BOULDER, Colo., Aug. 8, 2007 (PRIME NEWSWIRE) -- Energy Conservation Technologies, Inc. (ECTI), a landmark technology company (Pink Sheets:ENYC), will begin the volume manufacturing of its energy-saving electronic ballasts for high-intensity discharge (HID) lamps for sale in the North American market on September 10, 2007.
ECTI will initially focus its sales efforts on the outdoor and streetlight markets. In North America, there are approximately 150 million outdoor light fixtures that need to be upgraded to electronic HID ballasts. ECTI's electronic ballasts will reduce operating costs as much as $70 per year per light fixture. ECTI products are not only technologically superior but also cost competitive with the other available electronic HID ballasts.
ECTI is well positioned to fulfill the needs of the emerging HID electronic ballast market and projects a combined licensee/partnership sales of $150 million dollars per year by 2012. In order to fund anticipated manufacturing and sales growth, the company is currently pursuing several avenues to secure additional investment capital.
ECTI's patented electronic HID ballasts cut energy use by as much as 50%, reduce maintenance costs and provide superior light for enhanced visibility. Since January 2007, ECTI has manufactured products for test installations in the streetlights of several North American cities in order to collect product-performance and reliability data. "The results exceeded our expectations. We are now ready to expand our manufacturing and generate revenue," said Fazle Quazi, Chairman of the Board and President of ECTI. He further stated, "This is a very exciting time for our company and our shareholders. We anticipate strong sales growth as global demands for energy-saving products continue to rise."
About Energy Conservation Technologies, Inc. (www.econpower.com)
ECTI, also known as "Econ," holds patents and has patent-pending status for the energy-saving technologies invented and developed by its founder, Fazle Quazi. Since 1986, Quazi generated 16 national and international patents. He also pioneered fluorescent dimming electronic ballasts in the late eighties and is one of the world's leading power-conversion engineers.
ECTI is located in Boulder, Colorado. ECTI's energy-saving products and technology applications include electronic ballasts for high-intensity discharge (HID) and fluorescent lamps, as well as inverters for wind generators, solar panels and fuel cells. The annual market for each of these products is projected to be in billions.
At present, the primary focus of ECTI is to expand its manufacturing operation and to market its HID electronic ballasts. HID lamps are used for large area illuminations such as streetlights, parking garages, airports, shopping malls and convention halls. ECTI's electronic HID ballast line consists of ballasts for 20W-400W high-pressure sodium, ceramic, and pulse start metal halide lamps.
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 market or license our products, 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.