VANCOUVER, June 26 /CNW/ - Smartcool Systems Inc. (TSXV: SSC), is pleased
to announce that Smartcool Systems Ltd., Smartcool's distributor based in the
United Kingdom, has signed an agreement with Farnek Avireal AG, with respect
to sales, marketing and distribution of Smartcool's Energy Saving Module
(ESM(TM)) technology in the United Arab Emirates.
Farnek Avireal is a joint venture between Zurich-based real estate and
facilities management company Avireal AG, along with its local business
partner Khalifa Juma Al Nabooda Group, and Farnek LLC, a leading local
facilities management services provider.
Farnek Avireal has already completed nearly a dozen installations of the
Smartcool ESM(TM) in a wide variety of markets including International Hotel
chains, large residential apartment towers, commercial and retail buildings.
As increased construction of air conditioned buildings in Dubai puts a strain
on infrastructure, there is growing demand for technological solutions to
provide energy savings.
"With this new venture, we have formed one of the most comprehensive
facilities management companies in the Middle East with over 1,000 employees",
commented Khalifa Juma Al Nabooda, chairman of the Al Nabooda Group. The
formation of Farnek Avireal will allow the group to penetrate complex sectors
such as the new Dubai World Central airport and the 280 million square metre
Dubailand entertainment complex.
"This is a major advancement for Smartcool in this region", states
Smartcool's President, George Burnes. "The Farnek Avireal joint venture is the
ideal group to market our ESM(TM) technology. In Farnek we have a partner that
is recognized as a leader in facilities management with an extensive client
base in place that will have access to the ESM(TM). Avireal provides not only
experience in facility management but also a highly qualified technical team
that will support the ESM(TM) technology allowing Smartcool to participate in
some of the regions most significant development projects."
Smartcool, through its wholly owned subsidiary Smartcool International
Inc., currently has distribution agreements established globally spanning the
United States and Canada, the United Kingdom and Ireland, Spain, Portugal,
Czech Republic, Poland, Slovakia, Hungary, Italy, Australia, Thailand,
Philippines, Vietnam, Guam, Mexico, Saudi Arabia, Kuwait, Qatar, Bahrain,
Oman, the U.A.E. and Israel. Smartcool is working to enhance its global reach
and continues to research and negotiate with companies that have a commitment
to marketing energy reduction technologies.
About Avireal AG:
In existence for over thirty years, the former Swissair's facility
management division became independent in 1997 as Avireal AG. Presently,
Avireal is recognized as one of the market leaders in integrated facility
management in Switzerland, specializing in technically complex buildings and
Avireal has a total workforce of 300 at its Zurich and Geneva offices and
is working in accordance with the ISO 9001 (quality management) and ISO 14001
(environmental management) guidelines. Avireal supervises more than 200
properties comprising a total floor space in excess of 600,000 m2. With
state-of-the-art equipment and building technology, each year Avireal
distributes more than 70,000 MWh of electrical power and supply 480 million
litres of water, handle the disposal of over 10,000 kg of waste each day, and
are responsible for the regular cleaning of more than 450,000 m2 of office
About Farnek Services LLC:
Established in 1980, Farnek Services has grown into one of the United
Arab Emirates foremost property and facility maintenance out-source
organizations providing and delivering exceptional levels of service. Farnek
has four divisions ranging from On-site Cleaning and Facility Security to
Small Works and Building Facility Maintenance. The maintenance division is
responsible for electrical and HVAC systems including management of facility
air conditioning requirements from small window mounted units to roof-mounted
air-cooled units and centrifugal chillers.
About Smartcool Systems Inc.:
Smartcool Systems Inc. is an advanced energy savings solutions company
specializing in energy and cost reduction technologies for commercial and
retail businesses. The company's wholly owned subsidiary, SmartCool
International Inc., is the owner, developer, manufacturer and worldwide
distributor of the Energy Saving Module (ESM(TM)). This green technology
reduces the electricity consumption (kWh) and maximum demand (kW) of air
conditioning and refrigeration compressors. Rather than replacing existing
equipment, the ESM(TM) works in conjunction with existing controls in order to
ensure that compressors work at maximum efficiency, while maintaining preset
temperature levels and without causing over-cycling.
Rising global energy demand is resulting in significant increases in
energy prices. Environmental concerns are causing both government and industry
to re-examine the way they do business. SmartCool provides companies with
solutions to address the growing pressure to reduce energy costs, increase
profits and reduce green house gas emissions. For more information, please
The TSX Venture Exchange has neither approved nor disapproved the
contents of this press release.
For further information:
For further information: Allan Thompson, (604) 669-1388 or
1-888-669-1388, or email@example.com