Vancouver, B.C. -- Smartcool Systems Inc. (TSXV: SSC) is pleased to report the company has signed a distribution agreement with Gestión en Energía S.A. (GEESA), a Santiago-based company. GEESA is now the exclusive distributor for Smartcool's Energy Savings Module(tm) (ESM™) in Chile.

 

With electricity rates averaging $0.12 (USD), and four times the number of cooling degree days (CDD) than are experienced in Vancouver, Chile and in particular its capital Santiago is an ideal market for Smartcool's technology. Chile is presently ranked second in South America for per capita carbon dioxide emissions (almost 80% of the country's electricity is supplied by carbon based fuels), making energy efficiency and the related reduction in greenhouse gas emissions a key concern for the country.

"The initial response to our test marketing was extremely well received," stated Pedro de Solminihac, General Manager of Gestión en Energía S.A. "Energy efficiency technologies are being looked upon very favorably in this market, but it is the return on investment the ESM™ provides that makes it stand out from the crowd. Becoming the exclusive distributor of the ESM™ became a priority for us and we are extremely pleased to now be working with the Smartcool team. "

Smartcool's energy efficiency technology has undergone rigorous testing with third party engineers, utilities and universities as well as on-site customer testing. There is now a catalogue of evidence that Smartcool's ESM™ and ECO3™ technologies provide significant reduction in electricity usage in air conditioning and refrigeration systems. This translates into considerable cost savings and reductions in greenhouse gas emissions.

"We have already completed the test phase of the ESM™ at two locations in Santiago for a major grocery chain, with very favorable results" added Norman Ramsey, Director of Sales at GEESA. "We are now entering into discussions with respect to a more comprehensive roll-out for this customer. This is a major step for us and will be an excellent reference point for the ESM™ in this region."

"Working with the GEESA Group has been a pleasure," commented Chris Lefaivre, V.P. Sales for Smartcool Systems Inc. "The South American region has been of interest to us for some time as the warmer temperatures and higher electricity rates create a great environment for our energy efficiency technologies. This region has significant carbon emission issues and being part of the solution to this problem is extremely exciting for us. We are convinced that the GEESA team has a very large opportunity in front of them and that they are perfectly equipped to take advantage of it."

About Gestión en Energía S.A.

Gestión en Energía S.A. (GEESA) was founded in 2008 with a focus on energy and cost reduction technologies for air conditioning and refrigeration systems. Together, GEESA's founding partners bring diverse experience in engineering, sales & marketing, and business to their newest venture. In becoming an exclusive distributor in Chile for Smartcool's technology, GEESA has secured its initial product offerings to the market. With two significant installation completed, GEESA is ready to become an effective, successful distributor in Chile.

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
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