subject: Axis Technologies, Inc. (OTC: AXTG) $7M (MarketCap) the Future of Sustainable Buildings [print this page] Axis Technologies, IncAxis Technologies, Inc. (OTC: AXTG) $7M (MarketCap) the Future of Sustainable Buildings
The push for the well-designed, energy efficient green buildings of the future has been gaining steam as the demand for need of green technology continues to seep into our lives and promises to change the foundation and prosperity of human existence. Unfortunately, the revolution is just that: of the future.
While some green buildings have been erected all over the country ("green" in that from planning to construction to completion, all functions of the building are designed to maximize resources like materials, water, and energy while reducing any and all waste) the number of those in the U.S. could probably be counted on two hands. The solution, says Axis Technologies, makers of energy-saving daylight harvesting ballasts for commercial lighting, is retro-fitting older buildings with waste-reducing products.
Axis designs, manufactures, and markets a proprietary line of energy-saving and daylight harvesting electronic dimming ballasts for the commercial lighting industry in North America. The patented Axis Dimming/Daylight Harvesting Ballast is a new technology that transforms the standard ballast into a dynamic energy saving system that can reduce lighting energy costs by up to 70%. Ballasts can be used simply to deliberately reduce the current in an ordinary, positive-resistance circuit. Axis' Harvesting Ballast will detect the amount of light that fills a room from sunlight (the company targets mostly commercial applications) and then control the amount of electricity based on those sensory levels, saving the company's office (or the landlord's) overhead dollars.
The company targets office buildings and warehouses in specific cities and markets where utility costs are known to be high like New York and Florida, saving money not only for the company or landlord, but for the utility company as well. When utility companies max out their supply at their allotted peak-load limits, they simply borrow electricity from each other at extremely high costs. Consuming less power from a lighting fixture translates into 45% savings from the retrofitted ballast for all the parties involved.
In April, Axis raised $6M from a joint venture that involved the Interstate Realty Corporation (IRC), who took about 163M shares. The implications are clear: a real estate investment company is willing to invest, along with others, $6M in Axis to develop a product that could revolutionize and reduce the amount of energy commercial buildings consume.
News also came this week that Axis has applied for a Provisional Patent for a new addressable, load shedding ballast design. The Addressable Ballast will enable wireless communications between the building automation system and the local utility company that manages the peak load. If the ballast is given conflicting commands based on the amount of sunlight it detects and the current it's squeezing from the utility, the ballast will choose the option with the most optimal energy savings.
With this patent, Axis could be taking the next step towards commercializing next-generation energy savings ballasts, bring the future right here to the present.
To view this article at World Market Media click on the link below: http://www.worldmarketmedia.com/779/section.aspx/1869/post/axis-technologies-inc-otc-axtg-7m-marketcap-the-future-of-sustainable-buildings
