Stock Listing: MP:TSXV
Stock Listing (US): MCTYF: OTC
Outstanding Shares: 29.9 million
Web Site: www.microplanet.com
SEATTLE, March 11 /CNW/ - MicroPlanet, (MP:TSXV & MCTYF:OTC) a clean
technology, energy conservation company, announced today that Maui Land &
Pineapple Company has placed an order to install MicroPlanet systems to save
energy and reduce greenhouse gas emissions on commercial buildings located at
the Kapalua Resort in Hawaii. The initial order for the first phase of the
project is for 14 systems and valued at approximately $350,000. Deliveries are
expected to begin in June, 2008.
Maui Land & Pineapple conducted a pilot program over a six month period
to test the effectiveness of MicroPlanet products on its commercial facilities
at the Kapalua Resort. The results of the pilot indicated the MicroPlanet
technology saved an average of 12.87% on kWh consumption and reduced kVAR
(demand) by 34.48%.
The Kapalua Resort is a 23,000-acre, master-planned community with
approximately 1,200 commercial and residential buildings set amidst a working
pineapple plantation on Maui's northwest coast. "Maui Land & Pineapple
Company's commitment to energy conservation and sustainability practices at
Kapalua represents a large scale commercial opportunity for MicroPlanet. We
look forward to working with Maui L&P at these sites and on their other
buildings over the next few years to help them meet their conservation
objectives," said Bruce Lisanti, President and CEO of MicroPlanet.
"The results of the Kapalua pilot tests and the subsequent initial
commercial order, is validation that our new commercial 3-Phase products are
being rapidly adopted to reduce energy consumption and lower electrical bills.
MicroPlanet's products are now being deployed on a large scale by both
businesses and utilities as a cost effective way to save energy, improve power
quality and reduce greenhouse emissions," concluded Lisanti.
MicroPlanet has signed multiple pilot agreements in 2007 and 2008 with
major fast food, grocery and convenience store chains to install systems
throughout the US. The results of these pilots are showing that this
technology can reduce energy consumption in commercial environments from 5% to
12%, without requiring customers to make any other changes in behavior or
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. In areas where
substantial energy is generated from wind and solar, MicroPlanet systems also
help to balance the voltage levels, improving the power quality for
residential and commercial users." MicroPlanet website: www.microplanet.com.
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,