VANCOUVER, April 7, 2015 /CNW/ - Smartcool Systems Inc. (TSX-V: SSC); Ted Konyi, CEO and Chairman of Smartcool Systems Inc. is pleased to announce that it has entered into an agreement to absorb the business of its distributor SmartACR.
SmartACR has been a distributor for SmartCool products for the last 3 years. In addition, SmartACR has developed, under exclusive license from Smartcool, a wireless thermostat with Smartcool's proprietary algorithm inside. This product will now be owned and marketed directly by Smartcool. The new product will be targeting the small to medium size enterprise (SME) primarily in the retailing sector where Building Management Systems (BMS) are not generally deployed.
SmartACR has had success in the SME market with Smartcool product including initial installations with Dunkins Donuts, Five Guys Burgers and Fries, Nestle Foods, Campbell's and Victoria Stations. SmartACR has also had success with applying for and receiving rebates and subsidies from utilities in the U.S. Northeast.
Simultaneously to absorbing SmartACR's business, Smartcool is entering into a consulting contract with Paul Gregory, CEO of SmartACR. Paul will join Smartcool as VP Sales. His focus will be completing sales of Smartcool product to the existing sales funnel developed over the last few years within SmartACR.
Paul's deep sales experience is drawn from a 20-year career of building and selling to companies in industries as diverse as logistics, telecommunications, software and energy technology.
Paul is excited to help position Smartcool as the dominant player in transforming HVAC-Refrigeration systems into the age of the Internet of Things (IoT) to reduce costs, pollution and risk for retailers across America. Paul expects to add significantly to the sales efforts of SmartCool in focusing on selling directly to end-users.
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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.