MicroPlanet Technology Corp MCTYF

Partnership with Ergon Energy brings Smart Grid to

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INVESTORFILE.com
Monday, January 12, 2009

MicroPlanet (TSXV-MP) - Partnership with Ergon Energy Brings Smart Grid Technology to Australia

SEE NEWSWIRE LINK: https://www.newswire.ca/en/releases/archive/January2009/12/c6567.html

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MicroPlanet and Ergon Energy Form Partnership to Bring Smart Grid Technology to Australia

Seattle, WA. – January 12 , 2009 – MicroPlanet, (MP:TSXV & MCTYF:OTC) a clean technology, energy conservation company, announced today that it has entered into a agreement with Ergon Energy for the distribution of MicroPlanet’s voltage management products to customers in Australia.

With an asset base of $6.7 billion and more than 4,000 employees, Ergon Energy distributes electricity to approximately 600,000 customers in regional Queensland, Australia. Its network is the largest of its kind operated by a single distributor, which comprises more than 150,000 kilometers of electricity lines, about 1 million power poles and 70,000 substations.

“Ergon Energy is utilizing the MicroPlanet technology internally to help improve the quality of supply of our electricity network,” General Manager Ken Ash said. “We have initially purchased 3,000 MicroPlanet systems for our own network, and based on the success of these programs, we entered into the distribution agreement to supply the product to other utilities and commercial customers facing similar network challenges.”

“While we originally intended to utilize the new technology on single wire earth return (SWER) networks, we are now expecting there will be a much wider application for the (MicroPlanet) product, including energy conservation,” said Ash.

“This agreement with a major utility like Ergon Energy further validates MicroPlanet’s technology as a standard solution to solve common utility problems and to help modernize the power grid,“ said Bruce Lisanti, CEO of MicroPlanet. “MicroPlanet products help utilities respond quickly to their customer’s concerns and reduce capital investment in transmission and distribution equipment as well as lowering overall operating costs.”

“MicroPlanet’s advanced technology also reduces energy consumption from 5% to 12% in conservation applications and helps speed the adoption of renewable energy sources by stabilizing voltage on the electrical grids. We are very excited about our partnership with Ergon Energy. They are a very well respected and innovative utility and will be able to help us expand rapidly in Australia,” said Lisanti.

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.

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.

THE TSX VENTURE EXCHANGE HAS NEITHER APPROVED NOR DISAPPROVED OF THE INFORMATION CONTAINED HEREIN.

MicroPlanet Company Contacts:

Bruce Lisanti

President &

Chief Executive Officer

Tel: [phone]

[e-mail]

MicroPlanet Investor Relations

Gerry Wimmer

INVESTORFILE.com

Tel:[phone]

Toll Free: 1-888-894-8222

[e-mail]

INVESTOR RELATIONS CONTACT:
Gerry Wimmer
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