Electric latch retraction bar

1. An electric latch retraction device, comprising:

a housing containing an electric motor, wherein said electric motor is adapted to impart linear movement on a latch, such that said latch is retracted towards said housing and towards a fully retracted position;

a magnetic holding mechanism mounted in said housing, said magnetic holding mechanism adapted to provide a magnetic holding force to hold said latch in said fully retracted position with a holding strength sufficient to hold said latch in said retracted position with said electric motor in an off state, wherein an armature is adapted to extend from said electric motor and engage said magnetic holding mechanism when said latch is in said fully retracted position.

2. The electric latch retraction device of claim 1 , wherein said armature extends from said electric motor as said latch is retracted towards said housing.

3. The electric latch retraction device of claim 1 , wherein said armature is magnetically conductive.

4. The electric latch retraction device of claim 1 , wherein said magnetic holding mechanism is magnetically conductive.

5. The electric latch retraction device of claim 1 , wherein said magnetic holding mechanism is an electrically actuated magnetic coil.

6. The electric latch retraction device of claim 1 , wherein said electric motor is a rotary motor.

7. The electric latch retraction device of claim 1 , wherein said electric motor is a step motor.

8. An electric latch retraction device comprising:

a housing containing a plurality of internal components including a mechanical electric motor, wherein said mechanical electric motor is adapted to impart linear movement on a latch;

a magnet in said housing, wherein a magnetically conductive armature is operatively connected to the latch and is adapted to extend from said mechanical electric motor and engage said magnet when said latch is in a fully retracted position, said magnet providing a magnetic holding force that holds said latch in the fully retracted position; and

a controller adapted to control the operation of said electric latch retraction device.

9. The electronic latch retraction device of claim 8 , wherein said internal components further comprise a bias spring, said bias spring adapted to position said latch in a latched position.

10. The electronic latch retraction device of claim 9 , wherein said bias spring reverses the linear movement caused by said electric motor when said magnetically conductive armature is disengaged from said magnet or upon the removal of power from said magnet or said electronic latch retraction device.

11. The electronic latch retraction device of claim 8 , wherein said controller is mounted in said housing and communicates to said electronic latch retraction device through a hard-wired connection.

12. The electronic latch retraction device of claim 8 , wherein said controller wirelessly communicates to said electronic latch retraction device.

13. The electronic latch retraction device of claim 8 , wherein said internal components further comprise a sensor, said sensor mounted integral to said magnet to sense the position of said magnetically conductive armature relative to said magnet.

14. The electric latch retraction device of claim 13 , wherein said sensor communicates the position of said magnetically conductive armature to said controller.

15. The electric latch retraction device of claim 13 , wherein said controller operates said electric motor in response to a signal from said sensor regarding the position of said magnetically conductive armature.

16. The electric latch retraction device of claim 8 , wherein said controller removes power from said electric motor after a predetermined period of time.

17. The electric latch retraction device of claim 8 , wherein said electric motor is an actuator mechanism.