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
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
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,
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IN DOCUMENTS FILED WITH REGULATORY AUTHORITIES, SUCH AS THE COMPANY'S
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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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DEFINED IN THE POLICIES OF THE TSXV) ACCEPTS RESPONSIBILITY FOR THE
ADEQUACY OR ACCURACY OF THIS RELEASE.
SOURCE: MicroPlanet Technology Corp.
To view this news release in HTML formatting, please use the following URL: http://www.newswire.ca/en/releases/archive/January2013/30/c9368.html
SOURCE: MicroPlanet Technology Corp.
MicroPlanet Investor Relations: Dave Burwell / Grant Howard The Howard Group Ph:
888-221-0915 Fax: 403-237-8387 firstname.lastname@example.org www.howardgroupinc.com
MicroPlanet Company Contacts: Brett Ironside President & Chief Executive Officer Tel:
206-625-0851 Fax: 206-625-0999 email@example.com
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