SOURCE: POWRtec International Corp.

POWRtec International Corp.

August 15, 2011 08:30 ET

POWRtec: Smart Meter Market Expected to Grow Significantly

SUNNYVALE, CA--(Marketwire - Aug 15, 2011) - POWRtec (OTCBB: POWT), an innovative California-based energy monitoring company, is pleased to comment on recent developments within energy management technology for the domestic market.

Smart meters provide consumers with an unprecedented amount of control over their energy usage within the home. When used in conjunction with complimentary energy management devices around the home, a smart network is created with the ability to monitor and reduce power consumption at peak times. Similarly, the technology allows for the utility companies to more accurately control and avoid excess energy production. The implications for cost and energy savings are significant for both consumer and utility provider.

"The potential savings for the average consumer as well as for the utility providers make smart meter solutions extremely appealing," comments Grant Jasmin, CEO of POWRtec. "This win-win solution promises a potential huge growth for the smart meter industry."

According to energy market research specialists, Pike Research, the smart grid industry is expected to grow from $356 million in 2010 to nearly $4.2 billion by 2015. By that point, government and private sector investments in smart-grid technology are expected to total more than $45 billion.

According to GE, this consumer-driven demand response reduction could provide the largest reduction in U.S. electricity peak demand. "Perhaps most significant of all is the long term benefit to our environment," adds Grant Jasmin. "Smart meter technology empowers the consumer to make responsible choices regarding their energy usage within the home, something they are not currently able to do with conventional monthly bills."

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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