(SSC - TSX V)
VANCOUVER, Nov. 24 /CNW/ - Smartcool Systems today announced the signing of an exclusive agreement with Avireal AG for the distribution of the Smartcool's technologies and products within Switzerland. Avireal AG has focused on a number of vertical markets which will provide an opportunity for Smartcool products to be used in hotels and by commercial land owners and managers.
The catalyst for the agreement were existing opportunities to introduce energy saving technologies to that country's large hotel industry as Avireal currently counts multiple companies in the resort and accommodation market as its customers.
Avireal has over 1200 employees located in Switzerland and Dubai. It is a facilities management company, with a core competence in the area of energy efficiency. In addition to the hotel sector, it focuses on industrial and commercial markets. Avireal was founded in 1972 as the planning office and property Management Company for Swissair. The airline spun it off as an independent company in 1997 and it went private in 2005.
This agreement builds on an existing relationship between the companies as Avireal markets Smartcool's products in the Middle East and has completed projects in Dubai utilizing the technology. This distribution agreement is in keeping with Smartcool's objective to establish alliances with global business partners which have numerous existing customer relationships.
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. (www.smartcool.net)
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SOURCE Smartcool Systems Inc.
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