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TICKERS: SSC; SSCFF; R3W

Energy Efficiency Solutions Firm Establishes Presence in Germany
News Update

Source:

With this achievement, the company completes another part of its growth plan.

Smartcool Systems Inc. (SSC:TSX.V; SSCFF:OTC; R3W:FSE) announced in a news release it created Smartcool Systems GmbH, a wholly owned subsidiary in Germany, that will sell the parent company's products and services directly to the German market.

Dr. Georg Hochwimmer, who has helped numerous small technology companies with financing and sales, will manage the subsidiary's operations and develop a sales team for Germany. "I've known Georg for many years and have admired his strong business skills," CEO Ted Konyi said in the release.

"Establishing a presence in Germany is another positive step in the company’s growth plans," Konyi added. "In addition to Smartcool's proprietary optimization technology, I anticipate the products developed by our Total Energy Concepts division should also have applicability in this significant industrial market."

Regarding the company's prospects in Germany, Hochwimmer stated, also in the release, that "the combination of high [electricity] rates and a need to reduce emissions creates a tremendous opportunity for Smartcool and its suite of efficiency technologies."

In other news, the company just finished its first installation in the country, for an international food processing business. Savings resulting from Smartcool's energy efficiency solution at that enterprise are expected to fall between 25% and 40%.

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Disclosure:
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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5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the interview or the decision to write an article until three business days after the publication of the interview or article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases. As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of Smartcool Systems, a company mentioned in this article.




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