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Microfield’s EnergyConnect Announces Growth in its Portfolio of Participants and Alliances

PORTLAND, Ore.–(BUSINESS WIRE)–Microfield Group, Inc. (”Microfield”) (OTCBB: MICG - News) today announced that during December 2006 and January 2007 its subsidiary EnergyConnect, Inc. (”EnergyConnect”) entered into strategic alliances with two large international companies, expanded contracts with existing participants, and executed new contracts with additional participants. The alliances provide for innovative energy demand response sales, along with efficiency and procurement services through both direct and indirect demand response actions.

EnergyConnect will deliver demand response for the alliance members’ existing customer building portfolios. EnergyConnect will also offer its participants value-added energy efficiency and energy procurement services through these new alliances members.

Gene Ameduri, EnergyConnect President, noted, “This growth through the end of the year combined with potential sales through the new alliances gives our new year a great start,” Steve Schaefer, EnergyConnect’s Senior Vice President of Sales and Marketing said. “The alliance agreements expand our sales channels, and provide additional value to our participants. We anticipate these alliances will rapidly increase our market penetration. These agreements represent more than two hundred Building Equivalents.”
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 Thursday, February 8th, 2007 - Press Releases

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