LAS VEGAS--(BUSINESS WIRE)--Power Efficiency Corporation (OTC: PEFF), a clean tech company focused on efficiency technologies for electric motors, announced today that it has been granted a third patent from the U.S. Patent and Trademark Office for another core algorithm incorporated in its revolutionary E-Save Technology® platform. The patent encompasses an open loop control method for controlling electric motors and optimizing their energy use. This control method is particularly targeted at small, single phase motors, such as those found in clothes washers and dryers, as well as many types of light commercial equipment.
“This is yet another very important patent for Power Efficiency,” said Steve Strasser, Chairman and CEO of Power Efficiency Corporation. “This patent is a control algorithm for reducing electricity use by an electric motor when it is lightly loaded, and is particularly useful when our E-Save Technology platform is applied for single phase motors.”
“There are many millions of single phase AC induction motors made every year for appliances, light commercial equipment and agricultural applications. These single phase motors are much less efficient than their larger, three phase counterparts, but with millions of these motors sold every year, there is an enormous opportunity for energy savings.”
“The Company has begun developing a product that integrates its single phase technology directly into a motor, thereby creating an electronically controlled super efficient motor. We believe this product can change single phase motor efficiency on a grand scale because it is a very economical means of reducing energy use by the millions of inefficient single phase motors sold every year.”
The Company has been granted three patents and has one patent pending in the U.S. The Company has also made numerous international patent filings to protect its intellectual property in most major world economies.
Power Efficiency Corporation’s E-Save Technology platform was developed to reduce electric motor energy consumption by matching the power supplied to the motor with its load. Most electric motors are sized for the maximum operating conditions of the equipment it is powering. Most equipment does not operate constantly at its peak potential load, and it is common to see a motor operate at less than 40% of the rated load for significant periods of time. E-Save Technology allows for variation in the load profile and adjusts the amount of energy required to optimize the energy use of the motor. This typically results in energy savings of up to 35% in appropriate applications.
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, control 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, as well as 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 on 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 filings. Power Efficiency assumes no obligation to update the information in this release.