SmartCool Systems Inc. (TSV: SSC) is pleased to announce the appointment of Mr. Jeffrey Lowe to the Board of Directors. Mr. Lowe is the Managing Partner of Richards Buell Sutton in Vancouver, British

Columbia; a position he has held since 1989. During 1994, while on leave from Richards Buell Sutton, Mr. Lowe was President of two corporations, TradeRef Softward Corp. and Maxwell Mercantile Inc. Mr. Lowe specializes in intellectual property, corporate and commercial law. The Company also announces the resignation of Mr. Gordon Taylor from the Board of Directors and wishes to thank him for his involvement over the past several years.

 

The Company has also increased the size of its Private Placement announced July 20, 2004. SmartCool will now proceed with a non-brokered private placement of up to 3.875 Million units (the "Units") at $0.08 per Unit for total gross proceeds of up to $310,000. Each Unit consists of one Common Share in the Company and one warrant (the "Warrants"). One Warrant will entitle the holder to purchase one Common Share at $0.10 for a period of two years.

The proceeds from this financing will be used to proceed with the Company's marketing plan for Abbotly Technology products in Canada and the state of New York.

About Abbotly Technologies:

Abbotly is a technology that reduces electric usage on air conditioning and refrigeration compressors by 10 -- 25%. Abbotly worldwide has more than 20 years experience in cutting compressor run time thus reducing electrical bills, while maintaining the desired temperature. Estimates of the annual reduction in electricity consumption related to installed Abbotly technologies is approximately 213,000 Mwh. This represents a reduction of greenhouse gas emissions of about 250,000 tonnes.

The Energy Savings Module ("ESM") works in conjunction with existing compressor equipment. It does not replace it. It will even improve upon existing energy savings systems. It does cause compressors to work at maximum efficiency but does not allow or cause over-cycling.

The ESM has a safety mode that will switch the circuit to the compressor's original control in the event of failure. If there's an electrical outage, when the electricity resumes, the ESM begins working automatically, with no need to "re-set" the system.

About Smartcool

Smartcool Systems Inc. (TSX-V: SSC) delivers cutting edge energy efficiency and cost reduction solutions for businesses around the world. The ESM™ and ECO3™ are Smartcool’s unique retrofit technologies that reduce the energy consumption of compressors in air conditioning, refrigeration and heat pump systems. Energy savings achieved by the ESM™ and ECO3™are quantifiable and the products can qualify for government and utility rebates. The technology has been validatedby rigorous third party testing, government organizations and private business installations.

Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.

 

Investor Inquiries

Mike Kordysz
Tel: +1 604 904 8632
mike.kordysz@smartcool.net
Press Release RSS

Press Release RSS

Latest Press Releases

Anesco Ltd., A Cleantech 100 Co. and Smartcool Progress Their Sustainable Technology and Energy Par…

The UK’s leading energy efficiency solutions provider and Sunday Times Fast Track 100 company, Anesco Ltd, have strengthened their No1 position in the UK by partnering with Smartcool to deliver further energy saving solutions.

Smartcool Distributor Installs at McDonald’s Chain in Riyadh

Achieves 20% Savings on Air-conditioning costs at The Luxury Tiara Hotel RiyadhVancouver, B.C. September 12, 2017, Smartcool Systems Inc. (TSXV: SSC OTC: SSCFF) is pleased to report that Kafaat Energy Company, its distributor in Saudi Arabia has been appointed by Riyadh International Catering C...

Smartcool 2nd Quarter Revenues Grow 300% over 1st Quarter

Vancouver, B.C. August 29, 2017, Smartcool Systems Inc. (TSXV: SSC OTC: SSCFF) is pleased to report that it has filed its Second Quarter Management Discussion and Analysis ("MD&A") and unaudited financial statements for the six-month period ended June 30, 2017, on SEDAR.

Smartcool Systems Inc. Announces Jamaican Partnership and Multiple Jamaican Installations

Vancouver, B.C. August 21, 2017, Smartcool Systems Inc. (TSXV: SSC OTC: SSCFF) is pleased to announce today a joint venture partnership with Alternative Power Sources Limited (“APS”) in Jamaica.

Smartcool Systems Inc. Announces First Funded Sale

Aug 14, 2017, Smartcool Systems Inc. (TSXV: SSC OTC: SSCFF)is pleased to announce today the first sale of a funded Smartcool installation. The sale was made to Loscoe Chilled Foods Ltd. and is expected to be installed over the next few weeks. Loscoe is in the food processing and distribution busine...

Smartcool Announces Private Placement Offering

Vancouver, BC. Aug 10, 2017, Ted Konyi, CEO, Smartcool Systems Inc. (TSXV: SSC) (the "Company") is pleased to announce a non-brokered private placement offering (the "Offering") of up to 8,000,000 units (the "Units") at a price of $0.05 per Unit, for maximum gross proceeds of $400,000.

Smartcool Announces Debt Settlement

Vancouver, BC. Aug 10, 2017, Ted Konyi, CEO, Smartcool Systems Inc. (TSXV: SSC)(the "Company") is pleased to announce that it has entered into a shares for debt agreement with a creditor of the Company, wherein the Company proposes to issue an aggregate of 7,891,774 non-voting, non-transferable pr...

Smartcool Systems Inc. Announces Sales Funding Program And Debenture Financing

Vancouver, BC. Aug 3, 2017, Ted Konyi, CEO, Smartcool Systems Inc. (TSXV: SSC) is pleased to announce today the initiation of a funded sales program. The program has been designed to provide funding for clients that want to install Smartcool’s proprietary energy efficiency products but lack th...

Smartcool’s Partnership With LCS Energy Solutions Achieves 30% Energy Savings At Mercedes-Benz Ipsw…

Jardine Motors Group is a multi-national operator of franchised motorcar dealerships in the UK with international outlets in Hong Kong, Macau and China.Vancouver, BC. July 18, 2017, Ted Konyi, CEO, Smartcool Systems Inc. (TSX.V: SSC, OTCBB: SSCFF), is pleased to announce that the company’s...

Smartcool Systems Inc. and Panoramic Power Enter Value Added Reseller Agreement

Vancouver, BC. June 20, 2017, Ted Konyi, CEO, Smartcool Systems Inc. (TSX.V: SSC, OTCBB: SSCFF), is pleased to announce that the company has entered into a VAR (Value Added Reseller) agreement with Panoramic Power Ltd.

Follow Us

Twitter   RSS Feed   YouTube   Linkedin   Facebook

Translate

English French German Italian Portuguese Russian Spanish