PORTLAND, Ore.--(BUSINESS WIRE)--Microfield Group, Inc. ("Microfield") (OTCBB: MICG) today announced that
its subsidiary EnergyConnect, Inc. ("EnergyConnect"), has learned of an
error in a recent press release concerning its Automated Synchronous
Reserve System. PJM confirmed to EnergyConnect this week that another
service provider has developed a system that uses the same automated
signal source from PJM and initially deployed that capability in August,
shortly before EnergyConnect began receiving signals.
John Stremel, Senior Vice President of System Development, said, “EnergyConnect
delivers a fully automated and integrated service to its participants’
electric loads and generators. We are excited about being one of the
first providers in PJM's Synchronous Reserves Market and expanding
opportunities for demand response resources to play an important role in
our nation's energy infrastructure. We are pleased with the high level
of interest our current participants have shown in this new service.”
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.
