Fort Myers, FL -- February 6, 2002 -- ULTRAWATT^SM, a leading provider of energy saving technology, announced today the launch of its PowerGate? system that reduces lighting circuit power. This system enables commercial, industrial, retail, and institutional users to control, monitor and verify facility lighting energy use (using data collected by the system), and adjust and reconfigure system settings and light levels -- via the Internet -- from anywhere in the world. ULTRAWATT^(R) PowerGate? installations have been tested and proven by a variety of utilities, municipalities, state governments, and large industrial businesses.

Unlike autotransformer and wave chopper technologies that produce poor power quality and require more management, PowerGate's electronic, capacitor-based hardware (UltraControl?) and software (UltraNet^SM), allows organizations the capability to reduce energy use and lighting operational costs by up to 50 percent with HID and electronic fluorescent systems, with minimal reduction in light levels.

The PowerGate electronic power reduction system reduces energy consumption at the source of energy distribution -- the lighting electrical panel -- by regulating and managing electrical power from the incoming line without interfering with a company's other wiring, circuitry, and energy levels. Through PowerGate, lighting circuit energy use can be pre-set to multiple energy savings levels based on time of day, day of the week, daylight level or motion detection.

"ULTRAWATT is confident in the savings that the PowerGate system offers its existing and potential clients," says Timothy Yablonowski, founder and chief executive of ULTRAWATT. "The cost of energy to operate facility lighting systems accounts for up to 40 percent of a typical facility's energy bill. The opportunity to save energy and operating costs while significantly improving lighting quality, productivity and facility value makes a PowerGate lighting system upgrade a profitable investment."

Additional ULTRAWATT Benefits

· The PowerGate system qualifies for utility energy conservation rebates, where available
· Immediate positive cash flow generated by lighting energy cost savings of up to 50 percent
· Minimal downtime required to install the PowerGate system while a facility is being converted
· Total user control of energy consumption for lighting
· Optimization of energy use and lighting costs
·Verified metering and monitoring of lighting energy consumption
· System control flexibility for changing lighting needs and environmental conditions
· Increased shareholder value

The PowerGate system produces more lumen efficiency than any power reduction system available, and also improves facility power factor, while increasing the life expectancy of ballasts and lamps. Additionally, the PowerGate system's design and functionality can provide significant energy efficiency by harvesting natural daylight in selected areas of a building.

The PowerGate system is available in 20-, 30- and 50-amp models for HID lighting applications and 20-amp models for fluorescent systems in all worldwide voltage ratings. The line current Total Harmonic Distortion (THD) is maintained within American National Standards Institute (ANSI) standards.

For more information about ULTRAWATT and the PowerGate system or to view a product demo, call toll-free (866) 889-5700 or visit the Web site at www.ultrawatt.com

About ULTRAWATT^SM
Based in Fort Myers, Florida, ULTRAWATT^SM is a lighting technology company with patented and flexible products that deliver proven and substantial energy savings, improved facility power quality and unparalleled light output. ULTRAWATT customers include government agencies, airport authorities, distribution centers, national retailers, property managers and real estate developers. The company also manufactures, markets and licenses its energy conservation technology for private label applications.