Published on www.stockwatch.com.
ECTI sells regenerative
electric motor technology
2007-05-07 16:58 ET -
Mr. Ervin Weisz reports:
ENERGY CONVERSION TECHNOLOGIES INC.: ANNOUNCES NEW REGENERATIVE
AND HYBRID ELECTRIC MOTOR TECHNOLOGY FOR COMMERCIAL
AND INDUSTRIAL APPLICATIONS
Toronto, Ont., May 7,
2007: Mr. Ervin Weisz, President & CEO of Energy Conversion
Technologies Inc. (ECTI), is very pleased to announce
its new Regenerative energy savings and Hybrid electric
power HR-Drive technology for commercial and industrial
electric motor applications.
Mr. Weisz explained that:
" ... ECTI charted its own path in 2002, when it introduced
advanced electric motor technology to replace inverter
based induction motor systems. The HR-Drive technology
builds on the proven capability of ECTI's electric motor
ECTI will initially offer
the HR56C-Drive as a seamless upgrade to the industry
standard 56C type motor/inverter systems. ECTI plans
to offer the HR-Drive technology on its growing family
of products, including door and gate operators sold
through its subsidiary, Gates and Doors Inc. (www.gatesanddoorsinc.com).
Mr. Weisz added, " ..
Over 50% of electric energy is utilized by electric
motors in Western industrialized countries. Recently,
a major political figure in the Canadian government
stated, ' ... one of the best sources of energy is wasted
energy.' The nature of regenerative technology is the
recovery of otherwise wasted energy, which is the basis
for ECTI's green HR-Drive technology."
ECTI's HR-Drive based
products are expected to meet a variety of "green" certification
ECTI manufactures electric
gear-motor and controller systems based on its breakthrough
technology that can reduce both capital and operating
costs of motor systems. Relative to industry standard
products, ECTI's motor system is smaller, generates
higher performance and operates at higher efficiencies.
ECTI's products are being sold to original equipment
manufacturers in Canada and the United States.
For further information
please visit the company's website at www.energyconversiontech.com
or call or write to Ervin Weisz, President and Chief
Executive Officer, Energy Conversion Technologies Inc.,
1271 Denison Street, Markham, Ontario, L3R 4B5, Telephone:
(905) 947-4300, Facsimile: (905) 947-4600, e-mail: firstname.lastname@example.org.
Forward looking statements:
The foregoing press release contains forward-looking
statements including those related to the development
of markets, expected business prospects, future market
and revenue potential, improvements in technology, customer
and supplier relationships, financial prospects; all
of which are subject to important risks and uncertainties.
Actual results could differ materially from those projected
as a result of these risks and should not be relied
upon as a prediction of future events. Factors which
could cause results or events to differ from current
expectations include, but are not limited to, the availability
of funding, existing and future relationships with suppliers
and customers, the results of commercial and technical
development activities, technological risk and uncertainly,
general industry and market conditions, availability
of qualified personnel, and reliance on industry partners.
Energy Conversion Technologies Inc. undertakes no obligation
to update any forward-looking statement to reflect events
or circumstances after the date on which such statement
is made, or to reflect the occurrence of unanticipated