VANCOUVER, BC–(Marketwired – June 07, 2016) – Smartcool Systems Inc. (TSX VENTURE: SSC) (OTCQB: SSCFF) is pleased to announce that it has signed an agreement with a new Distribution Partner in the strategically significant Vancouver, BC, market. Time 4 Eco Energy Concepts (Eco Energy Concepts) is an energy efficiency consultancy with a specific focus on cooling efficiency, LED lighting conversions, and building management systems (BMS). Eco Energy Concepts has begun selling Smartcool’s ECO3 product in order to optimize the performance of the air conditioning, refrigeration and heat pump systems of their commercial customers.
The Vancouver region is known as a very green market, which can be seen in both the private and public sectors. Businesses are highly motivated to become more energy efficient in order to minimize costs and greenhouse gas emissions. In the public sector, the City of Vancouver has undertaken numerous green projects as part of its Greenest City 2020 Action Plan and the province of British Columbia has directed considerable efforts to being carbon neutral.
Eco Energy Concepts is using Smartcool’s technology as part of their comprehensive energy efficiency solutions. The company has installed the ECO3 product at a craft brewery, multiple auto dealers, along with numerous ongoing Smartcool tests including applications for restaurant refrigeration and craft brewery cooling. When combined with energy efficient light upgrades, building management systems and other energy concepts, the operating expenses and carbon footprint of most businesses can be significantly reduced.
“Eco Energy Concepts is very pleased by the 27% savings achieved for the refrigeration systems of Postmark Brewing and The Settlement Building. The savings percentage exceeded expectations and resulted in a less than three-year payback period for the craft brewery. Postmark will save over 25,000kWh per year, making a significant reduction in their carbon footprint! It’s great that corporate green initiatives can reduce environmental impact AND improve the bottom line!” stated Nathan Friesen, Manager, Operations, Eco Energy Concepts.
“As owners of Postmark, it’s more than making great session craft beer, it’s about our impact on the environment that we love. Investing in Smartcool’s ECO3 is the equivalent of planting nearly 500 trees annually, which is a massive positive for our organization” Steve Thorp, Co-Founder
In addition to reducing the carbon footprint of Postmark Brewing, the Smartcool technology will increase the energy efficiency of Vancouver Urban Winery and Belgard Kitchen, two other respected Vancouver brands that operate in The Settlement Building.
“The payback period in a low cost power environment, like Vancouver, is impressive” said Mr. George Burnes, President of Smartcool. “This project shows the broad application of our product around the world in both low and high electricity price environments. In addition to the 55% ROI from the savings, the reduction of overall compressor run times should result in longer life expectancy of the units while maintaining the same interior & required brewing temperatures. It’s a win win for everyone.”
Postmark Brewing represents the initial entry for Smartcool and Eco Energy Concepts in this vertical. With more than 75 craft breweries in British Columbia, over 500 licensed breweries across Canada and over 4,750 in North America the cooling needs are enormous. Breweries represent a significant opportunity for Smartcool and Eco Energy Concepts.
About Eco Energy Concepts
Time 4 Eco Energy Concepts is an energy efficiency consultancy focused on cooling efficiency, LED lighting conversions, and building management systems (BMS) that offer customers real energy savings. Eco Energy Concepts works directly with customers throughout Canada, the US, and Mexico to help them achieve cost savings while reducing their carbon footprints.
For energy efficiency inquiries
Nathan Friesen
Manager, Operations
TEL 604 644 4482 EMAIL [email protected] WEB www.ecoenergyconcepts.com
About Postmark Brewing
Postmark Brewing is a Vancouver, BC born and built craft brewery. Our West Coast lifestyle and love for great quality beers for every occasion led us to the design, development and brew of our favorite pints. Cheers!
For Postmark inquiries
Steve Thorp
Co-Founder
TEL 604 669 1988 EMAIL [email protected] WEB www.postmarkbrewing.com
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 up to 30% giving customers a return on investment in as little as 12 months.
For further information
WEB www.smartcool.net and www.smartcooleco3.com EMAIL [email protected]
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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 United States. 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 www.sedar.com or at the Company’s website, www.smartcool.net.
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Investor inquiries
Mike Kordysz
Vice President, Investor Relations
TEL +1 604 904 8632
EMAIL[email protected]
