MicroPlanet products built-in to US Military base expansion

Stock Listing: MP:TSXV
Stock Listing (US): MCTYF: OTC
Web Site: www.microplanet.com

SEATTLE, WA, Jan. 10 /CNW/ - MicroPlanet Technology Corp. ("MicroPlanet" or the "Company"), (MP:TSXV & MCTYF:OTC) a smart grid energy conservation company, announced today that the Company will supply smart grid products through its distributors to the US Department of Defense for new base housing construction in Guam. The US Defense is planning the construction of an expanded military base in Guam that will require building housing for thousands of troops, their families and support personnel. MicroPlanet voltage optimization products will be deployed on 15 prototype multi-family residential units to be constructed on the base contributing to best practices supporting the Guam build-up and to reduce energy consumption and improve power quality.

"The completely oil based electrical grid infrastructure in Guam, is notoriously unstable and electricity prices in Guam are among the highest in the United States and its territories" said Brett Ironside, CEO of MicroPlanet. "Voltage optimization on Guam specifically, leads to significant power quality improvement on a very volatile grid, reduced energy consumption of high cost carbon based electricity, and lower green house gas and carbon emissions."

"This order is extremely significant for MicroPlanet in many different ways, and is incremental to our other US government budget allocation efforts," stated Brett Ironside, President and CEO. "This purchase order marks the first migration of our next generation voltage optimization equipment in a non utility environment, and marks an early launch of the new commercial and scalable platform developed over the past 9 months. Perhaps even more importantly, MicroPlanet's next generation commercial voltage optimization technology was included in the drawings and tender for the Guam project, and marks the first time that MicroPlanet products have been included in the specifications for new construction on a US Military base." Ironside continued, "We are hopeful that the inclusion of our products in the specifications for this new construction will crystallize our value proposition and will lead to the standardization of our voltage optimization technology in future new construction."

"MicroPlanet's products use patented technology to optimize voltage as close to the point of consumption as possible. Precise, extremely fast, and highly efficient optimization of voltage produces the benefits of reducing peak demand, reduced energy consumption, and improving power quality." Ironside explained, "Our ability to provide significant improvements in the quality of power leads to measurable savings resulting from more efficient operation of and longer life for electric equipment such as pump motors, refrigeration units, HVAC systems, appliances, lighting, and electronic components.  In addition, the units significantly reduce flicker in voltage sag situations, balance the phases of three phase loads, and provide utility grade surge suppression."

MicroPlanet has invested tens of millions of dollars the past years creating leading edge, patented, voltage optimization products as well as considerable time and resources to attract business from utilities and government agencies that have mandates to become more energy efficient and environmentally friendly. Given the current utility constraints and future requirements on Guam, we expect the US government will receive a quick return on this investment and hope this leads to accelerated adoption across different military departments and other levels of government.

Non-Brokered Private Placement

The Company also announced plans to complete a non-brokered private placement. The Company intends to raise between C$1,000,000 and C$1,500,000 in equity capital at C$.10 per share of the Company's common stock. Each share will carry a warrant to purchase one share of Company stock at C$.15 for 24 months following the closing. The Company anticipates that certain directors and members of the management team may participate in this private placement.

About MicroPlanet Technology Corp.

MicroPlanet Technology Corp. smart grid energy management solutions improve power quality and save energy by dynamically managing incoming voltage to a home or business through the use of patented, advanced power electronics. MicroPlanet's technology has been deployed in seven countries by more than 20 utilities, the US military and multiple commercial customers to save energy, improve power quality and grid efficiency and to 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. 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:

MicroPlanet CompanyContacts:
Brett Ironside
President & CEO
Tel: 206-625-0851
bironside@microplanet.com

Kurt Maass
CFO
Tel: 206-332-9169
kmaass@microplanet.com

MicroPlanet Investor Relations:
Gerry Wimmer
INVESTORFILE.com
Tel:  416-360-8895
gwimmer@investorfile.com

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MicroPlanet Technology Corp.

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