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ECTI sells regenerative electric motor technology

2007-05-07 16:58 ET - News Release

Mr. Ervin Weisz reports: ENERGY CONVERSION TECHNOLOGIES INC.: ANNOUNCES NEW REGENERATIVE AND HYBRID ELECTRIC MOTOR TECHNOLOGY FOR COMMERCIAL AND INDUSTRIAL APPLICATIONS

Toronto, Ont., May 7, 2007: Mr. Ervin Weisz, President & CEO of Energy Conversion Technologies Inc. (ECTI), is very pleased to announce its new Regenerative energy savings and Hybrid electric power HR-Drive technology for commercial and industrial electric motor applications.

Mr. Weisz explained that: " ... ECTI charted its own path in 2002, when it introduced advanced electric motor technology to replace inverter based induction motor systems. The HR-Drive technology builds on the proven capability of ECTI's electric motor products."

ECTI will initially offer the HR56C-Drive as a seamless upgrade to the industry standard 56C type motor/inverter systems. ECTI plans to offer the HR-Drive technology on its growing family of products, including door and gate operators sold through its subsidiary, Gates and Doors Inc. (www.gatesanddoorsinc.com).

Mr. Weisz added, " .. Over 50% of electric energy is utilized by electric motors in Western industrialized countries. Recently, a major political figure in the Canadian government stated, ' ... one of the best sources of energy is wasted energy.' The nature of regenerative technology is the recovery of otherwise wasted energy, which is the basis for ECTI's green HR-Drive technology."

ECTI's HR-Drive based products are expected to meet a variety of "green" certification requirements.

ECTI manufactures electric gear-motor and controller systems based on its breakthrough technology that can reduce both capital and operating costs of motor systems. Relative to industry standard products, ECTI's motor system is smaller, generates higher performance and operates at higher efficiencies. ECTI's products are being sold to original equipment manufacturers in Canada and the United States.

For further information please visit the company's website at www.energyconversiontech.com or call or write to Ervin Weisz, President and Chief Executive Officer, Energy Conversion Technologies Inc., 1271 Denison Street, Markham, Ontario, L3R 4B5, Telephone: (905) 947-4300, Facsimile: (905) 947-4600, e-mail: sales@energyconversiontech.com.

Forward looking statements: The foregoing press release contains forward-looking statements including those related to the development of markets, expected business prospects, future market and revenue potential, improvements in technology, customer and supplier relationships, financial prospects; all of which are subject to important risks and uncertainties. Actual results could differ materially from those projected as a result of these risks and should not be relied upon as a prediction of future events. Factors which could cause results or events to differ from current expectations include, but are not limited to, the availability of funding, existing and future relationships with suppliers and customers, the results of commercial and technical development activities, technological risk and uncertainly, general industry and market conditions, availability of qualified personnel, and reliance on industry partners. Energy Conversion Technologies Inc. undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date on which such statement is made, or to reflect the occurrence of unanticipated events.