BOULDER, Colo., Dec. 8, 2004 (PRIMEZONE) -- Energy Conservation Technologies, Inc. (Econ) (Pink Sheets:ENYC), a Nevada-based corporation originally founded in 2000, has completed the design of a preproduction printed circuit board for its HID electronic ballast for 250 watt high-pressure sodium bulbs and 250 watt metal halide lamps.
Utilizing this preproduction model, beginning the first quarter of 2005, the company plans to install over 50 units in three beta test sites. Colorado will have two beta test sites and one will be in Mexico City, Mexico. The purpose of these beta test sites is primarily for field performance and product life cycle evaluations. Volume productions of this product and mass marketing are anticipated to begin in third quarter of 2005.
The production prototype product confirmed Econ's initial estimates of the costs being very comparable to HID magnetic ballasts, a key factor for competing head on with the half-a-century old magnetic ballast industry. In addition, besides saving approximately 30 to 35 percent of the electrical energy needed to power HID lamps, the preproduction product is approximately 6"x5"x1.7", smaller and lighter than originally predicted. Econ's electronic ballast will weigh 10 times less than HID magnetic ballasts.
About Energy Conservation Technologies, Inc.
Energy Conservation Technologies, Inc. holds a patent for "Control Circuit for power factor corrected electronic ballasts and power supplies," patent No: 6,359,395, granted on March 19, 2002 developed by its founder, Fazle Quazi. The current patent covers 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, reducing ballast weight by a factor of 10 and saving an estimated 35 percent of electrical energy over magnetic ballast usage. Discussions are now in progress with a major lighting manufacturer in Mexico and with a Fortune 500 company regarding licensing our patents and future patent filings.
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 our new designs and the performance of those designs, the market for ballasts, other technological developments in ballasts and lighting in general, which could cause actual results to differ materially from those projected in this release.