VANCOUVER, Oct. 30 /PRNewswire-FirstCall/ - Smartcool Systems Inc. , is pleased to report that the company has entered into a new distribution agreement with Environmental Energy Solutions ("EES") based in Sydney, Australia. The exclusive distribution agreement covers the territory of Australia and New Zealand. The EES management team not only has intimate knowledge of Smartcool's Energy Savings Module (ESM(TM)), it consists of a group with experience in a multitude of areas that are applicable to the ESM(TM). This includes Building Service Management, Property Development/Management and Environmental Efficiency Consulting for groups such as telecommunications companies, hospital and local governments.
Subsequent to the signing of the new distribution agreement, EES has entered into a sales arrangement with Ecosave Pty. Ltd. in Sydney, Australia for the purpose of distribution of the Energy Savings Module(TM). This arrangement has already led to the following testing and subsequent sales of the ESM(TM) in Sydney, NSW;
- North Sydney Council, a major local government authority, funded a
test site for the ESM(TM) in conjunction with the New South Wales
State Government. Both institutions are committed to the reduction
of greenhouse gas emissions for both municipal and state government
buildings whilst generating significant financial returns. The
successful test has now led to the initiation of a rollout
throughout other government buildings within Sydney and the state
of New South Wales.
- The EES/Ecosave arrangement also led to the installation of the
ESM(TM) in a 17 storey office building in Sydney's central business
district for testing purposes. The building is owned by a major
Australian Superannuation Group with a vast portfolio of buildings
throughout Australia. The successful test provided suitable cost
savings that has led to the development of a rollout program of the
ESM(TM) into other buildings within their portfolio.
- In conjunction with EES, Ecosave will be installing 7 ESM(TM)
systems into a large shopping centre in Sydney which is owned by
one of Australia's most prominent property developers. Upon
successful completion of the initial 2 week trial and verification
period, commencing in early November 2007, there will be a roll out
for a further 8 centres to complete Stage 1 of the energy savings
joint venture between Ecosave and EES.
"Management is extremely pleased with the advancements that are being made by Environmental Energy Solutions", comments George Burnes, President. "This is a very important territory for us and the continued growth of our sales through this distribution channel broadens our exposure in an area of the world where energy costs and environmental issues are being addressed with equal importance. The management team that has been assembled has a vast knowledge of this industry and the contacts they have are allowing the ESM(TM) technology to be presented to the highest levels of management at our potential client base."
About Environmental Energy Solutions:
EES is Smartcool's independent distributor of products in the territory of Australia and New Zealand. The management group has strong technical expertise and is well respected in the energy efficiency/environmental sector. In addition, management has utilized the ESM(TM) technology in many projects achieving significant energy cost savings for their clients. Having utilized the ESM(TM) in the past, EES completely understands the technical and marketing requirements to expand the customer base for this energy reduction technology.
EES has committed to an aggressive business plan that addresses the economic and environmental issues facing a variety of vertical markets in their territory. Initial programs have already led to testing and subsequent sales to some of Australia's prominent organizations in a variety of sectors including, but not limited to, supermarkets, cold storage facilities, telecommunications, pharmaceuticals and government.
About Ecosave Pty. Ltd.:
Ecosave is the fastest growing energy and water conservation company in Australia. Established in 2002, Ecosave specializes in lighting and air conditioning energy conservation, as well as all aspects of water conservation for commercial and industrial buildings. With offices in Sydney and Melbourne, Ecosave has helped customers throughout Australia by completing projects in every state, both within capital cities and country areas.
Through its offer of a free site assessment, Ecosave provides potential customers with a list of the energy and water conservation projects that meet the client's financial criteria. Expected savings and costs for the recommended projects are provided in an obligation free proposal. Once a proposal is approved, Ecosave manages all aspects of the installation process to provide the client with energy and/or water savings with no interruption to the client's operations.
About Smartcool Systems Inc.:
Smartcool Systems Inc. is an advanced energy savings solutions company specializing in energy and cost reduction technologies for commercial and retail businesses. The company's wholly owned subsidiary, SmartCool International Inc., is the owner, developer, manufacturer and worldwide distributor of the Energy Saving Module (ESM(TM)). This green technology reduces the electricity consumption (kWh) and maximum demand (kW) of air conditioning and refrigeration compressors. Rather than replacing existing equipment, the ESM(TM) works in conjunction with existing controls in order to ensure that compressors work at maximum efficiency, while maintaining preset temperature levels and without causing over-cycling.
Rising global energy demand is resulting in significant increases in energy prices. Environmental concerns are causing both government and industry to re-examine the way they do business. SmartCool provides companies with solutions to address the growing pressure to reduce energy costs, increase profits and reduce green house gas emissions. For more information, please visit www.smartcool.net.
The TSXVenture Exchange has neither approved nor disapproved the
contents of this press release.
CONTACT: Allan Thompson, (604) 669-1388, or 1-888-669-1388, or allant@smartcool.net