Stock Listing: MP:TSXV
Stock Listing (US): MCTYF: OTC
Outstanding Shares: 29.9 million
Web Site: www.microplanet.com
SEATTLE, WA, Feb. 5 /CNW/ - MicroPlanet, (MP:TSXV & MCTYF:OTC) a clean
technology, energy conservation company, announced today it has received an
order from the Company's Canadian distributor Greenvolt Energy Savings Corp.
("Greenvolt"), to supply $92,000 of its energy efficiency voltage regulation
products for various installations in Canada.
"Over the last year, Greenvolt has completed several successful pilot
projects with customers in Canada," said Bruce Lisanti CEO of MicroPlanet.
"The results of these pilots demonstrated that our products can
substantially reduce energy consumption and lower utility bills. This initial
order from our partner, Greenvolt, is a combination of commercial 3-Phase and
residential systems. Both MicroPlanet and Greenvolt see a very large potential
market for our products in Canada", 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 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,