MicroPlanet Launches EVR 3P(TM) Product with Multinational Convenience Store Chain to Reduce Electricity Costs
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SEATTLE, WA, Nov. 28 / -- MicroPlanet Technology Corp. (TSXV:MP) ("MicroPlanet" or the "Company"), a developer of distributed- energy technologies to improve electric power grid reliability and efficiency, today announced the launch, and installation of the Company's Enterprise Voltage Regulator 3-Phase(TM) (EVR 3P(TM)) at select commercial locations in Asia to reduce electricity costs for a multinational convenience store chain with 27,000 locations worldwide.
Through the agreement with this global company, the EVR 3P(TM) will be installed at select stores as part of MicroPlanet's initial product launch to evaluate the impact on the customer's electricity costs.
MicroPlanet's EVR 3P(TM) is a 3-phase electronic voltage regulator designed for small to mid-sized commercial buildings such as convenience stores and fast food restaurants. The EVR 3P(TM) is based on proprietary, patented voltage regulation technology that allows for precise control and balancing of voltage at the point of delivery to maximize energy efficiency and equipment life.
"Electric power consumption is directly linked to the level of voltage delivered from the utility grid to a business or residence. Over 90% of all homes and small to mid-sized commercial businesses receive higher voltage than required to safely and efficiently operate their electrical equipment; these customers have the potential to save on energy bills by reducing their voltage to the proper level", says Brian Reidy, CEO of MicroPlanet Technology Corp.
Reidy continues, "By implementing an EVR 3P(TM), store locations can cut both operating and capital costs by reducing energy bills and extending the useful life of capital invested in electrical equipment".
Previous site studies conducted by MicroPlanet on behalf of commercial establishments show a 2.5 to 3.5 year payback based on energy savings alone, with additional benefits from deferred capital expenditures.
Enterprise Voltage Regulator 3-Phase(TM)
MicroPlanet's EVR 3P(TM) is an active electronic voltage regulator that is capable of either raising or lowering voltage at the point of delivery. It utilizes patented AC to AC conversion topology to regulate and maintain voltage to the customer within +/- 1 volt of the programmed set point. Because each electrical phase is regulated independently, the EVR 3P(TM) also provides for proper voltage balance between phases.
Depending on the level of incoming line voltage, and the existing phase imbalance, commercial establishments could expect to reduce their electricity costs by 10% on average, as well as increase the lifespan of their electrical equipment. In addition to providing voltage regulation and phase balancing, the units also provide surge protection for all downstream connected equipment. The EVR 3P(TM) has no moving parts, operates at very high efficiency (greater than 99%), and has a very short response time to changes in incoming voltage (less than 3 cycles).
All MicroPlanet voltage regulators are inspected, tested and approved by the Canadian Standards Association (CSA) to ensure safe operation. The EVR 3P(TM) has been designed to comply with IEC, UL and CSA safety standards. MicroPlanet has begun preliminary testing with CSA to certify the EVR 3P(TM).
The 60 Hz EVR 3P(TM) (North American model) is available for 277/480 Volt, 138 Amp services (115 kVA), and 120/208 Volt, 320 amp services (115 kVA) and is designed to be mounted indoors with a footprint of 11" x 34".
The 50 Hz EVR 3P(TM) (Asian model) is available for 230/400 Volt, 80 amp services (55 kVA) and is designed for indoor/outdoor wall mounting. This model accommodates alternative configurations depending on available space.
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 21.2 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.
Source: MicroPlanet Technology Corp.
CONTACT: MicroPlanet Company Contacts: Brian Reidy, President & Chief Executive Officer, Tel: (206) 625-0851, dbreidy@microplanetltd.com;
