Smartcool Update on Acquisition of Total
Energy Concepts
Vancouver, British Columbia--(Newsfile
Corp. - June 19, 2018) - Smartcool
Systems Inc. (TSXV: SSC) (OTC Pink:
SSCFF) (FSE: R3W) ("Smartcool" or
the "Company")
is pleased to announce that it has
amended the letter agreement pursuant to
which it proposes to acquire Total
Energy Concepts Inc. ("TEC")
from its sole shareholder - Damian Smith
- in a transaction originally announced
on March 13, 2018.
As amended, the letter agreement
provides that Smartcool will acquire
100% of the outstanding shares of TEC in
return for 18,000,000 common shares of
Smartcool ("Smartcool Shares")
and 5,000,000 non-transferable share
purchase warrants (each, a "Warrant")
to be issued to Damian Smith at closing,
and US$150,000 in cash payable over 12
months from the closing date. Each
Warrant will entitle Mr. Smith to
purchase one additional Smartcool common
share at the Closing Price until the
fifth anniversary of the closing date.
In the original letter agreement, the
number of Smartcool Shares to be issued
to Mr. Smith at closing was to be
determined at closing, based on the
market price in effect immediately
before closing; the amendment removes
this uncertainty and fixes the number of
Smartcool Shares at 18,000,000. The
letter agreement continues to be subject
to customary conditions, including the
execution of a definitive agreement and
TSX Venture Stock Exchange Approval.
The Company has substantially completed
its due diligence and can report that
TEC's financial statements for the year
ended December 31, 2017, show net income
of (US$147,251) (CDN$194,371) on 2017
revenues of US$2,012,278
(CDN$2,656,207). The parties have agreed
to fix an 'effective date' for closing
of April 1, 2018.
TEC is a Minnesota-based distributor of
Smartcool products and other energy
efficient products that has been in
business since 2003. Damian Smith,
President and Chief Executive Officer of
TEC, has been very successful in growing
the company and developing several
proprietary products.
These include Power Factor Correction
equipment (PFC), Voltage Conditioning
Units (VCU) and Intelligent Generator
Optimization Systems (IGOS). In addition
to these proprietary products, TEC
markets a host of energy efficiency
products to provide clients a holistic
approach to energy savings in an effort
to help clients reduce energy
consumption and save money.
Damian Smith and Ted Konyi believe that
the synergies from a strategic merger of
these two companies present a very
attractive growth opportunity.
Ted Konyi commented, "I am pleased to
have reached agreement on this amendment
as it provides clarity on the number of
shares being issued for all parties. We
are endeavouring to complete this
transaction within the next few weeks,
subject to stock exchange approval."
About TEC
Total Energy Concepts Inc., founded in
2003, offers a holistic approach to
Energy Savings with its client base.
Solutions include LED lighting, Power
Quality and Protection Strategies, Power
Factor Correction, Intelligent Motor and
Facility Controls as well as other
energy efficiency upgrade technologies.
The company has successfully delivered
its products to thousands of companies
across North America and includes a
diverse customer base from C-stores to
Fortune 500 Companies. Working through
14+ representatives has generated
significant sales and profitability
providing the opportunity for continued
growth.
About Smartcool
Smartcool Systems Inc. provides cutting
edge energy efficient and energy cost
reduction solutions for businesses
around the world. The ECO3, ESM and
ECOHome are Smartcool's unique retrofit
technologies that reduce the energy
consumption of compressors in air
conditioning, refrigeration and heat
pump systems by up to 40%.
Smartcool Installs at Apogee Condominiums
Managed by Atlantic Pacific Companies
Installed on Heat Pumps in Common Areas and on
90 Heat Pumps for 49 Beachfront Condominium
Units
Vancouver, British Columbia--(Newsfile Corp.
- April 19, 2018) - Ted Konyi, CEO,
Smartcool Systems Inc. (TSXV: SSC) (OTC
Pink: SSCFF) (FSE: R3W) is pleased to
announce that the company has completed an
installation at Apogee Beach Condominiums,
Hollywood, Florida.
An initial installation of Smartcool's
proprietary technology on 5 Heat Pumps
serving the common areas of the Apogee
Condominium tower provided in excess of 20%
reduction in compressor run time. With this
positive result the Apogee Beach Condominium
Association chose to install Smartcool
energy efficiency technology on all 90 heat
pumps servicing the 49 Exclusive Beachfront
Residences.
Apogee Beach Condominium Association is one
of over 50 Condominium Associations managed
by Atlantic Pacific Companies. With ever
increasing utility costs, Atlantic Pacific
Companies turned to Oscar Behncke of WWJD
Engineering Inc. to recommend options for
energy reduction.
Oscar had successfully installed Smartcool
some years ago at the JW Marriott Hotel in
Miami and recalled the effectiveness of the
system. He believed that there would be an
application at the Apogee and confirmed the
efficacy and economics of the system to the
managers at Atlantic Pacific.
The recent developments in Heat Pumps that
both heat and cool spaces efficiently
through the refrigeration cycle is providing
a broader opportunity for the application of
Smartcool's technology.
Ted Konyi commented "This installation is an
extremely important step in Smartcool's
aggressive growth strategy. The recent
successes in the UK on Heat Pumps
demonstrated that Smartcool has
opportunities for sales even in temperate
climates. Heat Pumps are being installed in
more applications given their flexibility of
providing both heating and cooling with one
system and operating more efficiently than
traditional heating systems. Given the
application of reverse-cycle air
conditioning, which basically uses
refrigeration in reverse for generating
heating, Smartcool's technology can be very
effective on both heating and cooling in
reducing overall compressor run time and
thereby reducing energy consumption. This
provides a much better economic return for
the customer and a much broader base of
potential customers for the company. Working
with Oscar has been great as he both
understands the potential applications for
the technology and has a capable team of
installation professionals."
Oscar Behncke said "The success at Apogee
provides a platform for moving Smartcool
into many other similar Homeowners
Associations in Florida and elsewhere.
Everyone is looking for efficiency and
working with Smartcool provides an
opportunity to reduce the costs of one of
the largest consumers of energy in the
household. I believe that working with
company's like Atlantic Pacific will yield
more opportunities for Smartcool and the
consumers alike."
Smartcool would also like to announce that
the Board of Directors have revoked the
resolution, passed at the last AGM,
authorizing the Board to complete a 5:1
consolidation of the common shares of the
Company. The Board has determined that given
the current business activities, including
the previously announced residential
initiative, agency agreement with Cool Save
UK and the proposed acquisition of Total
Energy Concepts Inc., a consolidation was
not appropriate at this time. The Board
believe that these business activities
should have a significant positive impact on
the revenue and profitability of the Company
which mitigates the need for a consolidation
at this time.
About Smartcool
Smartcool Systems Inc. (TSXV: SSC) (OTC
Pink: SSCFF) (FSE: R3W) provides cutting
edge energy efficient and energy cost
reduction solutions for businesses around
the world. The ECO3, ESM and ECOHome are
Smartcool's unique retrofit technologies
that reduce the energy consumption of
compressors in air conditioning,
refrigeration and heat pump systems by up to
40%.
Legal Notice Regarding Forward Looking
Statements
This news
release contains "forward looking
statements". Forward-looking statements are
projections of financial performance or
future events. Forward-looking statements
can be identified by the use of words such
as "expect", "anticipate", "intend", "plan",
"believe", "estimate" and words of similar
meaning. Forward-looking statements are
based on management's current expectations
and assumptions and they are subject to
risks that may cause actual results to
differ materially from those expressed or
implied by such forward looking statements.
These statements are subject to risks that
may cause the actual results to be
materially different in future periods from
those expressed or implied by such forward
looking statements. Risks that may prevent
or delay the forward looking statements from
coming to fruition as anticipated include
the availability of working capital, risks
inherent in product development, as well as
market factors that may increase costs or
time to market. It is our policy not to
update forward looking statements except to
the extent required under applicable
securities laws. Further information on the
Company is available at www.sedar.com or
at the Company's website, www.smartcool.net.
Neither
the TSX Venture Exchange nor its Regulation
Services Provider accepts responsibility for
the adequacy or accuracy of this release.
Mike Holmes partners with ECOHome(TM) for the
Residential Market
Vancouver, British Columbia--(Newsfile Corp.
- April 3, 2018) - Ted Konyi, CEO, Smartcool
Systems Inc. (TSXV: SSC) (OTC Pink: SSCFF)
(FSE: R3W) (the "Company")
today announced that Smartcool has entered
into an agreement with Mike Holmes and The
Holmes Group to partner and promote the
Company's ECOHome™ products internationally.
Mike Holmes, trusted Contractor and TV Host
said "the ECOHome™ is what every homeowner
needs in today's world of ever-increasing
electricity costs. Saving money while
reducing carbon emissions is what I call
'Making it Right'."
A trusted technology used in commercial
buildings will now be available to
homeowners. The Company's push into the
Residential market should begin shortly
starting with a digital media campaign
directed towards selected markets in the
U.S. sunbelt states (Arizona, California,
Texas, Nevada, Florida, etc.)
The campaign will feature the uncompromising
Mike Holmes, star of such popular TV shows
as "Holmes on Homes®", "Holmes Makes It
Right", "Holmes Inspection" and "Holmes +
Holmes". As a Brand Ambassador, Mike has
agreed to introduce the Company's ECOHome™
product to the millions of homeowners who
live in these markets. Filming of the
campaign videos took place in Toronto in
February.
"Mike and his crew were great to work with,"
said Don Iannucci, Smartcool's head of
ECOHome™ initiative. "Mike is the consummate
professional and is a big believer in energy
efficient homes. He really gets the
importance of the ECOHome™, and its
potential saving of up to 40% to the
consumer."
Mike Holmes has agreed to be featured on the
ECOHome™ website www.ecohome.cool which
is to be launched when the test marketing
begins. Customers can order their ECOHome™
directly from the website at a price of U.S.
$499.00 which will include professional
installation.
About Mike Holmes
Mr. Holmes, is currently the CEO and primary
owner of The Holmes Group of Companies. Mr.
Holmes is the long-time host of over five
series featured on cable primetime TV
including Holmes on Homes®, Holmes
Inspections, Holmes Makes it Right, Home
Free on FOX TV and, most recently, Holmes +
Holmes featuring Mike's son (Mike Jr). His
shows have been broadcast worldwide in over
92 countries and the Holmes brand is
synonymous with quality, integrity and
trust. The Holmes brand resonates with
homeowners and his goal of education for all
has created one of the most prolific
international brands coming from Canada. Mr.
Holmes' extensive efforts to raise building
standards has led to him being awarded the
prestigious Queen's Diamond Jubilee medal
and being recognized in the House of Commons
in 2006. With over a dozen years of filming
Mike also donates his time to SOS Children's
Villages Canada, Skills Canada, World Skills
and The Holmes Foundation to encourage
careers in the skilled trades and to get the
training required to Make it Right!
About Smartcool
Smartcool Systems Inc. (TSXV: SSC) (OTC
Pink: SSCFF) (FSE: R3W) provides cutting
edge energy efficient and energy cost
reduction solutions for businesses around
the world. The ECO3, ESM and ECOHome
are Smartcool's unique retrofit technologies
that reduce the energy consumption of
compressors in air conditioning,
refrigeration and heat pump systems by up to
40%, giving customers a return on investment
in as little as 12 months.
Smartcool's proven technologies lowers energy
consumption and costs for Cryptocurrency,
BlockChain & Cannabis Growers
Vancouver, British
Columbia--(Newsfile Corp. - January 31, 2018) - Smartcool
Systems Inc. (TSXV: SSC) (OTC Pink: SSCFF)
(FSE: R3W) is pleased to announce that given the
successful installation and proven energy
savings at SSE's Data Centre located in
Hampshire UK, it is now focusing on
Cryptocurrencies, BlockChain applications and
Cannabis growers in North America.
The use of
BlockChain for Cryptocurrencies and other
applications has created a tremendous surge in
computing requirements. The two primary elements
of energy consumption for data processors is the
energy to run the servers/computers and HVAC
systems to keep them from overheating. Cooling
is estimated to represent about 40% of total
energy costs associated running the facility.
Nomura (an
Asia-headquartered global investment bank) noted
that power used to mine bitcoin is estimated at
33.2 terawatt hours. ... According to the index,
the amount of energy consumed by mining bitcoin surged
about 26 percent in November alone and now
totals nearly 36 terawatt hours, enough energy
to power about 3.3 million homes. Reported Dec
21, 2017
The website Digiconomist claims
that bitcoin operations use as much energy as
Denmark, or enough to power 3,071,823 U.S.
households.
Ted Konyi, CEO, said
"It has become clear that BlockChain is being
successfully used to enhance security with the
first application being Cryptocurrency. The use
of BlockChain requires a tremendous amount of
computational power driving electrical
consumption. Smartcool can significantly affect
the energy consumption for keeping the computers
cool. As such, it can benefit the consumers
financially and improve their environmental
footprint. The Cannabis Industry is also booming
and again Smartcool can provide a significant
impact. Cooling represents a very large portion
of overall costs given the heat that grow lights
generate. Smartcool's technology has proven to
reduce A/C costs and could reduce growers'
energy costs and carbon footprint."
Cannabis growing
might look and smell natural, but its
ecological footprint is anything but green. Pot
growing is very power hungry. The cannabis
industry is one of the nation's most energy
intensive, often demanding 24-hour indoor
lighting rigs, heating, ventilation and
air-conditioning systems at multiplying grow
sites. HVAC averages between 30% and 50% of
total energy costs dependent on seasonal
temperatures.
A 2015 US report
stated that Cannabis was the fastest growing
industry in the United States.[6] The
industry in the United States is expected to
grow from $2 billion in 2014 to as much as $10
billion in 2018, depending on legalization
outcomes.
Canada is set to
become the second country to legalize adult-use
of marijuana with Bill C-45 on July 1st, 2018 Cannabis
in Canada. As of December 2017, there are 79
licensed marijuana producers in Canada with most
concentrated in Ontario and British Columbia.
According Deloitte, the base retail market is
valued at $4.9-$8.7 billion annually.
About Smartcool
Smartcool Systems Inc. (TSXV: SSC) (OTC Pink:
SSCFF) (FSE: R3W) provides cutting edge energy
efficient and energy cost reduction solutions
for businesses around the world. The ECO3 and
ESM are Smartcool's unique retrofit technologies
that reduce the energy consumption of
compressors in air conditioning, refrigeration
and heat pump systems by up to 40%, giving
customers a return on investment in as little as
12 months.
For further
information
www.smartcool.net | www.smartcooleco3.com |
EMAIL info@smartcool.net
Investor Inquiries
Mike Kordysz,
Vice President, Investor Relations
TEL +1 604 904 8632 | EMAIL mike.kordysz@smartcool.net
Disclaimer for
Forward-Looking Information
Certain statements in this release are
forward-looking statements. Forward-looking
statements consist of statements that are not
purely historical, including any statements
regarding beliefs, plans, expectations or
intentions regarding the future. Such statements
are subject to risks and uncertainties that may
cause actual results, performance or
developments to differ materially from those
contained in the statements. No assurance can be
given that any of the events anticipated by the
forward-looking statements will occur or, if
they do occur, what benefits the Company will
obtain from them. Forward looking statements in
this release include those concerning the size
and timing of the Offering and the proposed use
of proceeds. These forward-looking statements
reflect management's current views and are based
on certain expectations, estimates and
assumptions which may prove to be incorrect. A
number of risks and uncertainties could cause
our actual results to differ materially from
those expressed or implied by the
forward-looking statements, as well as other
factors beyond the Company's control. These
forward-looking statements are made as of the
date of this news release.
Neither TSX
Venture Exchange nor its Regulation Services
Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of
this news release.
The installation at a top UK Premier League Football
Club Stadium will provide Energy Reductions and
deliver significant Financial and Environmental
Benefits.
Vancouver, British
Columbia--(Newsfile Corp. - December 12, 2017) -
Ted Konyi, CEO, Smartcool Systems Inc. (TSXV:
SSC) (OTC Pink: SSCFF) is pleased to announce
that the company has successfully completed an
installation at one of the UK's top "Premier
League" Football Clubs.
Energy reductions
are already being recorded and look certain to
exceed the expected targets that have been set
by the club management.
Ted Konyi commented,
" This installation carries on the success that
our UK team is having with a number of market
verticals. Of particular interest on this
installation is that Smartcool's proprietary
technology was applied to Mitsubishi Ecodan heat
pumps being used to heat the domestic hot water
for the stadium. This system is a more efficient
method of heating hot water and either a
replacement for gas fired boilers or installed
on new construction as an alternative to gas
fired boilers. It represents an entirely new
market opportunity for Smartcool that consumes
large electrical energy that can be improved
through the deployment of Smartcool technology.
The system operates 24/7/365and averages 1mWh
per day. Anticipated ROI is 2 year or less."
Nick Weedon,
Smartcool's National Sales Manager responsible
for the account said, " This installation marks
another successful project designed and executed
by the Smartcool UK team. The application on the
Clubs heat pumps broadens the base of Smartcool
installations bringing both financial and
environmental benefits. Working with such a
prestigious client who recently topped Sky
Sports Ultimate Premier League Table was
exciting for us all. I look forward to working
with the club on other projects in the near
future."
About Maloney
Associates Ltd.
The sustained energy
management for the club was carried out by Keith
Maloney, MD of Maloney Associates, Keith's has
vast experience of over 25 years in the
management of energy and environmental projects.
Maloney Associates were one of the first
professionals in the UK to be accredited to the
CMVP (Certified Measurement Verification
Professionals). They are also one of the first
to be accredited "Low Carbon ISO 50001
consultants" by CIBSE. Keith and his team have
fast become one of the country's leading
consultants with a reputation for delivering
substantial energy, costs and carbon savings.
About Smartcool
Smartcool Systems
Inc. (TSXV: SSC) (OTC Pink: SSCFF) (FSE: R3W)
provides cutting edge energy efficient and
energy cost reduction solutions for businesses
around the world. The ECO3, ESM and
ECOhome are Smartcool's unique retrofit
technologies that reduce the energy consumption
of compressors in air conditioning,
refrigeration and heat pump systems by up to
40%, giving customers a return on investment in
as little as 12 months.
Smartcool Introduces the ECOhome to the Residential
Air Conditioning Market Savings of up to 40% to the
Homeowner
Vancouver, British
Columbia--(Newsfile Corp. - December 5, 2017) -
Smartcool Systems Inc. (TSX: SSC) (OTC Pink: SSCFF)
is pleased to announce the release of a new product,
the ECOhome, which will focus on the lucrative
residential air conditioning market.
Smartcool's proprietary
control algorithm technology has delivered proven
energy efficiencies and savings to some of the
world's best known brands over many years including:
McDonalds, Burger
King, Dell Computers, Tesco, General Electric,
Hilton, Radisson, Mercedes Benz, Jaguar Motorcars,
United Utilities, Telefonica, Emcor, and SSE
Ted Konyi, Smartcool CEO
said: "The Company has built a pedigree of
delivering meaningful energy savings at over 30,000
installations around the world, in some of the most
challenging environmental conditions, to large
commercial and industrial clients. We now feel the
time is right to continue to expand our mission of
bringing energy savings, environmental
responsibility and carbon emission reductions to our
planet by entering the largest and most exciting
sector — the residential market."
Mr. Konyi continued,
"The residential market in the U.S. alone is
massive, with about 100 million residences with A/C
and heat pump systems."
Don Iannucci has been
appointed VP Business Development - Residential, and
will lead the division that will introduce our new
ECOhome product to the residential market.
Mr. Iannucci's career
encompasses being a founder and senior executive of
companies involved in data mining and information
management software, telephony, Internet, cable, on-
demand television, investment banking, and the
consolidation of companies involved in providing
heavy civil construction and oilfield services.
Don's marketing experience includes his co-founding
of Novus Communications which built a fibre optic
network of over 40,000 route miles — providing
carrier transport, video and high-speed Internet
services and marketing those services to business
and residential customers.
Don was central to the
company's marketing and acquisition activities and
to several rounds of private equity and debt
financing. Don has worked for some of the largest
marketing and communications companies in Canada
(Baker Lovick/BBDO, Cossette & BCP) where he was
responsible for overseeing the development of
strategic marketing campaigns for some of Canada's
largest advertisers and marketers.
Don said, "This is a
marketing guy's dream — the time has never been
better to market a product like the ECOhome. With
electricity costs on the rise, green initiatives on
everyone's minds, and ever warming temperatures, the
residential homeowner will welcome the ability to
save up to 40% on their air conditioning costs."
Don continues, "I expect
our campaigns — initially targeting homeowners in
the Sunbelt States such as Florida, Texas,
California, Nevada, Arizona, etc., (approximately 37
million homes with A/C) to be very well received. We
plan to focus on the residential market with a
direct-to-consumer approach using digital and
television media to target our message of
significantly saving money and reducing carbon
emissions."
About Smartcool
Smartcool Systems Inc. (TSXV: SSC) (OTC Pink: SSCFF)
(FSE: R3W) provides cutting edge energy efficient
and energy cost reduction solutions for businesses
around the world. The ECO3, ESM and ECOhome
are Smartcool's unique retrofit technologies that
reduce the energy consumption of compressors in air
conditioning, refrigeration and heat pump systems by
up to 40%, giving customers a return on investment
in as little as 12 months.
Smartcool Announces Valor Energia, A New Brazilian
Distributor
Vancouver, British
Columbia--(Newsfile Corp. - November 21, 2017) -
Smartcool Systems Inc. (TSXV: SSC) (OTC Pink: SSCFF), is
pleased to announce the addition of a new distributor
for its Energy Efficiency products in Brazil. Located in
São Paulo, Valor Energia has successfully developed and
managed several major alternative green power projects.
From Wind Farms to Solar installations and Hydroelectric
projects, Valor Energia, has developed many projects in
the energy sector and are now going to be applying their
skills to energy efficiency projects.
Ted Konyi, CEO, Smartcool
Systems commented "Brazil represents a tremendous market
opportunity for Smartcool. Given the high electricity
rates, high ambient temperatures, and the very large
concentrated population, this is a perfect combination
for generating significant economic and ecological
returns for customers. Valor Energia has the team
required to be successful with Smartcool technology and
we look forward to a successful partnership."
Armindo Bredariol Jr.,
Managing Director, Valor Energia added "we have been
searching for the best Energy Efficiency technologies to
provide to our existing customer base and believe we
will be very successful with the Smartcool products.
First installations will be commenced within the next
month with some multi location customers. With
successful reference cases, our sales team will be able
to rapidly expand the installed base. Brazil's
population of over 200 million means that there are
large refrigeration requirements and with average
ambient temperatures of 24C, much air conditioning. Both
of these suggest a very large market opportunity. We are
looking forward to working with Smartcool to develop
this market."
About Valor Energia
Valor Energia is specialized
in project management and consulting services for one of
the sectors that requires much expertise: Energy. Our
work is based on ethical principles, respect for
customers, the environment and society. We have a
multidisciplinary team. Our professionals have over 20
years of energy trading experience, project development
and implementation.
About Smartcool
Smartcool Systems Inc.
(TSXV: SSC) (OTC Pink: SSCFF) (FSE: R3W) provides
cutting edge energy efficient and energy cost reduction
solutions for businesses around the world. The
ECO3 and ESM are Smartcool's unique retrofit
technologies that reduce the energy consumption of
compressors in air conditioning, refrigeration and heat
pump systems by up to 40%, giving customers a return on
investment in as little as 12 months.
Smartcool Systems Inc. Adds Business Development Manager as
Growth Continues to Accelerate in the UK
Vancouver, British
Columbia--(Newsfile Corp. - November 15, 2017) - Steven
Martin, Smartcool's Executive VP EMEA, Smartcool Systems
Inc. (TSXV: SSC) (OTC Pink: SSCFF) (FSE: R3W), is pleased to
announce the addition of Julian Sylvester, an experienced
Sales Executive who has an extensive background within the
energy efficiency market.
Mr. Sylvester has enjoyed
significant success as a Business Development Manager over
the last 10 years with Sabien Technology Ltd., responsible
for introducing and delivering energy efficiency solutions
for large multi-site businesses and key accounts, and will
now be looking to do the same with Smartcool.
Nick Weedon, Smartcool UK
National Sales Manager stated "I am delighted to welcome
Julian to Smartcool as we expand our service and product
offerings. Julian's strong commercial and technical
expertise will compliment our current skill, helping us to
grow into new markets, Julian is a great addition and will
certainly exceed our expectations."
Julian Sylvester adds, "This is
a great opportunity for me, I'm pleased to be joining a
thriving and rapidly growing company. Smartcool has very
exciting products in an industry that is at its infancy.
Smartcool has the tools and ability to deliver significant
energy and cost reductions across all market sectors".
About Smartcool
Smartcool Systems Inc. (TSXV:
SSC) (OTC Pink: SSCFF) (FSE: R3W) provides cutting edge
energy efficient and energy cost reduction solutions for
businesses around the world. The ECO3 and ESM are
Smartcool's unique retrofit technologies that reduce the
energy consumption of compressors in air conditioning,
refrigeration and heat pump systems by up to 40%, giving
customers a return on investment in as little as 12 months.
For further information
WEB www.smartcool.net and www.smartcooleco3.com
Smartcool Continues to Add Sales Staff as Growth Accelerates in
the UK
Vancouver, British Columbia--(Newsfile
Corp. - October 25, 2017) - Steven Martin, Smartcool's Executive
VP EMEA, Smartcool Systems Inc. (TSXV: SSC) (OTC Pink: SSCFF),
is pleased to announce the addition of a seasoned Sales
Executive to the UK team with more to be announced soon. The
additional sales executive, Jon Cullum, has an extensive history
in selling within the energy efficiency market; he has also
enjoyed significant success selling energy solution based
technologies into the hospitality industry.
Nick Weedon, Smartcool UK National
Sales Manager stated "Jon is a great addition and will certainly
add value to our rapidly expanding Smartcool team, having
someone with Jon's industry knowledge and experience, will
certainly continue to enhance our growth."
Jon Cullum adds, "I am really
excited to be joining the growing team at Smartcool. There is a
tremendous amount of opportunity for businesses to take
advantage of Smartcool's proven energy saving solutions."
Smartcool has also successfully
registered with GS1 Germany GmbH and has received its LEI (Legal
Identifier Number). Smartcool is traded on the Frankfurt
Exchange under the symbol R3W.
About Smartcool
Smartcool Systems Inc. (TSXV: SSC)
provides cutting edge energy efficient and energy cost reduction
solutions for businesses around the world. The ECO3 and
ESM are Smartcool's unique retrofit technologies that reduce the
energy consumption of compressors in air conditioning,
refrigeration and heat pump systems by up to 40%, giving
customers a return on investment in as little as 12 months.
Smartcool Saves 30% Power Consumption At A Quick Serve Restaurant in
Jamaica
Vancouver, British Columbia--(Newsfile
Corp. - October 17, 2017) - Smartcool Systems Inc. (TSXV: SSC) (OTC
Pink: SSCFF) is pleased to announce the results from an initial
installation at a Quick Serve Restaurant (QSR) in Kingston, Jamaica.
The installation was completed on August 10, 2017 and electrical
power consumption was then measured at the two (2) Mitsubishi FDC680
KXE6 Heat Pumps cycling through 2 weeks in bypass and 4 weeks with
Smartcool active.
Panoramic Power sensors were used and
yielded a straight active/bypass comparison showing an average daily
reduction of 126kWh over the period. At the effective current
utility rates in Jamaica, the annual financial savings is
anticipated to be approximately $10,500 USD. Based on the customer
capital cost, it is anticipated that payback will occur in less than
18 months.
Ted Konyi, CEO, commented "This is
another great result for Smartcool and our customer. This particular
installation was completed for a franchisee of one of the top 5 Fast
Food Chains in the world and our customer operates 60 fast food
(QSR) locations in Jamaica. With the high cost of electricity in
Jamaica and most island nations, this installation represents a
win-win-win for the customer, the environment and Smartcool. QSR's
represent over 30% of all restaurant operations with over 500,000
locations worldwide. Although economic results will vary based on
ambient temperatures and utility rates, this segment represents a
very large opportunity for Smartcool."
About Smartcool
Smartcool Systems Inc. (TSXV: SSC)
provides cutting edge energy efficient and energy cost reduction
solutions for businesses around the world. The ECO3 and ESM are
Smartcool's unique retrofit technologies that reduce the energy
consumption of compressors in air conditioning, refrigeration and
heat pump systems by up to 40%, giving customers a return on
investment in as little as 12 months.
For further information
WEB www.smartcool.net and www.smartcooleco3.com
EMAIL info@smartcool.net
Investor inquiries
Mike Kordysz
Vice President, Investor Relations
TEL +1 604 904 8632
EMAIL mike.kordysz@smartcool.net
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