Power Efficiency Corporation engages in the design, development, marketing, and sale of proprietary solid state electrical components designed to reduce energy consumption in alternating current induction motors. Principal Products and Technology The company has branded patented and patent pending technologies as E-SAVE Technology and has a registered trademark on this name. The company has developed technologies and products for use on three-phase and single-phase motors. Three-phase power and motors are generally found in industrial and commercial buildings for larger applications than single-phase power and motors. Three-Phase Motor Efficiency Controller (MEC) The company markets its Three-Phase MEC to industrial markets, such as recycling, mining, plastics, and manufacturing. Industries that operate equipment, such as conveyor systems, crushing equipment, stamping presses, granulators, grinders, shredders and other motor driven equipment with varying loads, are viable target markets for the Three-Phase MEC. The company is seeking to target markets with appropriate applications and market access, using direct sales, original equipment manufacturers, distributors, and independent representatives to address these markets. Single-Phase Product The company’s single-phase product reduces energy consumption in electric motors by sensing and controlling the amount of energy the motor consumes. Many motors commonly used in home appliances and other consumer goods are single-phase alternating current motors. Marketing and Sales The company targets industrial markets, such as mining, aggregates and plastics. End users of the company’s products include retail chains, hotels, airports, transit systems, and mining, plastics, and manufacturing companies. The company sells products into the elevator and escalator market primarily to and through global original equipment manufacturer resellers. The company has formal supply agreements for North America with ThyssenKrupp, KONE, and with Schindler. Many of these global original equipment manufacturers have their own private label versions of the company’s products. These private label products are made by the company exclusively for a particular original equipment manufacturer. The company also sells to and completes projects with Otis Elevator Company. It also serves IPEG. Patents and Proprietary Rights The company has three U.S. patents issued with respect to its products. The first, Balanced and Synchronized Phase Detector for an alternating current Induction Motor Controller expires in 2017. This patent covers improvements to the technology under the National Aeronautics and Space Administration license agreement which were developed by the company. The second patent, Method, System, and Apparatus for Controlling an Electric Motor expires in 2027. This patent covers the company’s core algorithm for controlling the energy use of a three phase motor. The third patent, Open Loop Method for Controlling Power expires in 2030. This patent covers some the company’s technologies used in controlling the energy use of a three phase motor. The company has obtained U.S. Trademark registration of the E-Save Technology mark. Research and Development In 2011, the company spent $1,110,670 on research and development activities. History Power Efficiency Corporation was incorporated in Delaware in 1994.
power efficiency corp (PEFF:OTC US)
5744 Pacific Center Boulevard
San Diego, CA 92121
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