VANCOUVER, Aug. 18 /CNW/ - Smartcool
Systems Inc. (TSX-V: SSC) is pleased to announce the superb results
of a pilot installation for Nedbank, South Africa's first carbon neutral
bank. The excellent energy savings results from the Energy Saving
Module (ESM)™ have led Nedbank to request that a further 10 sites be
surveyed for installations of Smartcool equipment.
Mr. Chris Grainger, convener of the Nedbank Technology Forum for
Building Energy Efficiency states, "We are pleased with the results of
the ESM™ installation
at our Corporate Head Office. The energy savings assessment indicates
an overall reduction of HVAC energy consumption by approximately 350,000
kWh per year. The resulting payback period of less than 24 months,
coupled with a reduction in carbon emissions of 387,000 kg, contributes
significantly to the energy, cost and carbon emission reduction goals of
The pilot project saw Smartcool's South African based distributor, Aruba
Cooling, installing the ESM™ on five chillers at Nedbank's central
office headquarters located in Sandton, Johannesburg. After an in-depth
monitoring and verification process, data indicated energy savings
results above and beyond original estimates.
South Africa is faced with rapidly increasing energy costs alongside
increasing demand, putting an enormous strain on the state-owned energy
provider. Mr. Heini Nel, Managing Director of Aruba Cooling, observed
that, "Energy saving solutions such as that provided by Smartcool, are
going to become part and parcel within the South African commercial
sector moving forward, as the local market adapts to spiraling energy
tariffs that will double in the coming 24 months".
George Burnes, President and CEO of Smartcool, states, "We at Smartcool
are excited about the progress being made in South Africa- a market we
feel holds tremendous growth potential". Mr. Nel added that this
successful pilot project with a recognized corporate giant like Nedbank
will be influential in lifting the profile of Smartcool's energy
efficiency products within the region.
About Aruba Cooling
Aruba Cooling (Pty) Ltd is a licensed
distributor, for the South African region, of Smartcool technology to
reduce energy, cost and carbon emissions. Aruba provides energy
solutions to industrial, commercial, mining and retail businesses.
Nedbank Group is South Africa's fourth largest
banking group measured by assets, with a strong deposit franchise, the
second largest retail deposit base, a client-centric wholesale and
retail franchise and a substantial and growing bancassurance and wealth
management offering. Nedbank Group's headquarters is based in Sandton,
Johannesburg, with large operational centres in Durban and Cape Town -
which are complemented by a regional branch network throughout South
Africa and facilities in other southern African countries. Nedbank has
set rigorous energy saving targets, including a 12% reduction of both
energy use and carbon emissions by 2015.
Smartcool Systems Inc. (TSX-V: SSC) manufactures
and distributes the Energy Saving Module (ESM)™ and the ECO3™,
which make refrigeration and air conditioning systems more efficient,
resulting in proven cost savings, reduced energy consumption, and a
smaller carbon footprint. More than 26,000 units have been installed
worldwide for customers such as supermarkets, food distributors,
telecommunications companies, hospitals, and hotels.
SOURCE Smartcool Systems Inc.
For further information: For further information:
George Burnes, (604) 669-1388 ext. 102 or firstname.lastname@example.org
Jeff Walker, Howard Group, (403) 221-0915 ext. 222