Vancouver, B.C. – Smartcool Systems Inc. (TSXV: SSC) is pleased to announce that its distributor, Smartcool Systems Australia Pty. Ltd., based in Brisbane, has completed a successful trial with a major Australian Bank and has received the initial order for equipment to be installed into several hundred branches throughout Australia. In addition to the branch installations, Smartcool's technology will be implemented in the bank's commercial building locations.

 

Australian institution "banking" on energy reduction technology to cut emissions and bolster bottom-line.

"The trials were carried out with extensive monitoring and verification processes in 12 branches and 1 commercial building," commented Chris Rogerson, CEO of Smartcool Systems Australia. "This process proved the ability of Smartcool's energy reduction technology to save energy and maintain internal temperatures. "

Smartcool's ESM™and ECO3™ products are proven technologies that act as secondary controllers for air conditioning and refrigeration systems. They provide extensive cost savings and environmental benefits by optimizing the efficiency of the compressors used in such systems. With a rapid return on investment, Smartcool has developed effective solutions that help companies increase their margins and re-invest their dollars in revenue generating activities.

"We are extremely excited about this news out of Australia as making inroads into a major banking institution is a significant achievement for our distributor," stated George Burnes, President and CEO of Smartcool Systems Inc. "We understand the hurdles within the sales process for our technology and to have received this order for multiple branch and commercial buidling installations will generate significant revenue to our company and provide further reference sites for our technology. This will greatly assist Smartcool in Australia with the many other projects they currently have in their pipeline."

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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