Michael Sheehan Joins MicroPlanet as Vice President, Business Development; Utility Veteran to Lead Voltage Regulation Initiatives for Power Companies.

Energy Editors/Business Editors

EDMONDS, Wash.--(BUSINESS WIRE)--Aug. 25, 2003

MicroPlanet, Ltd. today announced the appointment of electric utility industry veteran Michael T. Sheehan as Vice President, Business Development. Mr. Sheehan is responsible for managing the company's voltage regulation initiatives directed at helping utility companies minimize energy loss at customer sites. He has more than 30 years experience in management and engineering positions for Western, Midwestern and Eastern power companies.

"Michael's track record in developing new energy strategies and his strong ties to the electric utility industry make him a strong addition to our senior management team," said Brian Reidy, CEO of MicroPlanet, Ltd. "His understanding of the challenges facing utility companies and the opportunities to maximize current power assets will help MicroPlanet become a closer partner with the industry."

"MicroPlanet has developed a strong solution that helps utility companies maximize their current power generation capacity," said Michael Sheehan. "I look forward to working closely with utilities to improve their power delivery efficiency."

Mr. Sheehan's career spans achievement across the spectrum of the utility industry, including power companies, government and industry standards groups. Prior to joining MicroPlanet, he was Manager of Engineering & Application for Puget Sound Energy in their Operations Planning Group, where he was the technical lead on reliability, interconnection and policy issues.

Previously, he spent more than a decade in management and engineering positions with the U.S. Department of Energy's Office of Utility Systems, in Washington, D.C. Mr. Sheehan's most recent position at the Department of Energy was as Manager of Engineering Applications and Analysis, in which he managed a range of issues including system planning, power management, system protection and computer applications.

Before joining the U.S. Department of Energy, Mr. Sheehan held engineering positions with Virginia Electric Power Company (now Virginia Power) and Commonwealth Edison, Chicago. He began his career with the MIT Center for Space Research, where he developed the prototype and flight modules for the AIMP project to measure the sun's plasma.

A frequent conference speaker and an active member of many industry working groups, Mr. Sheehan is currently co-chairman for the IEEE Task Force on Voltage Sags P1564. He is a part chair of the Western Electric Power Institute Conference on Distributed Generation. He is also a past member of the IEEE Working Group on Interconnections of Distributed Resources, past chairman of General Electric's Distribution System Testing and Research program, and former electric utility advisor to EPRI.

Mr. Sheehan holds a B.S. in Electrical Engineering from the Illinois Institute of Technology, Chicago.

About MicroPlanet, Ltd.

Based in Edmonds, Washington, MicroPlanet, Ltd. manufactures and sells products for electrical energy conservation and voltage compliance to large corporations and electric utilities. MicroPlanet's Enterprise Voltage Regulator (EVR) and Home Voltage Regulator (HVR) regulate the voltage delivered to a business or home, reducing the amount of electricity needed. The products also provide electric utilities a new tool for peak load reduction, conservation, low voltage mitigation and an interface for distributed generation.

For more information about MicroPlanet, go to www.microplanetltd.com

MicroPlanet is a trademark of MicroPlanet, Ltd. All other trademarks and registered trademarks are those of their respective companies