Nyle International Corp. Announces 50% Now or 4% in 2004 - New Federal Efficiency Standards for Water Heaters Miss the Mark

Apr 19, 2001, 01:00 ET from Nyle International Corp.

    BANGOR, Maine, April 19 /PRNewswire/ -- NYLE Special Products, Inc.
 ("NSP"), headquartered in Bangor, Maine, a subsidiary of Nyle International
 Corp. (NYLE; "Pink Sheets"), ("Nyle"), commented today on the April 12, 2001,
 as amended on April 13, 2001, approval by the Bush Administration of the new
 energy efficiency standards requiring electric water heaters to use 4 percent
 less energy by 2004. The minimum allowable energy efficiency requirements were
 originally proposed by the Clinton U.S. Department of Energy ("DOE") for
 products to be manufactured for sale in the U.S. The final rule for water
 heaters was published on January 17, 2001, in the Federal Register.
     According to the DOE, by 2030, the new residential water heater standards
 are projected to save consumers more than $2 billion and reduce electricity
 and natural gas usage by 4.6 quads. Such savings projections are based on an
 efficiency increase for electric water heaters by only 4% and gas water
 heaters a mere 8%, effective on January 12, 2004. Such energy savings the DOE
 extrapolates will avoid the need to build 13 power plants.
     Contrast such projections with the 50 percent reduction in energy usage
 now available to the American consumer with NyleTherm heat pump hot water
 heaters. Using the DOE's statistical analysis, universal usage of the
 NyleTherm would reduce electricity and natural gas usage by over 58 quads and
 would avoid the need to build over 163 power plants!
     Since 1979, Nyle has been a national leader in developing cutting edge
 heat pump technology products. On May 22, 2000, NSP publicly announced the
 sale of 5,000 NyleTherm heat pump hot water heaters to Northeast Utilities,
 Inc., a NYSE listed company and one of the largest American electric
 utilities. Since then thousands of American homes in which NyleTherms have
 thus far been installed are enjoying more than a 50 percent energy savings.
 Depending on water usage, NSP estimates average savings of $40.00 per month
 per home in energy costs using the NyleTherm and a concomitant reduction in
 power usage.
     This proven technology of NyleTherms makes it the most advanced practical
 product of its kind in the marketplace today. The energy savings, by using
 NyleTherm, not only benefit thousands of American homes daily, but will also
 benefit thousands more as NyleTherms are installed in other American homes
 during 2001, and thereafter, by Northeast Utilities, Inc. and other American
 utility companies. As compared to the NSP's NyleTherm technology, which
 provides at least a 50% energy savings now, the 4 percent energy efficiency
 increase mandated by DOE by January 12, 2004, is rendered meaningless.
 
 

SOURCE Nyle International Corp.
    BANGOR, Maine, April 19 /PRNewswire/ -- NYLE Special Products, Inc.
 ("NSP"), headquartered in Bangor, Maine, a subsidiary of Nyle International
 Corp. (NYLE; "Pink Sheets"), ("Nyle"), commented today on the April 12, 2001,
 as amended on April 13, 2001, approval by the Bush Administration of the new
 energy efficiency standards requiring electric water heaters to use 4 percent
 less energy by 2004. The minimum allowable energy efficiency requirements were
 originally proposed by the Clinton U.S. Department of Energy ("DOE") for
 products to be manufactured for sale in the U.S. The final rule for water
 heaters was published on January 17, 2001, in the Federal Register.
     According to the DOE, by 2030, the new residential water heater standards
 are projected to save consumers more than $2 billion and reduce electricity
 and natural gas usage by 4.6 quads. Such savings projections are based on an
 efficiency increase for electric water heaters by only 4% and gas water
 heaters a mere 8%, effective on January 12, 2004. Such energy savings the DOE
 extrapolates will avoid the need to build 13 power plants.
     Contrast such projections with the 50 percent reduction in energy usage
 now available to the American consumer with NyleTherm heat pump hot water
 heaters. Using the DOE's statistical analysis, universal usage of the
 NyleTherm would reduce electricity and natural gas usage by over 58 quads and
 would avoid the need to build over 163 power plants!
     Since 1979, Nyle has been a national leader in developing cutting edge
 heat pump technology products. On May 22, 2000, NSP publicly announced the
 sale of 5,000 NyleTherm heat pump hot water heaters to Northeast Utilities,
 Inc., a NYSE listed company and one of the largest American electric
 utilities. Since then thousands of American homes in which NyleTherms have
 thus far been installed are enjoying more than a 50 percent energy savings.
 Depending on water usage, NSP estimates average savings of $40.00 per month
 per home in energy costs using the NyleTherm and a concomitant reduction in
 power usage.
     This proven technology of NyleTherms makes it the most advanced practical
 product of its kind in the marketplace today. The energy savings, by using
 NyleTherm, not only benefit thousands of American homes daily, but will also
 benefit thousands more as NyleTherms are installed in other American homes
 during 2001, and thereafter, by Northeast Utilities, Inc. and other American
 utility companies. As compared to the NSP's NyleTherm technology, which
 provides at least a 50% energy savings now, the 4 percent energy efficiency
 increase mandated by DOE by January 12, 2004, is rendered meaningless.
 
 SOURCE  Nyle International Corp.