VANCOUVER, Oct. 16, 2013 /CNW/ - Smartcool Systems Inc. (TSX-V: SSC) is pleased to provide details of a utility rebate-winning
project completed by SmartACR, a successful new distribution partner in
the USA. Rebates worth $50,000 were issued by National Grid, under
the terms of the Large Business Existing Facility Incentives Program,
marking a major milestone for Smartcool's products in gaining
recognition as reliable, long-term energy saving solutions.
Smartcool products were installed to cut the energy consumption of the
air conditioning and refrigeration systems at Traditional Breads in
Lynn, Massachusetts. The large commercial bakery has seen annual energy
savings of 264,723 kWh from the 18 Smartcool ECO3 units and 2 ESM units
installed by SmartACR in its 83,177square foot facility.
"Independent verification showed that we were achieving energy savings
of 14.8% of the total electricity used by the facility, without any
disruption to 'business as usual' for Traditional Breads. These superb
results were the basis for our application to receive a rebate against
the cost of the project to our customer," explains Paul Gregory, CEO of
Veris power meters were installed to monitor the energy consumption of
the compressors in the cooling systems. Data was collected and analyzed
using Obvius Acquisuite data loggers, confirming that the ECO3 and ESM
were actively saving energy without any impact on temperature or
humidity conditions. This data gave SmartACR the proof of energy
savings it required to pursue substantial rebates from the utility.
"National Grid is one of the largest investor-owned energy companies in
the world, and we are excited to have our products recognized as
effective energy saving measures by a utility of this stature," says
George Burnes, President and CEO of Smartcool. "Our typical projects
achieve a return on investment in 12 to 36 months; the capacity to win
rebates from utilities can shorten this payback period significantly.
This helps Smartcool's products retain a competitive edge, particularly
in an economic climate where large capital expenditures may still not
be possible for many businesses."
"The project proposal from SmartACR was compelling, both from a
financial perspective and in its ability to help us reduce our carbon
footprint," says Fitzroy Alexander, President of Traditional Breads.
"The fact that we have received a substantial rebate from National Grid
for this project reaffirms our belief that the installation of
Smartcool products by SmartACR has been one of the smartest energy
saving measures we could have taken, and we are seeing an immediate and
significant financial benefit."
Neither the TSX Venture Exchange nor its Regulation Services Provider
accepts responsibility for the adequacy or accuracy of this release.
SmartACR is an independent distributor of Smartcool's ECO3 and ESM in
the USA. Operating out of offices in Boston, Massachusetts and
Houston, Texas, SmartACR is focused on the development and delivery of
energy efficiency products for commercial and industrial air
conditioning and refrigeration systems. www.smartacr.com
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 12 to 36 months.
SOURCE: SmartCool Systems Inc.
For further information:
WEB www.smartcool.net and www.smartcooleco3.com
Smartcool Investor Relations
TEL +1 604 904 8632