MicroPlanet Announces Follow-On Order From Australian Utility
Company: MicroPlanet Technology Corp.
Stock Listing: TSXV - MP
Stock Listing (US): OTC - MCTYF
Web Site: www.microplanet.com
SEATTLE, WA, Jan. 30, 2013 /CNW/ - MicroPlanet Technology Corp. ("MicroPlanet" or the "Company"), (TSXV - MP & OTC - MCTYF) (www.microplanet.com), a smart-grid energy conservation and power quality company, is pleased to announce that it has received initial payments for a follow-on order from SA Power Networks (SA) of Australia (www.sapowernetworks.com.au), formerly known as ETSA Utilities. The sale of 20 Low Voltage Regulator-2's (LVR-2's) and two of the new Smart Voltage Regulators (SVRs) was facilitated by MicroPlanet's Australian distributor, Brisbane-based SmartGrid Partners.
SA Power Networks operates the South Australian electricity distribution network and is the fifth largest utility in the Australian national electricity market. The company's network services about 830,000 residential and business customers throughout South Australia.
This follow-on order of LVR's after its first order nine months ago demonstrates confidence in MicroPlanet technology and that our products are becoming standard equipment more widely deployed by the nation's largest rural electrical utilities. The LVR-2 offers an efficient and cost-effective way to improve power quality and maintain voltage compliance to individual customers. "We look forward to obtaining more consistent orders from SA Power Networks and our other utility customers as they continue to adopt and implement our technology" stated Brett Ironside, MicroPlanet president and CEO.
Perhaps more importantly, the order included two new MicroPlanet three phase SVR's for SA Power Networks to trial and assess for performance characteristics and potential applications in their 3 phase LV network. The SVR is a much larger unit than the LVR-2 with many more applications, and as stated in prior releases helps solve distributed generation integration challenges that are becoming common with utilities in Australia. The SVR is MicroPlanet's standalone unit containing the same technologies that Tyree Industries Pty Ltd. (Tyree) recently licensed. Microplanet is well into prototyping the technology into distribution Transformers creating the Regformer™. "We expect these two products will be complementary in their respective segments, accelerating the sales of each other in their own target markets as users learn and understand the features and applications," continued Mr. Ironside.
About SmartGrid Partners
SmartGrid Partners is a solutions integrator established to provide strategic advisory and venture capability in the rapidly emerging Smart Grid domain. Based in Brisbane, Queensland, Australia, SGP was founded by veterans of the electricity and energy sectors with decades of hands-on experience leading and advising energy concerns in Australia and the United Kingdom. www.smartgridpartners.com.au
MicroPlanet's smart grid energy management solutions improve power quality and save energy by regulating incoming voltage to a home or business with patented power electronics. Its technology has been deployed in eight countries by more than twenty utilities, the U.S. military and numerous commercial customers to save energy, improve power quality and grid efficiency, and to facilitate the integration of renewable energy sources including solar and wind. MicroPlanet is listed on the TSX Venture Exchange (TSX-V), trading under the stock symbol MP. www.microplanet.com
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