MicroPlanet Wins Contract to Supply Smart Grid Products to National Guard

Oct 07, 2010, 13:56 ET from MicroPlanet Technology Corp.

    Company: MicroPlanet Technology Corp.
    Stock Listing: MP:TSXV
    Stock Listing (US): MCTYF: OTC
    Web Site: www.microplanet.com

SEATTLE, Oct. 7 /PRNewswire-FirstCall/ - MicroPlanet, (MP:TSXV & MCTYF:OTC) a smart grid energy conservation company, announced today that the Company will supply its smart grid products to the Hawaii Army National Guard to reduce energy consumption and improve power quality. The National Guard will take delivery of MicroPlanet's multi-phase voltage optimization equipment for installation at on-base facilities in Hawaii.

The National Guard joins the US Coast Guard and US Marines in deploying MicroPlanet's smart grid products in Hawaii. "The isolated electric grid in the Hawaiian Islands, creates a high electricity cost environment that has inherent power quality issues which present an ideal operating environment to capitalize on the benefits of MicroPlanet's smart grid products," said Brett Ironside, CEO & President of MicroPlanet. "By optimizing voltage delivered to on-base facilities, power consumption will decrease, power quality will increase, and overall costs and greenhouse gas emissions will fall."

MicroPlanet has invested a significant amount of time and resources to attract business from Government agencies that have mandates to become more energy efficient. "To enhance our sales strategy, MicroPlanet smart grid products are now listed on the United States government's General Services Administration ("GSA") website as an approved component which supports the U.S. federal government's energy conservation strategy. Through the GSA schedule and website, MicroPlanet products are available to all U.S. federal government purchasing agents at a preferred price," said Ironside.

About MicroPlanet Technology Corp.

MicroPlanet Technology Corp. smart grid energy management solutions improve power quality and save energy by dynamically managing incoming voltage to a home or business through the use of patented, advanced power electronics. MicroPlanet's technology has been deployed in seven countries by more than 20 utilities, the U.S. military and multiple 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 based in Seattle, WA and 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 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.

NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THE TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

SOURCE MicroPlanet Technology Corp.