MicroPlanet Gains Ul Certification for Two New Products and Announces Sales and Deliveries
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Company: MicroPlanet Technology Corp.
Stock Listing: TSXV: MP
Stock Listing (US): PINK: MCTYF
Web Site: www.microplanet.com
SEATTLE - MicroPlanet, (TSXV: MP & PINK: MCTYF) a provider of smart grid technology, which significantly increases efficiency and conservation of electricity announced today that it has received Underwriters Laboratories ("UL") certification for two of its next generation voltage regulators. Additionally, the company has delivered its patented technology devices to new utility and commercial customers.
UL Certification
The Company has received UL certification for two of its commercial next generation voltage regulators. These regulators include all of the enhancements, data, and communications features the company has been working on the past year. UL certification is required for commercial and residential installations on customer premises in North America and demonstrates that MicroPlanet technologies are designed and manufactured with parts and processes that deliver maximum safety. "The UL certifications we recently received are an important milestone for MicroPlanet," commented Mr. Brett Ironside, President and CEO. "We have added important products to our line and this opens the door to meeting specific demands expressed by commercial customers. Until this time other than prototype units we have not obtained these certifications and sales were more R & D focused to only government and utility customers managing their own infrastructure and not requiring these certifications. We are continuing to work on final development and certification for several other product line extensions that will increase the scope of applications and jurisdictions our technology can provide solutions for."
Product Shipment to New Customers
The Company also announces that in the second quarter ending June 30, it shipped products to several new utility and commercial customers.
MicroPlanet has sold and shipped second generation Low Voltage Regulators ("LVR2") to a new Australian electric utility customer. The customer will utilize the LVR2s to mitigate low voltage challenges in extreme rural portions of its service area. This sale represents initiation of diversification of LVR2 sales to offset the deferral of sales to Ergon Energy. The Company has also shipped the just certified 400 Amp commercial unit with data and WIFI communications features as a trial to a new commercial customer in Hawaii with significant retail deployment opportunities. Mr. Ironside commented that, "Utilities and commercial enterprises around the world are beginning to understand and adopt voltage regulation as a cornerstone of their energy conservation and power quality improvement strategies. We believe the performance and benefits of our next generation technologies are unmatched."
Finally, the Company shipped immediately after certification the previously announced order of its next generation voltage regulation units to a United States Department of Defense related customer on the island of Guam. "These units will be deployed in newly constructed multi-family homes in Guam looking to define "best practices" for future construction," Mr. Ironside explained. "The extreme heat, expensive carbon based electricity, and volatile power quality of Guam make it an ideal location for our voltage regulation technology. The unmatched speed, precision and efficiency of our next generation products allow us to deliver important energy savings and environmental benefits to our customer, as well as lengthen the operating lives of their equipment as a result of significant improvements to power quality."
About MicroPlanet Technology Corp.
MicroPlanet Technology Corp. 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.
SOURCE MicroPlanet Technology Corp.
CONTACT:
Dave Burwell / Grant Howard The Howard Group
Ph: 888-221-0915
Fax: 403-237 8387
info@howardgroupinc.com
www.howardgroupinc.com
Brett Ironside
President & Chief Executive Officer
Tel: 206-625-0851
Fax: 206-625-0999
bironside@microplanet.com
