POWRtec Retains Kingdom Electronics Technology Co. Inc. as Contract Manufacturer
(firmenpresse) - SUNNYVALE, CA -- (Marketwire) -- 06/21/12 -- POWRtec International Corp (OTCBB: POWT), an innovative California-based energy monitoring company, is pleased to announce that it has retained Kingdom Electronics of Shanghai, China, as contract manufacturer for the next production run of its Smart Read meters.
Kingdom Electronics Technology Co. Inc. is going to provide manufacturing services to POWRtec International Corp. for the Current order of 50,000 meters for DONG Energy.
Grant Jasmin, CEO of POWRtec comments: "We are very excited about working with Kingdom. We have worked with them in the past with great results. Kingdom has recently made additional investment in capital equipment which should result in further improvement in their already excellent efficiency and product quality."
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.
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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Datum: 21.06.2012 - 06:45 Uhr
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