Home > Market Activity > Get Quotes > News > News Article

SmartCool Systems Inc

Exchange: TSXV Exchange | Dec 16, 2018, 6:03 PM EST

$ 0.045 real time data Change Down
-0.005 (-10.00%)
Real-time price
Day Low 0.045
Day High 0.045

Smartcool Establishes North American Installation Network

Vancouver, British Columbia--(Newsfile Corp. - September 26, 2017) - Ted Konyi, CEO, SmartCool Systems Inc. (TSX: SSC) (OTC Pink: SSCFF), is pleased to announce that the company is establishing an installation and servicing network for its operations in North America. Having added 6 sales representatives in North America since the beginning of 2017, installation of Smartcool technology was the next phase in establishing continued revenue growth for the company. Agreements have been entered into with Sandcastle Energy Systems Alliance and CCS Climate Control Systems Inc. in Canada. In the US, an agreement is in place with Evolution Mechanical. The company is also in negotiations with 3 other groups covering most of the southern US markets.

Ted Konyi commented, "Numerous initial installations have been completed with the possibility that several large scale rollouts are anticipated. In order to accommodate this potential growth, it was clear that additional technical personnel were required. By adding these independent groups, Smartcool will be able to grow rapidly without the usual commitment of employee installers. Three of the groups were in attendance at a training session held in the U.K. last week."

Steven Martin, head of U.K. operations for the company led the training and anticipates that these groups are now prepared to complete installations in North America with support from the U.K. team. The secondary benefit of this approach is the prospect of additional sales to existing clients of these established installation groups.

About Sandcastle Energy Systems Alliance

SANDCASTLE Energy Systems Alliance manages an alliance of mechanical HVAC/R contractors providing service and support to clients across Canada. We support facility management by optimizing building performance and helping to minimize costs. Through designed energy conversation projects we are able to capture potential incentives.

About CCS Climate Control Systems Inc.

CCS is a full service HVAC and Refrigeration company providing services throughout the Vancouver, Canada region.

About Evolution Mechanical

Evolution Mechanical provide full service on HVAC and Refrigeration in Los Angeles, California and surrounding areas with 40+ qualified service technicians.

About Smartcool

Smartcool Systems Inc. (TSXV: SSC) (OTC Pink: SSCFF) provides cutting edge energy efficient and energy cost reduction solutions for businesses around the world.  The ECO3 and ESM 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%, giving customers a return on investment in as little as 12 months.

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 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 Israel. 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.

Copyright © QuoteMedia. Data delayed 15 minutes unless otherwise indicated. View delay times for all exchanges. Market Data powered by QuoteMedia. See the QuoteMedia Terms of Use.