California pilot converts to commercial roll out after reducing Flying
J's electric energy consumption by 8.78%
Stock Listing: MP:TSXV
Stock Listing (US): MCTYF: OTC
Web Site: www.microplanet.com
SEATTLE, WA, Oct. 20 /CNW/ - MicroPlanet, (MP:TSXV & MCTYF:OTC) a clean
technology, energy conservation company, announced today that Flying J Inc.
has placed an order to install MicroPlanet's commercial 3-Phase voltage
management systems in its travel plazas and fuel stops located in North
America, to save energy and reduce expenses. The first 3 systems will be
installed in early 2009, followed by an additional 7 locations when the
testing and training procedures are accepted by Flying J. The order is valued
at approximately $300,000 US.
Flying J conducted a pilot program over a six month period to test the
effectiveness of MicroPlanet voltage management products at one of its
facilities in California. The results of the pilot indicated the MicroPlanet
voltage management technology will reduce kWh consumption at their facilities
an average of 8.78%.
"The results of the Flying J pilot tests and the subsequent commercial
order, continues the 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. Following the successful installation
of these 10 systems, we expect to work with the management at Flying J on
installing our systems in their other facilities." said Bruce Lisanti, CEO of
Flying J Inc., an Ogden, Utah based corporation, is the largest retail
distributor of diesel fuel in North America and is among the top 20 in Forbes'
500 Largest Private Companies in America with 2007 sales exceeding $16.2
billion. This fully integrated oil company currently employs over 16,000
people nationwide through its interstate operations, transportation, refining
and supply, exploration and production as well as its financial services and
communications divisions. Flying J's sophisticated network of over 250
state-of-the-art travel plazas and fuel stops is located along national
highways in 41 states and six Canadian Provinces. Another 30 facilities are
presently under construction or in various stages of the permitting process
with openings scheduled throughout the next two years.
MicroPlanet has signed multiple pilot agreements in 2008 with major fast
food, grocery and convenience store chains to install the Company's voltage
management systems in locations throughout the US. The results of these pilots
are demonstrating that MicroPlanet's voltage management technology can reduce
electric energy consumption in commercial environments from 5% to 12%, without
requiring customers to make any other changes in usage behavior or equipment.
MicroPlanet's voltage management technology improves power quality at the
point of delivery for a home or business and dynamically raises or lowers in
addition to balancing incoming voltage to an optimal and constant set point
which saves energy and reduces maintenance costs.
About MicroPlanet Technology Corp.
MicroPlanet Technology Corp. is a clean tech 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.
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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,