Wall Street News Alert's U.S. Hot Stock Highlights! December 13,

   Wall Street News Alert's U.S. Hot Stock Highlights! December
                             13, 2004

WESTON, Fla., Dec. 13, 2004 (PRIMEZONE) -- Wall Street News Alert's
"stocks to watch" this morning are: Energy Conservation Technologies,
Inc. (Pink Sheets:ENYC), EntreMed Incorporated (Nasdaq:ENMD), Hovnanian
Enterprises (NYSE:HOV) and Tripath Technology Inc. (Nasdaq:TRPH). 
Aggressive investors and traders need to focus their attention on
Energy Conservation Technologies, Inc. (Pink Sheets:ENYC) this morning!
Friday after the markets closed, the company issued a press release
announcing that it's initiating commercialization of its HID Electronic
This could be good news for investors! The company will be meeting with
the National Mexican Power Authority (NMPA) and a well-established
ballast manufacturer in Mexico City, Mexico, this week. The trip is a
key part of the company's strategy to launch this revolutionary
electronic HID ballast technology! 
The Mexico City trip is the follow-up to licensing talks held over the
past year. The trip's purpose is two-fold. First, Econ will present its
new production-ready HID electronic ballast prototype to NMPA and the
Mexican manufacturer, which will test and evaluate the ballast. This
ballast, substantially smaller, lighter and more energy-efficient than
conventional magnetic ballast designs, is designed for the 250-watt
high-pressure sodium and metal halide lamps in wide use in Mexico and
around the world in streetlight and high ceiling applications. Econ and
the manufacturer also expect during the meeting to negotiate and sign a
letter of intent outlining a license of the Econ technology for the
Mexican market. 
Keep your eyes open for future developments! Fazle Quazi, Econ's
Chairman and Director of Engineering, said that, "This Mexican trip is
a key part of our master strategy to launch this revolutionary
electronic HID ballast technology. Once the Mexican license is
completed, our next step will be to license the technology to a major
lighting manufacturer for U.S. production, following which we will
concentrate on European and Asian markets." Mr. Quazi added that,
"Based on my decade long and productive relationship with the Mexican
ballast manufacturer and the excellent laboratory test results of our
electronic HID ballast, both Econ and the manufacturer are confident of
signing a letter of intent outlining a licensing deal as a prelude to
executing a definitive licensing agreement early next year." 
Upon signing of a definitive licensing agreement, Econ would expect to
receive a significant technology transfer fee, as well as substantial
ongoing production royalties of several million dollars over 2-3 years
just from the Mexican market. 
The Mexican market for Econ's electronic HID ballasts is large, with
over 1,000,000 needed for Mexico City alone. Econ estimates that
replacing existing magnetic ballasts for those lights with the new Econ
electronic ballasts will save US$52,000,000 in energy costs annually
just in Mexico City, in the process saving over 50 million watts of
energy every day. Another plus is that lab tests have shown the Econ
HID electronic ballast capable of handling the considerable power
fluctuations common throughout Mexico, a vital capability for any
ballast intended for Mexican installation. Based on energy savings
alone, Econ's ballast will pay for itself in less than a year. 
For more in-depth coverage of ENYC, visit 
The stock closed Friday over thirty-two cents a share. 
In case you are not familiar with the company: Energy Conservation
Technologies, Inc. holds a patent for "Control Circuit for power factor
corrected electronic ballasts and power supplies," patent No:
6,359,395, granted on March 19, 2002 developed by its founder, Fazle
Quazi. The current patent covers power factor corrections and
controlling energy into bulbs and power supplies such as: computer
servers, copy machines, compact fluorescent lamps, power supplies to
the telecom industry, inverters used to convert DC power to AC power
(120 Volts), automobiles specialty lighting, solar and wind power
generators, and fuel cells. 
New patent applications involving the lighting industry are now being
drafted after extensive testing. These new designs will revolutionize
the HID lighting industry, annually a $2 billion dollar market in the
United States and over $10 billion on an international basis. Econ's
HID electronic ballasts will be available at costs comparable to
magnetic ballasts, reducing ballast weight by a factor of 10 and saving
an estimated 35 percent of electrical energy over magnetic ballast
According to the press release, discussions are now in progress with a
major lighting manufacturer in Mexico and with a Fortune 500 company
regarding licensing our patents and future patent filings. 
Stocks showing interesting activity yesterday at the close of the
regular trading day were: EntreMed Inc. (Nasdaq:ENMD) up 25% on 6.7
million shares traded, Hovnanian Enterprises (NYSE:HOV) up 10.1% on 3.2
million shares traded and Tripath Technology Inc. (Nasdaq:TRPH) up
19.5% on 2.7 million shares traded. 
"The dollar has lost more than 30 percent of its value against the euro
over the last three years, and recently dipped to new lows. It has
recovered somewhat from several weeks of selling, and was trading at
$1.32 against the euro late Friday, but still remains quite weak,"
stated Sonja Rudd in Wall Street News Alert's daily commentary
continued at: http://www.WallStreetNewsAlert.com. 
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-0- Dec/13/2004 14:10 GMT
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