GREY:MCTYF - Post by User
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Endorseon May 24, 2012 9:26am
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Post# 19940955
2012 Update
2012 UpdateStill pushing forward with new product developments:
"MicroPlanet is finally nearing completion and certification of its flagship category-changing product line and fostering relationships with potential testimonial customers in appropriately targeted jurisdictions," stated Brett Ironside, MicroPlanet President and CEO. "The past quarters have presented unique challenges due to cash flow limitations, but we were able to weather the storm thanks to the continued support of our employees and several key investors in Canada and the United States. Because of their support, we were able to continue critical work on the certification of products and development of customer relationships."
Ironside continued, "We expect to receive final certification for various new models of our new commercial product line over the next few months, and will then deliver these products to potential customers in Australia for final testing and verification. We remain encouraged that these products will deliver on the key aspects of our value proposition - bi directionality, full data, improved power quality, and reduced costs - which will lead to significant testimonial sales in the coming quarters, followed by meaningful sales to these and additional customers thereafter."