Message #20 From:
NewsBot Date: November 8, 2005 02:00:00 AM
USTT News USA Technologies Becomes an ENERGY STAR Partner; Company Helps Customers Save Money While Protecting the Environment
MALVERN, Pa.--(BUSINESS WIRE)--Nov. 8, 2005--USA Technologies (OTCBB:USTT) announced today that it was helping companies maximize savings in energy and operating costs while earning the ENERGY STAR label for buildings - the US Environmental Protection Agency's (EPA) national symbol for superior energy performance.
As a provider of energy-efficient VendingMiser(R), CoolerMiser(TM), VM2IQ(TM), CM2IQ(TM) SnackMiser(TM) and PlugMiser products that have the capability to immediately, upon installation, reduce energy consumption in vending machines, coolers and other electronic machines by almost half, USA Technologies is improving the energy performance of its clients through upgrades and implementing proven energy management strategies. Clients can strive to earn the ENERGY STAR label for their buildings and positively affect their operating expenses and shareholder value.
Some of the county's most influential corporations, as well as, military bases, educational facilities and state and federal agencies are using USA Technologies' energy management products to maximize energy savings. Some of these include Ford Motor Company, Dell, Inc, Albertsons, Marriott, Sheraton, PepsiCo and colleges and universities in all 50 states.
"President George W. Bush is calling on the nation to conserve energy and utilize energy conservation technology to help lower America's consumption of energy," said Stephen P. Herbert, President and COO, USA Technologies. "We are committed to helping our customers to immediately reduce energy consumption and to help them in their efforts to be environmentally responsible citizens."
"Investments in improving energy performance can achieve competitive rates of return while cutting energy costs by 30 percent," said Jean Lupinacci, branch chief, EPA. "USA Technologies has committed to helping its customers achieve superior standards of energy performance in their buildings. This will help these customers reap financial rewards and position themselves as environmentally responsible citizens," said Lupinacci.
EPA estimates that by 2010, the savings from energy-efficient investments will reduce the annual greenhouse gas emissions in the United States by 2.4 million tons - the equivalent of the pollution produced by 1.7 million cars - and save taxpayers more than $750 million per year.
USA Technologies is a leader in the networking of wireless non-cash transactions, associated financial/network services and energy management. USA Technologies provides networked credit card and other non-cash systems in the vending, commercial laundry, hospitality and digital imaging industries. USA Technologies is an IBM Business Partner. The Company has marketing agreements with Cingular Wireless, Honeywell, MEI, and ZiLOG Corporation. For further information on USA Technologies, please visit www.usatech.com
Statement under the Private Securities Litigation Reform Act:
With the exception of the historical information contained in this release, the matters described herein contain forward-looking statements that involve risk and uncertainties that may individually or mutually impact the matters herein described, including but not limited to, the ability of the Company to increase revenues in the future due to the developing and unpredictable markets for its products, the ability to achieve a positive cash flow from operations, the ability to obtain operating profit, the ability to obtain orders for its energy management products, the ability to obtain new customers and the ability to commercialize its products, which could cause actual results or revenues to differ materially from those contemplated by these statements.
