EffTec International, Inc. Fulfills Second Add-On Purchase Order for Major Computer Manufacturing Customer
EffTrack's™ Continued Success Leads to Third Installation for Fortune 100 Company
TULSA, Okla., Feb. 23, 2012 /PRNewswire/ -- EffTec International, Inc. (OTC PK: EFFI), provider of a leading HVAC water-cooled chiller optimization solution, announced today that the Company has completed the second add-on installation for its major computer manufacturing customer, bringing the total number of EffTrack™ Systems operating at the client's facilities to three. EffTec performed a preliminary installation at a facility in Texas last year, which prompted the customer to purchase an additional system. The results have been so remarkable that the customer placed a second add-on purchase order for approximately $135,000 to add a third EffTrack™ System for its facilities. In addition, the second installation has been approved for a rebate of up to 50% of the total cost of ownership for two years by the local utility.
The EffTrack™ system is the most innovative analysis and trending tool for water-cooled chillers, also known as HVAC units, available today. The Internet-based solution will collect, store and analyze the data from the chiller, identify and diagnose any problems or inefficiencies and recommend corrective action to improve the performance of the equipment. EffTrack™ has proven that it can save customers anywhere from 15-25% on their energy costs, therefore drastically reducing operating costs.
"We are thrilled to be receiving recurring orders from our customers, as we feel that it validates our technology and demonstrates the need for our product," commented Keith Johnson, President of Efficiency Technologies, the wholly-owned operating subsidiary of EffTec International. "This is a great example for companies that have numerous facilities across the country, as it demonstrates that having multiple EffTrack™ Systems can exponentially increases the overall energy efficiency and subsequent savings that company will enjoy."
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 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 Company's ability to provide EffTrack™ monitoring systems in accordance with growing demand, and other risks relating to our business. EffTec does not undertake any responsibility to publicly update any forward-looking statements to reflect events or circumstances after the date on which any such statement is made or to reflect the occurrence of unanticipated events.
Financial Communications:
Michael Irving
Paramount Advisors, LLC
407-878-5460
[email protected]
SOURCE EffTec International, Inc.
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