Technology Research Corporation Proposal to the National Electrical Code is Accepted; Change will Mandate Cord Fire Protection on Room Air Conditioners.Business Editors CLEARWATER, Fla.--(BUSINESS WIRE)--May 23, 2001 Ned Schiff, Vice President U.S. Sales & Marketing for Technology Research Corporation (TRC TRC Noun (in South Africa) Truth and Reconciliation Commission: a commission which encourages people who committed human rights abuses or acts of terror during the apartheid era to reveal the truth about their crimes in return for immunity from prosecution ) (Nasdaq:TRCI) announced today that their proposal to the National Electrical Code The National Electrical Code (NEC), or NFPA 70, is a U.S. standard for the safe installation of electrical wiring and equipment. It is part of the National Fire Codes series published by the National Fire Protection Association (NFPA). (R)(NEC (NEC Corporation, Tokyo, www.nec.com, www.necus.com) An electronics conglomerate known in the U.S. for its monitors. In Japan, it had the lion's share of the PC market until the late 1990s (see PC 98). NEC was founded in Tokyo in 1899 as Nippon Electric Company, Ltd. ) for mandating cord fire prevention on room air conditioners was accepted without amendment for adoption into the NEC at the National Fire Protection Association's May Technical Meeting. This new requirement will be part of the 2002 NEC, pending any successful appeal to the Standards Council or Petition to the Board of Directors opposing its acceptance. The NEC is adopted by municipalities throughout the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. as the minimum standard for electrical installations. The proposal will require that room air conditioners be provided with either a leakage current detection and interruption (LDCI) protected cord set or an arc fault circuit interrupter (AFCI AFCI Association of Film Commissioners International AFCI Arc Fault Circuit Interrupter AFCI Advanced Fibre Communications, Inc AFCI Acupuncture Foundation of Canada Institute (Institut de la Fondation d'Acupuncture du Canada) ) protected cord set. Industry estimates indicate there were approximately 6.5 million room air conditioners shipped by manufacturers in year 2000. The Company believes that its Fire Shield(TM) cord set is the best available technology from a cost and performance standpoint for meeting this requirement, however, the Company expects this new market opportunity to be highly competitive. According to Schiff, "This is a major advancement in increasing the level of safety for these products." He added, "The next step in the implementation process will be for Underwriters Laboratories to finalize the product standard for this requirement. Through these efforts and with the size of the room air conditioner market, the Company believes it could begin to realize significant revenues from this market in approximately two years." TRC is recognized as a worldwide leader in electrical safety products that prevent electrocution electrocution Method of execution in which the condemned person is subjected to a heavy charge of electric current. The prisoner is shackled into a wired chair, and electrodes are fastened to the head and one leg so that the current will flow through the body. and electrical fires and protect against serious injury from electrical shock. Based on its core technology in ground fault sensing, products are designed to meet the needs of the consumer, commercial and industrial markets worldwide. The Company also supplies power monitors and control equipment used by the United States Military and its prime contractors. "Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. " Statement: Certain statements in this press release are forward looking in nature and, accordingly, are subject to risks and uncertainties. The actual results may differ materially from those described or contemplated. |
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