Marine Corps Hawaii Converts Vending Machines to ''Green'' With USA Technologies' EnergyMiser(R)
MALVERN, Pa., Apr 30, 2008 (BUSINESS WIRE) -- The Marine Corps Base, Hawaii, is installing USA Technologies' (NASDAQ:USAT) VendingMiser energy conservation technology in vending machines to help lower energy consumption and costs and reduce C02 emission.
The Marine Corps is installing 300 VendingMisers base-wide in Hawaii. The Hawaii Marine Corps joined the National Guard in Honolulu, the Pearl Harbor Navy base, and Hickham Air Force base who have already converted their vending machines to "green" with VendingMisers.
"The Marine Corps in Hawaii, like many domestic and worldwide U.S. military bases, is doing everything possible to lower energy consumption and cost during this time of record oil prices and skyrocketing energy prices," said Barbara Scott, Product Manager, USA Technologies. "Installation of our EnergyMiser product line is rapidly spreading throughout the Hawaiian Islands, Mainland USA, and worldwide," she said.
More than 20,000 VendingMiser and other EnergyMiser products are now installed in military bases and facilities in the U.S. and abroad.
USA Technologies has seen its EnergyMiser business increase significantly on a global scale, driven largely by the recent rapid and dramatic increase in the cost of energy, together with an accelerating trend by the public and private sectors to "go green" to help lower energy consumption and C02 emission.
"We estimate that the U.S. government is saving more than two million dollars in energy costs annually just by installing VendingMiser in our country's military bases. The U.S. Military continues to be one of our most prolific energy conservation customers with EnergyMiser installs at army, navy and air force bases throughout America and the Pacific, including Okinawa, and Japan," said Ms.Scott.
Other installs have occurred at Fort Hood Army Garrison in Texas, the biggest military defense force base in America, the Adjutant General's Department in Texas, the Texas Air National Guard, Florida's Burnsville Air Force Base, the Navy Exchange Service Command, the Naval Base Coronado, California's San Clement Island base, and U.S. Coast Guard bases in San Francisco and Hawaii.
U.S. Government institutions and military bases are installing USA Technologies' full range of EnergyMiser products including the VendingMiser(R), CoolerMiser(TM) and SnackMiser(TM), which reduce energy consumption by up to 46 percent. Vending machines cost an estimated $300-$400 a year to operate.
Much of the technology is being purchased through the General Services Administration (GSA) Advantage shopping system, the Federal Government's purchasing department. The system enables federal and state government agencies and the military to purchase directly from approved contractors and suppliers at pre-approved prices. The GSA Services Center in Tampa, Florida, was another government agency that recently installed EnergyMiser on vending machines in its offices.
About USA Technologies:
USA Technologies is a leader in the networking of wireless non-cash transactions, associated financial/network services and energy management. USA Technologies provides networked credit card and other non-cash systems in the vending, commercial laundry, hospitality and digital imaging industries. The Company has agreements with AT&T, Honeywell, Blackboard, MasterCard and others. For further information on USA Technologies, please visit www.usatech.com.
Statement under the Private Securities Litigation Reform Act:
With the exception of the historical information contained in this release, the matters described herein contain forward-looking statements that involve risk and uncertainties that may individually or mutually impact the matters herein described, including but not limited to product acceptance, the ability to continually obtained increased orders of its products, the ability to meet installation goals, economic, competitive, governmental impacts, whether its pending patents will be granted or defendable; validity of intellectual property and patents of USA, the ability of USA to license its patents, the ability of USA to commercialize its developmental products, technological and/or other factors, which could cause actual results or revenues to differ materially from those contemplated by these statements.
SOURCE: USA Technologies
USA Technologies Contact: George Jensen, Chairman & CEO Stephen P. Herbert, President & COO Phone: (800) 633-0340 e-mail: sherbert@usatech.com or Investor Relations Contact: Porter, LeVay & Rose David Porter Marlon Nurse Phone: (212) 564-4700
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