Microfield’s EnergyConnect Increases and Diversifies its Industrial Base in Pennsylvania
PORTLAND, Ore.–(BUSINESS WIRE)–Microfield Group, Inc. (”Microfield”) (OTCBB: MICG - News) today announced that its subsidiary EnergyConnect, Inc. (”EnergyConnect”), has added several large industrial accounts in Pennsylvania. This expansion and diversification of EnergyConnect’s Demand Response (DR) and Interruptible Load for Reliability (ILR) services support the Governor’s energy initiatives to help Pennsylvania manufacturers remain competitive and to make Pennsylvania electric supply more efficient. EnergyConnect pays industrial facilities to participate in our programs.
Gene Ameduri, President of EnergyConnect said, “As we continue to educate the large industrial energy consumers in western Pennsylvania about the advantages and ease of use of our automated web-based services and the additional revenue opportunities that we bring to them, they identify operational changes that can provide revenue from these programs without impacting primary production output. This is a win for Pennsylvania because reducing energy costs and maintaining production helps these companies to remain competitive and protect jobs.”
EnergyConnect’s Senior Vice President of Sales, Steve Schaefer added, “The industrial accounts signed this month not only add about a million dollars in annual revenue for the rest of the year, but diversify and solidify our industrial base. The result is expected to be firm ongoing revenue spread across a number of EnergyConnect programs and spread across a range of industrial products.”
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, May 3rd, 2007 - Press Releases