Dallas, Texas (December 5, 2011) – StockGuru Shines its Spotlight on POWRtec International Corp. (OTCBB: POWT) an innovative California-based energy monitoring company. On Friday the Company commented on recent government initiatives in the UK. The Company closed on December 2, 2011, at $0.12, trading in a fifty-two week range of $0.40 – 0.04.
Earlier this year, the UK government set out its strategy for a complete rollout of smart meters starting in 2014 and ending in 2019. The rollout is the most comprehensive of its kind yet planned in any country and will entail the installation of 53 million smart meters in 30 million homes and businesses.
According to guardian.co.uk, Chris Huhne, Secretary of State for Energy and Climate Change, stressed the benefits of the plan to both consumers, industries and the UK as a whole, and added: “The roll-out of smart meters will help us keep the lights on while reducing emissions and getting the best possible deal for the consumer.”
The government is convinced about the positive effects for both society at large and the individual consumer. Previous estimates of the savings to be made by each household have been adjusted from £14 ($22.9) to £23 ($37.5) saved on the annual energy bills by 2020.
Grant Jasmin, CEO of POWRtec, welcomes the UK developments: “I’m very happy to see that the UK government recognizes all the advantages to be had from a switch to smart meters. With its ambitious plan, the government sets an example for other countries to follow. This bodes well for consumers, utility companies, the environment and not least POWRtec.”
About POWRtec
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.
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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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