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Saving Energy While Riding: Hong Kong Theme Park Includes Energy Efficient Technology on Some of World's Longest Escalators

Company: Power Efficiency Corporation

Ocean Park Installs Energy-Saving Motor Controllers with E-Save Technology™ to Reduce Carbon Emissions

Hong Kong - With rising CO2 emissions in and around Hong Kong and China, Ocean Park Hong Kong teamed up with US clean-tech company Power Efficiency Corporation to incorporate energy-efficient motor controllers on 8 of the park's guest escalators as part of their ongoing support for energy conservation.

Based on initial monitoring of the escalators containing E-Save Technology, it is estimated that Ocean Park will see a 10 - 15% annual reduction on electricity consumption and carbon emissions.

The motor controllers installed on Ocean Park's escalators feature Power Efficiency's patented E-Save Technology™ which senses the load on the motor and regulates the energy required for that particular load. Having this technology allows the escalators to save energy during times of light to medium traffic when escalators are typically less efficient.

"Ocean Park has been actively deriving carbon management policies and energy-saving initiatives in recent years. We are glad to be working with Power Efficiency to introduce energy-saving motor controllers to the Park's escalators. Looking forward, we will continue to develop more green infrastructure to the Park by making use of technology and innovations," said Dr. Allan Zeman, Chairman of Ocean Park.

"We are honored to partner with Ocean Park and introduce our patented E-Save Technology into the park's escalators," says Steven Strasser, CEO of Power Efficiency. "On behalf of myself and the team at Power Efficiency, I would like to thank Ocean Park for their participation in this installation. As the leading theme park in Hong Kong, Ocean Park has consistently been a leader in promoting environmentally responsible initiatives in the region and we are pleased to be collaborating with them on this project."

About Ocean Park

Ocean Park is Hong Kong's unique home-grown theme park with a heritage of delivering family fun and fond memories. Since its opening in January 1977 as a non-profit organisation, Ocean Park has developed itself to be a world-class attraction connecting people with nature, and recognised for its animal husbandry, research and relationship with the community. Over 105 million people have visited Hong Kong's premier park since its inception, and Ocean Park has remained committed to offering adults and children experiences that blend entertainment with education and conservation. Part of the proceeds from Ocean Park admission tickets and some retail items will go to Ocean Park Conservation Foundation, Hong Kong to support its wildlife conservation projects.

About Power Efficiency Corporation

Power Efficiency Corporation is a clean tech company focused on efficiency technologies for electric motors. Power Efficiency is incorporated in Delaware with headquarters located in Las Vegas, NV and a second office in San Diego, CA. The Company has developed a patented and patent-pending technology platform, called E-Save Technology, which has been demonstrated in independent testing to improve the efficiency of electric motors by up to 35% in appropriate applications. E-Save Technology can be licensed to motor, control and equipment manufacturers. Power Efficiency's products using E-Save Technology include an industrial Motor Efficiency Controller for three-phase applications, such as escalators, crushers, granulators, mixers, saws and MG elevators, as well as a Motor Efficiency Controller for small single-phase applications such as residential and light commercial appliances. Power Efficiency Corporation recently formed and incorporated a wholly owned subsidiary called Power Efficiency Asia (PEAsia) with an office located in Hong Kong.

As a cautionary note to investors, certain matters discussed in this press release may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such matters involve risks and uncertainties that may cause actual results to differ materially, including the following: changes in economic conditions; general competitive factors; acceptance of the Company's products in the market; the Company's success in technology and product development; the Company's ability to execute on its business model and strategic plans; and all the risks and related information described from time to time in the Company's SEC filings, including the financial statements and related information contained therein. Power Efficiency assumes no obligation to update the information in this release.

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