Philippine Property Manager Assists Clients with Energy Savings
VANCOUVER, June 30 /CNW/ - Smartcool Systems Inc. (TSXV: SSC) is pleased
to announce that its distributor, Smartcool SEA Pte. Ltd., based in Makati
City, has signed a marketing agreement with CB Richard Ellis Philippines, Inc.
("CBRE"). As part of the agreement, CBRE will recommend the use of Smartcool's
innovative energy reduction technologies and assist Smartcool with the
introduction and deployment of these technologies within their expanding
managed property portfolio in this region.
"Commercial buildings are one of the biggest culprits globally in energy
consumption and greenhouse gas emissions and this is no different in this part
of the world," stated David Verlee, CEO of Smartcool SEA Pte. Ltd. "The proven
technologies that Smartcool has developed provide an excellent economic
solution that meets the requirements of commercial building managers to
control building costs for its clients and reduce the size of their carbon
footprint. The portfolio that CBRE currently manages provides us with a
significant opportunity in this region."
"Our distributor in the Philippines is making significant inroads in
their region and this agreement with CBRE, a globally recognized name, is a
clear indication that our energy efficiency solutions are being marketed very
well," added George Burnes, President and CEO of Smartcool Systems Inc. "Our
clients have indicated that reduction in energy consumption and carbon
emissions are important but ultimately it is the quick return on investment
provided by Smartcool's solutions, usually around twenty four months, that
allows them to commit capital to a retrofit program."
About CB Richard Ellis Philippines Inc.
CB Richard Ellis Philippines was established in 1998 and has been
prominent in the Philippine market since 1995 through a previous Richard Ellis
association. CB Richard Ellis Philippines currently employs over 200 highly
qualified personnel and is rapidly expanding to serve clients with a full
range of property services.
The firm has established its position as a market leader in the
commercial brokerage services segment and undertakes a larger proportion of
Tenant Representation assignments for Multi-national Corporations entering or
expanding operations in the Philippines. The support services of residential
brokerage are also an integral part of the full brokerage services to clients.
The company is also rapidly expanding its operations in Asset Services,
with currently over 1.4 million square feet or over US$400 million of prime
commercial, residential properties under it management, spread over major
cities in Metro Manila, including Makati City, Ortigas Center-Pasig, Fort
Bonifacio and the City of Manila.
The Research and Consultancy Department has an excellent track record
providing professional advisory services to: financial institutions, large
domestic corporations, multi-national corporations and government
institutions, fund managers, international real estate funds and investment
About Smartcool Systems Inc.
Smartcool Systems Inc. (SSC: TSX.V) manufactures and distributes the
Smartcool Energy Saving Module (ESM)(TM) and the ECO(3)(TM), which make
refrigeration and air conditioning systems more efficient, resulting in proven
cost savings, reduced energy consumption, and a smaller carbon footprint. The
Smartcool ESM(TM) can be retrofitted to existing refrigeration and air
conditioning systems and is compatible with all known control systems. More
than 26,000 units have been installed worldwide for customers such as
supermarkets, food distributors, telecommunications companies, hospitals, and
hotels. Smartcool's new ECO(3)(TM) provides the same environmental and
cost-saving benefits to residential and commercial customers using one and two
compressor cooling systems.
The TSX Venture Exchange has neither approved nor disapproved the
contents of this press release.
For further information:
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