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EIG Managing Director, Sid Pelston, said, "The marketplace has long waited for a product with these ballast specifications as indicated by Axis. The new Axis load shedding ballast will be the first energy savings lighting product of its type, which can reduce energy generally an average 40% to 50% use through all daylight hours, but which also allows utilities and energy users to immediately further reduce power use remotely through the load shedding control of the Axis ballast when there is an energy alert indicating supply may become insufficient to meet the immediate requirements for energy. Utility incentive programs generally provide rebates for reduction in kilowatt hour usage to encourage an overall reduction in energy use."
Mr. Pelston continued, "To our knowledge, the Axis ballast has been the only proven reliable product available with individual photo-sensor control which automatically reduces power in all areas with daylight entering the space to maintain light levels and significantly reduce power use.
"In California alone, we can see an annual market demand of 500,000 ballasts statewide over the next few years as more utilities act upon State and Federal mandates to pursue energy efficient technologies that maximize the management of their power grids. We look forward to significantly expanding the incorporation of Axis's ballasts in our energy audit plans."
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About Axis Technologies Group, Inc.
Axis Technologies Group, Inc. (www.axistechnologyinc.com), 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.
Stocks to watch today are: M-Phase Technologies (OTCBB: XDSL) up 57% on 34.9 million shares, FirstGold Corp (OTCBB: FGOC) up 69% on 1.7 million shares, Xinhua China LTD (OTCBB: XHUA) up 67% on 21.4 million shares, Spongetech (OTCBB: SPNG) up 7% on 82 million shares.
Nasdaq stocks to watch include Fifth Third Bancorp (Nasdaq: FITB) up 25.5% on 64.7 million shares, Dryships Inc (Nasdaq: DRYS) up 15% on 56.7 million shares, Oceanfreight Inc (Nasdaq: OCNF) up 27% on 23.7 million shares,
NYSE stocks to watch: Bank of America (NYSE: BAC) up 19% on 582 million shares, Wells Fargo (NYSE: WFC) up 24% on 294 million shares, JP Morgan Chase (NYSE: JPM) up 10% on 101 million shares.
Disclosure: All material herein was prepared by Keros Capital Inc. (Keros) based upon information believed to be reliable. The information contained herein is not guaranteed by Keros to be accurate, and should not be considered to be all-inclusive. The companies that are discussed in this opinion have not approved the statements made in this opinion. This opinion contains forward-looking statements that involve risks and uncertainties. This material is for informational purposes only and should not be construed as an offer or solicitation of an offer to buy or sell securities. Keros is not a licensed broker, broker dealer, market maker, investment banker, investment advisor, analyst or underwriter. Please consult a broker before purchasing or selling any securities viewed on http://www.keroscapital.com or mentioned herein. Keros has been compensated forty five thousand shares of AXIS for promotional services. Keros affiliates, officers, directors and employees may own shares and may buy and sell additional shares of the company mentioned herein and may profit in the event those shares rise in value. Keros will not advise as to when it decides to sell and does not and will not offer any opinion as to when others should sell; each investor must make that decision based on his or her judgment of the market.
SOURCE: Keros Capital
Jim Mav, (973) 464-1747
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