers at the Fashion Institute of Technology of the State University of New York (FIT/SUNY).

"These patented energy-saving controllers for alternating current induction motors were installed in virtually all the escalators and elevators at the facility," said Steve Strasser, Chief Executive officer of Power Efficiency Corporation (PEC). Strasser went on to say that the controller can produce savings of up to 45 percent while extending the motor and equipment life.

PEC controllers allocate power in direct proportion to the required workload, eliminating wasted energy. By reducing horsepower output, the system also keeps motor temperatures low, extending motor life and energy efficiency.

In June 2001, Governor George E. Pataki issued Executive Order 111 directing State facilities, which includes campuses of SUNY, to reduce energy use by 35 percent by 2010, so they would be more energy-efficient and environmentally sound. FIT/SUNY is participating in the Governor's initiative with a series of projects including this installation financed through a program provided by the New York Power Authority (NYPA) to its customers for implementing energy-saving projects. NYPA will recover its costs by sharing in the energy savings with FIT/SUNY during the initial years of the installation's operation, after which FIT/SUNY will keep all energy savings.

To date, NYPA has undertaken more than 1,400 energy-efficiency projects statewide at about 2,300 facilities. They've led to annual energy savings at tax-supported, public facilities of more than $92 million, the lowering of electricity use by about 192,000 kilowatts, and reduction of greenhouse gas emissions by about 705,000 tons. The Power Authority, the nation's largest state-owned electric utility, owns and operates 17 power plants and more than 1,400 circuit miles of transmission lines in various parts of the state. Its customers include, among others, state government agencies such as SUNY.