Sofame Reporting is Current, Selling Efforts are Bolstered by New Standards

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 trade order. 

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
Bill Mitoulas
(416) 867-2535
billm@stoneco.com
www.stoneco.com

Organization Profile

SOFAME TECHNOLOGIES INC.

More on this organization


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890