SUNNYVALE, CA--(Marketwire - Jan 6, 2012) - POWRtec International Corp, (OTCBB: POWT), an innovative California-based energy monitoring company, is pleased to announce that it has signed a contract with Danish Utility giant, DONG Energy, securing the delivery of 50,000 of its Smart Read Meters.
POWRtec has previously delivered 160,000 meters to DONG Energy, and will now reach a total of 210,000 meters when deployed within the next 12 months. POWRtec's Smart Read meters allow for efficient and comprehensive analysis of energy usage. This benefits the utility provider, the end-user and ultimately the environment.
"We are very pleased to continue our successful collaboration with DONG Energy and assist them in reaching their goals for more sustainable and responsible energy consumption," Grant Jasmin, CEO of POWRtec states. "This contract has further solidified our strong position in Northern Europe."
About DONG Energy
DONG Energy is one of the leading energy groups in Northern Europe. Headquartered in Denmark, its business is based on procuring, producing, distributing and trading in energy and related products in Northern Europe. The company takes a visionary approach to providing clean and reliable energy, and is at the forefront of environmentally friendly energy production.
POWRtec is a dynamic and unique energy monitoring company with the potential to dominate the smart meter industry with its innovative intelligent smart meters. POWRtec's meters are network-enabled and can be built to utilize virtually any communications protocol. This empowers the intelligent smart meters to directly control network enabled, power-draining devices by switching them on and off in accordance with the desired energy output, resulting in more efficient use of resources, smaller energy bills and enormous benefits to the environment. POWRtec's products can directly reduce the amount of energy waste and make a meaningful difference to the environment.
Disclaimer - Forward Looking Statements
This press release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may," "future," "plan" or "planned," "will" or "should," "expected," "anticipates," "draft," "eventually" or "projected." You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements; projected events in this press release may not occur due to unforeseen circumstances, various factors, and other risks identified in a company's annual report on Form 10-K and other filings made by such company.
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