Smartcool Systems Inc. (TSXV: SSC), is pleased to report that the Company is an inaugural winner of the prestigious Deloitte Technology Green 15 Award, a new award that salutes companies creating major breakthroughs in the field of green technology. The award comes as the 2007 Deloitte Technology Fast 50 Awards Program celebrates its 10th anniversary as the pre-eminent technology awards program in Canada.

 

The Deloitte Technology Green 15 Awards recognize those Canadian companies that offer solutions to global environmental challenges by creating intellectual property (IP) and technology that reduce society's environmental impact. "The Deloitte Technology Green 15 awards were created because much of the popular focus on environmental solutions often rests on more visible manifestations like wind farms, solar farms and ethanol production facilities," said John Ruffolo, National Leader, Technology, Media & Telecommunications Industry Group, Deloitte. "Honouring companies such as Smartcool Systems is raising awareness of the innovative, powerful technologies invented here in Canada that work behind the scenes to enable the green applications we benefit from today."

Over the last decade, the Deloitte Technology Fast 50 program has tracked the successful growth of Canadian-grown global leaders such as Research in Motion (RIM), which has ranked among the Deloitte Technology Fast 50 every year since inception in 1997.

"We are very pleased to be recognized for the efforts that have been made by our team" said George Burnes, President and C.E.O. of Smartcool. "Management has pursued an aggressive business plan that has resulted in a broad global distribution network for our technology. At the same time, we have been able to introduce our Energy Savings Module (ESM™) to the North American market place which is not only realizing the economic benefits of our product but also the environmental benefits that our energy reduction technology can provide. I feel we have put the necessary foundation in place on which Smartcool can continue to build."

"Companies such as Smartcool are creating technology solutions that have both a significant environmental impact and demonstrate a compelling return on investment. In doing so, they are helping position Canada as a global leader in the development of commercially-viable green technology," explained Ruffolo.

To qualify for a Deloitte Technology Green 15 Award, candidates must be headquartered in Canada and devote a significant portion of their operating revenues to creating proprietary technology and/or intellectual property.

About the Deloitte Technology Fast 50:

This year marks the 10th anniversary of the Deloitte Technology Fast 50 program, which celebrates business growth, innovation and entrepreneurship. The program features four distinct categories including the Technology Fast 50 Ranking, Companies-to-Watch Awards (early-stage Canadian tech companies in business less than five years, with the potential to be a future Deloitte Technology Fast 50 candidate,) Leadership Awards (companies that demonstrate technological leadership in four industry subcategories: hardware/semiconductor, software, telecommunications and emerging technologies) and the Deloitte Technology Green 15 Awards (recognizing companies creating innovative and economically viable intellectual property in the field of green technology.) Program sponsors include Deloitte, Gowlings, GrowthWorks, CIBC World Markets, Stonewood Group, Behr & Associates, and CATAAlliance. For further information, visit www.fast50.ca or call 1-888-6FAST50.

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
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