BOULDER, Colo., Jan. 25, 2005 (PRIMEZONE) -- Energy Conservation Technologies, Inc. (Pink Sheets:ENYC), a landmark technology company ("Econ"), announces that it has developed a more advanced electronic ballast for high power compact fluorescent (CFL) lamps that are currently being introduced by major lamp manufacturers. These ballasts also provide continuous dimming from 100 percent light down to 10 percent.
In recent months, technological advances by major fluorescent lamp manufacturers have resulted in high power compact fluorescent (CFL) lamps that range from 60 to 120 watts. These CFL require dedicated electronic ballasts for proper operations. Compact fluorescent lamps are approximately 5 times more efficient than incandescent bulbs. As an example, an 80 watt CFL can replace a 400 watt incandescent bulb and in the process, save 320 watts of electrical energy while lasting 10 to 20 times longer.
Econ Chairman and Director of Engineering, Fazle Quazi stated that, "High power compact fluorescent lamps are going to replace higher wattage incandescent bulbs, not only because they save significant amounts of energy, but because they run much cooler and will last much longer. Econ's electronic ballast for the high power CFL are a scaled down version of our HID electronic ballasts. This means these new high power CFL will be able to run even more efficiently using our ballast technology and our new ballast design will be significantly smaller and more efficient and cost less to produce than competing ballast designs for high power CFL."
He further explained, "We are taking advantage of our fully developed HID electronic ballasts. Our ballast technology foundation is broad based and can easily be expanded to many different lamps. Utilizing an advanced feature such as a constant power control, all of our ballasts can also dim lamps continuously. Any desired light level can be precisely maintained over time. Our ballast will allow the high power CFL to be dimmed down to 10 percent of the bulbs light level without sacrificing lamp life. This will save an additional 80 percent of electrical energy. As an example, Econ's high power CFL ballast is much smaller in size compared to the Phillips/Advanced Transformer, now available. Econ's introduction of electronic ballasts for high power CFL's is very timely and should put us in a leadership position. This is very exciting development for Econ and we will be pursuing this aggressively."
Econ's new electronic ballasts for high power CFL will be relatively inexpensive and will allow the ballasts-lamp combination to be purchased at a cost that makes them a competitive alternative to incandescent and certain HID lighting (the lamps used in warehouse and department stores, high ceiling applications, etc.). It's important to note that approximately 20-plus percent of all the energy produced in the United States and up to 40 percent in third world countries are used in lighting applications.
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. Econ has begun development of electronic ballasts for the new high-wattage compact fluorescent bulbs, scaling down its existing designs for this purpose.
Econ is committed to keep its technology on the cutting edge of both the HID electronic ballast world and emerging developments for high power compact electronic fluorescent bulbs that will replace incandescent bulbs and in some cases HID bulbs used for flood lighting, gymnasiums, high ceiling applications and specialty and architectural lighting.
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 license or market our new designs and the performance of those designs, 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.