Smartcool’s Total Energy Concepts (TEC) Energy Savings Solutions Installed at a Metal Fabrication Shop and Grocery Store
Solutions Include Smartcool, Power Factor Correction and Nano LiquiTec™
Vancouver, BC. October 23, 2018, Smartcool Systems Inc. (TSX.V: SSC; OTC: SSCFF; FSE: R3W) is pleased to announce that its wholly owned subsidiary, Total Energy Concepts (TEC) has successfully installed a number of solutions at a metal fabrication business and a grocery store. Both of these businesses have multiple locations and should result in additional installations. Total sales for these initial two locations exceeded $100,000 USD
Upon completion of a comprehensive energy audit, a number of energy efficiency technologies were recommended and implemented, with expected savings of greater than 15% of the total energy costs. TEC installed the Smartcool’s technology as well as TEC’s propriety Power Factor Correction (PFC) technology, Voltage Conditioning Units (VCU), LED lighting and Nano LiquiTec™.
PFC’s are a proprietary engineered product manufactured by TEC, that reduces energy consumption at the device level by improving the power factor at large inductive loads such as electric motors and compressors.
Nano LiquiTec™ is a breakthrough synthetic catalyst with graphene and nanotechnology, engineered to create nano-convection for enhanced heat transfer by removing oil fouling, which generates energy saving of up to 40% of the HVAC or refrigeration system.
Damian Smith, CEO of Total Energy Concepts commented “These two businesses are representative of the types of customers we assist with our holistic approach to energy efficiency. They join the over 5,000 installations that TEC have completed in the last 15 years. By combining a number of energy solutions we are able to achieve greater economic benefits for our customers. We’re looking forward to assisting these two customers in their other locations.”
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%.
Total Energy Concepts (TEC) is a national leader in Power Protection, Energy Management, Power Quality, Facility Grounding, and Lighting Solutions that help companies improve their bottom line by reducing expenses that drastically cut into company profits. TEC focuses on a holistic approach to energy efficiency with proprietary technologies for power factor correction and third party technologies including LED, voltage conditioning and intelligent motor controls.
For further information
Vice President, Investor Relations
TEL +1 604 904 8632 EMAIL firstname.lastname@example.org
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 USA. 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.