SOURCE: POWRtec International Corp

POWRtec International Corp

February 28, 2011 08:45 ET

POWRtec Comments on Norwegian Market Opportunities

CAMPBELL, CA--(Marketwire - February 28, 2011) - POWRtec (OTCBB: POWT), an innovative California-based energy monitoring company, is pleased to comment upon recent emerging opportunities in the Smart Meter Sector.

All over the world, smart meters are increasingly going to become the standard within homes and businesses. In an attempt to increase preservation awareness and reduce consumption in Norway, the government has pushed the deadline forward for the implementation of smart meters in homes and businesses by two years to 2016. The Nordic market is heating up and POWRtec is in an advantageous position to capitalize on these recent developments.

POWRtec is a major player within the Nordic market. The company already has contracts with the Danish utility giant, DONG Energy, for over two hundred thousand units. POWRtec's smart meters have the ability to provide comprehensive and valuable information for the benefit of the consumer as well as the utility provider.

POWRtec recently announced the formation of The Nordic Advisory Board as a measure to gain higher exposure within the energy industry in Northern Europe. The board consists of veterans within the Scandinavian energy and finance sectors. "Braced by our current position in the Scandinavian market, we intend to aggressively attack this new opportunity," Grant Jasmin, CEO of POWRtec states. "In light of our recent establishment of the Nordic Advisory Board, we will leverage the board members' network to make more headway into the lucrative pioneering Scandinavian market."

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.

Disclaimer -- Forward Looking Statements
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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