11:53:08 EDT Mon 06 May 2024
Enter Symbol
or Name
USA
CA



Smartcool Systems Inc
Symbol SSC
Shares Issued 210,293,377
Close 2018-07-17 C$ 0.05
Market Cap C$ 10,514,669
Recent Sedar Documents

ORIGINAL: Smartcool completes installations in Jamaica

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

Received by email:

File: Jamaica Sales July 17, 2018 .docx


Smartcool Expands to the Caribbean 

Completes Installations on Refrigeration and Air Conditioning Units With Up To 34% Energy Savings 

Vancouver, B.C. July 17, 2018, Ted Konyi, CEO, Smartcool Systems Inc. (TSX: SSC.V OTC: SSCFF FSE: R3W) is pleased to a
--->nnounce that the company 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 A/C unit controlled by an 
--->Emerson E2 digital panel has yielded 34% savings amounting to 500 kWh per day reduction. The implementation of Smartco
--->ol's ESM, generated greater than average expected savings as a result of the digital capability of this system. The gr
--->ocery 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 anticipate
--->d savings," explained Smartcool CEO 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 Sm
--->artcool'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 savin
--->gs at these installations exceeded 20%. 10 ECO3 systems were installed at this facility. This manufacturer has three a
--->dditional 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 su
--->ch, the cost of power is very high and incorporates a surcharge tied to the price of oil. Current rates are about USD 
--->$.35/kWh. These high power rates combined with a year round need for air-conditioning provide Smartcool with many oppo
--->rtunities to assist clients with energy savings and reduced carbon footprint.

"We are currently operating 10 introductory projects in Jamaica," said Caribbean EVP Sales Frank Lawrence "These inclu
--->de fast food restaurants, food processors, grocery stores and resorts. Many of these are multi location companies that
---> should yield significant sales growth for the company and savings for the clients. We are also now starting to introd
--->uce the Smartcool products into other Caribbean islands where power costs are very high as well."                     


About Smartcool
Smartcool Systems Inc. (TSX-V: SSC OTC: SSCFF FSE: R3W) provides cutting edge energy efficient and energy cost reducti
--->on 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 4
--->0%.

For further information 
WEB www.smartcool.net and www.smartcooleco3.com  EMAIL info@smartcool.net 

Investor inquiries
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 perf
--->ormance or future events.  Forward-looking statements can be identified by the use of words such as "expect", "anticip
--->ate", "intend", "plan", "believe", "estimate" and words of similar meaning.  Forward-looking statements are based on m
--->anagement'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. 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 a
--->s anticipated include the availability of working capital, risks inherent in product development, as well as market fa
--->ctors 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 accur
--->acy of this release.





© 2024 Canjex Publishing Ltd. All rights reserved.