SOURCE: Axis Technologies Group, Inc.

March 03, 2009 07:32 ET

Axis Technologies Announces Multiple Installations of Company's Dimming/Daylight Harvesting Ballasts in New Jersey

Significant Carbon Reductions Realized From Energy Savings

LINCOLN, NE--(Marketwire - March 3, 2009) - Axis Technologies Group, Inc. (PINKSHEETS: AXTG), a green technology designer, manufacturer and marketer of a proprietary line of energy saving and daylight harvesting electronic dimming ballasts for the commercial lighting industry, announced that recent installations in several locations have has led to kilo watt hour (KWH) energy reductions and corresponding carbon dioxide reductions.

The Sprint Recycling (www.sprintrecycling.com) plant in Newark, NJ operates a 24,000-square-foot facility with a 20,000 ton/month capacity for recycling paper products. Nearly 200 Axis ballasts were installed in new fixtures in this facility. Tricarico Architecture & Design (www.tricarico.com), a leading architecture firm in Wayne, NJ which utilizes the latest in state-of-the-art technology to create innovative designs and has completed over 10,000 high profile projects, has installed over 150 Axis ballasts in their facility. Axis ballasts have also been installed in a number of schools and military facilities. In just these three installation, the new fixtures are cumulatively saving approximately 60,000 KWH annually, which translates to nearly 103,000 pounds of carbon dioxide.

"Carbon reduction and energy efficiency are major goals of the US Department of Energy and the new administration," cited Nick Bussanich, East Coast Regional Manager for Axis Technologies. "Axis is well-positioned to provide these savings in both kilowatt-hour reduction and carbon savings to any company that uses fluorescent fixtures." He continued, "With the expected funding to the fifty states from the recent Economic Recovery Bill targeted for enhancing the energy efficiency of Federal, State and local government buildings, we expect to see more installation contracts from both the government and private sectors."

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About the Axis Ballast:

A standard "ballast" is an electronic component that regulates voltage in light fixtures. Axis Technologies Group, Inc. has developed an innovative ballast with which expands daylight harvesting into mainstream lighting applications. The patented Axis Dimming/Daylight Harvesting Ballast is a new technology that transforms the standard ballast into a dynamic energy saving system that can reduce lighting energy costs by up to 70%. The Axis 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. The Axis Ballast avoids "over-lit" conditions that increase energy costs by harvesting and utilizing free daylight from windows or skylights. As the amount of available daylight fluctuates, the Axis Ballast automatically keeps lighting "tuned" to the desired level in a designated area.

About Axis Technologies Group, Inc.:

Axis Technologies Group, Inc. conducts its business through this 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 ballast is priced competitively and is the only daylight harvesting ballast system that can be marketed as a replacement for a standard ballast.

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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