Company: MicroPlanet Technology Corp.
Stock Listing: MP:TSXV
Stock Listing (US): MCTYF: OTC
Web Site: www.microplanet.com
SEATTLE, Jan. 21 /CNW/ - MicroPlanet, (MP:TSXV & MCTYF:OTC) a clean
technology, energy conservation company, announced today that Australian
utilities Country Energy and ETSA have placed initial commercial orders for a
total of 70 MicroPlanet systems to dynamically manage voltage at optimal
levels. The initial orders were received by MicroPlanet from Queensland
electricity utility Ergon Energy through its commercial operating arm Energy
Choices who distribute MicroPlanet's voltage management systems technology to
utilities in Australia. Deliveries for 70 MicroPlanet voltage management
systems are expected to begin in the first quarter of 2009.
Owned by the New South Wales Government, Country Energy manages
Australia's largest energy supply network across 95 per cent of New South
Wales serving around 870,000 customers. ETSA Utilities is South Australia's
primary electricity distributor.
"Utilities in Australia are responding quickly to their customer's
concerns to improve the quality of supply of its electricity network and we
are helping them reduce capital investment in transmission and distribution
equipment as well as lowering overall operating costs," said Bruce Lisanti,
CEO of MicroPlanet. "We are fast becoming the standard solution to solve
common utility problems and to-date four major Australian utilities have
already adopted our voltage management technology."
About MicroPlanet Technology Corp.
MicroPlanet Technology Corp. is a clean tech energy conservation company
whose technology improves power quality and saves electric energy by the
dynamic management of incoming voltage to a home or business. In commercial
and residential building installations, MicroPlanet products have been proven
to significantly reduce electric bills, maintenance costs and greenhouse
gases. Installation of MicroPlanet products for utilities has improved utility
services and facilitates the integration of renewable energy sources,
including solar and wind, to the power grid. MicroPlanet is based in Seattle,
WA and is listed on the TSX Venture Exchange (TSX-V) trading under the stock
symbol: MP. MicroPlanet's website is www.microplanet.com.
THIS NEWS RELEASE MAY CONTAIN FORWARD-LOOKING INFORMATION. ACTUAL FUTURE
RESULTS MAY DIFFER MATERIALLY FROM THOSE CONTEMPLATED. THE RISKS,
UNCERTAINTIES AND OTHER FACTORS, BOTH KNOWN AND UNKNOWN, THAT COULD INFLUENCE
ACTUAL RESULTS MAY BE SUBSTANTIAL AND INCLUDE THOSE DESCRIBED IN DOCUMENTS
FILED WITH REGULATORY AUTHORITIES, SUCH AS THE COMPANY'S MOST RECENTLY FILED
ANNUAL AND QUARTERLY REPORTS AND ANNUAL INFORMATION FORM. ACCORDINGLY, NO
ASSURANCES CAN BE GIVEN THAT ANY OF THE EVENTS ANTICIPATED BY THE
FORWARD-LOOKING STATEMENTS WILL TRANSPIRE OR OCCUR, OR IF ANY OF THEM DO SO,
WHAT BENEFITS THE COMPANY WILL DERIVE THEREFROM.
THE TSX VENTURE EXCHANGE HAS NEITHER APPROVED NOR DISAPPROVED OF THE
INFORMATION CONTAINED HEREIN.
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