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

SmartCool Systems Inc

Exchange: TSXV Exchange | Nov 18, 2017, 11:45 PM EST

SSC
$ 0.055 real time data No Change
Change:
0.00 (0.00%)
Volume:
108,900
Real-time price
Day Low 0.055
Day High 0.06


 Back
,
Smartcool Saves 30% Power Consumption At A Quick Serve Restaurant in Jamaica

Customer Operates 60 Locations

Vancouver, British Columbia--(Newsfile Corp. - October 17, 2017) - Smartcool Systems Inc. (TSXV: SSC) (OTC Pink: SSCFF) is pleased to announce the results from an initial installation at a Quick Serve Restaurant (QSR) in Kingston, Jamaica. The installation was completed on August 10, 2017 and electrical power consumption was then measured at the two (2) Mitsubishi FDC680 KXE6 Heat Pumps cycling through 2 weeks in bypass and 4 weeks with Smartcool active.

Panoramic Power sensors were used and yielded a straight active/bypass comparison showing an average daily reduction of 126kWh over the period. At the effective current utility rates in Jamaica, the annual financial savings is anticipated to be approximately $10,500 USD. Based on the customer capital cost, it is anticipated that payback will occur in less than 18 months.

Ted Konyi, CEO, commented "This is another great result for Smartcool and our customer. This particular installation was completed for a franchisee of one of the top 5 Fast Food Chains in the world and our customer operates 60 fast food (QSR) locations in Jamaica. With the high cost of electricity in Jamaica and most island nations, this installation represents a win-win-win for the customer, the environment and Smartcool. QSR's represent over 30% of all restaurant operations with over 500,000 locations worldwide. Although economic results will vary based on ambient temperatures and utility rates, this segment represents a very large opportunity for Smartcool."

About Smartcool

Smartcool Systems Inc. (TSXV: SSC) 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

Forward-looking statements: Certain statements in this release are forward-looking statements. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will obtain from them. Forward looking statements in this release include those concerning the size and timing of the Offering and the proposed use of proceeds. These forward-looking statements reflect management's current views and are based on certain expectations, estimates and assumptions which may prove to be incorrect. A number of risks and uncertainties could cause our actual results to differ materially from those expressed or implied by the forward-looking statements, as well as other factors beyond the Company's control. These forward-looking statements are made as of the date of this news release.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) 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.