Energy Conservation Technologies Files $5 Million Offering With Securities & Exchange Commission

Energy Conservation Technologies, Inc. (ECT) announced that it filed with the Securities and Exchange Commission (SEC) for a Regulation "A" Offering Statement to raise up to $5 million in capital through the sale of its common stock.

In its filing with the SEC, ECT said it will use the proceeds of the offering primarily to expand its Boulder, Colorado-based manufacturing operation in order to meet growing demands for its electronic ballasts for high-intensity gas discharge lamps (HID) for streetlights and other applications. Once the Offering Statement becomes effective and pursuant to the SEC rules and regulations, ECT plans to engage a brokerage firm to conduct the Offering on a best effort basis.

ECT invents, develops, and manufactures what it describes as affordable energy-conserving products. The company is currently marketing its 20 through 400W electronic ballasts for HID lamps. According to the company, when compared to magnetic ballasts, ECT’s patented electronic HID ballasts can provide as much as 50% energy savings; reduce maintenance costs by 30%; greatly improve quality of light; and, reduce light pollution.