Company: MicroPlanet Technology Corp.
Stock Listing: MP:TSXV
Stock Listing (US): MCTYF: OTC
Web Site: www.microplanet.com
SEATTLE, March 15 /CNW/ - MicroPlanet, (MP:TSXV & MCTYF:OTC) a smart grid energy conservation company announced today that director Brett Ironside will return as the Company's President and Chief Executive Officer. The Company's Board of Directors thanks Mr. Bruce Lisanti for his contribution over the past 3 years.
Brett Ironside commented, "I am excited to reassume the role of President & CEO as utilities worldwide are actively pursuing smart grid technologies for large-scale grid efficiency deployments. My immediate focus will be joining our sales team and meeting with key customers around the world to maximize our sales momentum in 2010 for our next generation smart grid energy conservation products for both the utility and commercial marketplaces."
Ironside continued, "Energy efficiency technologies such as ours are gaining acceptance as prospective customers recognize the return on investment, power quality improvements, environmental benefits, and grid stability that can be gained from deploying the class leading technology offered by MicroPlanet. Our R&D, engineering, manufacturing and operations teams have positioned this Company to deliver the new products that our customers want, in quantity and at margin."
"As a major shareholder of MicroPlanet, I am committed to raising the profile of the Company within the clean tech investment community," said Ironside. "I am extremely optimistic about the growth potential of MicroPlanet and the emerging energy efficiency marketplace."
About MicroPlanet Technology Corp.
MicroPlanet Technology Corp. smart grid energy management 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 Seattle, WA and is listed on the TSX Venture Exchange (TSX-V) trading under the stock symbol: MP. 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.
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SOURCE MicroPlanet Technology Corp.
For further information: For further information: MicroPlanet Company Contacts: Brett Ironside, President & CEO, Tel: (206) 625-0851, firstname.lastname@example.org; Kurt Maass, CFO, Tel: (206) 332-9169, email@example.com; MicroPlanet Investor Relations: Gerry Wimmer, INVESTORFILE.com, Tel: (416) 360-8895, Toll Free: 1-888-894-8222, firstname.lastname@example.org