Microfield’s EnergyConnect Launches a New Program at TFM
PORTLAND, Ore.–(BUSINESS WIRE)–Microfield Group, Inc. (”Microfield”) (OTCBB: MICG - News) today announced that its subsidiary EnergyConnect, Inc. (”EnergyConnect”), will launch a new Demand Response program at the Today’s Facility Manager Show (TFM) next week. EnergyConnect will exhibit at TFM to be held at Navy Pier, Chicago, April 17-19. More on the TFM Show and other upcoming EnergyConnect events can be found at www.energyconnectinc.com/news/events/.
EnergyConnect’s Reliability Program for metro Chicago and Mid-Atlantic regions will pay qualified consumers for electricity load reductions during emergency situations. This new offering is synergistic with EnergyConnect’s existing Demand Response solutions and will benefit both existing and new participants. The new Reliability Program is based on PJM Interconnection’s Interruptible Load for Reliability (ILR) program.
In 2006, nearly three thousand facility management professionals attended TFM from 49 states. Gene Ameduri, President of EnergyConnect said, “The TFM show is a perfect opportunity to launch the new Reliability Program for demand response and to demonstrate our other national demand response solutions. EnergyConnect will be demonstrating its leading-edge technology and experience to attendees from key market segments, including educational, industrial, commercial, health care and governmental institutions.”
EnergyConnect’s Senior Vice President of Operations, John Stremel added, “Preliminary analysis of our existing portfolio of participants indicates that a substantial number of them can benefit from participation in the new Reliability Program. Since the Reliability Program has tight regulatory requirements and a short time frame for enrollment for the 2007 program, EnergyConnect’s demonstrated ability to deliver and perform is paramount. Access to Facility Management decision makers at the TFM show should accelerate registration of new Reliability and Demand Response participants to meet the program requirements.”
This new reliability program is part of EnergyConnect’s comprehensive Demand Response solutions portfolio. EnergyConnect’s programs are now active in 27 states and include economic, capacity, reserve, and reliability programs in many useful forms. Participants from New England to Virginia, California to New Jersey benefit from these programs, including the recently announced EnergyVigilant Partnership in California.
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, April 12th, 2007 - Press Releases