MicroPlanet Secures Lead Order for Technology from Australian Electric Utility

Stock Listing: TSXV: MP
Stock Listing (US): OTC: MCTYF
Web Site: www.microplanet.com

SEATTLE, Sept. 14, 2011 /CNW/ - MicroPlanet Technology Corp. ("MicroPlanet" or the "Company"), (TSXV: MP) (OTC: MCTYF) announced today that it has received an initial order to provide Low Voltage Regulators ("LVR2") to Essential Energy of New South Wales, Australia. The $200,000 sale was facilitated by MicroPlanet's Australian distributor, Brisbane-based SmartGrid Partners.

"MicroPlanet is pleased to have been chosen by Essential Energy to provide second generation Low Voltage Regulators for use in Essential's rural distribution network," stated Brett Ironside, MicroPlanet President and CEO. "This sale of just over $200,000 is an initial order, which will fulfill Essential's immediate installation needs and for evaluation of our technology's field performance. Of more importance to MicroPlanet, Essential Energy is making the LVR2 a standard "stores" available solution for the company's crews."

This order marks the second major electrical utility in Australia to advance from trial units to general network deployment of MicroPlanet LVR2s as a standard operations procedure to stabilize voltage. Essential Energy joins longtime customer Ergon Energy of Queensland who has purchased over $5M worth of LVRs to date. "Given Essential's comparable size to Ergon Energy, we expect successful implementation will lead to significant regular and follow-on orders as the field crews learn and adopt this product and solution," Ironside continued.

"SmartGrid Partners (SGP) has considerable experience and contacts across the Australian electric utility community and we are happy to have them represent us throughout Australia and New Zealand. We are encouraged by the interest SGP has generated from utilities for the LVR2 product line, and expect more LVR2 sales success. In addition, we are truly excited about the interest SGP is receiving for our proposed commercial product lines. In this regard MicroPlanet has been investing significant time and effort into the 50 Hz version of our commercial 3 phase product line and we will initiate EU and Australian certifications before the end of 2011" Ironside explained.

"SmartGrid Partners is very pleased to be working with Essential Energy and MicroPlanet in introducing the LVR2 product line into NSW," said SGP Director Grahame Foulger. "There is growing interest in the MicroPlanet technology as a solution to manage voltage swing in the low voltage network as a result of connection of large numbers of photo-voltaic generation systems." Foulger added, "SGP is pleased to be facilitating the introduction of the MicroPlanet 3 phase product line. As low voltage networks move from passive unidirectional systems to active networks, this product will enable utilities to economically and efficiently manage low voltage distribution. The initial 50 Hz 3 phase units, sized at 112 and 225 kVA, are attracting a lot of interest around Australia and New Zealand."

About Essential Energy

Essential Energy is a New South Wales, Australian government-owned corporation, with responsibility for building, operating and maintaining one of Australia's largest electricity networks, delivering essential electric network services to more than 800,000 homes and businesses across 95 per cent of NSW, parts of southern Queensland and northern Victoria, with over 4,600 employees. http://www.essentialenergy.com.au/

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. http://www.smartgridpartners.com.au/

About MicroPlanet Technology Corp.

MicroPlanet is a provider of smart grid technology which significantly increases efficiency, quality, and conservation of electricity, solutions improve power quality and save energy by dynamically managing incoming voltage to a home or business through the use of patented, advanced power electronics. MicroPlanet's technology has been deployed in seven countries by more than 20 utilities, the U.S. military, and multiple 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 based in Woodinville, WA and is listed on the Toronto Venture Exchange, trading under the stock symbol: MP. http://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.  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.

NEITHER THE TSXV NOR ITS REGULATION SERVICES PROVIDER (AS THE TERM IS DEFINED IN THE POLICIES OF THE TSXV) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE. 

SOURCE MicroPlanet Technology Corp.

For further information:

MicroPlanet Investor Relations: MicroPlanet Company Contacts:
Dave Burwell / Grant Howard
The Howard Group
Ph: 888-221-0915
Fax: 403-237‐8387 
info@howardgroupinc.com
www.howardgroupinc.com
Brett Ironside
President & Chief Executive Officer
Tel:  425-984-2741
Fax: 425-984-2760 
bironside@microplanet.com
Kurt Maass
Chief Financial Officer
Tel:  425-984-2756
Fax: 425-984-2760
kmaass@microplanet.com

 

 

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