Knobias Clip Report (9-14-2007)2

Sumbmited From Knobias ClipReport

AXTG: Energy Saving Device Garners Attention

The ‘greening’ of our country has already begun. Solar panel system installation and ethanol production is ramping up in all parts of the nation. Use less, waste less and cut dependency seems to be the motto of the movement.

Another area that could stand to have the fat trimmed is electricity usage. Light bulbs have increasingly become more efficient but with abundance in the installation of skylights and open windows in new constructions, having lights on during the day is wasteful in most instances.

One Company is attempting to solve this problem with a solution that is beneficial to the user as well as the environment. Axis Technologies Inc. (AXTG) designs, manufactures and markets a proprietary line of energy-saving and daylight harvesting electronic dimming ballasts for the commercial lighting industry. The Company's target market is small to large commercial users of fluorescent lighting including office buildings, wholesale and retail buildings, hospitals, schools, and government buildings.

The Company has developed an innovative new ballast, an electronic component that regulates voltage in fluorescent lighting, that focuses on expanding daylight harvesting into mainstream fluorescent lighting applications. The patented Axis Dimming/Daylight Harvesting Ballast is a new technology that transforms the ballast, a once standard lighting industry staple, into a dynamic energy saving system that can reduce lighting energy costs by up to 70%. The Axis DDH Ballast utilizes an individual photo sensor to automatically adjust the amount of electrical current flowing to the light fixture, and then dims or increases lighting in conjunction with the amount of available sunlight that may be harvested from available windows and sunlight. The Axis DDH Ballast avoids "over-lit" conditions that increase energy costs by keeping lighting "tuned" to the desired level in a designated area.

The systems were noted as being able to reduce electricity bills by as much as 70% and pay for themselves in a range of 1 to 3 years. Installation costs of the systems could also be offset through local utility efficiency rebates in most areas for retrofits or remodels. New construction and major remodels may also qualify for local design efficiency rebates, and can qualify for Federal Tax energy efficiency deductions.

In the latest BusinessWeek, the Company’s technology, in use at the Dallas-Fort Worth International Airport, was mentioned in a quick blurp with pictures displaying the dimmed lights during the day compared to the lights on full power at night.

The news sent shares soaring on Tuesday, gaining some 38% on 1.1M shares traded. Wednesday saw a follow thru with 1.07M shares traded on a gain of 20%. On Friday, the Company announced that it had signed an agreement with Energy Innovation Group to develop the retrofit market in California for the Axis Dimming/Daylight Harvesting (DDH) fluorescent ballasts.

Noting projections for the agreement, Sid Pelston, managing partner of EIG, said in the press release, "We believe that the Axis DDH ballasts offer a level of potential to be our lead technology in our line of energy-saving products. EIG has already scheduled installations in several municipalities, and major corporations specifically using the Axis ballast. We fully expect to install over $4,000,000 of the Axis ballasts over the next 15 months, and have a target upwards to $28,000,000 nationally over the next 36 months."

Shares squeezed out another 11% gain on 1.15M in volume. With the large following the Company has garnered and with the early projections of top line numbers from the agreement, the Company could become one to follow over the coming months. Though the Company is OTC and doesn’t file there fore warranting additional diligence, investors would be wise to watch.



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