LAS VEGAS—Power Efficiency Corp., a developer and manufacturer of advanced energy savings technologies for electric motors, announced that it completed successful tests on two escalators at the Stratosphere Casino Hotel and Tower, one of the most recognizable properties on the Las Vegas Strip. The Stratosphere Casino Hotel and Tower is part of the American Casino & Entertainment Properties family of casinos.
“Our products performed very successfully in these tests, the latest of four tests we’ve recently announced,” says Steven Strasser, Power Efficiency’s chairman and c.e.o. “Energy is a core national and environmental concern. With energy prices constantly rising, we believe energy saving technologies, such as our company’s product, the Power Genius, will be extremely valuable in the marketplace.
“Electric motors consume almost one quarter of the electricity produced in the United States. Many of these motors are candidates for our technology. As these recent tests have shown, our patented technology is effective at consistently saving 30 percent or more of the energy used on escalators. The technology also has applications on many types of industrial equipment, such as granulators, mixers, grinders, stamping presses, crushers and more.”
American Casino & Entertainment Properties, along with its subsidiaries and affiliate companies, owns and operates five casinos in Nevada and New Jersey, including Arizona Charlie’s Decatur and Boulder, the Flamingo Laughlin and Sands Atlantic City.
The specific parameters and results of the test include:
• Two escalators, each with 15 horsepower electric motors operating virtually non-stop 24 hours a day, 7 days a week.
• The “up” escalator showed 26.5 percent energy savings, resulting in projections of over 4,700 kilowatt hours in savings per year.
• The “down” escalator showed 32.6 percent energy savings, resulting in projections of over 5,500 kilowatt hours in savings per year.
For more information, visit Power Efficiency Corp.