Vancouver, BC. December 17, 2014, Smartcool Systems Inc. (TSX-V: SSC) is pleased to announce that the testing has been completed on a Refrigerated trailer, with savings achieved between four to six gallons per day depending on setpoint and outside air. This equates to 17% to 25% of the fuel consumed for refrigeration.
The Smartcool technology was installed on a refrigerated trailer containing frozen products, which is part of a fleet operated by a food distribution firm in Southern Florida. Data has been collected over a period of six months to determine the amount of diesel fuel saved per day when controlled by the Smartcool system.
"This is a significant development in the expansion of the applications for the Smartcool Technology" states George Burnes, President of Smartcool Systems Inc. "Fuel costs represent one of the largest operating costs for food distribution companies. World food distribution burns billions of gallons of diesel to generate cooling. Diesel costs vary significantly depending on government taxation. Diesel in the US currently averages $3.50/gallon while in Europe costs of diesel averages $6.50/gallon. To be able to save between $14 and $21 per day, per truck, for owners/operators of fleets represents a major reduction in operating costs. In Europe, these daily savings would be close to double."
"The next stage is to test trailers that transport Fresh produce. Consumption statistics indicate that even more fuel is needed to maintain temperature for this application, which should result in higher daily fuel savings."
The testing will begin In January with the same food distribution company.
Smartcool expects to be able to commence a commercial roll out of technology for transportation refrigeration late Q1 2015.
Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.
Smartcool Systems Inc. (TSX-V: SSC) provides cutting edge energy efficient and energy cost reduction solutions for businesses around the world. The ECO3 and ESM are Smartcool's unique retrofit technologies that reduce the energy consumption of compressors in air conditioning, refrigeration and heat pump systems by 15% to 20%, giving customers a return on investment in as little as 12 months.