MicroPlanet Products Recognized by Australian Government



    Energy Minister Says MicroPlanet Products Will Improve Power Quality and
    Reduce Greenhouse Gas Emissions

    Stock Symbol: MP: TSXV
    Stock Symbol: MCTYF: OTC
    Outstanding Shares: 29.8 million
    Web Site: www.microplanet.com

    SEATTLE, Oct. 29 /CNW/ - MicroPlanet (MP:TSXV, MCTYF:OTC) a high
technology, energy conservation company, announced today that The Hon. Geoff
Wilson, Minister for Mines and Energy for the State Government of Queensland,
Australia officially addressed the implementation of MicroPlanet products in
Queensland.
    Minister Wilson in his address to the Parliament said, "Ergon Energy had
signed a multi-million dollar contract for 3,000 (MicroPlanet) low voltage
regulators to boost its electricity network. These (MicroPlanet) regulators
are designed to reduce power surges and maintain a steady voltage to homes and
businesses. The (MicroPlanet) low voltage regulators will be particularly
helpful for businesses that use industrial machinery and other equipment.
Ergon Energy advises it will lead to reduced wait times in fixing voltage
problems and a reduction in greenhouse gas emissions."
    Minister Wilson continues, "This is about quality control and it will fix
problems such as lights going dim, when at other times they are bright. Low
voltage regulators stabilize the voltage and keep the quality of electricity
steady. Customers expect reliable power, and that's the main reason why these
(MicroPlanet) low voltage regulators appealed to Ergon Energy."
    "They trialed the new technology (MicroPlanet) for about six months, and
achieved excellent results. According to Ergon Energy, the way in which the
simple innovation worked was better than anything else they had seen," said
Minister Wilson. "Previously, some voltage problems on the network had been
difficult and even impractical to solve by conventional means. These
(MicroPlanet) regulators, the size of a briefcase, have been adapted to suit
our Queensland climate."
    The Minister said Ergon Energy planned to install the (MicroPlanet)
regulators on power poles in parts of its rural network, including remote
parts of Torres Strait. Delivery is expected early next year from US-based
company, MicroPlanet.
    "We thank the Minister and the State Government of Queensland for
recognizing MicroPlanet's products as an effective solution to improve power
quality and reduce greenhouse gas emissions in their region," said Bruce
Lisanti, President and CEO of MicroPlanet.
    "MicroPlanet is working with more than 20 utilities worldwide, in
addition to many large commercial accounts. We have now installed over 600
systems in pilot programs with customers that have the potential to place
significant commercial orders. Our pilot programs 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 behavior patterns," said Lisanti.
    To view The Hon. Geoff Wilson, Minister for Mines and Energy official
release, visit the Company Media section at www.microplanet.com.

    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. Visit MicroPlanet
at 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.

    %SEDAR: 00020555E




For further information:

For further information: MicroPlanet Company Contacts: Bruce Lisanti,
President & CEO, Tel: (206) 625-0851, Fax: (206) 625-0999,
blisanti@microplanet.com; MicroPlanet Investor Relations: Gerry Wimmer,
INVESTORFILE.com, Tel: (416) 360-8895, Toll Free: 1-888-894-8222,
gwimmer@investorfile.com

Organization Profile

MicroPlanet Technology Corp.

More on this organization


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890