SMARTCOOL SYSTEMS, INC. SSC-TSX.V SSCFF - OTC - STRONG BUY

Exponential Revenue Growth Possible  - These Shares Could Double

This company has dynamic growth potential with revenues increasing every quarter. Their proprietary energy efficiency based technology can save power consumption up to 50% on cooling equipment like air conditioning, heat pumps and refrigeration. With such a focus now on energy savings and reducing ones carbon footprint, worldwide, Smartcool is at the right time and right place.

TECHNICAL FACTORS - OVERVIEW

These shares recently hit a 52 week high of $0.10 before pulling back  forming a solid base . Technically we expect these shares to double, once again testing and breaking through its 52 week high. 

We initiate coverage with a technical buy : Our Goal is $0.15


Fact Sheet - Research Report - Investor Presentation - Website - Management Team - Directors

 

  Featured On Business TV  Video 1 - Video 2 - Video 3

Smartcool Update on Acquisition of Total Energy Concepts

Vancouver, British Columbia--(Newsfile Corp. - June 19, 2018) - Smartcool Systems Inc. (TSXV: SSC) (OTC Pink: SSCFF) (FSE: R3W) ("Smartcool" or the "Company") is pleased to announce that it has amended the letter agreement pursuant to which it proposes to acquire Total Energy Concepts Inc. ("TEC") from its sole shareholder - Damian Smith - in a transaction originally announced on March 13, 2018.

As amended, the letter agreement provides that Smartcool will acquire 100% of the outstanding shares of TEC in return for 18,000,000 common shares of Smartcool ("Smartcool Shares") and 5,000,000 non-transferable share purchase warrants (each, a "Warrant") to be issued to Damian Smith at closing, and US$150,000 in cash payable over 12 months from the closing date. Each Warrant will entitle Mr. Smith to purchase one additional Smartcool common share at the Closing Price until the fifth anniversary of the closing date. In the original letter agreement, the number of Smartcool Shares to be issued to Mr. Smith at closing was to be determined at closing, based on the market price in effect immediately before closing; the amendment removes this uncertainty and fixes the number of Smartcool Shares at 18,000,000. The letter agreement continues to be subject to customary conditions, including the execution of a definitive agreement and TSX Venture Stock Exchange Approval.

The Company has substantially completed its due diligence and can report that TEC's financial statements for the year ended December 31, 2017, show net income of (US$147,251) (CDN$194,371) on 2017 revenues of US$2,012,278 (CDN$2,656,207). The parties have agreed to fix an 'effective date' for closing of April 1, 2018.

TEC is a Minnesota-based distributor of Smartcool products and other energy efficient products that has been in business since 2003. Damian Smith, President and Chief Executive Officer of TEC, has been very successful in growing the company and developing several proprietary products.

These include Power Factor Correction equipment (PFC), Voltage Conditioning Units (VCU) and Intelligent Generator Optimization Systems (IGOS). In addition to these proprietary products, TEC markets a host of energy efficiency products to provide clients a holistic approach to energy savings in an effort to help clients reduce energy consumption and save money.

Damian Smith and Ted Konyi believe that the synergies from a strategic merger of these two companies present a very attractive growth opportunity.

Ted Konyi commented, "I am pleased to have reached agreement on this amendment as it provides clarity on the number of shares being issued for all parties. We are endeavouring to complete this transaction within the next few weeks, subject to stock exchange approval."

About TEC

Total Energy Concepts Inc., founded in 2003, offers a holistic approach to Energy Savings with its client base. Solutions include LED lighting, Power Quality and Protection Strategies, Power Factor Correction, Intelligent Motor and Facility Controls as well as other energy efficiency upgrade technologies. The company has successfully delivered its products to thousands of companies across North America and includes a diverse customer base from C-stores to Fortune 500 Companies. Working through 14+ representatives has generated significant sales and profitability providing the opportunity for continued growth.

About Smartcool

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%.

 

Smartcool Installs at Apogee Condominiums Managed by Atlantic Pacific Companies

Installed on Heat Pumps in Common Areas and on 90 Heat Pumps for 49 Beachfront Condominium Units

Vancouver, British Columbia--(Newsfile Corp. - April 19, 2018) - Ted Konyi, CEO, Smartcool Systems Inc. (TSXV: SSC) (OTC Pink: SSCFF) (FSE: R3W) is pleased to announce that the company has completed an installation at Apogee Beach Condominiums, Hollywood, Florida.

An initial installation of Smartcool's proprietary technology on 5 Heat Pumps serving the common areas of the Apogee Condominium tower provided in excess of 20% reduction in compressor run time. With this positive result the Apogee Beach Condominium Association chose to install Smartcool energy efficiency technology on all 90 heat pumps servicing the 49 Exclusive Beachfront Residences.

Apogee Beach Condominium Association is one of over 50 Condominium Associations managed by Atlantic Pacific Companies. With ever increasing utility costs, Atlantic Pacific Companies turned to Oscar Behncke of WWJD Engineering Inc. to recommend options for energy reduction.

Oscar had successfully installed Smartcool some years ago at the JW Marriott Hotel in Miami and recalled the effectiveness of the system. He believed that there would be an application at the Apogee and confirmed the efficacy and economics of the system to the managers at Atlantic Pacific.

The recent developments in Heat Pumps that both heat and cool spaces efficiently through the refrigeration cycle is providing a broader opportunity for the application of Smartcool's technology.

Ted Konyi commented "This installation is an extremely important step in Smartcool's aggressive growth strategy. The recent successes in the UK on Heat Pumps demonstrated that Smartcool has opportunities for sales even in temperate climates. Heat Pumps are being installed in more applications given their flexibility of providing both heating and cooling with one system and operating more efficiently than traditional heating systems. Given the application of reverse-cycle air conditioning, which basically uses refrigeration in reverse for generating heating, Smartcool's technology can be very effective on both heating and cooling in reducing overall compressor run time and thereby reducing energy consumption. This provides a much better economic return for the customer and a much broader base of potential customers for the company. Working with Oscar has been great as he both understands the potential applications for the technology and has a capable team of installation professionals."

Oscar Behncke said "The success at Apogee provides a platform for moving Smartcool into many other similar Homeowners Associations in Florida and elsewhere. Everyone is looking for efficiency and working with Smartcool provides an opportunity to reduce the costs of one of the largest consumers of energy in the household. I believe that working with company's like Atlantic Pacific will yield more opportunities for Smartcool and the consumers alike."

Smartcool would also like to announce that the Board of Directors have revoked the resolution, passed at the last AGM, authorizing the Board to complete a 5:1 consolidation of the common shares of the Company. The Board has determined that given the current business activities, including the previously announced residential initiative, agency agreement with Cool Save UK and the proposed acquisition of Total Energy Concepts Inc., a consolidation was not appropriate at this time. The Board believe that these business activities should have a significant positive impact on the revenue and profitability of the Company which mitigates the need for a consolidation at this time.

About Smartcool

Smartcool Systems Inc. (TSXV: SSC) (OTC Pink: SSCFF) (FSE: R3W) 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%.

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. 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.

Mike Holmes partners with ECOHome(TM) for the Residential Market

Vancouver, British Columbia--(Newsfile Corp. - April 3, 2018) - Ted Konyi, CEO, Smartcool Systems Inc. (TSXV: SSC) (OTC Pink: SSCFF) (FSE: R3W) (the "Company") today announced that Smartcool has entered into an agreement with Mike Holmes and The Holmes Group to partner and promote the Company's ECOHome™ products internationally.

Mike Holmes, trusted Contractor and TV Host said "the ECOHome™ is what every homeowner needs in today's world of ever-increasing electricity costs. Saving money while reducing carbon emissions is what I call 'Making it Right'."

A trusted technology used in commercial buildings will now be available to homeowners. The Company's push into the Residential market should begin shortly starting with a digital media campaign directed towards selected markets in the U.S. sunbelt states (Arizona, California, Texas, Nevada, Florida, etc.)

The campaign will feature the uncompromising Mike Holmes, star of such popular TV shows as "Holmes on Homes®", "Holmes Makes It Right", "Holmes Inspection" and "Holmes + Holmes". As a Brand Ambassador, Mike has agreed to introduce the Company's ECOHome™ product to the millions of homeowners who live in these markets. Filming of the campaign videos took place in Toronto in February.

"Mike and his crew were great to work with," said Don Iannucci, Smartcool's head of ECOHome™ initiative. "Mike is the consummate professional and is a big believer in energy efficient homes. He really gets the importance of the ECOHome™, and its potential saving of up to 40% to the consumer."

Mike Holmes has agreed to be featured on the ECOHome™ website www.ecohome.cool which is to be launched when the test marketing begins. Customers can order their ECOHome™ directly from the website at a price of U.S. $499.00 which will include professional installation.

About Mike Holmes
Mr. Holmes, is currently the CEO and primary owner of The Holmes Group of Companies. Mr. Holmes is the long-time host of over five series featured on cable primetime TV including Holmes on Homes®, Holmes Inspections, Holmes Makes it Right, Home Free on FOX TV and, most recently, Holmes + Holmes featuring Mike's son (Mike Jr). His shows have been broadcast worldwide in over 92 countries and the Holmes brand is synonymous with quality, integrity and trust. The Holmes brand resonates with homeowners and his goal of education for all has created one of the most prolific international brands coming from Canada. Mr. Holmes' extensive efforts to raise building standards has led to him being awarded the prestigious Queen's Diamond Jubilee medal and being recognized in the House of Commons in 2006. With over a dozen years of filming Mike also donates his time to SOS Children's Villages Canada, Skills Canada, World Skills and The Holmes Foundation to encourage careers in the skilled trades and to get the training required to Make it Right!

About Smartcool
Smartcool Systems Inc. (TSXV: SSC) (OTC Pink: SSCFF) (FSE: R3W) 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%, giving customers a return on investment in as little as 12 months.




Smartcool's proven technologies lowers energy consumption and costs for Cryptocurrency, BlockChain & Cannabis Growers

Vancouver, British Columbia--(Newsfile Corp. - January 31, 2018) - Smartcool Systems Inc. (TSXV: SSC) (OTC Pink: SSCFF) (FSE: R3W) is pleased to announce that given the successful installation and proven energy savings at SSE's Data Centre located in Hampshire UK, it is now focusing on Cryptocurrencies, BlockChain applications and Cannabis growers in North America.

The use of BlockChain for Cryptocurrencies and other applications has created a tremendous surge in computing requirements. The two primary elements of energy consumption for data processors is the energy to run the servers/computers and HVAC systems to keep them from overheating. Cooling is estimated to represent about 40% of total energy costs associated running the facility.

Nomura (an Asia-headquartered global investment bank) noted that power used to mine bitcoin is estimated at 33.2 terawatt hours. ... According to the index, the amount of energy consumed by mining bitcoin surged about 26 percent in November alone and now totals nearly 36 terawatt hours, enough energy to power about 3.3 million homes. Reported Dec 21, 2017

The website Digiconomist claims that bitcoin operations use as much energy as Denmark, or enough to power 3,071,823 U.S. households.

Ted Konyi, CEO, said "It has become clear that BlockChain is being successfully used to enhance security with the first application being Cryptocurrency. The use of BlockChain requires a tremendous amount of computational power driving electrical consumption. Smartcool can significantly affect the energy consumption for keeping the computers cool. As such, it can benefit the consumers financially and improve their environmental footprint. The Cannabis Industry is also booming and again Smartcool can provide a significant impact. Cooling represents a very large portion of overall costs given the heat that grow lights generate. Smartcool's technology has proven to reduce A/C costs and could reduce growers' energy costs and carbon footprint."

Cannabis growing might look and smell natural, but its ecological footprint is anything but green. Pot growing is very power hungry. The cannabis industry is one of the nation's most energy intensive, often demanding 24-hour indoor lighting rigs, heating, ventilation and air-conditioning systems at multiplying grow sites. HVAC averages between 30% and 50% of total energy costs dependent on seasonal temperatures.

A 2015 US report stated that Cannabis was the fastest growing industry in the United States.[6] The industry in the United States is expected to grow from $2 billion in 2014 to as much as $10 billion in 2018, depending on legalization outcomes.

Canada is set to become the second country to legalize adult-use of marijuana with Bill C-45 on July 1st, 2018 Cannabis in Canada. As of December 2017, there are 79 licensed marijuana producers in Canada with most concentrated in Ontario and British Columbia. According Deloitte, the base retail market is valued at $4.9-$8.7 billion annually.

About Smartcool


Smartcool Systems Inc. (TSXV: SSC) (OTC Pink: SSCFF) (FSE: R3W) 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 up to 40%, giving customers a return on investment in as little as 12 months.

For further information

www.smartcool.net | www.smartcooleco3.com | EMAIL info@smartcool.net

Investor Inquiries
Mike Kordysz,
Vice President, Investor Relations
TEL +1 604 904 8632 | EMAIL mike.kordysz@smartcool.net

Disclaimer for Forward-Looking Information
Certain statements in this release are forward-looking statements. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will obtain from them. Forward looking statements in this release include those concerning the size and timing of the Offering and the proposed use of proceeds. These forward-looking statements reflect management's current views and are based on certain expectations, estimates and assumptions which may prove to be incorrect. A number of risks and uncertainties could cause our actual results to differ materially from those expressed or implied by the forward-looking statements, as well as other factors beyond the Company's control. These forward-looking statements are made as of the date of this news release.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

The installation at a top UK Premier League Football Club Stadium will provide Energy Reductions and deliver significant Financial and Environmental Benefits.

Vancouver, British Columbia--(Newsfile Corp. - December 12, 2017) - Ted Konyi, CEO, Smartcool Systems Inc. (TSXV: SSC) (OTC Pink: SSCFF) is pleased to announce that the company has successfully completed an installation at one of the UK's top "Premier League" Football Clubs.

Energy reductions are already being recorded and look certain to exceed the expected targets that have been set by the club management.

Ted Konyi commented, " This installation carries on the success that our UK team is having with a number of market verticals. Of particular interest on this installation is that Smartcool's proprietary technology was applied to Mitsubishi Ecodan heat pumps being used to heat the domestic hot water for the stadium. This system is a more efficient method of heating hot water and either a replacement for gas fired boilers or installed on new construction as an alternative to gas fired boilers. It represents an entirely new market opportunity for Smartcool that consumes large electrical energy that can be improved through the deployment of Smartcool technology. The system operates 24/7/365and averages 1mWh per day. Anticipated ROI is 2 year or less."

Nick Weedon, Smartcool's National Sales Manager responsible for the account said, " This installation marks another successful project designed and executed by the Smartcool UK team. The application on the Clubs heat pumps broadens the base of Smartcool installations bringing both financial and environmental benefits. Working with such a prestigious client who recently topped Sky Sports Ultimate Premier League Table was exciting for us all. I look forward to working with the club on other projects in the near future."

About Maloney Associates Ltd.

The sustained energy management for the club was carried out by Keith Maloney, MD of Maloney Associates, Keith's has vast experience of over 25 years in the management of energy and environmental projects. Maloney Associates were one of the first professionals in the UK to be accredited to the CMVP (Certified Measurement Verification Professionals). They are also one of the first to be accredited "Low Carbon ISO 50001 consultants" by CIBSE. Keith and his team have fast become one of the country's leading consultants with a reputation for delivering substantial energy, costs and carbon savings.

About Smartcool

Smartcool Systems Inc. (TSXV: SSC) (OTC Pink: SSCFF) (FSE: R3W) 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%, giving customers a return on investment in as little as 12 months.


Smartcool Introduces the ECOhome to the Residential Air Conditioning Market Savings of up to 40% to the Homeowner

Vancouver, British Columbia--(Newsfile Corp. - December 5, 2017) - Smartcool Systems Inc. (TSX: SSC) (OTC Pink: SSCFF) is pleased to announce the release of a new product, the ECOhome, which will focus on the lucrative residential air conditioning market.

Smartcool's proprietary control algorithm technology has delivered proven energy efficiencies and savings to some of the world's best known brands over many years including:

McDonalds, Burger King, Dell Computers, Tesco, General Electric, Hilton, Radisson, Mercedes Benz, Jaguar Motorcars, United Utilities, Telefonica, Emcor, and SSE

Ted Konyi, Smartcool CEO said: "The Company has built a pedigree of delivering meaningful energy savings at over 30,000 installations around the world, in some of the most challenging environmental conditions, to large commercial and industrial clients. We now feel the time is right to continue to expand our mission of bringing energy savings, environmental responsibility and carbon emission reductions to our planet by entering the largest and most exciting sector — the residential market."

Mr. Konyi continued, "The residential market in the U.S. alone is massive, with about 100 million residences with A/C and heat pump systems."

Don Iannucci has been appointed VP Business Development - Residential, and will lead the division that will introduce our new ECOhome product to the residential market.

Mr. Iannucci's career encompasses being a founder and senior executive of companies involved in data mining and information management software, telephony, Internet, cable, on- demand television, investment banking, and the consolidation of companies involved in providing heavy civil construction and oilfield services. Don's marketing experience includes his co-founding of Novus Communications which built a fibre optic network of over 40,000 route miles — providing carrier transport, video and high-speed Internet services and marketing those services to business and residential customers.

Don was central to the company's marketing and acquisition activities and to several rounds of private equity and debt financing. Don has worked for some of the largest marketing and communications companies in Canada (Baker Lovick/BBDO, Cossette & BCP) where he was responsible for overseeing the development of strategic marketing campaigns for some of Canada's largest advertisers and marketers.

Don said, "This is a marketing guy's dream — the time has never been better to market a product like the ECOhome. With electricity costs on the rise, green initiatives on everyone's minds, and ever warming temperatures, the residential homeowner will welcome the ability to save up to 40% on their air conditioning costs."

Don continues, "I expect our campaigns — initially targeting homeowners in the Sunbelt States such as Florida, Texas, California, Nevada, Arizona, etc., (approximately 37 million homes with A/C) to be very well received. We plan to focus on the residential market with a direct-to-consumer approach using digital and television media to target our message of significantly saving money and reducing carbon emissions."

About Smartcool
Smartcool Systems Inc. (TSXV: SSC) (OTC Pink: SSCFF) (FSE: R3W) 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%, giving customers a return on investment in as little as 12 months.



Smartcool Announces Valor Energia, A New Brazilian Distributor

Vancouver, British Columbia--(Newsfile Corp. - November 21, 2017) - Smartcool Systems Inc. (TSXV: SSC) (OTC Pink: SSCFF), is pleased to announce the addition of a new distributor for its Energy Efficiency products in Brazil. Located in São Paulo, Valor Energia has successfully developed and managed several major alternative green power projects. From Wind Farms to Solar installations and Hydroelectric projects, Valor Energia, has developed many projects in the energy sector and are now going to be applying their skills to energy efficiency projects.

Ted Konyi, CEO, Smartcool Systems commented "Brazil represents a tremendous market opportunity for Smartcool. Given the high electricity rates, high ambient temperatures, and the very large concentrated population, this is a perfect combination for generating significant economic and ecological returns for customers. Valor Energia has the team required to be successful with Smartcool technology and we look forward to a successful partnership."

Armindo Bredariol Jr., Managing Director, Valor Energia added "we have been searching for the best Energy Efficiency technologies to provide to our existing customer base and believe we will be very successful with the Smartcool products. First installations will be commenced within the next month with some multi location customers. With successful reference cases, our sales team will be able to rapidly expand the installed base. Brazil's population of over 200 million means that there are large refrigeration requirements and with average ambient temperatures of 24C, much air conditioning. Both of these suggest a very large market opportunity. We are looking forward to working with Smartcool to develop this market."

About Valor Energia

Valor Energia is specialized in project management and consulting services for one of the sectors that requires much expertise: Energy. Our work is based on ethical principles, respect for customers, the environment and society. We have a multidisciplinary team. Our professionals have over 20 years of energy trading experience, project development and implementation.

About Smartcool

Smartcool Systems Inc. (TSXV: SSC) (OTC Pink: SSCFF) (FSE: R3W) 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 up to 40%, giving customers a return on investment in as little as 12 months.




Smartcool Systems Inc. Adds Business Development Manager as Growth Continues to Accelerate in the UK

Vancouver, British Columbia--(Newsfile Corp. - November 15, 2017) - Steven Martin, Smartcool's Executive VP EMEA, Smartcool Systems Inc. (TSXV: SSC) (OTC Pink: SSCFF) (FSE: R3W), is pleased to announce the addition of Julian Sylvester, an experienced Sales Executive who has an extensive background within the energy efficiency market.

Mr. Sylvester has enjoyed significant success as a Business Development Manager over the last 10 years with Sabien Technology Ltd., responsible for introducing and delivering energy efficiency solutions for large multi-site businesses and key accounts, and will now be looking to do the same with Smartcool.

Nick Weedon, Smartcool UK National Sales Manager stated "I am delighted to welcome Julian to Smartcool as we expand our service and product offerings. Julian's strong commercial and technical expertise will compliment our current skill, helping us to grow into new markets, Julian is a great addition and will certainly exceed our expectations."

Julian Sylvester adds, "This is a great opportunity for me, I'm pleased to be joining a thriving and rapidly growing company. Smartcool has very exciting products in an industry that is at its infancy. Smartcool has the tools and ability to deliver significant energy and cost reductions across all market sectors".

About Smartcool

Smartcool Systems Inc. (TSXV: SSC) (OTC Pink: SSCFF) (FSE: R3W) 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 up to 40%, giving customers a return on investment in as little as 12 months.

 

For further information
WEB
 www.smartcool.net and www.smartcooleco3.com




Smartcool Continues to Add Sales Staff as Growth Accelerates in the UK

Vancouver, British Columbia--(Newsfile Corp. - October 25, 2017) - Steven Martin, Smartcool's Executive VP EMEA, Smartcool Systems Inc. (TSXV: SSC) (OTC Pink: SSCFF), is pleased to announce the addition of a seasoned Sales Executive to the UK team with more to be announced soon. The additional sales executive, Jon Cullum, has an extensive history in selling within the energy efficiency market; he has also enjoyed significant success selling energy solution based technologies into the hospitality industry.

Nick Weedon, Smartcool UK National Sales Manager stated "Jon is a great addition and will certainly add value to our rapidly expanding Smartcool team, having someone with Jon's industry knowledge and experience, will certainly continue to enhance our growth."

Jon Cullum adds, "I am really excited to be joining the growing team at Smartcool.  There is a tremendous amount of opportunity for businesses to take advantage of Smartcool's proven energy saving solutions."

Smartcool has also successfully registered with GS1 Germany GmbH and has received its LEI (Legal Identifier Number). Smartcool is traded on the Frankfurt Exchange under the symbol R3W.

About Smartcool

Smartcool Systems Inc. (TSXV: 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 up to 40%, giving customers a return on investment in as little as 12 months.

Smartcool Saves 30% Power Consumption At A Quick Serve Restaurant in Jamaica

Vancouver, British Columbia--(Newsfile Corp. - October 17, 2017) - Smartcool Systems Inc. (TSXV: SSC) (OTC Pink: SSCFF) is pleased to announce the results from an initial installation at a Quick Serve Restaurant (QSR) in Kingston, Jamaica. The installation was completed on August 10, 2017 and electrical power consumption was then measured at the two (2) Mitsubishi FDC680 KXE6 Heat Pumps cycling through 2 weeks in bypass and 4 weeks with Smartcool active.

Panoramic Power sensors were used and yielded a straight active/bypass comparison showing an average daily reduction of 126kWh over the period. At the effective current utility rates in Jamaica, the annual financial savings is anticipated to be approximately $10,500 USD. Based on the customer capital cost, it is anticipated that payback will occur in less than 18 months.

Ted Konyi, CEO, commented "This is another great result for Smartcool and our customer. This particular installation was completed for a franchisee of one of the top 5 Fast Food Chains in the world and our customer operates 60 fast food (QSR) locations in Jamaica. With the high cost of electricity in Jamaica and most island nations, this installation represents a win-win-win for the customer, the environment and Smartcool. QSR's represent over 30% of all restaurant operations with over 500,000 locations worldwide. Although economic results will vary based on ambient temperatures and utility rates, this segment represents a very large opportunity for Smartcool."

About Smartcool

Smartcool Systems Inc. (TSXV: 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 up to 40%, giving customers a return on investment in as little as 12 months.

For further information

WEB www.smartcool.net and www.smartcooleco3.com
EMAIL info@smartcool.net

Investor inquiries
Mike Kordysz
Vice President, Investor Relations
TEL +1 604 904 8632 
EMAIL
 mike.kordysz@smartcool.net

Forward Looking & Disclaimer

 

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