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TICKERS: SSC; SSCFF; R3W

Canadian Company Installs Energy-Reduction Technology in Great Britain
News Update

Source:

This project kicks off roll-out of its system at other locations for its client.

Smartcool Systems Inc. (SSC:TSX.V; SSCFF:OTC; R3W:FSE) announced in a news release it has finished installing its air conditioning and heat pump optimization technology in two of Knight Frank LLP's large office buildings in the United Kingdom, one in London, the other in Bristol. The Knight Frank firm manages real estate assets.

"We have managed to demonstrate significant energy reduction with the two initial projects and have now surveyed an additional 18 buildings on Knight Frank's recommendation," Smartcool CEO Ted Konyi said in the release.

David Goatman, partner and head of energy and sustainability at Knight Frank LLP said, "As one of the leading asset managers of real estate assets in the world we are constantly looking for new ways to improve the resource efficiency of our client’s buildings. Smartcool is a very impressive technology and one that we have one installed now in two large UK assets, it is an example of the way in which we seek to utilize best in class technologies to drive positive sustainability outcomes for our assets. I look forward to continuing to collaborate with Smartcool and to extend the roll-out of the technology across many more of our assets under management."

On measurement, the energy savings with the installed system amounted to more than 20%, Smartcool stated in its announcement.

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1) Doresa Banning compiled this article for Streetwise Reports LLC and provides services to Streetwise reports as an independent contractor. She or members of her household own securities of the following companies mentioned in the article: None. She or members of her household are paid by the following companies mentioned in this article: None.
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