Boston Logan International Airport Saves Energy on Moving Walks in Project with KONE Inc. and Power Efficiency Corporation

April 23, 2009

The KONE EcoStart(R), Made by Power Efficiency Corporation Exclusively for KONE, Installed on 20 Moving Walks LAS VEGAS--(BUSINESS WIRE)--Power Efficiency Corporation (OTCBB:PEFF), a clean tech company focused on efficiency technologies for electric motors, announced today that KONE Inc. (OMX: KNEBV), one of the world's leading elevator and escalator companies, installed the KONE EcoStart(R) on 20 moving walks at Boston Logan International Airport. In 2008, Logan Airport served 26.1 million passengers. The KONE EcoStart is a unique motor efficiency controller that soft starts an electric motor, bringing it from rest to full speed. Once it is at full speed, the EcoStart monitors the motor and improves its efficiency when operating. By conserving energy, the EcoStart supports the building's sustainability programs and contributes to environmental protection efforts. EcoStart is manufactured by Power Efficiency Corporation exclusively for KONE under private label. Test results at Logan Airport indicate the 24 EcoStarts will save approximately 60,000 kilowatt-hours (kWh) per year. Logan Airport is also considering installing EcoStart on the escalators at the airport, which will enable the airport to save significantly more energy. Vance Tang, KONE EVP and Area Director for the Americas, commented, "The EcoStart installations at Logan Airport are a great example of KONE's commitment to partner with our customers and suppliers to save energy, reduce emissions and eliminate waste. The EcoStart makes good business and environmental sense for the airport and the entire Boston community." Steven Strasser, Chairman and CEO of Power Efficiency Corporation, said, "We are pleased to work with KONE and Logan Airport on this EcoStart energy saving project. By working with KONE, our highly integrated and easily installed products make the EcoStart well suited to address the complex energy savings requirements of major transportation hubs like the airport."

More