Company: MicroPlanet Technology Corp.
Stock Listing: TSXV - MP
Stock Listing (US): OTC - MCTYF
Web Site: www.microplanet.com
SEATTLE, WA, Jan. 30, 2013 /PRNewswire/ - 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 Regformer™. "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 Mr. Ironside.
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
About MicroPlanet
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
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SOURCE MicroPlanet Technology Corp.
