Microfield’s EnergyConnect Joins with the Association of Independent Colleges and Universities of Pennsylvania ('’AICUP'’) to Deliver Demand Response Revenue to Its Members
PORTLAND, Ore.–(BUSINESS WIRE)–Microfield Group, Inc. (”Microfield”) (OTCBB: MICG - News) today announced that its subsidiary EnergyConnect, Inc. (”EnergyConnect”), an AICUP Corporate Affiliate, will present a series of four seminars in February at various locations in the State of Pennsylvania to provide education, training, analysis, and enrollment services for AICUP members for the PJM Demand Response and Synchronous Reserve Services Programs. AICUP is the only statewide organization that serves the interests of private higher education within Pennsylvania. Their membership includes eighty-five private colleges and universities.
Gene Ameduri, President of EnergyConnect, said, “The revenue that we have been able to provide through our Web Services to three AICUP universities, University of Pennsylvania, Drexel University, and Thomas Jefferson University, has convinced AICUP’s Vice President of Finance and Administration, Tim Alexander, to facilitate the deployment of these PJM programs throughout their membership of eighty-five colleges and universities. We appreciate AICUP’s confidence in EnergyConnect to deliver these additional revenues to its members, and anticipate this opportunity will help us continue our revenue growth in this important market segment.”
EnergyConnect, Inc. is the leading provider of Energy Automation services. More than just demand response, EnergyConnect’s Energy Automation solutions proactively engage energy market participants, Independent System Operators, Regional Transmission Organizations and Electric Utilities. EnergyConnect is on the web at www.EnergyConnectInc.com.
About Microfield Group, Inc.
Microfield Group combines selling wholesale services to regional power grids with traditional electrical contracting and design and integration of infrastructure for wind, solar and other distributed power systems. This combination provides the platform to be a contributor to the growing alternative energy industry and to provide business processes and software capabilities that link the adjustment of consumer energy consumption to the wholesale electric market. Microfield utilizes consumers of electricity to generate revenue from the regional grids and serves this market through proprietary software and models that enable consumers to adjust use, provide prices to determine beneficial actions, and automate all aspects of the process. Microfield is headquartered in Portland, Oregon, and its common stock is traded on the OTC Bulletin Board under the symbol “MICG.” Additional information about Microfield is available at www.microfield.com.
Forward-Looking Statements
This press release includes statements that may constitute “forward-looking” statements. These statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements inherently involve risks and uncertainties that could cause or contribute to such differences that include, but are not limited to, competitive factors, the success of new products in the marketplace, dependence upon third party vendors, and the ability to obtain financing. By making these forward-looking statements, the Company undertakes no obligation to update these statements for revisions or changes after the date of this release.
Contact:
Microfield Group, Inc. Randy Reed, CFO, 503-419-3364 or Cary Halsted, Investor Relations, 408-832-8063
Posted on Wednesday, January 31st, 2007 - Press Releases