Vancouver, British Columbia--(Newsfile Corp. - August 14, 2014) - Smartcool Systems (TSXV: SSC)
has provided an update on their beta testing initiative currently being
conducted with a Florida-based food distribution company. Smartcool’s unique
retrofit technologies 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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To determine the impact of the
company’s technology on compressor optimization, the technology was installed on
a refrigerated trailer, with the company collecting data to determine the amount
of savings in the run time of the compressor, while it was controlled by the
Smartcool system. During the period tested, the equipment achieved consistent
savings of approximately 20%.
As the compressor within a refrigerated trailer is driven by an
independent diesel engine with its own supply source, the next phase of testing
is to install a calibration flow meter to measure the supply and return flow
rates of the diesel throughout the system. This measurement will determine fuel
consumption with and without the Smartcool technology. As data is collected, the
gallon per hour savings will determine the economic metrics for this new energy
saving initiative and the potential savings available to the transport industry.
Fuel is one of the largest expenses for the industry, with
statistics from the American Trucking Association indicating the industry as a
whole consumes 52.3 billion gallons of fuel annually, with 70% of that being
diesel, with an approximate cost of $142.7 billion to operators. Using
refrigerated transport as a subset, representing 20% of the industry, the
potential savings generated by Smartcool technology is substantial.
The goal of this phase of testing is to complete a report
verifying the impact of the Smartcool technology on diesel consumption within
the refrigerated food trailer segment. The report, showing the savings in
gallons per hour, will be available for review by mid-September, and will then
form the basis for the rollout with the Florida-based food distribution firm.
Smartcool also plans to introduce this opportunity to its
existing worldwide distribution network, as the refrigerated market is
significant around the world.
The shares are trading at $0.05 and with 89 million shares
currently outstanding, the company is capitalized at $4.5 million. For more
information, please visit the company’s website www.smartcool.net, phone
604-669-1388 or email info@smartcool.net.
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