SOURCE: Axis Technologies Group, Inc.

January 08, 2008 08:01 ET

Axis Technologies Announces Collaboration With Sunwave Lighting to Promote Energy Saving Advantages of Daylight Harvesting

Study Shows Benefits of "Daylighting" on Occupant Productivity and Enhanced Retail Sales

LINCOLN, NE--(Marketwire - January 8, 2008) - Axis Technologies Group, Inc. (PINKSHEETS: AXTG) announced today that Sunwave Lighting (www.sunwavelighting.net) of Boulder, CO is collaborating with the company on promoting the benefits of utilizing daylight versus artificial lighting whenever possible. The company's Dimming/Daylight Harvesting (DDH) ballasts provide more benefits than simply saving energy when installed where natural light is present. Sunwave Lighting has long advocated the benefits of utilizing windows, skylights, light shelves, and other "daylighting" technology, retail sales and better school test performance are enhanced. By incorporating daylight harvesting in building design in tandem with Axis' DDH ballasts, companies and schools can realize both energy savings and very real performance and revenue increases.

Pacific Gas and Electric Company sponsored the study published by the Heschong Mahone Group. In their Daylighting and Productivity Study in three school districts -- Capistrano, CA, Fort Collins, CO and Seattle, WA -- the results showed students progressed 20% faster in math tests and 26% on reading tests than students in classrooms with no daylight.

This study also considered the impact of daylighting on retail sales. Sales performance data from 108 stores operated by a chain retailer were analyzed. The design and operation of the stores was nearly identical with the exception of skylights in two-thirds of the stores. The addition of skylights boosted sales by close to 40% over those stores without skylights. The added benefit of up to 70% energy savings can be achieved during daylight hours when Axis DDH ballasts are utilized.

Investors interested in being included in the company's e-mail database for industry updates and company press releases are invited to send an e-mail to ir@axistechnologyinc.com for inclusion.

About the Axis Technologies Ballast

Axis Technologies Group, Inc. has developed an innovative new ballast, an electronic component that regulates voltage in fluorescent lighting that focuses on expanding daylight harvesting into mainstream fluorescent lighting applications. The patented Axis Dimming/Daylight Harvesting Ballast is a new technology that transforms the ballast, a once standard lighting industry staple, into a dynamic energy-saving system that can reduce lighting energy costs by up to 70%. The Axis DDH Ballast utilizes an individual photo sensor to automatically adjust the amount of electrical current flowing to the light fixture, and then dims or increases lighting in conjunction with the amount of available sunlight that may be harvested from available windows and sunlight. The Axis DDH Ballast avoids "over-lit" conditions that increase energy costs by keeping lighting "tuned" to the desired level in a designated area.

About Axis Technologies Group, Inc.

Axis Technologies Group, Inc. (www.axistechnologyinc.com) conducts its business through a wholly owned subsidiary, Axis Technologies, Inc., a Delaware corporation headquartered in Lincoln, Nebraska. Axis Technologies, Inc. designs, manufactures and markets a proprietary line of energy-saving and daylight harvesting electronic dimming ballasts for the commercial lighting industry. The company's target market is small to large commercial users of fluorescent lighting including office buildings, wholesale and retail buildings, hospitals, schools, and government buildings. In 2002, Underwriters Laboratory (UL) approved Axis products for sale in both the United States and Canada. The Axis Dimming/Daylight Harvesting (DDH) ballast is priced competitively and is the only daylight harvesting ballast system that can be marketed as a replacement for standard ballast.

To be included in the corporate e-mail database for press releases and industry updates, please send an e-mail to ir@axistechnologyinc.com

Safe Harbor

Statements about the Company's future expectations and all other statements in this press release other than historical facts, are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. The Company intends that such forward-looking statements be subject to the safe harbors created thereby. The above information contains information relating to the Company that is based on the beliefs of the Company and/or its management as well as assumptions made by and information currently available to the Company or its management. When used in this document, the words "anticipate," "estimate," "expect," "intend," "plans," "projects," and similar expressions, as they relate to the Company or its management, are intended to identify forward-looking statements. Such statements reflect the current view of the Company regarding future events and are subject to certain risks, uncertainties and assumptions, including the risks and uncertainties noted. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove to be incorrect, actual results may vary materially from those described herein as anticipated, believed, estimated, expected, intended or projected. In each instance, forward-looking information should be considered in light of the accompanying meaningful cautionary statements herein. Factors that could cause results to differ include, but are not limited to, successful performance of internal plans, the impact of competitive services and pricing and general economic risks and uncertainties.

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