McCarran International Airport to Save Energy by Installing the KONE EcoStart on Escalators

The KONE EcoStart® Incorporates Power Efficiency Corporation`s E-Save Technology
to Save Energy at the Nation`s Seventh Busiest Airport
LAS VEGAS--(Business Wire)--
KONE Inc. (OMX: KNEBV), one of the world`s leading elevator and escalator
companies, and Power Efficiency Corporation (OTCBB: PEFF), a clean tech company
focused on energy efficiency technologies for electric motors, announced today
that KONE has installed the EcoStart® on escalators at McCarran International
Airport (LAS).

The KONE EcoStart® is a unique motor efficiency controller that soft starts an
electric motor, bringing it from rest to full speed. Once it is at full speed,
the EcoStart® monitors the motor and improves its efficiency when operating. By
conserving energy, the EcoStart® supports the building`s sustainability programs
and contributes to environmental protection efforts. The EcoStart® incorporates
Power Efficiency Corporation`s E-Save Technology® and is manufactured by Power
Efficiency exclusively for KONE.

McCarran International Airport, the principal airport serving Las Vegas and
Clark County, is the nation`s seventh-busiest airport. Operated by the Clark
County Department of Aviation, in 2008 the airport served more than 44 million
passengers.

U.S. Senate Majority Leader Harry Reid (D-NV) said, "I`m glad to see this taking
place at McCarran International Airport because when we save energy we save
money. I believe breakthroughs in energy efficiency are critical for our nation
to achieve energy independence and reduce harmful greenhouse gas emissions. This
project at the airport is a good example of private and public entities working
together to improve energy efficiency."

Congresswoman Shelley Berkley (D-NV), commented, "Through the use of innovative
energy efficiency technologies like those now being installed at McCarran
Airport, we can cut energy consumption and reduce carbon emissions. This
southern Nevada project is part of the larger effort to make our community
energy smart and McCarran Airport is a great location for the use of technology
that saves power and helps to address the causes of global climate change."

Congresswoman Dina Titus (D-NV), said, "I have long been a vocal proponent of
the development and use of energy efficiency technologies in Nevada. This
project, involving our airport that serves millions of visitors working with a
local technology company, is a prime example of how Nevadans can create jobs to
build a stronger economy and cleaner infrastructure here at home."

Randall H. Walker, Clark County Director of Aviation, said, "McCarran has a deep
interest in maximizing its energy efficiency without sacrificing the level of
service its customers expect. This program will help us to drive down our energy
costs without any negative effects on our customers` travel experience."

Vance Tang, KONE EVP and Area Director for the Americas, stated, "KONE is proud
to play an important role in improving the energy efficiency of McCarran
International Airport. The EcoStart® makes good business sense for the airport
and the entire Clark County community. Our focus at KONE is to bring our
customers safe, comfortable and efficient people flow solutions that consider
the environmental impact throughout their entire life cycle. The increased
efficiency gained by using this technology will immediately benefit the airport
and the surrounding community."

Steve Strasser, Chairman and CEO of Power Efficiency Corporation, commented, "We
are very pleased to work with McCarran Airport and KONE to help the airport save
energy. As a company based in Las Vegas, we are particularly happy to see our
products benefitting the environment in our home community. Working with KONE,
we have developed the EcoStart® and together we believe it is well suited to
address the complex energy savings requirements of a major transportation hub
like McCarran International Airport"

About McCarran International Airport

McCarran and the four general aviation facilities in the Clark County Airport
System are owned by Clark County, Nevada and operated under the policy direction
of the Board of County Commissioners, the authority of the County Manager and
the management of the Director and Deputy Director of Aviation. McCarran
International Airport is part of the Clark County Airport System, which owns and
operates five airports, including four general aviation facilities: North Las
Vegas Airport, Henderson Executive Airport, Jean Sport Aviation Center, and
Overton/Perkins Field.

About KONE

KONE`s objective is to offer the best people flow experience by developing and
delivering solutions that enable people to move smoothly, safely, comfortably
and without waiting in buildings in an increasingly urbanizing environment. KONE
provides its customers with industry-leading elevators, escalators and
innovative solutions for modernization and maintenance, and is one of the global
leaders in its industry. In 2008, KONE had annual net sales of EUR 4.6 billion
and over 34,800 employees. KONE class B shares are listed on the NASDAQ OMX
Helsinki Ltd in Finland.

www.kone.com

About Power Efficiency Corporation

Power Efficiency Corporation is a clean tech company focused on efficiency
technologies for electric motors. Power Efficiency is incorporated in Delaware
and is headquartered in Las Vegas, Nevada. The Company has developed a patented
and patent-pending technology platform, called E-Save Technology, which has been
demonstrated in independent testing to improve the efficiency of electric motors
by up to 35% in appropriate applications. Electric motors consume over 25% of
the electricity in the U.S. and many operate inefficiently. E-Save Technology
can be licensed to motor, controls and equipment manufacturers. Power
Efficiency`s products, based on E-Save Technology, include an Industrial Motor
Efficiency Controller for three phase applications, such as escalators,
crushers, granulators, mixers, saws and MG elevators, and a new Appliance Motor
Efficiency Controller for small single phase applications such as residential
and light commercial appliances. For more information, go to
www.powerefficiency.com.

As a cautionary note to investors, certain matters discussed in this press
release may be forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. Such matters involve risks and
uncertainties that may cause actual results to differ materially, including the
following: changes in economic conditions; general competitive factors;
acceptance of the Company`s products in the market; the Company`s success in
technology and product development; the Company`s ability to execute its
business model and strategic plans; and all the risks and related information
described from time to time in the Company`s SEC filings, including the
financial statements and related information contained in the Company`s SEC
filing. Power Efficiency assumes no obligation to update the information in this
release.

KONE Inc.
Kellie Lindquist, Marketing Manager
630-955-4202
Email: kellie.lindquist@kone.com
or
McCarran International Airport Contact:
Chris Jones, Public Information Administrator
702-261-5290
or
Power Efficiency Corporation
BJ Lackland, CFO
702-697-0377

Copyright Business Wire 2009