VANCOUVER, Dec. 4, 2013 /CNW/ - Continuing on recent trends, Smartcool Systems Inc. (TSX-V: SSC) is expanding its ECO3 energy efficiency product
distribution network across the Caribbean. Building outwards from its
sales and technical hub in South Florida, Smartcool has signed new
distribution agreements with local partners in the Bahamas, Jamaica,
the Dominican Republic and Puerto Rico. This is in addition to ongoing
activity elsewhere in the Caribbean basin including Guyana, Barbados,
Mexico and Central America.
The Caribbean islands where Smartcool is now active are dependent on
power generated from imported fuel, giving them some of the highest
electrical rates in the world. Residential and commercial users are
paying rates in excess of $0.30/kWh, and are supremely motivated to be
as energy efficient as possible in order to minimize these costs.
Combined with the high demand for climate control, the Caribbean has
all the makings of an ideal market for Smartcool's ECO3 product.
"Smartcool has responded to radically increasing demand from tropical
regions like the Caribbean by bringing on local partners in focused
industry and geographic markets," explains Chris Lefaivre, Smartcool's
VP of Operations. "This is the most efficient use of our technical
resources in training and supporting new partners, allowing us to
expand our potential revenue sources. It also offers new distributors
the greatest chance of success as they dive into market verticals where
we have a long history of great results and a depth of experience on
which they can draw."
Smartcool's new Caribbean distribution partners include:
Smartcool's partners have launched a number of new projects in recent
months, delivering energy savings to new customers in their own
markets. An example of typical results comes from a Utility Saving
Solutions (USS) project in the Bahamas. At the Green Turtle Club
Resort & Marina, the ECO3 was installed on the air conditioning systems
in a number of buildings.
"The rising cost of energy is our number one operating expense in the
Caribbean," says Adam Showell, the owner of Green Turtle Club Resort.
"Reducing these costs is a key strategy to our long term success;
energy efficiency has become our primary tactic and the ECO3 is the
cornerstone of our plans. Utility Savings Solutions reduced our
monthly electric bills by up to $5,450, which is a 25% - 30% reduction
in our electricity costs. This makes the ECO3 project our most
successful cost saving endeavor to date."
Neither the TSX Venture Exchange nor its Regulation Services Provider
accepts responsibility for the adequacy or accuracy of this release.
Smartcool Systems Inc. (TSX-V: 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 15% to 20%, giving customers a
return on investment in 12 to 36 months.
SOURCE: SmartCool Systems Inc.
For further information:
WEB www.smartcool.net and www.smartcooleco3.com
Mike Kordyz, Smartcool Investor Relations
TEL +1 604 904 8632