VANCOUVER, BC–(Marketwired – May 04, 2016) – Smartcool Systems Inc.(TSX VENTURE: SSC) (OTCQB: SSCFF) is pleased to announce the addition of a new distributor operating primarily in Ireland (Northern Ireland and Republic of Ireland) and branded as “Smartcool Ireland.” While the agreement was signed in the fourth quarter of 2015, there has been considerable activity in the early part of this year. Several pilot installations of Smartcool’s energy efficiency technology have been completed across various market sectors.
Most recently, Smartcool Ireland was invited to exhibit at “The Energy Event 16” in Dublin in the Energia Group booth, showcasing Smartcool’s HVAC efficiency technology. Energia Group is part of the Viridian Group, providing electrical energy to customers in Ireland. There was significant interest in Smartcool products at the show from companies in the Health, Technology, Manufacturing and Telecom sectors. This has lead to requests for quotations with numerous public and private sector enterprises.
Smartcool Ireland has applied for Energy Efficiency Grants both in Northern Ireland and the Republic of Ireland. Business Director of Smartcool Ireland Cormac Mac Artain commented, “We are very confident that pending preliminary monitoring and verification of the product’s saving performance, that our application will be successful and we are very excited to initiate the roll out of the Smartcool product range to the Commercial/Industrial sector on the Island of Ireland over the remainder of 2016 and beyond.”
Steven Martin, EVP UK and EMEA, stated, “We are very pleased to be working with Cormac and his team in Ireland. The high level of interest demonstrated at the recent Energy show, suggests that many new sales may be forthcoming. Ireland has one of the highest electricity kWh costs in Europe. Should Smartcool Ireland be awarded efficiency grants, this would create significant additional incentive to deploy Smartcool’s energy efficiency technologies in Ireland.”
About Smartcool
Smartcool Systems Inc. (TSX VENTURE: 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 15% to 20%, giving customers a return on investment in as little as 12 months.
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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. Forward-looking statements in this news release include those concerning the company’s belief in the growth opportunities in the UK. 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
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For further information
WEB
www.smartcool.net and www.smartcooleco3.com EMAIL [email protected]
Investor inquiries:
Mike Kordysz
Vice President, Investor Relations
TEL +1 604 904 8632
EMAIL [email protected]
