11.06.2008 12:00:00
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Presidio Installs USA Technologies' VendingMiser(R) Devices to Lower Carbon Footprint and Energy Consumption
USA Technologies (NASDAQ: USAT) announced today that the Presidio, one
of the most recognizable national parks in the United States, has
installed VendingMiser, energy saving devices, on vending machines
throughout the park.
The City of Monterey's Plans and Public Works Department coordinated
with the Association of Monterey Bay Area Governments Energy Watch
program to install the VendingMiser in the vending machines at the
Presidio for free.
The Monterey Bay Area Government Energy Watch Program is a joint project
of Pacific Gas and Electric Company and the Association of Monterey Bay
Area Governments. The program offers residents and hospitality
businesses in the counties of Monterey, San Benito, and Santa Cruz, and
the cities within them, technology and tools to save energy, lower
energy costs and operate more efficiently.
"We are excited that a National Park of the
stature of the Presidio, which has nearly 800 buildings and attracts
more than five million visitors a year, has installed the VendingMiser
to help lower C02 emissions and reduce energy consumption,”
said Hank Ryan, Efficiency Data & Development, Capitola, California, USA
Technologies’ EnergyMiser distributor in
Northern and Central California.
The Association of Monterey Bay Area Governments Energy Watch estimates
that the VendingMiser will cut the Presidio's carbon footprint by 1.14
tons and save more than $17,000 per year by reducing Presidio’s
energy demand.
Typical energy consumption for a refrigerated vending machine can be as
much as 3,500 kilowatt-hours (kWh) per year, equal to about $560 in
annual energy cost per machine The VendingMiser can cut energy
consumption in a refrigerated vending machine by up to 46 percent or as
much as $260 in energy cost savings each year
"We are seeing an increase in spending by
Federal, State and Local Governments, agencies and institutions, for our
energy conservation technology, as well as interest from a growing
public sector customer base,” said Wendy
Jenkins, Vice President of Marketing, USA Technologies. "And
we expect demand to accelerate during the summer, especially as the
effects of record high energy prices take hold. We are also seeing an
increase in interest for our VM2iQ, CM2iQ, CoolerMiser, SnackMiser and
PlugMiser – all products from our EnergyMiser
line,” she said.
USA Technologies studies have found that if the estimated four million
refrigerated vending machines and 10 million coolers in America were
equipped with EnergyMisers, calculated at a conservative 35 percent
savings, the approximate annual impact could be a:
Reduction of 15,330,000,000 in kilo watt hours
Savings of approximately $1,379,700,000
Reduction of 22,995,000,000 lbs of C02
Reduction of 7,000,000 tons of coal
Savings equivalent to powering 1,500,147 homes
Savings equivalent to eliminating 851,666 cars from the roadway
VendingMiser also offer operators an unequalled value proposition for
vending machine manufacturers and operators, lowering operational costs,
improving efficiencies and productivity, and adding a competitive edge.
About USA Technologies:
USA Technologies is a leader in the networking of wireless non-cash
transactions, associated financial/network services and energy
management. USA Technologies provides networked credit card and other
non-cash systems in the vending, commercial laundry, hospitality and
digital imaging industries. The Company has agreements with AT&T,
Honeywell, Blackboard, MasterCard and others. For further information on
USA Technologies, please visit www.usatech.com.
To view a Company overview presentation, visit http://www.usatech.com/company_info/dl/USAT_company_overview_2008_05_1
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your Internet browser's address field. Remove the extra space if one
exists.)
Statement under the Private Securities
Litigation Reform Act:
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.
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