MicroPlanet Technology (GM) (USOTC:MCTYF)
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Company: MicroPlanet Technology Corp. Stock Listing: MP: TSXV Stock Listing (US): MCTYF: OTC Web Site: www.microplanet.com
SEATTLE, Aug. 11 /PRNewswire-FirstCall/ -- MicroPlanet (MP:TSXV MCTYF:OTC), a smart grid, energy conservation company, announced today the deployment of MicroPlanet's smart grid technology for the US Coast Guard. The US Coast Guard ("USCG") has placed an order to install MicroPlanet voltage management systems as a cost effective way to save energy, improve power quality and reduce greenhouse emissions for their facilities in Hawaii.
Bruce Lisanti, President and CEO of MicroPlanet said, "The USCG commitment to energy conservation and sustainability practices represents a large scale commercial opportunity for MicroPlanet's Smart Grid technology. We look forward to working with them to deploy our voltage management systems on USCG facilities throughout the USA over the next few years to help them meet their energy conservation objectives."
"The US Coast Guard's deployment follows the recent decision by US Marines Corps base in Hawaii to deploy MicroPlanet's smart grid technology," said Lisanti. "The Company continues to extend its reach in agencies like Homeland Security and the Department of Defense (DOD) where the commitment to energy efficiency is a high priority."
MicroPlanet's Smart Grid technology improves power quality at the point of delivery and dynamically raises or lowers and balances incoming voltage to optimal and constant desired set point as well as substantially reduce electricity usage.
About MicroPlanet Technology Corp.
MicroPlanet Technology Corp. is a smart grid, 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 http://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.
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DATASOURCE: MicroPlanet Technology Corp.
CONTACT: MicroPlanet Company Contacts: Bruce Lisanti, President CEO,
Tel: (206) 625-0851, Fax: (206) 625-0999, ;
MicroPlanet Investor Relations: Gerry Wimmer, INVESTORFILE.com, Tel: (416)
360-8895, Toll Free: 1-888-894-8222,