Smartcool Announces Multi-Location Rollout
8:46 AM ET 11/20/18 | Dow Jones
Vancouver, British Columbia--(Newsfile Corp. - November 20, 2018) - Smartcool Systems Inc. (TSXV: SSC) (OTC Pink: SSCFF) (FSE: R3W) (the Company) is pleased to announce that its UK subsidiary has received a purchase order for installation of its proprietary optimization technology at 16 casual dining restaurants.
After an initial installation of Smartcool technology on 3 restaurant locations for a National restaurant group, the company has received a purchase order for 16 additional locations. The initial installation encompassed application of the Smartcool technology on both heat pumps (which provide heating and air conditioning) and refrigeration for the restaurants. Results of the initial installations exceeded the customers criteria yielding over 20% savings on the energy consumed by the equipment it was controlling.
Ted Konyi, CEO, commented "this follow on Purchase Order represents significant additional revenue for the UK subsidiary of the Company. We have worked diligently to bring this business forward and expect that this order should be followed by many more with this customer. The successful installation has already generated interest from others in this market vertical of restaurants and other prepared food establishments."
This National Restaurant Chain operates over 500 locations in the UK, represented by 8 different brands, primarily in the casual dining space. The Chain continues to grow organically through additional locations and by way of acquisition. The installation of Smartcool's technology is assisting this company and many others in achieving their goals of corporate social responsibility. In addition to the economic benefit, more of the Company's customers are looking to achieve green targets.
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) 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 visit www: smartcool.net and www: totalenergyconcepts.com
