Microfield’s EnergyConnect to Present to Chicago’s BOMA
PORTLAND, OR–(BUSINESS WIRE)– Microfield Group, Inc. (”Microfield”) (OTCBB: MICG - News) today announced that the Chicago Building Owners and Management Association (BOMA) has selected Microfield’s subsidiary, EnergyConnect, Inc., to present its advanced demand response solutions at the upcoming October 4th BOMA seminar. Selection was due to the growing number of BOMA member buildings which have selected EnergyConnect for demand response. EnergyConnect deploys its unique on-line software suite and engineering expertise to integrate buildings into electric power markets, and pays each building to participate.
EnergyConnect recently added more than 9 million square feet of Chicago BOMA member buildings using 36 megawatts of peak load. This increases an already substantial portfolio which includes the Sears Tower, John Hancock and Chicago Board of Trade. These new participants include three more of the most prominent buildings on the Chicago skyline. Property management firms are highly motivated to deploy EnergyConnect’s revenue-generating, green, sustainable solutions.
“I’m excited with our progress,” said Brian Gallagher, EnergyConnect’s Vice President for Chicago. “Two leading factors driving our growth are the regularly increasing payments to established participants, and the willingness of our established participants to host and demonstrate our technology to new interested building engineers and managers. These recent additions totaled 9 Building Equivalents (BE), a strong indication that Chicago will remain a leader in developing sustainable energy.”
“Only EnergyConnect provides the easy to use ‘dash board’ information in near real time to guide participation choices,” noted Steve Schaefer, Senior Vice President of Sales. “This is often the determining factor when building engineers and managers select EnergyConnect.”
About 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.
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
Posted on Thursday, September 27th, 2007 - Press Releases