Smartcool Systems Inc. (TSX-V: SSC) is pleased to announce the superb results of a pilot installation for Nedbank, South Africa's first carbon neutral bank. The excellent energy savings results from the Energy Saving Module (ESM)™ have led Nedbank to request that a further 10 sites be surveyed for installations of Smartcool equipment.

Mr. Chris Grainger, convener of the Nedbank Technology Forum for Building Energy Efficiency states, "We are pleased with the results of the ESM™ installation at our Corporate Head Office. The energy savings assessment indicates an overall reduction of HVAC energy consumption by approximately 350,000 kWh per year. The resulting payback period of less than 24 months, coupled with a reduction in carbon emissions of 387,000 kg, contributes significantly to the energy, cost and carbon emission reduction goals of Nedbank".

The pilot project saw Smartcool's South African based distributor, Aruba Cooling, installing the ESM™ on five chillers at Nedbank's central office headquarters located in Sandton, Johannesburg. After an in-depth monitoring and verification process, data indicated energy savings results above and beyond original estimates.

South Africa is faced with rapidly increasing energy costs alongside increasing demand, putting an enormous strain on the state-owned energy provider. Mr. Heini Nel, Managing Director of Aruba Cooling, observed that, "Energy saving solutions such as that provided by Smartcool, are going to become part and parcel within the South African commercial sector moving forward, as the local market adapts to spiraling energy tariffs that will double in the coming 24 months".

George Burnes, President and CEO of Smartcool, states, "We at Smartcool are excited about the progress being made in South Africa- a market we feel holds tremendous growth potential". Mr. Nel added that this successful pilot project with a recognized corporate giant like Nedbank will be influential in lifting the profile of Smartcool's energy efficiency products within the region.

About Aruba Cooling

Aruba Cooling (Pty) Ltd is a licensed distributor, for the South African region, of Smartcool technology to reduce energy, cost and carbon emissions. Aruba provides energy solutions to industrial, commercial, mining and retail businesses.

About Nedbank

Nedbank Group is South Africa's fourth largest banking group measured by assets, with a strong deposit franchise, the second largest retail deposit base, a client-centric wholesale and retail franchise and a substantial and growing bancassurance and wealth management offering. Nedbank Group's headquarters is based in Sandton, Johannesburg, with large operational centres in Durban and Cape Town- which are complemented by a regional branch network throughout South Africa and facilities in other southern African countries. Nedbank has set rigorous energy saving targets, including a 12% reduction of both energy use and carbon emissions by 2015.

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
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