Formal Agreement Signed for Large Commercial Order with Australian Utility, Ergon Energy, to Deploy MicroPlanet Products to Dynamically Manage Voltage at Optimal Levels, Saving Energy and Reducing Greenhouse Gas Emissions SEATTLE, WA, Oct. 18 /PRNewswire-FirstCall/ -- MicroPlanet, a high technology, energy conservation company, announced today that it has finalized a contract to supply US $6 million of its energy management products to Ergon Energy. This contract replaces the agreement in principle that was announced in August. Under this agreement, MicroPlanet will initially supply Ergon Energy approximately 3,000 voltage regulation systems. Deliveries are expected to start in early 2008. With an asset base of $6.7 billion and more than 4,000 employees, Ergon Energy distributes electricity to approximately 600,000 customers in regional Queensland, Australia. Its network is the largest of its kind operated by a single distributor, which comprises more than 150,000 kilometers of electricity lines, about 1 million power poles and 70,000 substations. It extends from Birdsville in south west Queensland to Thursday Island in the Torres Strait, over more than 1 million square kilometers. "We have been working closely with Ergon Energy for more than a year on this project. They tested our products extensively in their lab during 2006 and installed the first units in the field in December 2006. All of the field units have been performing with excellent results. This agreement is further validation that MicroPlanet technology is becoming an integral tool for improving the efficiency of the electrical grid. We will help Ergon Energy deliver voltage at optimal levels at the point of consumption, reducing operating costs and improving customer service. Our technology will also help them save energy and reduce greenhouse emissions" said Bruce Lisanti, President and CEO of MicroPlanet. The Ergon Energy Chief Executive said "Ergon Energy's initial interest in the voltage regulators was to improve power quality. The results of the pilot program showed us the potential for substantial energy and demand savings, which is definitely appealing." Brett Ironside, a Director of MicroPlanet, said, "Ergon Energy has been absolutely excellent to work with. They are an innovative company that is moving in leaps and bounds towards greater sustainability and efficiency. We look forward to working with them on their demand management and climate change programs, as well as their network management systems". "MicroPlanet is working with more than 20 utilities worldwide, in addition to many large commercial accounts. We have now installed over 600 systems in pilot programs with customers that have the potential to place significant commercial orders. Our pilot programs continue to return very positive results. 5-8% reductions in energy consumption in residential applications and 5-12% in commercial environments are common without requiring any changes in customer behavior patterns," said Lisanti. About MicroPlanet Technology Corp. MicroPlanet's technology helps to reduce the total amount of energy we need to produce by significantly increasing the efficiency of the electric grid. MicroPlanet's products dynamically manage the voltage delivered to a business or home to optimal levels, which saves energy, lowers electricity bills and helps reduce greenhouse emissions. The Company's products can also reduce peak period demand and can improve utility services. MicroPlanet is a trademark of MicroPlanet. All other trademarks and registered trademarks are those of their respective companies. THIS NEWS RELEASE MAY CONTAIN FORWARD-LOOKING INFORMATION. ACTUAL FUTURE RESULTS MAY DIFFER MATERIALLY FROM THOSE CONTEMPLATED. THE RISKS, UNCERTAINTIES AND OTHER FACTORS, BOTH KNOWN AND UNKNOWN, THAT COULD INFLUENCE ACTUAL RESULTS MAY BE SUBSTANTIAL AND INCLUDE THOSE DESCRIBED IN DOCUMENTS FILED WITH REGULATORY AUTHORITIES, SUCH AS THE COMPANY'S MOST RECENTLY FILED ANNUAL AND QUARTERLY REPORTS AND ANNUAL INFORMATION FORM. ACCORDINGLY, NO ASSURANCES CAN BE GIVEN THAT ANY OF THE EVENTS ANTICIPATED BY THE FORWARD-LOOKING STATEMENTS WILL TRANSPIRE OR OCCUR, OR IF ANY OF THEM DO SO, WHAT BENEFITS THE COMPANY WILL DERIVE THEREFROM. THE TSX VENTURE EXCHANGE HAS NEITHER APPROVED NOR DISAPPROVED OF THE INFORMATION CONTAINED HEREIN. DATASOURCE: MicroPlanet Technology Corp. CONTACT: MicroPlanet Company Contacts: Bruce Lisanti, President & CEO, Tel: (206) 625-0851, Fax: (206) 625-0999, ; MicroPlanet Investor Relations: Gerry Wimmer, INVESTORFILE.com, Tel: (416) 360-8895, Toll Free: 1-888-894-8222,

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