United States Government Awards MicroPlanet General Services Administration
Contract

MicroPlanet Announces Non-Brokered Private Placement

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

SEATTLE, WA, Sept. 30 /CNW/ - MicroPlanet, (MP:TSXV & MCTYF:OTC) a smart grid energy conservation company announced today that it has been awarded a United States Government Services Administration ("GSA") contract. MicroPlanet products are now listed on the GSA website, GSAdvantage, and are available to all U.S. government purchasing agents at a preferred price.

The GSA is an independent agency of the United States government established to help manage and support the basic functioning of federal agencies, including the procurement of products. The contract permits the listing of MicroPlanet products on the GSA website, which allows any purchasing agent within the U.S. federal government seeking smart grid/energy-saving devices to purchase MicroPlanet products using a streamlined process.

This streamlined GSA procurement vehicle provides a significant opportunity for MicroPlanet to reduce the time required by U.S. federal government customers in obtaining its products. To obtain GSA qualification, MicroPlanet submitted to a rigorous application and review process in order to prove its compliance with strict standards within the U.S. government energy efficiency market.

Brett Ironside, CEO & President of MicroPlanet, commented, "The GSA contract provides MicroPlanet with a strong sales channel into a rapidly growing sector within the United States federal government. Our placement on the GSA website is a testament to the robust nature of MicroPlanet products and our ability to deliver energy conservation and power quality improvements."

The MicroPlanet products listed on the GSA website will include devices targeted to non-mission critical, on-base commercial and residential applications. Ironside continues, "The United States government is committed to energy conservation, and reducing the nation's reliance on fossil fuels and their resulting greenhouse gas emissions. MicroPlanet products can make strong contributions towards these objectives, using equipment manufactured with American labor. The GSA schedule will enable us to penetrate this market quickly and efficiently."

MicroPlanet has delivered smart grid voltage management systems to over 20 utilities worldwide.

Non-Brokered Private Placement

The Company also announced plans to complete a non-brokered private placement. The Company intends to raise between C$1,000,000 and C$1,500,000 in equity capital at C$.10 per share of the Company's common stock. Each share will carry a warrant to purchase one share of Company stock at C$.15 for 24 months following the closing. The Company anticipates that certain directors and members of the management team may participate in this private placement.

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.

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For further information: MicroPlanet Company Contacts: Brett Ironside, President & CEO, Tel: [phone], [email protected]; Kurt Maass, CFO, Tel: [phone], [email protected]; MicroPlanet Investor Relations: Gerry Wimmer, INVESTORFILE.com, Tel: [phone], [email protected]