VANCOUVER, Feb. 26, 2015 /CNW/ - Smartcool Systems Inc. (TSX-V: SSC) is excited to announce that Tri-Caribbean Energy (TCE) has been deploying the Smartcool ECO3 product is its lead energy conservation technology as TCE builds sales momentum across the strategically significant Caribbean market.
The Caribbean region has some of the highest electrical rates in the world; averaging approximately $0.39/kWh, creating a very strong incentive for businesses and homeowners to look to companies like TCE and technologies like the ECO3 to become more energy efficient and reduce operating costs.
Tri-Caribbean Energy (TCE) has its head office in Christ Church, Barbados and under the leadership of Perry Douglas; TCE is delivering a fully financed offering of energy conservation technologies and clean energy generation solutions commercial and residential customers throughout the Caribbean.
"As we move into 2015 it is clear that Tri-Caribbean Energy's truly unique business strategy of challenging and assisting Caribbean businesses and homeowners to 'find your energy independenceTM'" is being embraced by a variety of high profile luxury resort properties across the region" states Chris Lefaivre, VP of Operations at Smartcool and head of distribution in the Americas.
"By focusing on market verticals where Smartcool's technology has a long history of great results, we are succeeding in using the Smartcool ECO3 product to quickly reduce our customers' electricity consumption before exploring opportunities to build independent on-site clean energy generation capacity" explains Perry Douglas, President& CEO of Tri-Caribbean Energy.
TCE has launched a number of new projects in the hospitality market in recent months, including the installation of Smartcool ECO3 on a variety of air conditioning systems cooling the common spaces at the very exclusive Cap Maison Luxury Hotel, Resort & Spa in St. Lucia and Tradewinds Luxury Villa, Sandy Lane, Barbados.
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This news release contains "forward looking statements". Forward-looking statements are projections of financial performance or future events. Forward-looking statements can be identified by the use of words such as "expect", "anticipate", "intend", "plan", "believe", "estimate" and words of similar meaning. Forward-looking statements are based on management's current expectations and assumptions and they are subject to risks that may cause actual results to differ materially from those expressed or implied by such forward looking statements. Forward-looking statements in this news release include those concerning the company's belief in the growth opportunities in the Carribean. These statements are subject to risks that may cause the actual results to be materially different in future periods from those expressed or implied by such forward looking statements. Risks that may prevent or delay the forward looking statements from coming to fruition as anticipated include the availability of working capital, risks inherent in product development, as well as market factors that may increase costs or time to market. It is our policy not to update forward looking statements except to the extent required under applicable securities laws. Further information on the Company is available at www.sedar.com or at the Company's website, www.smartcool.net.
Smartcool Systems Inc. (TSX-V: SSC) provides cutting edge energy efficiency and cost reduction solutions for businesses and homes 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%, providing a return on investment in as little as 12 months.
SOURCE SmartCool Systems Inc.