Smartcool Generates Efficiency Gains For University Group
Helps Meet its Goals of Reducing its Carbon Footprint
Vancouver, BC, November 19, 2019 | Smartcool Systems Inc. (TSX: SSC.V OTC: SSCFF FSE: R3W) (“Smartcool” or the “Company”) ”) is pleased to announce that it has received a first Purchase Order and completed the installation for 3 ESM (Energy Savings Module) systems at a London, England based University. The ESMs were installed on three large chiller sets.
Savings are estimated to be in the range of £40,000 ($60,000 CAD) annually.
The facilities are part of 49 colleges and universities that are jointly managed. Successfully measured energy savings at this site should generate further installations within the managed group of educational facilities. While the financial metrics of the installation should be an acceptable 3 year ROI, the project will also help the facility meet its goals of reducing its carbon footprint.
Steven Martin, Executive Vice President & CTO, stated “these successful installations encompasses an initial 3 buildings for this particular university. This is the second university installation completed this year and based on results, should yield additional installations, at the same facility and others that are managed by the same group. The savings generated are impactful financially and in terms of meeting carbon reductions. We look forward to assisting this group with further savings.”
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%.
Total Energy Concepts (TEC), a wholly owned subsidiary of Smartcool, is a national leader in Power Protection, Energy Management, Power Quality, Facility Grounding, and Lighting Solutions that help companies improve their bottom line by reducing expenses that drastically cut into company profits. TEC focuses on a holistic approach to energy efficiency with proprietary technologies for power factor correction and third party technologies including LED, voltage conditioning and intelligent motor controls.
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.
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