TORONTO, ONTARIO--(Marketwired - June 10, 2014) - SustainCo Inc. (the "Company" or "SustainCo") (TSX VENTURE:SMS) is pleased to announce that Clean Energy Developments Corp. ("CleanEnergy") has been awarded a contract from School District 23 (Central Okanagan), British Columbia, to provide full installation of a turn-key innovative geoexchange system for roughly $175,000.
The work has commenced and is expected to be completed in mid-July.
Including this project, CleanEnergy has executed seven geoexchange projects in schools in British Columbia over the past 18 months.
"Our geoexchange team continues to grow its mandates and expertise in delivering thermal energy systems to the education sector in Western Canada," stated Emlyn David, President, CEO and Chairman of SustainCo. "There are hundreds of additional opportunities in the coming years in British Columbia, alone, as they push to reduce their carbon footprint."
About SustainCo Inc.
SustainCo is a leading provider of sustainable infrastructure solutions and services. SustainCo operates through its two groups, CleanEnergy Developments and SustainCo Solutions & Services.
CleanEnergy Developments is an early stage developer and investor in clean and renewable energy projects with experience in wind, solar, biomass, and thermal energy projects. CleanEnergy Developments provides strategic capital, funding management, and execution expertise.
SustainCo Solutions & Services provides comprehensive building performance services, incorporating full life cycle asset optimization, finance, design, build, operations and maintenance services for new build and retrofit facilities. Specifically, it provides: engineering services, building automation controls, performance monitoring, energy and lighting retrofits, mechanical and electrical installation and services, thermal energy systems, and operations and maintenance services for multi-residential and ICI facilities.
With headquarters in Toronto, SustainCo has offices across Canada including, Halifax, Montreal, Pembroke, Ottawa, Vaughan, Toronto, and Calgary. For more information, visit www.sustainco.ca.
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