MicroPlanet HVR(TM) Product Goes Live at Hood River Electric Cooperative28 September 2005
MicroPlanet Technology Corp. (TSXV:MP) ("MicroPlanet" or the "Company"), a developer of distributed-energy technologies to improve electric power grid reliability and efficiency announced today the completion of a product deployment of the Company's High Voltage Regulators(TM) (HVR(TM)) at the Hood River Electric Cooperative. Hood River Electric Cooperative, a US Pacific Northwest utility serving 2,500 customers, completed the installation phase of 25 MicroPlanet's HVR(TM) to maximize efficiency of its distribution system by regulating voltage to homes. The HVR(TM) is a point-of-consumption voltage regulator that is installed at the delivery interface between the electric grid and the utilities customer. The installation is part of a multi-year initiative to improve the efficiency of the Pacific Northwest electric distribution system through a technology transfer program conducted by the Northwest Energy Efficiency Alliance ("the Alliance"). The Alliance program - called the Distribution Efficiency Initiative overseeing the installation, is a non-profit group of electric utilities, state governments, public interest groups and efficiency industry representatives. MicroPlanet's High Voltage Regulator(TM) provides an energy efficiency tool that can be rapidly deployed for peak load reduction, conservation and an interface for distributed generation such as fuel cells, wind turbines, solar devices or microturbines. The HVR(TM) reduces energy consumption by improving the efficiency of the existing connection to the utility distribution infrastructure and can help reduce operating and capital expenditures for electric utilities by reducing exposure to the spot market for power and offering a significantly lower cost alternative to traditional generation, transmission and distribution infrastructure. HVR(TM) is the fastest and cheapest way to increase grid capacity, with no environmental impact.
About MicroPlanet Technology Corp. Based in Seattle, Washington, MicroPlanet is a distributed-energy technologies company that offers least-cost energy solutions for utilities and customers to promote more reliable power delivery and electrical energy conservation. The Company manufactures and markets a proprietary line of electronic voltage regulation products. MicroPlanet's Low Voltage Regulator(TM) (LVR(TM)), High Voltage Regulator(TM) (HVR(TM)), Enterprise Voltage Regulator(TM) (EVR(TM)) and Enterprise Voltage Regulator 3P(TM) (EVR 3P(TM)), regulate the voltage delivered to a business or home, reducing the amount of electricity needed. MicroPlanet's voltage compliance products provide electric utilities a new tool for peak load reduction, conservation, low voltage mitigation and an interface for distributed generation. MicroPlanet is a public company whose common shares are listed for trading on TSX Venture Exchange (TSXV) under the symbol: "MP". The Company has approximately 21.0 million common shares outstanding. Visit MicroPlanet at: www.microplanet.com and www.investorfile.com. MicroPlanet is a trademark of MicroPlanet. All other trademarks and registered trademarks are those of their respective companies.
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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For further information: MicroPlanet Company Contacts: Brian Reidy, President & Chief Executive Officer, Tel: (206) 625-0851, dbreidy@microplanetltd.com; MicroPlanet Investor Relations: Gerry Wimmer, INVESTORFILE.com, Tel: (416) 360-8895, Toll Free: 1-888-894-8222, gwimmer@investorfile.com
Source: NewsWire
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