Vancouver, British Columbia--(Newsfile Corp. - June 3, 2019) - Smartcool Systems Inc. (TSXV: SSC) (OTC Pink: SSCFF) (FSE: R3W) ("Smartcool" or the "Company") is pleased to announce that its wholly owned UK subsidiary, has received its first purchase order for a UK based Health Club. The state of the art facility incorporates a gym, exercise studios, indoor and outdoor tennis courts, badminton and squash courts, indoor and outdoor pools and spa facilities.
The installation of an ESM System to manage a chiller and several ECO3 modules to optimize the Air Handling Units (AHU's) will be completed this week. The combined system is expected to generate about £14,000 of annual savings. Performance of the system will be monitored over the next few months with wireless real time power sensors. Should results be proven during this review period, the Company anticipates a roll out to other facilities owned and operated by this group. This first Health Club is part of a leading group of Health Clubs in the UK and Europe that currently exceed 80 facilities and growing.
Steven Martin, VP UK Operations stated "this is an exciting accomplishment for Smartcool as it opens the door to many other health and fitness organizations. The higher heat loads generated by those exercising in the facilities means higher cooling and ventilation costs. Smartcool equipment should provide a significant savings in costs while achieving Carbon Emissions improvements for the Health Club Group. Sustainability has become a much larger driving factor in deployment of Smartcool technology. We are receiving many new inquiries from organizations looking for ways to meet their Global Climate Change mandates."
About Smartcool
Smartcool Systems Inc. provides cutting edge energy efficient and energy cost reduction solutions for businesses around the world. The ECO3, ESM and ECOHome are Smartcool's unique retrofit technologies that reduce the energy consumption of compressors in air conditioning, refrigeration and heat pump systems by up to 40%.
Total Energy Concepts (TEC), a wholly owned subsidiary of Smartcool, is a national leader in Power Protection, Energy Management, Power Quality, Facility Grounding, and Lighting Solutions that help companies improve their bottom line by reducing expenses that drastically cut into company profits. TEC focuses on a holistic approach to energy efficiency with proprietary technologies for power factor correction and third party technologies including LED, voltage conditioning and intelligent motor controls.
For more information please www.smartcool.net and www.totalenergyconcepts.com
For further inquiries please contact
Mike Kordysz
Vice President, Investor Relations
TEL +1 604 904 8632 EMAIL mike.kordysz@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 UK and 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.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/45223
copyright (c) newsfile corp. 2019