VANCOUVER, BC–(Marketwired – May 24, 2016) – Smartcool Systems Inc. (TSX VENTURE: SSC) (OTCQB: SSCFF) is pleased to announce the addition of a new distributor; EESI Global of Lexington, KY (http://eesiglobal.com) a division of IKIO (http://ikioledlighting.com/), to its growing U.S. Distribution network. EESI Global is an industry leading energy consultant and service company providing electrical energy conservation technologies to businesses of all types and sizes. IKIO is a global provider of LED lighting products with offices in the USA, India, China and the United Kingdom.
EESI Global has begun to sell Smartcool’s ECO3 product in order to optimize the performance of the air conditioning, refrigeration and heat pumps systems of their commercial and industrial customers. The first projects were at two facilities owned by a large forestry company in the Appalachian region. Smartcool provided training and assistance in the installation of the ECO3 on the HVAC systems at these locations. EESI Global is expected to leverage the success of this initial project to other facilities owned by the customer in the western U.S. later in 2016.
Greg Carr; Director – Solution Development at EESI Global, states, “The Smartcool ECO3 is an excellent product that augments the value proposition being delivered by our suite of energy conservation technologies. We were impressed with the return on investment that we were able to offer to our initial customer even though they were paying a low industrial rate for their electricity.”
Chris Lefaivre; Smartcool’s EVP for North America, states, “We are thrilled to be working with a best of class partner like EESI Global and we are looking forward to continuing to collaborate to deliver benefits or our technology to their end use customers across the United States.”
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.
For further information
WEB
www.smartcool.net
and www.smartcooleco3.com EMAIL info@smartcool.net
Legal Notice Regarding Forward Looking Statements
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 USA. 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.
Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.
Investor inquiries:
Mike Kordysz
Vice President, Investor Relations
TEL +1 604 904 8632
EMAIL mike.kordysz@smartcool.net