BOULDER, Colo., Dec. 3, 2007 (PRIME NEWSWIRE) -- Energy Conservation Technologies, Inc. (Pink Sheets:ENYC), in collaboration with the Yreka Mayor's Office and the Yreka Department of Public Works, recently installed its energy-saving electronic ballasts for 250W high-pressure sodium (HPS) lamps in the cobra-head streetlights in two sections of the city of Yreka, California. Cobra-head light fixtures are the most common in the United States for city and highway lighting.
Click on the link to see the photos of the Yreka, California installation sites. http://media.primezone.com/cache/4042/file/5006.html
Fazle Quazi, Chairman of Energy Conservation Technology (ECTI) stated, "These are very important installations for our product and business. Each and every day tens of millions of cobra-head light fixtures illuminate our streets and parking lots. We believe that we are the first in the nation to successfully retrofit 250W HPS low-frequency electronic ballasts into cobra-head roadway fixtures. This is an extraordinary achievement for our company. We strongly believe that these installations will soon lead to substantial sales of our ballasts in the vast outdoor retrofit market."
High Intensity Discharge (HID) lamps, such as high-pressure sodium and metal halide are used for large area illumination. Since February of 2007, ECTI has installed its HID electronic ballasts in several other North American cities. Based on actual energy savings data collected over a period of six months, the Company estimates that each 250W cobra-head retrofit will save at least 220 kWh energy per year and will reduce maintenance costs by one-third. In other words, these savings will reduce the operating costs of each light pole by at least $50 per year. The Company further estimates that over 440 lbs in greenhouse gas reductions per light pole per year.
Unlike its competitors, ECTI HID electronic ballasts offer two major advantages - simple retrofit to existing light fixtures and costs that are comparable to the magnetic ballasts. ECTI estimates that the average payback in retrofit applications is less than two years, and for new installations, it is less than one year. These attractive payback periods as well as the increasing demand for energy-efficient lighting products are expected to create strong markets for ECTI ballasts in the coming years. The Company projects its annual sales to exceed $150 million by 2012.
About Energy Conservation Technologies, Inc. (www.econpower.com)
ECTI holds patents and has patent-pending status for energy-saving technologies invented and developed by its founder, Fazle Quazi. Over the past 20 years, Quazi has 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 dimming and non-dimming 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 ballasts save as much as 50% energy, improve lumen maintenance, increase lamp life, reduce light pollution and provide better visibility. 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.