September 29 , 2009

Power Efficiency Corporation Insiders Purchase Additional Shares

Recent Insider Purchases Total $500,000

Las Vegas, NV – (BUSINESS WIRE) – Power Efficiency Corporation (OTCBB: PEFF.OB), ), a clean tech company focused on efficiency technologies for electric motors, announced that six key insiders have recently purchased approximately $500,000 worth of the Company’s stock through open market purchases, private purchases from an existing shareholder, and through the Company’s recently announced unit offering.

These insiders include the Company’s CEO, COO, CFO, SVP of Product Development, VP of Business Development, and one outside director. To date, the six insiders have purchased a total of 600,000 common shares, 12,750 preferred shares (convertible into 1,275,000 common shares) and 737,853 warrants.   The common and preferred shares, on an as converted basis, constitute approximately 3.3% of the outstanding shares of the Company.

“Power Efficiency is poised to execute on its business plan to become a global leader in providing energy efficiency technologies for electric motors, and we believe the Company is about to enter a strong growth phase,” says Steven Strasser, Chairman and CEO, who alone purchased $340,000 worth of shares. "We firmly believe there is no stronger statement of our confidence in the Company than the purchase of shares.”

Mr. Strasser continues, “It is our opinion that the value of our recent OEM agreements has not yet been reflected in our share price, therefore, we view this large block purchase to be a sign that our shares are a very attractive investment.”

For more news and information on Power Efficiency Corporation, please visit www.IRGnews.com/coi/PEFF where you can find the CEO’s video, a fact sheet on the Company, investor presentations, and more.

About Power Efficiency Corporation
Power Efficiency Corporation is a clean tech company focused on efficiency technologies for electric motors. Power Efficiency is incorporated in Delaware and is headquartered in Las Vegas, Nevada. The Company has developed a patented and patent-pending technology platform, called E-Save Technology, which has been demonstrated in independent testing to improve the efficiency of electric motors by up to 35% in appropriate applications. Electric motors consume over 25% of the electricity in the U.S. and many operate inefficiently. E-Save Technology can be licensed to motor, controls and equipment manufacturers. Power Efficiency’s products, based on E-Save Technology, include an Industrial Motor Efficiency Controller for three phase applications, such as escalators, crushers, granulators, mixers, saws and MG elevators, and a new Appliance Motor Efficiency Controller for small single phase applications such as residential and light commercial appliances. For more information, go to www.powerefficiency.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 SEC filing. Power Efficiency assumes no obligation to update the information in this release.

Contact for Power Efficiency Corporation:
BJ Lackland
Chief Financial Officer
(702) 697-0377
 
Contacts for The Investor Relations Group:
Investor Relations: Jason Strominger or Michael Crawford
Media Relations:  Mike Graff
(212) 825-3210