Stock Listing: MP:TSXV
Stock Listing (US): MCTYF: OTC
Outstanding Shares: 29.9 million
Web Site: www.microplanet.com
SEATTLE, WA, Feb. 12 /CNW/ - MicroPlanet, (MP:TSXV & MCTYF:OTC) a clean
technology, energy conservation company, announced today that the Sacramento
Municipal Utility District (SMUD), has released their Advanced Technologies
Evaluation Report dated December 2007. The report demonstrates that
MicroPlanet products reduced kWh energy consumption by approximately 10% on
air conditioning and lighting loads. The testing was done over a 131 day
period at a customer site.
The SMUD report concluded that MicroPlanet products manage line voltage
to optimal levels, improving the efficiency of air conditioning systems and
reducing the amount of energy necessary for operations. SMUD also concluded
that deploying MicroPlanet products can boost line voltage where it is low,
mitigating voltage flicker and improving the power factor.
According to the SMUD report, MicroPlanet products saved significant
amounts of energy and improved the power quality for their customers. "Since
the majority of California's summer peak electric demand is due to residential
air conditioning, SMUD was particularly interested in evaluating the
efficiency of air conditioning systems operating at lower than typical utility
line voltages," said Bruce Lisanti CEO of MicroPlanet. "This report clearly
demonstrates the potential of our advanced technology to conserve energy."
"As a result of this report, SMUD is now looking at MicroPlanet's
products for their energy efficiency rebate programs. These programs encourage
energy conservation and can speed the large-scale adoption of our technology
in California. Both residential and commercial clients can substantially
reduce their energy consumption. Our customers can save energy, lower their
utility bills and help reduce greenhouse gas emissions", said Lisanti.
MicroPlanet is working with more than 30 utilities worldwide, in addition
to many large commercial accounts. The company has installed over 600 systems
in pilot programs, which continue to return very positive results.
5-8% reductions in energy consumption in residential applications and 5-12% in
commercial environments are common without requiring any changes in customer
About Sacramento Municipal Utility District
Based in Sacramento, California, SMUD is the nation's sixth largest
community-owned electric utility in terms of customers served. SMUD generates,
transmits and distributes electric power to a 900-square-mile service area.
For more information about SMUD, go to www.smud.org
About MicroPlanet Technology Corp.
MicroPlanet's technology helps to reduce the total amount of energy we
need to produce by significantly increasing the efficiency of the electric
grid. MicroPlanet's products dynamically manage the voltage delivered to a
business or home to optimal levels, which saves energy, lowers electricity
bills and helps reduce greenhouse emissions. The Company's products also
reduce peak period demand and can improve utility services. MicroPlanet
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.
For further information:
For further information: MicroPlanet Company Contacts: Bruce Lisanti,
President & CEO, Tel: (206) 625-0851, Fax: (206) 625-0999,
email@example.com; MicroPlanet Investor Relations: Gerry Wimmer,
INVESTORFILE.com, Tel: (416) 360-8895, Toll Free: 1-888-894-8222,