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[January 30, 2013]
MicroPlanet Announces Follow-On Order From Australian Utility
SEATTLE, WA, Jan. 30, 2013, 2013 (Canada NewsWire via COMTEX) -- Company: MicroPlanet Technology Corp.
Stock Listing: TSXV - MP Stock Listing (US): OTC - MCTYF Web Site: www.microplanet.com MicroPlanet Technology Corp. ("MicroPlanet" or the "Company"), (TSXV - MP & OTC - MCTYF) (www.microplanet.com), a smart-grid energy conservation and power quality company, is pleased to announce that it has received initial payments for a follow-on order from SA Power Networks (SA) of Australia (www.sapowernetworks.com.au), formerly known as ETSA Utilities. The sale of 20 Low Voltage Regulator-2's (LVR-2's) and two of the new Smart Voltage Regulators (SVRs) was facilitated by MicroPlanet's Australian distributor, Brisbane-based SmartGrid Partners.
SA Power Networks operates the South Australian electricity distribution network and is the fifth largest utility in the Australian national electricity market. The company's network services about 830,000 residential and business customers throughout South Australia.
This follow-on order of LVR's after its first order nine months ago demonstrates confidence in MicroPlanet technology and that our products are becoming standard equipment more widely deployed by the nation's largest rural electrical utilities. The LVR-2 offers an efficient and cost-effective way to improve power quality and maintain voltage compliance to individual customers. "We look forward to obtaining more consistent orders from SA Power Networks and our other utility customers as they continue to adopt and implement our technology" stated Brett Ironside, MicroPlanet president and CEO.
Perhaps more importantly, the order included two new MicroPlanet three phase SVR's for SA Power Networks to trial and assess for performance characteristics and potential applications in their 3 phase LV network.
The SVR is a much larger unit than the LVR-2 with many more applications, and as stated in prior releases helps solve distributed generation integration challenges that are becoming common with utilities in Australia. The SVR is MicroPlanet's standalone unit containing the same technologies that Tyree Industries Pty Ltd. (Tyree) recently licensed. Microplanet is well into prototyping the technology into distribution Transformers creating the RegformerTM. "We expect these two products will be complementary in their respective segments, accelerating the sales of each other in their own target markets as users learn and understand the features and applications," continued Mr. Ironside.
About SmartGrid Partners SmartGrid Partners is a solutions integrator established to provide strategic advisory and venture capability in the rapidly emerging Smart Grid domain. Based in Brisbane, Queensland, Australia, SGP was founded by veterans of the electricity and energy sectors with decades of hands-on experience leading and advising energy concerns in Australia and the United Kingdom. www.smartgridpartners.com.au About MicroPlanet MicroPlanet's smart grid energy management solutions improve power quality and save energy by regulating incoming voltage to a home or business with patented power electronics. Its technology has been deployed in eight countries by more than twenty utilities, the U.S.
military and numerous 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 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. 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 THE TSXV NOR ITS REGULATION SERVICES PROVIDER (AS THE TERM IS DEFINED IN THE POLICIES OF THE TSXV) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
SOURCE: MicroPlanet Technology Corp.
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SOURCE: MicroPlanet Technology Corp.
MicroPlanet Investor Relations: Dave Burwell / Grant Howard The Howard Group Ph: 888-221-0915 Fax: 403-237-8387 email@example.com www.howardgroupinc.com MicroPlanet Company Contacts: Brett Ironside President & Chief Executive Officer Tel: 206-625-0851 Fax: 206-625-0999 firstname.lastname@example.org
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