VANCOUVER, Aug. 19, 2014 /CNW/ - Smartcool Systems Inc. (TSX-V: SSC) is pleased to announce it has signed a distribution
agreement with Smartcooling LLC (Smartcooling) and received an initial
order of ECO3 units.
Smartcooling is a new independent distributor, formed for the specific
purpose of broadening the base of users of Smartcool's technology.
Smartcool has traditionally delivered its proprietary compressor
optimization algorithm via its ESM and ECO3 hardware platforms to save
energy on refrigeration, air conditioning and heat pump systems for
larger commercial customers. Smartcooling will be focused on
deployment of the ECO3 product to residential users and select small
The key differentiator of Smartcooling's approach to the market is their
ability to provide residential customers with a low monthly financing
structure that yields immediate net savings. This removes the potential
purchase barrier of an upfront capital expenditure. Results to date
have shown this method is successful in winning new business and
delivering value to the end customer.
Andy Loza, CEO of Smartcooling LLC, commented, "The concept of providing
net savings to customers as soon as the ECO3 is installed is a prime
example of the opportunity that exists to broaden the base of users
saving money on their electrical bill. Florida's power costs have risen
significantly over the last several years with no relief in sight. We
intend to expand our efforts to the small commercial sector where they
too want to save costs wherever they can while continuing to provide an
excellent customer experience."
Smartcooling's initial regional focus has been in the west coast of
Florida, but their contact base is also extensive in the NYC region
where electricity costs are amongst the highest in the country. While
air conditioning in this area is limited to the hot summer months,
refrigeration requirements are year round and offer an excellent
opportunity to save energy with the ECO3. In addition to the US-based
initiatives, Smartcooling is also well connected in Western Europe and
sales initiatives there are expected to commence shortly to small
commercial customers like convenience stores and gas stations.
George Burnes, CEO of Smartcool adds, "We are very excited to add Andy
and the Smartcooling LLC team to our growing list of distributors.
Smartcooling LLC also has a network of sub-distributors to deliver our
product to the market. With their sales initiatives already underway,
this new agreement should add to the overall sales of our company."
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 as little as 12 months.
SOURCE: SmartCool Systems Inc.
For further information:
WEB www.smartcool.net and www.smartcooleco3.com EMAIL firstname.lastname@example.org
TEL +1 604 904 8632