BUSINESS SUMMARY Power Efficiency Corporation engages in the design, development, marketing, and sale of solid state electrical components that reduce energy consumption in alternating current induction motors.
Its principal product includes the three phase motor efficiency controller (MEC), which is used in industrial and commercial applications, such as rock crushers, granulators, and escalators. The company also offers a single-phase MEC that reduces energy consumption in electric motors by sensing and controlling the amount of energy the motor consumes. Its products serve end users, such as retail chains, hotels, airports, transit systems, mining, plastics, and manufacturing companies.
Power Efficiency designs, develops, markets and sells proprietary solid state electrical devices designed to reduce energy consumption in alternating current induction motors. Alternating current induction motors are commonly found in industrial and commercial facilities throughout the world. The Company currently has one principal and proprietary product: the three phase Motor Efficiency Controller, which is used in industrial and commercial applications, such as rock crushers, granulators, and escalators.
Additionally, the Company has developed a digital single phase controller in preparation for working with Original Equipment Manufacturers (“OEMs”) to incorporate the technology into their equipment.