E-Save Technology® Installed at the U.S. Capitol Visitor Center to Save Energy

April 21, 2010

The KONE EcoStart® with Power Efficiency’s E-Save Technology® Installed at the U.S. Capitol Visitor Center to Save Energy

Power Efficiency to Demonstrate E-Save Technology in U.S. Capitol Earth Day Showcase

LAS VEGAS–(BUSINESS WIRE)–Power Efficiency Corporation (OTCBB: PEFF), a clean tech company focused on energy efficiency technologies for electric motors, and KONE Inc. (OMX: KNEBV), one of the world’s leading elevator and escalator companies, today announced that KONE has installed its EcoStart®, which incorporates Power Efficiency’s E-Save Technology®, on escalators at the U.S. Capitol Visitor Center.

Power Efficiency will also be displaying E-Save Technology at the U.S. Capitol Earth Day energy and environmental showcase sponsored by the Architect of the U.S. Capitol and the U.S. Senate Superintendent’s office. It will take place on Earth Day, Thursday, April 22nd, from 9 AM – 3 PM in the Hart Senate Office Building room 216 in the Capitol complex.

The KONE EcoStart® is a unique motor efficiency controller for escalators that improves the efficiency of the escalator’s electric motor, typically by 20-35%. The EcoStart® incorporates Power Efficiency Corporation’s E-Save Technology and is manufactured by Power Efficiency exclusively for KONE.

“I am proud to continue my strong support for Nevadans that are creating jobs and building our clean energy economy,” Nevada Senator Harry Reid said. “Nevada’s Power Efficiency Corp. is helping save taxpayers money by making the historic Capitol Building more energy efficient and advancing technologies that will improve our energy and environmental security.”

Vance Tang, KONE EVP and Area Director for the Americas, said, “We have been partners with Power Efficiency for many months now and have installed the EcoStart® in several airports, including Washington Dulles International Airport and McCarran International Airport, as well as numerous other facilities. We are very proud of this installation at the U.S. Capitol Visitor Center, which is another marquee project that demonstrates our commitment to be Environmentally Excellent.”

Steve Strasser, Chairman and CEO of Power Efficiency Corporation, commented, “The installation of the EcoStart® with Power Efficiency’s E-Save Technology at our nation’s Capitol demonstrates the growing acceptance of our technology for enhancing energy efficiency as well as the mutual benefits of our partnership with KONE.”

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