Morristown, NJ February 17, 1999 - Schindler Elevator Corporation, a leading elevator and escalator manufacturer in North America, has entered into an agreement with EnergySmart to become a special distributor of the Power Planner III for the vertical transportation industry. EnergySmart is a division of Coast Energy Management of Chandler, Arizona.

EnergySmart is a world leader in the manufacturing, marketing and distribution of energy-saving products. The Power Planner III is an energy-saving microcontroller for three phase industrial and commercial applications. The Power Planner III helps save electricity on equipment and appliances driven by induction motors. Most A/C induction motors draw nearly full current regardless of their load. The Power Planner senses the load of the motor and supplies only the power needed, thus reducing the energy needs and ultimately saving energy and money. The Power Planner also helps reduce the energy waste inherent in A/C induction motors, which, in turn, helps keep the motor cooler.

With significant applications for the vertical transportation industry, the unit, available in 15 Amp to 500 Amp models, is installed by 'hardwiring' it to the escalator equipment. "We at Schindler are very enthusiastic about our arrangement with CEM, and are pleased to be associated with a leader in this area", said John V. Corcoran, vice president of Schindler Elevator Corporation's service operations. "CEM has met our rigorous quality control processes and we are pleased to award them preferred supplier status."

According to Daniel Bach, CEO of CEM Industries, Inc., "The Power Planner III proprietary software produces a more efficient, quiet operation of the motor. We think it is simply the best idea in the world, and the proof is in the product. We're happy to be partnering with the world's leading escalator company to distribute this product to this market."

Headquartered in Morristown, New Jersey, Schindler designs, manufactures, installs, modernizes and services a broad range of elevators, escalators and moving walks for various people-moving applications. It is the North American operation of the Swiss-based Schindler Group, the world's largest escalator manufacturer and second largest elevator manufacturer. Schindler is the first elevator company in the U.S. to achieve ISO 9001 certification. For additional information, visit the company's web site at www.us.schindler.com, or visit the EnergySmart web site at www.energysmart.com.