December 20, 2006
Power Efficiency Corporation Adds Yahia Baghzouz, Ph.D., P.E. as Technical Advisor
Recognized Leader in Electric Motor Technologies Strengthens Company’s Technical Capabilities
LAS VEGAS--(BUSINESSWIRE)---December 20, 2006—Power Efficiency Corporation (OTCBB: PEFF), a developer and marketer of advanced energy savings technologies for electric motors, today announced that Yahia Baghzouz Ph.D., P.E. has joined the Company as a Technical Advisor. Mr. Bagzhouz will assist the Company on product and technology development.
Dr. Bagzhouz is a recognized leader in electric motor systems and drives. He is a professor of electrical engineering at the University of Nevada, Las Vegas and is the Co-Director of the UNLV Center for Energy Research. Dr. Baghzouz has over 125 published articles on power quality, machine modeling, and drives for electric motor control technology.
“I look forward to working closely with Power Efficiency on further developments to their energy saving technology. The Company’s technologies and products attack a major inefficiency inherent to electric motors and can play an important role in solving our country’s energy needs,” said Dr. Baghzouz.
”We are extremely honored to have Dr. Baghzouz as a technical advisor to our company. His expertise and knowledge will enhance Power Efficiency’s ability to create the most effective technologies for electric motors,” said Steven Strasser, the Company’s Chairman and CEO.
Dr. Baghzouz holds a B.S., M.S., and a Ph.D. in electrical engineering, all from Louisiana State University. His areas of interest include electrical power systems, electric motors, power quality, power conversion, electric hybrid power conversion, electric hybrid vehicles, and renewable energy. Dr. Baghzouz is the Co-Director of The Center for Energy Research, a focus area for research, information exchange, and education in energy topics. Issues of interest include topics such as conventional power generation systems, energy conservation devices and systems, renewable energy technologies, and environmental control issues for energy systems. Dr. Bagzhouz’s knowledge and skills have been applied to a number of projects sponsored by notable companies such as Louisiana Power and Light, Gulf-States Utilities, Western Area Power Administration, Cray Research Inc., Nevada Power Company, and Loudon Engineering Company, to name a few. He is a senior member of the Institute of Electrical and Electronics Engineers (IEEE) and is a registered Professional Engineer in the State of Nevada.
About Power Efficiency Corporation
Power Efficiency Corporation develops and markets advanced energy saving technologies for electric motors. The Company’s first product is an energy saving soft start. The product gradually brings an electric motor from rest to full speed. Once at full speed, the Company’s patented technology works like cruise control for a car; it delivers the motor just enough electricity to maintain a constant operating speed, whether the motor is heavily or lightly loaded. The technology saves energy on motors found in applications such as escalators, elevators, grinders, granulators, mixers, saw mills and more. Energy savings from these controllers are typically 20-40%. The controllers also reduce the operating heat of the motor, producing significant motor life extension and downtime reduction benefits. Power Efficiency’s products are CE Marked and CSA certified. The Company is also developing products to reduce the amount of electricity used by appliances and light commercial equipment, such as refrigerators, residential air conditioning and shop tools. For more information visit www.powerefficiencycorp.com
As a cautionary note to investors, certain matters discussed in this press release may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such matters involve risks and uncertainties that may cause actual results to differ materially, including the following: changes in economic conditions; general competitive factors; acceptance of the Company's products in the market; the Company's success in technology and product development; the Company's ability to execute its business model and strategic plans; and all the risks and related information described from time to time in the Company's SEC filings, including the financial statements and related information contained in the Company’s 2005 Annual Report. Power Efficiency assumes no obligation to update the information in this release.
Contact:
B.J. Lackland, CFO
Christine Toledo, Media Contact
702-697-0377
