SOURCE: EffTec International

February 18, 2011 05:00 ET

EffTec International, Inc. Completes Installation at the University of New Mexico

TULSA, OK--(Marketwire - February 18, 2011) - EffTec International, Inc. (PINKSHEETS: EFFI), provider of a leading HVAC water-cooled chiller optimization solution, announced today that the Company has completed the installation of its innovative EffTrack™ system on three chillers at the University of New Mexico in Albuquerque. When fully implemented, the Company anticipates that EffTrack™ will save the university over 1.3 megawatts of electricity per year and reduce greenhouse gases by over 900 tons per year.

"The installation at UNM is a significant development for EffTec's business plan as it solidifies our presence in the educational facilities market," commented Keith Johnson, President of Efficiency Technologies, the wholly-owned operating subsidiary of EffTec International. "The EffTrack™ system can benefit virtually any facility that utilizes water cooled chillers, and we are pleased to see that our technology is being accepted across multiple industries."

The EffTrack™ system is the only Web-based chiller optimization tool available to date, saving facilities time, energy and money. With the anticipated energy savings at the University of New Mexico, it is projected that a full return on investment in the system will be achieved within 15 months.

About EffTec International, Inc.

EffTec International, Inc., through its wholly-owned subsidiary Efficiency Technologies, developed EffTrack™, an Internet-based analysis and trending tool for water-based chillers. The EffTrack™ system has been proven to reduce chiller energy costs in facilities that utilize the solution by 15-25%, making it an attractive choice to large corporations turning to clean technologies to maximize savings. The system offers many benefits to customers including but not limited to: monitoring chiller performance every 15 minutes thereby extending the life of the equipment, diagnosing and troubleshooting inefficiencies found in analysis, measuring the results of corrective actions, and providing cost analyses of suggested improvements. EffTec's customers include many Fortune 100 companies, universities, and major healthcare facilities across the US. For more information, visit www.efftec.com 

NOTE ABOUT FORWARD-LOOKING STATEMENTS

With the exception of historical information, this press release contains forward-looking statements as that are made pursuant to the "safe harbor" provisions as defined within The Private Securities Litigation Reform Act of 1995 (the "PSLRA"). Forward-looking statements may be identified by words including "anticipates," "believes," "intends," "estimates," and similar expressions. In addition, any other statements which contain characterizations of future events or circumstances are forward-looking statements. These statements are based upon management's current expectations as of the date of this press release. Actual results may differ materially from the expectations contained in this press release due to a number of risks and uncertainties, such as general economic conditions that could limit the acceptance of EffTec's product, increased competition, the ability to fully implement the EffTrack™ system at the University of New Mexico, and other risks relating to our business. 

Contact Information

  • Contact and inquiries:
    Michael Irving
    Paramount Advisors, LLC
    800-380-4846
    mike@parvise.com