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Power Efficiency Corporation in CNET article on Electric Motor Efficiency

October 24, 2006 - LAS VEGAS---Power Efficiency Corporation (OTCBB: PEFF), announced today that it was featured in a news article on CNET highlighting the Company’s energy efficiency technology for electric motors. CNET is a news website where people go to discover the latest in technology and consumer electronics. The article, titled “Putting the Electric Motor on a Diet”, is available at the following link: www.news.com.com/Putting+the+electric+motor+on+a+diet/2100-1008_3-6127702.html

About Power Efficiency Corporation
Power Efficiency Corporation develops and markets advanced energy saving technologies for electric motors. The Company’s first product, called the Power Genius™, reduces the amount of energy used by electric motors in applications such as many escalators, elevators, grinders, granulators, mixers, saws, stamping presses. The Power Genius™ allocates power in direct proportion to the motor's required workload, eliminating wasted electricity. The company's core technology is based on patented improvements to NASA technology. Energy savings from the Company’s products are typically 20-40% in appropriate applications. The controllers also reduce the operating heat of the motor, producing significant motor life extension and downtime reduction benefits. PEC products are UL compliant and CE and CSA certified.

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