Castwell Products, LLC Engages EnergyConnect to Provide Demand Response Solutions
SKOKIE, Ill. & PORTLAND, Ore.–(BUSINESS WIRE)–Castwell Products, LLC (”Castwell”) and Microfield Group, Inc. (”Microfield”) (OTCBB: MICG - News) today announced that Castwell has selected Microfield subsidiary EnergyConnect, Inc. (”EnergyConnect”) to provide Demand Response solutions for its ductile iron foundry located in Skokie, IL.
Castwell’s President Charlie Hoffman explained, “We put a high value on the fact that Demand Response participation is entirely consistent with our ISO 14001 certification. Under ISO 14001, we are committed to reducing our impact on the environment, and we see working within EnergyConnect’s Demand Response solutions as an excellent way of doing that. Castwell will utilize the technology investment and their business disciplines to help the electric grid and ourselves by proactively managing our electric consumptions patterns.”
Brian Gallagher, EnergyConnect’s Chicago-based VP, commented, “Castwell is our first foundry in the Chicago area, though we’ve had great results with similar facilities on the East Coast. I’m most pleased about the fact that, with our software allowing daily bidding and evaluation of meter data, Castwell was participating in demand response and getting paid to support the grid, within days of signing our contract. This spring, we’ve seen market prices range much higher than they were at the same time last year, so Castwell has joined our Demand Response initiative at a great time.”
About Castwell
Castwell is a leading specialty ductile and gray iron foundry, specializing in the production of high-quality precision castings encompassing a broad array of alloy and dimensional tolerances. Castwell targets niche markets in which its engineering/technical capabilities, short lead-times and reputation for quality and reliability are valued. Castwell currently sells to customers in the truck and diesel engine components, petroleum, aftermarket light-duty vehicles, aerospace, mining, hydraulics and agriculture markets. In February 2007, Castwell became an affiliate of the Hunt Investment Corporation, based in Dallas, TX. Additional information about Castwell is available at www.huntssg.com.
About Microfield Group, Inc. and EnergyConnect, Inc.
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.
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
Posted on Wednesday, June 20th, 2007 - Press Releases