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Smartcool Systems Inc
Symbol SSC
Shares Issued 210,293,377
Close 2018-07-17 C$ 0.05
Market Cap C$ 10,514,669
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Smartcool completes installations in Jamaica

2018-07-17 09:43 ET - News Release

Mr. Ted Konyi reports

SMARTCOOL EXPANDS TO THE CARIBBEAN

Smartcool Systems Inc. has completed installations at a grocery store and at a large fruit beverage manufacturer in Jamaica.

An installation of Smartcool's proprietary ESM technology on a 50-ton AAON rooftop-packaged air conditioning unit controlled by an Emerson E2 digital panel has yielded 34-per-cent savings amounting to a reduction of 500 kilowatt-hours per day. The implementation of Smartcool's ESM generated greater-than-average expected savings as a result of the digital capability of this system. The grocery store opened about 18 months ago with some of the most advanced operating systems.

"We are very excited about these results, and the client is extremely satisfied having generated better-than-anticipated savings," explained Smartcool chief executive officer Ted Konyi. "Our proprietary technology is showing itself to be extremely effective on these newer systems with digital scroll compressors. The ability to infinitely vary the compressor speeds allows Smartcool's technology to generate even better optimization than on traditional analogue systems."

The second installation was at a fruit beverage manufacturer with six cold rooms and two freezer rooms. Measured savings at these installations exceeded 20 per cent. Ten ECO3 systems were installed at this facility. This manufacturer has three additional locations that are currently being surveyed for the application of Smartcool's technology.

Like most of the Caribbean Islands, Jamaica relies primarily on diesel-generated power for its electrical needs. As such, the cost of power is very high and incorporates a surcharge tied to the price of oil. Current rates are about 35 U.S. cents per kilowatt-hour. These high power rates, combined with a year-round need for air conditioning provide Smartcool with many opportunities to assist clients with energy savings and reduced carbon footprint.

"We are currently operating 10 introductory projects in Jamaica," said Frank Lawrence, Caribbean executive vice-president, sales. "These include fast-food restaurants, food processors, grocery stores and resorts. Many of these are multilocation companies that should yield significant sales growth for the company and savings for the clients. We are also now starting to introduce the Smartcool products into other Caribbean islands where power costs are very high as well."

About Smartcool Systems Inc.

Smartcool Systems 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 per cent.

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