SOURCE: Axis Technologies Group, Inc.

October 20, 2009 07:35 ET

Axis Technologies, Inc. Receives Underwriters Laboratories Approval for New Design 2-Lamp Ballasts

Unfilled Orders Awaiting UL Approval to Be Shipped Immediately

LINCOLN, NE--(Marketwire - October 20, 2009) - Axis Technologies Group, Inc. (PINKSHEETS: AXTG), a green technology designer, manufacturer and marketer of a proprietary line of energy-saving daylight harvesting electronic dimming ballasts for the commercial lighting industry, announced today that the company received the Underwriters Laboratories (UL) approval for the slim line 2-lamp ballasts. This "green" ballast was specifically designed to fit into newer architecturally designed fixtures and still retain the energy efficiency of the previous Axis ballasts.

Mr. Jim Erickson, President of Axis Technologies, said, "We are very pleased to receive UL approval for our new 2-lamp ballast. With the requisite UL marking, Axis Technologies can now begin to fill orders that have been received but were withheld from shipping until the awaited approval. The UL approval of our new design 2-lamp ballast will make the future testing and approval of our 3- and 4-lamp ballasts and T5 ballasts much quicker and easier since the designs are similar."

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About Axis Technologies Group, Inc. (www.axistechnologyinc.com)

Axis Technologies Group, Inc., through its wholly owned subsidiary, 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 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 company's target market is small to large commercial users of fluorescent lighting to include office buildings, wholesale and retail buildings, hospitals, schools, and government buildings. 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. (www.axistechnologyinc.com/products.html) Underwriters Laboratories has approved Axis products for sale in both the United States and Canada. The Axis Dimming/Daylight Harvesting ballast is priced competitively and is the only daylight harvesting ballast system that can be marketed as a replacement for a standard ballast. Numerous utilities have included the Axis ballast in their rebate programs offered to their commercial and government customers.

About Underwriters Laboratories® (www.ul.com)

Underwriters Laboratories® (UL) is an independent product safety certification organization that has been testing products and writing standards for safety for more than a century. UL evaluates more than 19,000 types of products, components, materials and systems annually with 20 billion UL Marks appearing on 72,000 manufacturers' products each year. UL's worldwide family of companies and network of service providers includes 64 laboratory, testing and certification facilities serving customers in 98 countries. UL has tested and certified lighting products and accessories for sale in the global marketplace for over a hundred years. UL uses proprietary Standards (there are over thirty different UL Standards for the lighting industry alone). The Occupational Safety and Health Administration (OSHA) certified UL as a "Nationally Recognized Testing Laboratory." The UL Mark is widely recognized by consumers, retailers and authorities who trust UL's integrity and commitment to consumer safety. With this in mind, UL tests every product to the highest standards to insure that any item that carries the UL Mark can be used by the consumer with confidence.

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.

Contact Information


  • Contact:

    Jim Erickson
    President
    Axis Technologies, Inc.
    (866)458-9880
    Investor and Media Relations for Axis Technologies
    404-261-1196