Smartcool Systems Inc. (TSXV: SSC), reports that the Company's Energy Saving Module (ESM™) technology has successfully completed vigorous testing by the University of Miami's Department of Industrial Engineering for Florida Power & Light Company ("FPL") under FPL's Conservation R&D Program. The goal of the research was to estimate how Smartcool's ESM™ is able to reduce energy consumption overall but more importantly reduce demand during peak hours both in the Summer and Winter schedule. The ESM™ technology was installed on the HVAC equipment at a site of a National Drug Chain located in Miami, Florida.

 

"It was a privilege to be chosen to participate in this R&D project and we are extremely pleased with the outcome of the 12 month test completed by the University of Miami," states George Burnes, President & CEO of Smartcool Systems Inc. "Having such a well regarded Utility such as FPL publish a report that outlines the economic benefits available by using the ESM™ is a significant milestone for our Company. The independence of such a report and the ability to distribute it as a public document to interested parties throughout our distribution network will only help the ESM™ to become more widely adopted technology world-wide."

"This report is a valuable tool for our sales representatives especially in the Florida region," added Chris Lefaivre, VP Sales and Marketing for Smartcool Systems Inc. "The savings shown in the report reflects a 29-month payback, before applying rebates that it now qualifies for, based on the size and location of the test environment. Industry reports have shown that this falls well within the parameters that industry is looking for when evaluating the economics of capital programs. We will now be able to approach customers armed with a document that illustrates impressive kWh savings and peak demand reduction giving them further confidence that Smartcool's ESM™ technology will provide significant cost savings."

The FPL Group, with annual revenues of nearly $16 billion and a growing presence in 26 states, is nationally recognized as one of the country's premier energy companies. FPL Group's two principal subsidiaries are Florida Power & Light Company and FPL Energy, LLC. FPL is the largest investor-owned electric utility in Florida, serving more than 4.4 million customer accounts. It is one of the largest and fastest-growing electric utilities in the United States and is the nation's leading utility in customer energy efficiency programs. FPL Energy is a leader in producing electricity from clean and renewable fuels, a world leader in the development and operation of wind power, and the largest generator of solar power in the nation.

Chris Lefaivre continued, "FPL is committed to its community and the environment. They invest more than $100 million annually on energy efficiency programs and incentives and see efficiency as a major part of stemming the ever increasing demand for energy. Over the past decade the FPL Product Development Group has identified, tested and assisted with the deployment of green technologies that have mitigated the need to build 10 power plants, saving millions of dollars in generation costs, not to mention the environmental benefits."

George Burnes summarized, "We feel confident that being able to provide a third-party report from FPL, a globally recognized leader in energy efficiency initiatives and environmental programs, will provide further comfort to our customers and it is our expectation that the sales cycle for our technology will be reduced significantly."

The following provides the Executive Summary of the final report prepared by The University of Miami for FPL with respect to the 12 month field monitoring test of the ESM™. The test was completed at one of FPL's client locations, a national chain drug store located in Miami, Florida.

Report - Executive Summary

"This is a field test of the SMARTCOOL™ Energy Savings Module™ (ESM™) in a commercial HVAC application conducted by the University of Miami for Florida Power & Light Company under FPL's Conservation R&D Program. The Smartcool is an electronic control system which collects temperature data versus time when the compressor is on or off in order to calculate the optimal run time for each compressor. Control modules connect to switches located between the thermostat and each compressor.

The goal of the research is to estimate demand reduction of a heating/ ventilation/and air-conditioning (HVAC) control technology from Smartcool Systems, Inc. during Florida Power & Light summer schedule peak hour (4:00 to 5:00 pm), and winter schedule peak hour (7:00 to 8:00 am) specifically during the months of August and January, respectively. Additionally, consumption and reduction of energy (kilowatt-hours) is also of primary importance.

To measure the impact of the SMARTCOOL™, the University of Miami, Department of Industrial Engineering team installed, 21 dedicated data loggers and current transformers (CT), 3 loggers at the service entrance and 3 loggers on each of the A/C roof top units, free-standing, building of a national chain drug store in Miami, Florida.

These loggers were installed to acquire the power consumption at the service entrance and for each of these six units for a full one year. The SMARTCOOL™ was switched ON/OFF every other week to minimize the effect of the weather variation.

This report explains the methodology followed by the University of Miami team, presents the main results obtained, and explains the analysis techniques followed to investigate the performance of the SMARTCOOL™ to determine whether or not the installation of the SMARTCOOL™ on the cooling units will result in a reduction in the power consumption and/or the peak demand. The data collected using the HOBOs were validated by comparing it to a number of the electric bills of that facility. The average absolute percentage difference between the logged kWh and the FPL reported kWh was 3.34% for the 5 billing cycles selected during the winter period, while the average absolute difference between the logged kW demand and the FPL reported kW demand was 2.32%, and for the summer period the average absolute percentage difference between the logged kWh and the FPL reported kWh was 3.34% for the 3 billing cycles selected, while the average absolute difference between the logged kW demand and the FPL reported kW demand was 2.32%.

After validation of the data collection process, the multiple regression technique was the statistical tool used to analyze the data obtained. The kWh consumption data of the cooling units corresponding to an outside temperature that was below the thermostat setting of 70˚F were excluded from the analysis.

Regression equations were developed to describe the relationship between the power consumption of the A/C units (kWh), peak demand recorded at the service entrance (kW) and both the outside temperature and the SMARTCOOL™ were developed.

A t-test was performed on both the indoor relative humidity (RH) and temperature for the summer months. The first hypothesis tested was whether the mean RH with the SMARTCOOL™ "ON" equals the mean RH when it's "OFF". The t-test showed that there was no statistical significant difference (P <.001) between the mean RH values when the SMARTCOOL™ was "ON" and when it was "OFF".

The same conclusion was drawn when performing the t-test on the indoor temperature, there was no statistical evidence that turning the SMARTCOOL™ will significantly alter the indoor temperature (P <.001).

Based on the regression equation developed, it was concluded that the SMARTCOOL™ managed to reduce the kWh consumption by 8.9% and to reduce the peak demand by 10.8 % respectively. Using the test building characteristics and typical average weather for the FPL service territory, the annual energy savings is estimated to be 43,660 kWh with a demand reduction of 6.9 kW at 4-5 PM in August. The greatest energy savings occurred during the summer months. These savings were achieved with no report of change in comfort by the occupants of the test location."

About Smartcool

Smartcool Systems Inc. (TSX-V: SSC) delivers cutting edge energy efficiency and cost reduction solutions for businesses around the world. The ESM™ and ECO3™ are Smartcool’s unique retrofit technologies that reduce the energy consumption of compressors in air conditioning, refrigeration and heat pump systems. Energy savings achieved by the ESM™ and ECO3™are quantifiable and the products can qualify for government and utility rebates. The technology has been validatedby rigorous third party testing, government organizations and private business installations.

Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.

 

Investor Inquiries

Mike Kordysz
Tel: +1 604 904 8632
mike.kordysz@smartcool.net

TSX-V: SSC
OTC: SSCFF
Frankfurt: R3W

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