Company: MicroPlanet Technology Corp.
Stock Listing: MP:TSXV
Stock Listing (US): MCTYF: OTC
Web Site: www.microplanet.com
SEATTLE, WA, May 26 /CNW/ - MicroPlanet, (MP:TSXV & MCTYF:OTC) a smart
grid, energy conservation company, announced today the deployment of
MicroPlanet's smart grid technology at US Marines Corps Base Hawaii at Kaneohe
Bay, to save energy and extend equipment life. The first MicroPlanet 3-Phase
system at the US Marines Corps Base is expected to be delivered in the third
quarter of 2009.
A pilot program of MicroPlanet's system was conducted at the K-Bays Lanes
bowling center Marines Corps Base Hawaii at Kaneohe Bay. "For a number of
years the K-Bay Lanes building No.1666 had very high maintenance costs due to
power quality problems. Most of the equipment in the facility is controlled by
computers, like the lighting systems, pin setters and scoring consoles," said
Bruce Lisanti CEO of MicroPlanet. "After MicroPlanet installed its system, the
bowling center reported a major decline in the number of equipment failures in
2008 from the same period in 2007, as well as substantially reduced
electricity usage. By lowering maintenance expenses and reducing energy
consumption, the system we are installing at K-Bay for the Marines is expected
to have a payback of less than 2 years."
"As we move into an era with more renewable energy when solar and wind
generation are being added to the power grid, these renewable sources do not
always deliver power consistently, which can lead to fluctuations on the grid
and a decrease in the quality and stability of power delivered to customers",
said Lisanti. "MicroPlanet's smart grid technology improves power quality at
the point of delivery and dynamically raises or lowers and balances incoming
voltage to optimal and constant desired set point. MicroPlanet 3-Phase voltage
management systems are an important part of the new Smart Grid."
Lisanti continues, "Given the success of pilot program, the Marines
Base's facility manager and MicroPlanet are conducting a survey of the entire
US Marines Corps Base at Kaneohe Bay and are looking at facilities in Guam, to
potentially deploy MicroPlanet's voltage management systems on many of these
commercial and residential buildings as a cost effective way to save energy,
improve power quality and reduce greenhouse emissions."
About MicroPlanet Technology Corp.
MicroPlanet Technology Corp. is a smart grid, energy conservation company
whose technology improves power quality and saves electric energy by the
dynamic management of incoming voltage to a home or business. In commercial
and residential building installations, MicroPlanet products have been proven
to significantly reduce electric bills, maintenance costs and greenhouse
gases. Installation of MicroPlanet products for utilities has improved utility
services and facilitates the integration of renewable energy sources,
including solar and wind, to the power grid. MicroPlanet is based in Seattle,
WA and is listed on the TSX Venture Exchange (TSX-V) trading under the stock
symbol: MP. MicroPlanet's website is 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.
For further information:
For further information: MicroPlanet Company Contacts: Bruce Lisanti,
President & CEO, Tel: (206) 625-0851, Fax: (206) 625-0999,
firstname.lastname@example.org; MicroPlanet Investor Relations: Gerry Wimmer,
INVESTORFILE.com, Tel: (416) 360-8895, Toll Free: 1-888-894-8222,