SUNNYVALE, CA — (Marketwire) — 08/23/11 — POWRtec (OTCBB: POWT), an innovative California-based energy monitoring company, wishes to comment upon recent events in the Middle East.
POWRtec mulls many new opportunities opening up for smart grid technology within the Arab world, a market which consists of approximately 350 million consumers when considering the entire Arab League countries. More focus on the welfare of citizens and greater accountability should contribute to less waste of resources and better management of individual countries- wealth. POWRtec is able to optimize electricity consumption and generate savings to both the consumer as well as the utility company with its highly advanced smart meters.
The political changes that are coming about in the Middle East as of late are welcomed news for POWRtec. The company is pleased that more accountability is being applied to political leadership and more power is being given to the people. “Along with this, we view the long term potential of recent events as potentially beneficial to the company,” Grant Jasmin, CEO of POWRtec, comments. “This is what POWRtec is about; giving the people control of power.”
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.
For more information about POWRtec
Morning Star Communications
1-888-620-4440
You must be logged in to post a comment Login