Pennsylvania Government Explores Ways to Implement USA Technologies' EnergyMiser® Statewide
MALVERN, Pa, September 6, 2006 -- USA Technologies (OTC Bulletin Board: USAT) announced today that the Pennsylvania Secretary for General Services, James Creedon, has asked his department to explore ways to utilize the company's energy conservation technology throughout the Commonwealth.
Secretary Creedon visited USA Technologies to inspect the company's EnergyMiser energy management technology and later reported the technology was of extreme importance to energy conservation in the State.
"The company's conservation technology offers an opportunity for Pennsylvania to reduce energy consumption and lower its energy bill which is of enormous benefit to State taxpayers," said Secretary Creedon.
The Department of General Services is responsible for energy management across the Commonwealth of Pennsylvania.
USA Technologies executives demonstrated the technology to Secretary Creedon and showed how it could save the Commonwealth of Pennsylvania an estimated $56 million in energy costs and reduce energy consumption by approximately 642 million kilowatt hours if installed on vending machines and glass-front coolers in the State.
"We welcome the Pennsylvania Government's recognition of our EnergyMiser technology and are delighted that Secretary Creedon has recommended his department work with us to expand its implementation in Pennsylvania, as well as promote it to governments, business and industry nationwide," said Stephen P. Herbert, President and COO, USA Technologies. "Governor Rendell is recognized for his leadership in energy conservation and environmental protection, and as a Pennsylvania-based energy conservation company, we are proud to be recognized for our contribution towards reducing energy consumption and C02 emission," he said.
There are an estimated 600,000 vending machines and coolers in Pennsylvania and more than 14 million nationwide. USA Technologies' EnergyMiser product line is able to reduce energy consumption in vending machines, coolers, and various appliances and electronics by up to 45 percent.
Todd Garrison, the Deputy Secretary for Property Management, Department of General Services, accompanied the Secretary.
For further information regarding Secretary Creedon's visit to USA Technologies, see the article titled, "Local Firm Pitches Vending Machine technology to PA Officials" from the Sunday, September 3, Daily Local News.
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.