Wisconsin Becomes 24th Utility to Offer Rebates for USA Technologies' Energy Miser?
MALVERN, Pa, September 13, 2006 -- USA Technologies (OTC Bulletin Board: USAT) announced today that Wisconsin Focus on Energy was the latest energy utility to recognize the benefits of its EnergyMiser conservation technology and would immediately begin offering rebates to customers who purchased the product.
Wisconsin Focus on Energy is the 24th State energy utility to join the USA Technologies National EnergyMiser Rebate Program and will offer rebates ranging up to $45 for VendingMisers and SnackMisers.
The company also reported that the Silicon Valley Power utility, already participating in the program, had extended its rebate ranging up to $120 for VendingMisers and CoolerMisers for another 12 months.
"USA Technologies applauds the Wisconsin Focus on Energy utility for its environmental leadership in helping fund the installation of EnergyMisers to reduce the energy consumed by refrigerated vending machines and snack machines in the State," said Stephen P. Herbert.
USA Technologies' EnergyMiser product line can reduce the energy consumed by vending machines, glass front coolers and other commercial appliances by up to 45 percent, and is already saving a growing number of cities and States millions of dollars annually in energy costs.
Wisconsin Focus on Energy is a public and private partnership that offers energy information, services and support to residents and businesses throughout Wisconsin. The partnership is made up of the Wisconsin Department of Administration's Division of Energy, Wisconsin Energy Conservation Corporation, the Energy Center of Wisconsin, and several energy consulting firms.
The goal of Wisconsin Focus on Energy is to encourage energy efficiency and use of renewable energy, enhance the environment, and ensure the future supply of energy for Wisconsin.
"Wisconsin Focus on Energy reports that this winter's natural gas bills are expected to be about 50 percent higher than last year and electricity rates will continue to rise as global demand for energy increases," said Mr. Herbert. "USA Technologies welcomes Wisconsin Focus on Energy to the rebate program and looks forward to working with Wisconsin's residents to lower energy consumption in the State," he said.
Since July 2001, more than 600,000 Wisconsin residents and businesses have worked with Focus on Energy to save more than $98 million annual energy costs. USA Technologies estimates that if EnergyMisers were installed in vending machines and coolers located throughout Wisconsin, it could annually reduce energy consumption in the State by 286 million kilowatt hours and save $25.7 million in energy costs.
The rebates for USA Technologies VendingMiser, CoolerMiser, SnackMiser and PlugMiser range from $30 to $120 per unit. A complete list of the utility companies participating in the USA Technologies Rebate Program is available on the website.
USA Technologies is a market leader in energy management, wireless cashless transaction technology, on-line laundry services, and 24x7 business center services for the hospitality industry. The company includes among its customers leading brand names in the Fortune list of companies in all 50 states and 7 countries.
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.