MONTREAL, May 24, 2011 /CNW Telbec/ - Sofame Technologies Inc. (TSXV:
SDW), a leading manufacturer of environmentally efficient industrial
hot water systems and cost effective heat recovery equipment, has met
its continuous disclosure requirements. Management is pursuing new
strategic relationships to close new orders and improve the company's
position in the expanding market for industrial energy efficiency.
Multiple industry initiatives targeting real world boiler efficiency
standards are setting a higher priority for industrial energy
efficiency in the United States.
ASHRAE Committee (SPC-155) is developing a method of testing to rate
commercial space heating boiler systems. With its Standard 155P, Method
of Test for Rating Commercial Space Heating Boiler Systems, ASHRAE is
closing the gap between current standards and methods used for
establishing boiler efficiencies, and the real world circumstances
which make current standards inadequate for measuring overall heating
system thermal performance.
ISO 50001 for energy management was approved as a Draft International
Standard (DIS), and will be adopted as early as 2011 to establish a
framework for industrial plants, commercial facilities and entire
organizations to manage energy. Targeting broad applicability across
national economic sectors, it is estimated that the ISO 50001 standard
could influence up to 60% of the world's energy use.
ASHRAE Standard 90.1-2010 - Energy Standard for Buildings Except
Low-Rise Residential Buildings - expands on the 35 year old benchmark
for commercial building energy codes in the United States and around
the world. The landmark 2010 revision includes new features, an
expanded scope, and more detailed requirements particularly relating to
energy efficiency including waste heat recovery and re-use.
Sofame is reporting on progress in accordance with Policy 12-203
covering continuous disclosure obligations. Certain directors, officers
and insiders of SOFAME are prohibited from trading in securities of
SOFAME until the Autorité des marchés financiers approves an
application to be submitted by Sofame to remove the management cease
All other persons, other than directors, officers or insiders, may trade
freely in the Corporation's securities.
Neither TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release.
SOURCE SOFAME TECHNOLOGIES INC.
For further information:
Stone Communication Services