LAS VEGAS, Sept. 9, 2008 (GLOBE NEWSWIRE) -- MetaPower International, Inc. (Pink Sheets:MTPR) is pleased to announce that the Company has signed a contract with Bruce Power to begin a new feasibility study in its nuclear power facilities in Ontario, Canada. The study will begin in September of this year and will be conducted by the Company's subsidiary, MetaPower Canada. Bruce Power currently leases "The Bruce" nuclear facilities from Ontario Power Generation and is listed as the largest nuclear facility in North America and second largest in the world.
The feasibility study will evaluate the feasibility of developing maintenance plans using off site planning resources. The resources used will be MetaPower Canada contractors working off site using the Company's UCoDA web technology software to manage and perform the work. If the study proves the concept is viable, the company expects a contract to develop the UCoDA system and plan an initial backlog of approximately 27,000 work orders. The contract value of this study is approximately $30,900.
"This is the perfect opportunity for MetaPower International to prove the large scale capability of our UCoDA web technology software before we begin marketing it to retail channels. The feasibility study is a very important project and we believe it will be a successful one," stated Ken Allen, President of MetaPower International, Inc.
About MetaPower International, Inc.:
MetaPower International, Inc. is a technology firm founded in 1996 that provides information technology and change management services to hazardous process industries. This link between technology and services is critical to enable the changes necessary to successfully compete in the current environment. In today's competitive world, business operations must be streamlined if new levels of performance and operational excellence are to be achieved.
This press release contains "forward-looking statements." Forward-looking statements are statements concerning plans, objectives, goals, strategies, expectations, intentions, projections, developments, future events, or performance, underlying (expressed or implied) assumptions and other statements that are other than historical facts. These forward-looking statements are only predictions. No assurances can be given that such predictions will prove correct. Actual events or results may differ materially. Forward-looking statements should be read in light of the cautionary statements and risks that include, but are not limited to, the risks associated with a small company, our comparatively limited financial resources, and other factors that may adversely impact us. These or other risks could cause actual results to differ materially from the future results indicated or implied in such forward-looking statements. We undertake no obligation to update or revise such statements to reflect events, circumstances, or new information after the date of this press release or to reflect the occurrence of unanticipated or other subsequent events.