Energy Minister Says MicroPlanet Products Will Improve Power Quality and Reduce Greenhouse Gas Emissions SEATTLE, Oct. 29 /PRNewswire-FirstCall/ -- MicroPlanet (MP:TSXV, MCTYF:OTC) a high technology, energy conservation company, announced today that The Hon. Geoff Wilson, Minister for Mines and Energy for the State Government of Queensland, Australia officially addressed the implementation of MicroPlanet products in Queensland. Minister Wilson in his address to the Parliament said, "Ergon Energy had signed a multi-million dollar contract for 3,000 (MicroPlanet) low voltage regulators to boost its electricity network. These (MicroPlanet) regulators are designed to reduce power surges and maintain a steady voltage to homes and businesses. The (MicroPlanet) low voltage regulators will be particularly helpful for businesses that use industrial machinery and other equipment. Ergon Energy advises it will lead to reduced wait times in fixing voltage problems and a reduction in greenhouse gas emissions." Minister Wilson continues, "This is about quality control and it will fix problems such as lights going dim, when at other times they are bright. Low voltage regulators stabilize the voltage and keep the quality of electricity steady. Customers expect reliable power, and that's the main reason why these (MicroPlanet) low voltage regulators appealed to Ergon Energy." "They trialed the new technology (MicroPlanet) for about six months, and achieved excellent results. According to Ergon Energy, the way in which the simple innovation worked was better than anything else they had seen," said Minister Wilson. "Previously, some voltage problems on the network had been difficult and even impractical to solve by conventional means. These (MicroPlanet) regulators, the size of a briefcase, have been adapted to suit our Queensland climate." The Minister said Ergon Energy planned to install the (MicroPlanet) regulators on power poles in parts of its rural network, including remote parts of Torres Strait. Delivery is expected early next year from US-based company, MicroPlanet. "We thank the Minister and the State Government of Queensland for recognizing MicroPlanet's products as an effective solution to improve power quality and reduce greenhouse gas emissions in their region," said Bruce Lisanti, President and CEO of MicroPlanet. "MicroPlanet is working with more than 20 utilities worldwide, in addition to many large commercial accounts. We have now installed over 600 systems in pilot programs with customers that have the potential to place significant commercial orders. Our pilot programs continue to return very positive results. 5-8% reductions in energy consumption in residential applications and 5-12% in commercial environments are common without requiring any changes in customer behavior patterns," said Lisanti. To view The Hon. Geoff Wilson, Minister for Mines and Energy official release, visit the Company Media section at http://www.microplanet.com/. About MicroPlanet Technology Corp. MicroPlanet's technology helps to reduce the total amount of energy we need to produce by significantly increasing the efficiency of the electric grid. MicroPlanet's products dynamically manage the voltage delivered to a business or home to optimal levels, which saves energy, lowers electricity bills and helps reduce greenhouse emissions. The Company's products also reduce peak period demand and can improve utility services. Visit MicroPlanet at http://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. THE TSX VENTURE EXCHANGE HAS NEITHER APPROVED NOR DISAPPROVED OF THE INFORMATION CONTAINED HEREIN. DATASOURCE: MicroPlanet Technology Corp. CONTACT: MicroPlanet Company Contacts: Bruce Lisanti, President & CEO, Tel: (206) 625-0851, Fax: (206) 625-0999, ; MicroPlanet Investor Relations: Gerry Wimmer, INVESTORFILE.com, Tel: (416) 360-8895, Toll Free: 1-888-894-8222,

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