Smartcool Systems Inc. (TSXV: SSC), is pleased to report that Smartcool International Inc., a wholly owned subsidiary of the Company, has signed a Memorandum of Understanding with a German group for the purpose of becoming the exclusive distributor for all Smartcool products in the territory of Germany.

 

Smartcool and the German group have agreed, as part of the due diligence process, to conduct a feasibility study that will involve the installation of Smartcool's Energy Savings Module (ESM™) with clients selected by the potential distributor that have a national presence and multiple locations. The potential distributor will enter into agreements with these clients that will allow for a test period of no longer than four weeks from commencement in order to validate the economic feasibility of the technology at their facilities. At the end of the evaluation period the clients will be provided with a Savings Report which will form the basis for a purchase proposal.

"As we have previously stated, it is our intention to expand Smartcool's identity in the international energy efficiency market place" states George Burnes, President. "By establishing a presence in Germany, we will be entering a marketplace that currently imports over 60% of the energy it uses and is widely recognized as a world leader in the adoption of energy efficiency technologies."

As part of its business plan, Smartcool has implemented an aggressive international distribution model that has identified industry partners with an existing presence in their geographical area of exclusivity. In addition, our distributors have experienced sales and marketing and technical teams in order to ensure Smartcool's technology is well supported.

"Each distribution agreement commits the distributor to acquiring a minimum level of equipment from Smartcool in order to maintain exclusivity in their region," comments Allan Thompson, CFO. "By identifying a distributor that is fully equipped to support Smartcool's initiatives, we expect that the revenues generated from our International division will exceed the levels that are set by the minimum requirements of the distribution agreements."

Target Market - Germany:

Germany is one of the world's largest energy consumers with limited domestic energy resources which results in Germany importing most of its energy. Germany has one of the largest economies in the world with GDP in excess of US$2.8 trillion and is also one of the world's largest energy consumers. In 2004, Germany produced 566.9 billion kilo watt hours (BkWh) and consumed 524.6 BkWh of electric power.

Germany is the third largest carbon dioxide emitter in the OECD, behind the United States and Japan. Germany has a strong commitment to protecting its environment. It has actively promoted the use of renewable energy, both under the Kohl government with the Electricity Feed Law and under Schroeders' government with eco-taxes. However, Germany's reliance on coal, particularly brown coal, for electricity generation and the heavy industrialization of the economy has lead to serious problems with air pollution, acid rain and habitat degradation. These problems are particularly acute in the former East Germany.

Germany ratified the Kyoto Protocol on climate change in May 2002 however the EU has decided to meet its Kyoto obligations as a whole, rather than individual signatories. Under the EU's burden-sharing program, Germany must cut its carbon dioxide emissions by 21% relative to the 1990 baseline during the 2008-2012 commitment period.

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

TSX-V: SSC
OTC: SSCFF
Frankfurt: R3W

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