VANCOUVER, Nov. 17, 2015 /CNW/ - Smartcool Systems Inc.
(TSX-V: SSC))(OTCQB-SSCFF) is pleased to announce it has signed an
exclusive distribution agreement for the UAE region with EnviroTech
Limited based in Masdar City, Abu
Dhabi, UAE
Rania Abo Baker, General Manager
of EnviroTech, states, "We are looking forward to the partnership
between EnviroTech and Smartcool to develop the opportunity in this
territory. The UAE`s electricity costs are rising at a rate
in excess of 1.5% per quarter together with increased Federal
Government focus on energy saving initiatives such as ESTIDAMA and
LEED are driving these improved market conditions for our Energy
Saving Systems product range".
"We are focusing on hotels, shopping malls and apartment
towers. These types of buildings facilities have large Air
Conditioning cooling requirements with the chiller plants working
all year round providing an ideal environment for the Chiller
Energy Saving System utilizing Smartcool's chiller optimization
technology". We anticipate we will be able to announce our
first major reference client shortly.
Steven Martin EVP of Smartcool states "We have always been
interested in the Middle East as a
market for our products given the high requirements for cooling.
Finding a distributor like EnviroTech not only for the UAE but
potentially expansion in other territories such as Saudi Arabia will provide a good foundation
for a growing install base with EnviroTech."
EnviroTech have been actively marketing their Energy Saving
Systems are planning a major marketing campaign in the UAE once
these installations have been completed and further Chiller Energy
Saving results have been demonstrated and published.
About Smartcool
Smartcool Systems Inc. (TSX-V: 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 15% to
20%, giving customers a return on investment in as little as 12
months.
About EnviroTech
EnviroTech is a Masdar City in Abu
Dhabi, UAE company specializing in the supply, installation,
testing, commissioning, operating and maintaining of Air
Conditioning / Refrigeration Energy Saving Systems and Water
Treatment Systems for many applications including Hotels, Offices,
Leisure and Factory Facilities, Government Buildings, Restaurants,
Apartment Buildings, Labour Accommodation and many other
applications.
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 Middle East. 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.
WEB www.smartcool.net and
www.smartcooleco3.com
EMAIL info@smartcool.net
SOURCE SmartCool Systems Inc.