SOURCE: POWRtec International Corp.
SUNNYVALE, CA--(Marketwire - Jun 26, 2012) - POWRtec International Corp. (OTCBB: POWT), an
innovative California-based energy monitoring company, is pleased to
announce that it is well into the process of manufacturing its Smart Read
meters for delivery to DONG Energy.
POWRtec's contract manufacturer Kingdom Electronics Technologies is
currently manufacturing 50,000 POWRtec Smart Read meters to fulfil the
current order by European energy giant DONG Energy.
Grant Jasmin, CEO of POWRtec, comments: "We are very excited that the
manufacturing process has started in earnest. We anticipate shipments to
begin soon. The revenues from operations will be a welcomed improvement to
the Company's results."
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
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of Section 27A of the Securities Act of 1933, as amended, and Section 21E
of the Securities Exchange Act of 1934, as amended, and
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"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
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