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PEC Press Articles

October 3 , 2006

Power Efficiency Corp. Announces Successful Trials of New Energy Efficiency Technology Targeting Motors in Appliances and Light Commercial and Industrial Equipment

New Digital Technology Achieves Over 30% Energy Savings; New Provisional Patent Filing Anticipated

LAS VEGAS--(MARKETWIRE)---Power Efficiency Corporation (OTCBB: PEFF), a developer and manufacturer of advanced energy savings technologies for electric motors, today announced it has successfully completed internal tests of a new microprocessor-based technology for reducing the amount of electricity used by single phase alternating current induction motors. These motors are typically found in home appliances, shop tools, and light commercial and industrial equipment. These motors waste electricity when they are lightly loaded.
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August 24 , 2006

Power Efficiency Corporation Announces Successful Test of Energy Savings Technology on Stamping Press at Check-Mate Industries

Successful Test Helps Pave Way for Industrial Sales, Shows 23% Energy Savings

LAS VEGAS--(MARKETWIRE)---Power Efficiency Corporation (OTCBB: PEFF), a developer and manufacturer of advanced energy savings technologies for electric motors, today announced that it completed a successful test of its Power Genius™ product on a metal stamping press at Check-Mate Industries. The test was performed on a 10 horsepower motor powering a 60 ton stamping press producing handgun magazines.
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August 23 , 2006

Power Efficiency Corporation Announces Dean Finkenberg Hired as VP of Business Development

Experienced Executive to Lead Company’s Development of Strategic Marketing Relationships

LAS VEGAS, NEVADA--(MARKETWIRE)---Power Efficiency Corporation (OTCBB: PEFF), a developer and manufacturer of advanced energy savings technologies for electric motors, today announced that Dean Finkenberg has joined the Company as its Vice President of Business Development. Mr. Finkenberg will be responsible for developing strategic marketing relationships, building sales distribution channels, negotiating licensing agreements, and developing further relationships with original equipment manufacturers.
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August 14 , 2006

Power Efficiency Corporation Reports Second Quarter Results and Summarizes Corporate Milestones Met and Future Plans

LAS VEGAS--(MARKETWIRE)---August 14, 2006—Power Efficiency Corporation (OTCBB: PEFF), a developer and manufacturer of advanced energy savings technologies for electric motors, today announced its second quarter results of operations, milestones and corporate focus over coming quarters.
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August 8 , 2006

Power Efficiency Corporation Announces Successful Test of Energy Savings Technology at a World-Renowned Casino Hotel on the Las Vegas Strip

Nevada Power Company Verifies 40% Average Energy Savings as Part of Power Efficiency’s Ongoing Initiative Targeting the Las Vegas Hospitality Industry

LAS VEGAS--(BUSINESS WIRE)---Power Efficiency Corporation (OTCBB: PEFF), a developer and manufacturer of advanced energy savings technologies for electric motors, today announced that it completed successful tests of its Power Genius™ product on two escalators at one of the most prestigious hotels in the world. The test results were confirmed by Paragon Consulting Services, a consultancy specializing in measurement and verification that was hired on behalf of Nevada Power Company.
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July 31 , 2006

Power Efficiency Corporation Joins Leading Motor, Motor Drive and Appliance Manufacturers in Prestigious Motor and Electronics Research Consortium

Wisconsin Electric Machines and Power Electronics Consortium (WEMPEC) Leaders Praise Power Efficiency Focus in Technical Review

LAS VEGAS--(MARKETWIRE)---Power Efficiency Corporation (OTCBB: PEFF), a developer and manufacturer of advanced energy savings technologies for electric motors, today announced it has joined a leading national consortium for the advancement of power electronics, including advanced motor and motor drive technologies.
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June 26 , 2006

Power Efficiency Corporation Reaches Technical Milestone

Company Finishes Development of Prototype Digital Power Controller Based on Patent Pending Technology. Forms Basis for Future Products in Industrial and Appliance Installations

LAS VEGAS--(BUSINESS WIRE)---Power Efficiency Corporation (OTCBB: PEFF), a developer and manufacturer of advanced energy savings technologies for electric motors, today announced it has successfully completed development of a prototype digital power controller based on its new proprietary software- and microchip-based technology. The prototype successfully reduces the current and voltage supplied to a single phase motor, similar to those found in many appliances and light commercial equipment. The controller also soft starts the motor, bringing it from rest to full speed in a gradual manner.
» Read more...

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June 15 , 2006

Power Efficiency Corporation Announces Sales Order from KONE Inc. for Installation at Columbus International Airport

KONE Inc. and Power Efficiency to Provide Airport Improved Energy Efficiency for Escalators

LAS VEGAS--(BUSINESS WIRE)---Power Efficiency Corporation (OTCBB: PEFF), a developer and manufacturer of advanced energy savings technologies for electric motors, today announced that it has received an order for EcoStart® units by KONE Inc. for installation at the Port Columbus International Airport.
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June 12 , 2006

Power Efficiency Corporation Files Provisional Patent on New Digital Technology

New Patent Filing Establishes Intellectual Property Rights on Key Energy Efficiency Technology

LAS VEGAS--(BUSINESS WIRE)---Power Efficiency Corporation (OTCBB: PEFF), a developer and manufacturer of advanced energy savings technologies for electric motors, today announced it has filed a provisional patent on its new digital technology for reducing energy consumption by electric motors operating at constant speed.
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June 9 , 2006

Power Efficiency Corporation Announces Successful Tests at Stratosphere Casino Hotel and Tower

Energy Savings Average 29.6% on Two Escalators in Latest Test of Energy Saving Technology

LAS VEGAS--(BUSINESS WIRE)---Power Efficiency Corporation (OTCBB: PEFF), a developer and manufacturer of advanced energy savings technologies for electric motors, today announced that it completed successful tests on two escalators at the Stratosphere Casino Hotel and Tower, one of the most recognizable properties on the Las Vegas Strip. The Stratosphere Casino Hotel and Tower is part of the American Casino & Entertainment Properties family of casinos.
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May 31, 2006

Power Efficiency Corporation Announces $500,000 Increase in Convertible Debt Financing
LAS VEGAS--(BUSINESS WIRE)---Power Efficiency Corporation (OTCBB: PEFF), a developer and manufacturer of advanced energy savings technologies for electric motors, today announced that it has increased the $1 million convertible debt financing to $1.5 million. The Company’s Chairman and CEO, Steven Strasser, provided half this total through a $750,000 commitment.
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May 19, 2006

Power Efficiency Corporation Appoints Two Experienced Executives to Board of Directors
Power Efficiency Corporation, a developer and manufacturer of advanced energy savings technologies for electric motors, today announced that George Boyadjieff and Dr. Douglas Dunn have been appointed to the Company's Board of Directors.
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May 17, 2006

Power Efficiency Corporation Announces Successful Tests at Boyd Gaming Corporation's Sam's Town Las Vegas
Power Efficiency Corporation, a developer and manufacturer of advanced energy savings technologies for electric motors, today announced that it completed successful tests on two escalators at the Sam's Town Las Vegas, one of the flagship properties of Boyd Gaming Corporation.
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May 4, 2006

Power Efficiency Corporation's Energy Saving Technology Launched in Major Las Vegas Casino
Power Efficiency Corporation, a developer and manufacturer of advanced energy savings technologies for electric motors, announced today that tests conducted on its new technology installed at a major Las Vegas casino showed significant energy savings.
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April 24, 2006

Power Efficiency Corporation Announces Addition to Management Team and Board of Directors
Power Efficiency Corporation, a developer and manufacturer of advanced energy savings technologies for electric motors, today announced that Rob Murray has joined the Company as its Executive Vice President and Chief Operating Officer of the Company. In conjunction with the announcement, Mr. Murray was also elected to the Company's Board of Directors.
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April 24, 2006

Power Efficiency Corporation Announces $1 Million Financing
Power Efficiency Corporation, a developer and manufacturer of advanced energy savings technologies for electric motors, today announced that it has entered into a $1 million convertible debt financing, with half of the funding coming from the Company's Chairman and CEO, Steven Strasser, and the balance coming from accredited investors.
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April 20, 2006

Power Efficiency Corporation Announces Significant Energy Savings in Test of Technology at New York Facility
Power Efficiency Corporation, a developer and manufacturer of advanced energy savings technologies for electric motors, today announced successful results of a test conducted on an Otis Elevator Company installation at a facility in New York. Otis Elevator is the largest service provider of elevators and escalators in the world.
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March 31, 2006

Power Efficiency Corporation Announces 2005 Annual Results and Goals for 2006
Power Efficiency Corporation, a developer and manufacturer of advanced energy savings technologies for electric motors, today announced results for its year ended December 31, 2005. Revenue was $276,000 resulting in a net loss of $2.57 million.
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January 17, 2006

Michael Varney Named Vice President of Sales and Marketing
Power Efficiency Corporation, a developer and manufacturer of advanced energy savings technologies for electric motors, announced today that Michael Varney has been named to the position of vice president of sales and marketing for Power Efficiency Corp. (PEC) in Las Vegas. Mr. Varney was previously the vice president of marketing at the Las Vegas Chamber of Commerce for almost nine years.
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January 17, 2006

Power Efficiency Corporation's Energy Saving Controllers Installed at New York's Fashion Institute of Technology
Power Efficiency Corporation, 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).
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January 12, 2006

KONE and Power Efficiency Launch Program to Market the EcoStart(TM) Energy Saving Soft Start to Leading Retail Chains, Hotels, Airports and Hospitals
Power Efficiency Corporation, a developer and manufacturer of advanced energy savings technologies for electric motors, and KONE Inc, one of the world's leading elevator and escalator manufacturers and service providers, have begun a joint effort to market the EcoStart(TM) energy saving soft starter to end users, including KONE's client base of leading retail chains, hotels, airports, hospitals, etc. As part of this new initiative, the EcoStart(TM) has been installed in escalators at several Saks 5th Avenue stores.
» Read more...
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December 6, 2005

Eric Naroian, Former Executive Vice President of Sanmina-SCI Corporation, Named to Power Efficiency Corporation Board of Directors
Power Efficiency Corporation, a developer and manufacturer of advanced energy savings technologies for electric motors, today announced that it has appointed Eric Naroian, former Executive Vice President of Sales and Marketing for Sanmina-SCI Corporation, to its Board of Directors.
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November 3, 2005

Power Efficiency Corporation Enters the Mexican Market With Its First Sale to One of the Largest Hotel Chains in the Country
Power Efficiency Corporation, a developer of advanced energy-saving technologies for alternating current induction motors, announced today they sold products to Grupo Posadas S.A. de C.V., the parent of the popular Fiesta Americana Hotels, to be used on elevators and escalators in several of their properties.
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"We are very happy with the product. It saves the airport approximately 30% on...

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