2nd Major Austrailian Utility buys MP productsMicroPlanet (TSXV-MP) - 2nd Major Australian Utility Deploys MicroPlanet Products
SEE NEWSWIRE LINK: https://www.newswire.ca/en/releases/archive/December2008/10/c8579.html
MICROPLANET PRODUCTS DEPLOYED BY SECOND MAJOR AUSTRALIAN UTILITY
Powercor Australia places initial commercial order for MicroPlanet products to dynamically manage voltage at optimal levels to save energy, improve power quality and reduce greenhouse gas emissions
Seattle, WA. – December 10, 2008 – MicroPlanet, (MP:TSXV & MCTYF:OTC) a clean technology, energy conservation company, announced today that Powercor Australia has placed a commercial order to deploy MicroPlanet products to dynamically manage voltage at optimal levels, saving energy and reducing greenhouse gas emissions. Deliveries for Powercor’s initial order of 30 MicroPlanet systems, valued at US $125,000, are expected to begin in the first quarter of 2009.
Powercor’s commitment to begin the commercial deployment of MicroPlanet products follows successful lab tests and pilot tests at three field locations in Australia.
“Powercor joins Ergon Energy, which has ordered 3,000 MicroPlanet systems to date, as the second major utility to utilize our products as an integral tool for improving the efficiency of the electrical grid in Australia”, said Bruce Lisanti, CEO of MicroPlanet.
Lisanti continues “Since Ergon Energy’s commitment to a large scale deployment of MicroPlanet products, other major utilities in Australia have been working with MicroPlanet to test and deploy our products, which are designed to withstand the extreme environmental conditions experienced in Australia and to improve efficiency across networks that span long distances over difficult terrain.”
“MicroPlanet is also working with more than 30 other utilities worldwide, in addition to many large commercial accounts. We have now installed over 600 systems in pilot programs with customers that have the potential to place significant commercial orders. Our pilot programs continue to return very positive results. Reductions in energy consumption of 5-8% in residential applications and 5-12% in commercial environments are common without requiring any changes in customer behavior patterns,” said Lisanti.
About Powercor Australia:
Powercor is one of a group of Australian utilities that share ownership, including CitiPower and ETSA, which combined deliver electricity to nearly two million homes and businesses in Australia. Cheung Kong Infrastructure Ltd (CKI) and Hong Kong Electric Holdings Ltd (HEH) together own 51 per cent of Powercor, CitiPower and ETSA. Both CKI and HEH are members of the Cheung Kong group of companies, are listed on the Hong Kong Stock Exchange. The Group operates in 55 countries and employs about 240,000 people. The remaining 49 per cent of the three utilities is owned by Spark Infrastructure, a specialist infrastructure group listed on the Australian Stock Exchange. Website information: https://www.powercor.com.au/.
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. MicroPlanet website: www.microplanet.com.
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MicroPlanet Company Contacts:
Bruce Lisanti
President &
Chief Executive Officer
Tel: 206-625-0851
blisanti@microplanet.com
MicroPlanet Investor Relations
Gerry Wimmer
INVESTORFILE.com
Tel:416-360-8895
Toll Free: 1-888-894-8222
gwimmer@investorfile.com
INVESTOR RELATIONS CONTACT:
Gerry Wimmer
INVESTORFILE.com
T: 416-360-8895 / TF: 1-888-894-8222
E: gwimmer@investorfile.com