USA Technologies Becomes an ENERGY STAR Partner
MALVERN, Pa, November 8, 2005-- USA Technologies (OTCBB: USTT) announced today that it was helping companies maximize savings in energy and operating costs while earning the ENERGY STAR label for buildings - the US Environmental Protection Agency's (EPA) national symbol for superior energy performance.
As a provider of energy-efficient VendingMiser®, CoolerMiser?, VM2IQ?, CM2IQ? SnackMiser? and PlugMiser products that have the capability to immediately, upon installation, reduce energy consumption in vending machines, coolers and other electronic machines by almost half, USA Technologies is improving the energy performance of its clients through upgrades and implementing proven energy management strategies. Clients can strive to earn the ENERGY STAR label for their buildings and positively affect their operating expenses and shareholder value.
Some of the county's most influential corporations, as well as, military bases, educational facilities and state and federal agencies are using USA Technologies' energy management products to maximize energy savings. Some of these include Ford Motor Company, Dell, Inc, Albertsons, Marriott, Sheraton, PepsiCo and colleges and universities in all 50 states.
"President George W. Bush is calling on the nation to conserve energy and utilize energy conservation technology to help lower America's consumption of energy," said Stephen P. Herbert, President and COO, USA Technologies. "We are committed to helping our customers to immediately reduce energy consumption and to help them in their efforts to be environmentally responsible citizens."
"Investments in improving energy performance can achieve competitive rates of return while cutting energy costs by 30 percent," said Jean Lupinacci, branch chief, EPA. USA Technologies has committed to helping its customers achieve superior standards of energy performance in their buildings. This will help these customers reap financial rewards and position themselves as environmentally responsible citizens," said Lupinacci.
EPA estimates that by 2010, the savings from energy-efficient investments will reduce the annual greenhouse gas emissions in the United States by 2.4 million tons â?? the equivalent of the pollution produced by 1.7 million cars â?? and save taxpayers more than $750 million per year.
For more information about ENERGY STAR, visit www.energystar.gov.
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.