Company: MicroPlanet Technology Corp.
Stock Listing: MP:TSXV
Stock Listing (US): MCTYF: OTC
Web Site: www.microplanet.com
SEATTLE, Jan. 27 /CNW/ - MicroPlanet, (MP:TSXV & MCTYF:OTC) a clean technology, energy conservation company, announced today that it has completed the development of a new generation of voltage management systems that offer utilities significant advances in performance, functionality and communications capability for energy conservation and the integration of renewable energy sources, including solar and wind.
MicroPlanet has delivered its current products to over 40 customers in 8 countries. "We have been working with our utility customers over past several years to develop a next generation product which features advancements beyond any other technologies available on the market today. We expect that these new, advanced systems will have great appeal to our clients in Australia, the US and around the world," said Bruce Lisanti, CEO of MicroPlanet.
"The new MicroPlanet systems dynamically manage voltage up and down to a tolerance of 1/2 of a volt, and are able to respond in less than a cycle. They are capable of reducing most instances of flicker by more than 60%," said Lisanti. "Being able to significantly reduce flicker has been an objective of utilities for a long time."
Lisanti continues, "We have a significant backlog of orders from our utility customers and deliveries of our new generation voltage management systems will begin in March."
"Recent advancements in our technology have also accelerated our relationships with several large photovoltaic companies to integrate our technology with their inverters. When the MicroPlanet voltage management technology is combined with a photovoltaic inverter, the energy consumption of the home or commercial building is lowered and the power that flows back to the grid is regulated to optimal levels." said Lisanti. "As we move into an era with more renewable energy, like solar and wind generation, grid stabilization is becoming a very important factor. To effectively utilize these renewable sources, we need a dynamic grid that responds to variable generation and load changes while keeping voltage stable. MicroPlanet's voltage management products are becoming an important part of this new, more flexible grid."
About MicroPlanet Technology Corp.
MicroPlanet Technology Corp. is a clean tech, energy conservation company, whose technology improves power quality and saves 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 reduce electric consumption by an average of 7%, while reducing maintenance costs and greenhouse gases emissions. Installation of MicroPlanet products by utilities has proven to improve power quality and 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. 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.
NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THE TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
SOURCE MicroPlanet Technology Corp.
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, email@example.com