April 26, 2010

Power Efficiency Featured on Canada's Business News Network (BNN)

CEO Steve Strasser Interviewed by Kim Parlee and Paul Waldie on “SqueezePlay” on April 22nd to Discuss Benefits of E-Save Technology®

LAS VEGAS--(BUSINESS WIRE)--Steve Strasser, CEO of Power Efficiency Corporation (OTCBB: PEFF), a clean tech company focused on energy efficiency technologies for electric motors, took part in an interview on Canada’s Business News Network (BNN) on Thursday, April 22nd to discuss the company’s E-Save Technology®. The technology was on display at the Earth Day energy and environmental showcase held earlier in the day in Washington, DC, and was recently incorporated into the escalators at the US Capitol Visitor Center.

On the BNN program “SqueezePlay,” business reporters Kim Parlee and Paul Waldie (the latter filling in for regular co-host Andrew Bell) spoke with Mr. Strasser about how a range of devices—from conveyor belts to washing machines to escalators—can harness E-Save Technology to operate more efficiently and use less energy when not carrying full loads. Mr. Strasser used escalators as an example to explain how the technology can vary electricity use in real time depending on the load, and noted that the resulting savings are typically 15-40% in appropriate applications. He also said that the cost of incorporating E-Save Technology was reasonable for even small to medium-sized companies and paid for itself within a short amount of time after installation.

“It was an honor to talk with Kim and Paul on BNN,” said Mr. Strasser. “Earth Day was an appropriate day to turn a public spotlight on E-Save Technology, which has the potential for helping the environment as well as saving companies a substantial amount on their electricity bills. As I mentioned during the interview, in recent months we have received UL certification, signed agreements with three major vertical transportation companies, set up a staff of sales representatives, and seen our revenue climb steadily.”

On “SqueezePlay,” Parlee and Bell and guests kick around the day’s most explosive stories in business and politics. To watch the segment online, please visit: http://watch.bnn.ca/squeezeplay/april-2010/squeezeplay-april-22-2010/ - clip292739

About Business News Network (BNN)
Business News Network (BNN) is Canada's only business and financial news network, and is currently available in about 4.5 million Canadian homes. Its editorial team features business journalists, entrepreneurs and financial professionals that deliver up-to-the-minute business news, commentary and interviews with leading business newsmakers.

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 and is headquartered in Las Vegas, Nevada. 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. Electric motors consume over 25% of the electricity in the U.S. and many operate inefficiently. E-Save Technology can be licensed to motor, controls and equipment manufacturers. Power Efficiency's products, based on E-Save Technology, include an Industrial Motor Efficiency Controller for three phase applications, such as escalators, crushers, granulators, mixers, saws and MG elevators, and a new Appliance Motor Efficiency Controller for small single phase applications such as residential and light commercial appliances. For more information, go to www.powerefficiency.com.

Power Efficiency Corporation Contact:
BJ Lackland, CFO
Tel: 702-697-0377
or
The Investor Relations Group
Jason Strominger (Investor Relations)
Mike Graff (Public Relations)
212-825-3210

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 products in the market; success in technology and product development; and all the risks and related information described from time to time in SEC filings, including the financial statements and related information contained in SEC filings. Power Efficiency assumes no obligation to update the information in this release.