CoolSave installation of Smartcool ESM technology demonstrates potential for savings in temperature controlled food and drink industry at Peter Green Chilled
Peter Green Chilled is a market leading provider of temperature controlled services for the Food and Drink industry in the UK and Europe.
Vancouver, B.C. October 29, 2018, Ted Konyi, CEO, Smartcool Systems Inc. (TSX: SSC.V; OTC: SSCFF; FSE: R3W) is pleased to announce that agency partner CoolSave, has successfully installed Smartcool ESM technology at Peter Green Chilled.
Peter Green Chilled operates a nationwide next day delivery network for chilled, frozen, ambient and confectionery food products. Delivery points include catering and manufacturing sites, food service, wholesalers, markets and hotel groups.
The Smartcool ESM technology installation is saving over 330,000kWh annually and due to an innovative funding option, the installation puts Peter Green Chilled in a cash positive position from day one.
Independent, device level, sub metering was installed to measure energy consumption at device level and categorically prove the savings in CoolSave projects using Smartcool technology. This enables customers to fully validate results through an easily accessed web portal.
Nick Weedon, CoolSave’s National Sales Manager said “Smartcool’s technology has provided Peter Green Chilled with a significant energy reduction and efficiency across their refrigerated estate. The fully funded project has also enabled Peter Green Chilled the ability to realise a cash positive position without any major up front capital expenditure.
Clients that are looking to reduce their increasing energy costs and carbon footprint are able to benefit from this Smartcool offer without major expenditure. Not only does it benefit our customers but this is certainly helping us to grow the business and demonstrates the potential in the food and drink industry.”
About Peter Green Chilled
Peter Green Chilled is a market leading provider of temperature controlled services in the UK and Europe. Utilising our industry experience in this sector we are able to provide an extensive supply chain solution in the Food and Drink industry.
Smartcool Systems Inc. provides cutting edge energy efficient and energy cost reduction solutions for businesses around the world. The ECO3, ESM and ECOHome are Smartcool’s unique retrofit technologies that reduce the energy consumption of compressors in air conditioning, refrigeration and heat pump systems by up to 40%.
For further information
Vice President, Investor Relations
TEL +1 604 904 8632 EMAIL email@example.com
Legal Notice Regarding Forward Looking Statements
This news release contains “forward looking statements”. Forward-looking statements are projections of financial performance or future events. Forward-looking statements can be identified by the use of words such as “expect”, “anticipate”, “intend”, “plan”, “believe”, “estimate” and words of similar meaning. Forward-looking statements are based on management’s current expectations and assumptions and they are subject to risks that may cause actual results to differ materially from those expressed or implied by such forward looking statements. Forward-looking statements in this news release include those concerning the company’s belief in the growth opportunities in the Israel. These statements are subject to risks that may cause the actual results to be materially different in future periods from those expressed or implied by such forward looking statements. Risks that may prevent or delay the forward looking statements from coming to fruition as anticipated include the availability of working capital, risks inherent in product development, as well as market factors that may increase costs or time to market. It is our policy not to update forward looking statements except to the extent required under applicable securities laws. Further information on the Company is available at www.sedar.com or at the Company’s website, www.smartcool.net.
Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.