Microfield's EnergyConnect Signs Thomas Jefferson University.PORTLAND, Ore. -- Microfield Group, Inc. ("Microfield") (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :MICG MICG Moroccan Islamic Combatant Group ) today announced that its subsidiary, EnergyConnect, Inc. ("ECI ECI Employment Cost Index ECI Election Commission(er) of India ECI Enterprise Content Integration ECI Early Childhood Intervention ECI Environmental Change Institute "), has completed an Agreement for services with Thomas Jefferson University It began as Jefferson Medical College in 1824. On July 1, 1969 the institution officially became Thomas Jefferson University. The university is made up of three colleges:
TJU Tianjin University (China) ) in Philadelphia, Pennsylvania. The initial project will include seven buildings of the TJU downtown Philadelphia campus. These buildings will be combined with other ECI participants in the region to service PJM PJM Pacific Journal of Mathematics PJM Project Manager PJM Puerto Jimenez, Costa Rica (Airport code) PJM Pennsylvania New Jersey Maryland Interconnection LLC (Mid-Atlantic region power pool) , the regional grid operator. The services provided by TJU and ECI provide a growing capability to reduce electric supply and delivery costs and improve grid reliability for all electric energy consumers in the region. "Thomas Jefferson University is the type of facility that has tremendous imminent potential because TJU has done its energy homework. TJU has installed energy systems to improve efficiency, conserve, and effectively manage energy on the consumer side of the meter. ECI will now help TJU leverage that investment to provide benefits on the supply side of the meter," stated Rodney M. Boucher, Chief Executive Officer of Microfield and ECI. Randolph Haines, Energy Manager of TJU said, "We are looking forward to working with ECI and receive payments for the services we provide to the electric grid. TJU has been an energy management leader. Entering this arrangement with ECI is consistent with our goal to be a leading example of beneficial ways to manage energy use. As an early participant, we expect to help ECI develop new ways to harvest the capabilities of our buildings to respond to the needs of the grid. The potential regional and national benefits are huge." As an energy-related technology and electrical service company, Microfield Group, Inc., through its subsidiary ECI and ECI's Energy Automation software systems, has the capability to develop and provide solutions and infrastructure for the electric energy supply chain. ECI's Energy Automation is a suite of products that deliver new energy-related revenues to energy consumers and major benefits to the electric grid. Microfield has nearly 400 employees and is headquartered in Portland, Oregon. The company's common stock is traded on the OTC Bulletin Board OTC Bulletin Board An electronic quotation listing of the bid and asked prices of OTC stocks that do not meet the requirements to be listed on the NASDAQ stock-listing system. under the symbol "MICG." Additional information about ECI is available at www.energyconnectinc.com. Forward-Looking Statements This press release includes statements that may constitute "forward-looking" statements. These statements are made pursuant to the safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. provisions of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and 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. |
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